TensorWave Raises $100M to Accelerate AI Infrastructure Growth with AMD-Powered GPU Clusters
Las Vegas-based AI infrastructure startup TensorWave has successfully raised $100 million in a significant Series A funding round, announced on…
Day: May 14, 2025
Treasury Yields Dip as Investors Weigh Mild Inflation and Easing Trade Tensions
U.S. Treasury yields edged slightly lower on Wednesday as investors processed new economic data and trade developments. The 10-year Treasury…
NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Lagos Rakes in Over N1 Trillion in Investments, Sets Sights on 2025 Economic Growth
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
U.S. Stock Futures Steady After Early Week Surge Amid Trade Optimism, Fed in Focus
After a strong start to the week driven by positive economic signals, U.S. stock futures held steady early Wednesday as…
NGX Bounces Back with N314 Billion Gain as Investors Hunt for Bargains
The Nigerian Exchange (NGX) saw a strong rebound yesterday, reversing earlier losses as investors took advantage of bargain opportunities in…
European Stocks Stabilize as Dollar Weakens Further Amid Trade Truce and Inflation Data
European stock markets remained steady on May 14, 2025, following a significant rally driven by easing global trade tensions. The…
Cyber Talent Drain Threatens Nigeria’s Digital Defenses
Nigeria is facing an escalating cybersecurity crisis due to a severe shortage of skilled professionals, just as the volume and…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank…
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
Abia State Partners with MTN Nigeria to Drive Digital Transformation and Economic Growth
The Abia State Government has signed a Memorandum of Understanding (MoU) with MTN Nigeria to advance its digital transformation strategy.…
Foreign Portfolio Outflows Surge 251% in Q1 2025 Amid Economic Reforms and Global Tensions
In the first quarter of 2025, foreign portfolio outflows from Nigeria’s equities market surged to N420.37 billion, reflecting a significant…
World Bank Criticizes Nigeria’s Conditional Cash Transfer Program for Failing to Reach Millions
The World Bank has criticized Nigeria’s conditional cash transfer program, launched by the Federal Government in 2023, for failing to…
IMF Warns Surge in AI-Driven Electricity Demand Could Strain Global Economy and Environment
The International Monetary Fund (IMF) has issued a warning about the rapidly growing electricity demand driven by the expansion of…
Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new…
Tullow Ghana Resumes Gas Supply to Atuabo After FPSO Technical Glitch
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the…
NGX-ASI up 0.46% on renewed bargains
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) recorded a 0.46 percent increase on Tuesday, signaling renewed investor interest in…
Opera’s MiniPay Expands Access to Digital Dollars with Global App Launch
Opera has officially launched its MiniPay app for digital dollars on both iOS and Android platforms, providing a user-friendly, low-cost…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending money home. A…