Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy toward sustainable growth without further…
Day: May 27, 2025
Tinubu seeks Reps approval for $21.5bn external loan, N757.9bn bond
President Bola Tinubu has formally requested the Nigerian House of Representatives to approve a comprehensive borrowing plan totaling over $21.5…
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins Scheduled Maintenance
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at…
US stock futures rally after long weekend on Trump’s tariff reprieve
U.S. stock index futures surged on Tuesday following the Memorial Day weekend after former President Donald Trump softened his stance…
NACCIMA President Urges Overhaul of Nigeria’s Investment Agencies to Attract High-Quality Investments
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called…
CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector
The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored for non-interest financial institutions.…
Turkey Targets $5 Billion Trade Goal with Nigeria, Aims for 500% Increase
Turkey has unveiled ambitious plans to increase its trade volume with Nigeria from the current $1 billion to $5 billion,…
CBN Holds Interest Rate at 27.5%, Analysts Cite Stabilization Amid Persistent Risks
The Central Bank of Nigeria (CBN) concluded its 300th Monetary Policy Committee (MPC) meeting by maintaining the benchmark interest rate…
Bitcoin Holds Strong at $109K Amid Market Liquidations and Long-Term Holder Accumulation
Bitcoin is currently trading around $109,000 amid a volatile market environment marked by significant liquidations. Over-leveraged traders have been forced…
OpenAI to Open First Seoul Office as ChatGPT Demand Surges in South Korea
OpenAI announced it will establish its first office in Seoul, marking a significant step as demand for its ChatGPT service…
Nigerian Exchange Rebounds with N540 Billion Market Cap Gain Amid Renewed Investor Optimism
The Nigerian Exchange (NGX) bounced back strongly on Monday, adding N539.98 billion to its market capitalization and reversing losses from…
SEC Approves N3.68 Trillion in New Market Issues Amid Strong Investor Confidence in 2024
The Securities and Exchange Commission (SEC) in Nigeria approved a total of N3.68 trillion in new market issues throughout 2024,…
Japan Plans to Cut Super-Long Bond Issuance to Ease Market Concerns
Japan’s Ministry of Finance (MOF) is considering reducing the issuance of super-long Japanese Government Bonds (JGBs) amid rising yields and…
Brussels Presses EU Firms for U.S. Investment Details Ahead of Crucial Trade Talks
In preparation for high-stakes trade negotiations with Washington, European Union officials have urged major European companies to provide detailed information…
Local Investors Dominate N2.7 Trillion Stock Deals in First Four Months of 2025
In the first four months of 2025, stock transactions on the Nigerian Exchange (NGX) totaled N2.714 trillion, a significant increase…
Tinubu at Two: Between Painful Reforms and Hopes of Economic Revival
In his first two years in office, President Bola Tinubu has embarked on a sweeping wave of economic reforms aimed…
Bank of Ghana Urges Businesses to Use Cedi to Sustain Currency Gains and Calls for Crypto Regulation
The Bank of Ghana has called on businesses operating within the country to conduct transactions in the local currency, the…
Ghana Gains Competitive Edge from U.S. 10% Tariff, Says Ambassador Palmer
Outgoing U.S. Ambassador to Ghana, Virginia Palmer, highlighted that Ghana benefits from recent global tariff changes introduced by the United…
CBN Measures Steady the Naira, But Major Gains Remain Unlikely
The Nigerian naira is expected to remain relatively stable in the near term, supported by the Central Bank of Nigeria’s…
World Bank Pressures Nigeria to Raise Sin Taxes as Loan Condition
The World Bank has urged Nigeria to implement higher excise duties on “sin goods” like alcohol, tobacco, and sugary drinks…