Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import Dominance
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead.…
Day: May 28, 2025
U.S. Banks Step Cautiously into Crypto Amid Regulatory Shifts
Major U.S. banks are beginning to explore opportunities in the cryptocurrency space, but are doing so cautiously due to lingering…
FX Reforms Spark Surge in Investor Confidence as Daily Turnover Hits $500m
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover approaching $500 million—a nearly five-fold…
FG Launches Presidential Committee to Spearhead Nigeria’s Digital Infrastructure Transformation
In a major push toward digital transformation, the Federal Government of Nigeria has inaugurated a Presidential Committee on Digital Public…
AfDB Forecasts 6% Naira Depreciation by 2026 Amid Global Market Volatility
The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and…
Stakeholders Call for Greater Investment and Support to Boost Nigeria’s Tech Innovators
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major obstacles facing…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit Woes
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due…
Apple Blocks Over $2 Billion in App Store Fraud in 2024 Amid Rising Cyber Threats
Apple has disclosed that it thwarted over $2 billion in fraudulent transactions on its App Store in 2024, highlighting the…
Wear It All Luxury Launches Glamorous Abuja Boutique with Star-Studded Event
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded its footprint with…
NGX Market Capitalisation Surges Past N70 Trillion as Bullish Trend Continues
The Nigerian Exchange Limited (NGX) witnessed sustained bullish activity as the market capitalisation soared past the N70 trillion mark. The…
CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market
The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector.…
Africa’s Cross-Border Payments Market Set to Reach $1 Trillion by 2035 Amid Fintech Boom
Africa’s cross-border payments market is poised for significant growth, with projections estimating it will nearly triple to $1 trillion by…
Shares Stall Ahead of Nvidia Earnings as US Dollar Climbs on Strong Economic Data
Global stock markets showed mixed signals on Wednesday as investors grew cautious ahead of Nvidia’s highly anticipated earnings report later…
Asia-Pacific Markets Mixed as Investors React to U.S. Tariff Postponement and Global Economic Signals
Asia-Pacific markets showed a mixed performance on Tuesday as investors digested the implications of U.S. President Donald Trump’s decision to…
Tinubu’s New Borrowing Plan Pushes Nigeria’s Debt to N183 Trillion Amid Economic Strains
President Bola Tinubu has proposed a fresh borrowing plan that will increase Nigeria’s total public debt from nearly ₦145 trillion…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank…
Nigeria Unveils N3.3 Trillion Infrastructure Plan to Bridge Digital Divide by 2025
The Nigerian government has announced an ambitious N3.3 trillion ($2 billion) digital infrastructure plan aimed at closing the country’s digital…
Google’s AI Ad Tools Poised to Supercharge Nigeria’s Digital Economy
Google has unveiled a range of cutting-edge artificial intelligence (AI) advertising tools aimed at accelerating digital growth in Nigeria and…
NGX Market Capitalisation Surpasses N70 Trillion on Strong Investor Demand for Airtel Africa, Others
The Nigerian Exchange Limited (NGX) saw its market capitalisation cross the N70 trillion mark, driven by strong investor demand for…
Nigeria Strengthens Strategic Ties with China to Boost Industrialisation
The Federal Government of Nigeria has reiterated its strong commitment to deepening its strategic partnership with China, emphasizing that the…