Federal Lawsuit Accuses Diageo’s Casamigos and Don Julio Tequilas of Adulteration with Cane Spirit
A class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York, accusing…
Month: May 2025
Dyna.Ai Launches in Nigeria to Revolutionize Financial Services with AI Innovations
Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially launched its operations in Nigeria with a high-profile event…
Nigeria Signals Readiness to Boost Trade and Investment Ties with U.S., Says Envoy
Nigeria has reaffirmed its readiness to strengthen trade and investment ties with the United States, according to Ambassador Abubakar Jidda,…
Telcos plan virtual network operators summit
Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host MVNO Nigeria 2025: Unlocking…
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in 2024, primarily…
Landmark achievements in health, trade under Governor Bisi Onabanjo (1979–1983): Timothy Odeyemi’s role
During Nigeria’s Second Republic, the government of Chief Victor Olabisi “Bisi” Onabanjo (1979–1983) marked a transformative era in Ogun State’s…
Nigeria’s Inflation Rate Eases to 23.7% in April – NBS Report Shows Slight Relief
In a new report released by the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate dropped slightly to 23.71%…
Naira Gains Ground Against Dollar as Forex Liquidity Improves
The Naira continued its recent upward momentum on Wednesday, closing at ₦1,596.70 per US dollar in the official foreign exchange…
Bank of Ghana Governor Calls for Continental Coordination to Boost Digital Finance and Trade in Africa
Dr. Johnson Asiama, Governor of the Bank of Ghana, has stressed the importance of scaling digital assets and payment solutions…
BoG to Restrict Over-the-Counter Dollar Withdrawals as Cedi Strengthens-Ghana
Ghana’s central bank is stepping up its efforts to protect the cedi’s recent gains by targeting over-the-counter US dollar withdrawals.…
European DFIs Invest $80M in BluePeak Fund to Support Africa’s Mid-Market Growth
Four European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have…
Federal Gov’t Unveils $500m Climate Investment Platform, Targeting Sustainable Infrastructure, Economic Growth
The Nigerian government has launched the Nigerian Climate Investment Platform (NCIP), a pioneering initiative aimed at mobilizing up to $500…
U.S.-Iran Deal Impact Weighs on Nigerian Crude, Obodo Oil Debuts Amid Global Market Shifts
Nigerian crude oil is facing mounting pressure in the global market due to potential negotiations between Iran and the United…
Digital Lending Surge in Nigeria: 425 Licensed Lenders Amid Concerns Over Indebtedness
The number of licensed digital lending companies in Nigeria has surged to 425 as of May 2025, a significant increase…
AI and Digitalisation Revolutionizing Occupational Safety and Health: Emerging Risks and Benefits
Artificial Intelligence (AI), digitalization, robotics, and automation are significantly transforming workplace safety and health, according to a new report by…
Overcoming Challenges in Africa’s Migration Fintech Ecosystem: A Strategic Approach
The migration fintech sector in Africa holds vast potential but faces significant challenges due to varying regulations, infrastructure limitations, and…
Development Banks Launch $610M Initiative to Combat Climate Change and Fragility in Africa
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have announced a joint $610 million initiative to address…
Nigerian Stock Market Sees 0.27% Gain with NNFM, Champion Breweries, and Others Leading the Rally
The Nigerian stock market continued its positive momentum on Wednesday, as the All-Share Index (ASI) increased by 0.27%, pushing the…
Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting ESG Reporting
Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing international sustainability standards in capital…
Thyssenkrupp Shares Slide, UK GDP Surprises: European Markets React to Earnings and Economic Data
European markets had a rocky session on Thursday, with major indices across the continent trading lower for a second consecutive…
Tinubu Making Courageous Decisions To Fix Nigeria’s Economy – VP Shettima
Vice President Kashim Shettima praised President Bola Ahmed Tinubu for making courageous and transformative decisions aimed at revitalizing Nigeria’s economy.…
Foreign Investors Withdraw N420bn from Nigerian Stock Market Amid Economic Instability
In the first quarter of 2025, foreign investors pulled out a massive N420.37 billion from the Nigerian Stock Exchange (NGX),…
Microsoft’s Teams Unbundling May Help Avoid EU Antitrust Fine
Microsoft is likely to dodge a significant EU antitrust fine after revising how it sells its Office and Teams software…
FCMB Rewards 116 Customers in Millionaire Promo Season 10
In a heartwarming display of customer appreciation, First City Monument Bank (FCMB) has once again rewarded loyal customers through its…
GUTA President Urges Urgent VAT Reform to Cut Business Costs Ahead of 2025 Budget-GHANA
As someone following Ghana’s business climate closely, I found it striking that the President of the Ghana Union of Traders…
World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings
The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half…
Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe
The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West…
NGX Market Gains N186bn Amid Bullish Sentiment, Consumer Goods and Banking Stocks Lead Rally
Investors at the Nigerian Exchange (NGX) recorded significant gains on Wednesday, May 15, 2025, as market sentiment turned bullish, lifting…
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…
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…