African deep tech innovation takes stage at summit
The second edition of the DeepTech Summit (DTS) was successfully held at the University Mohammed VI Polytechnic (UM6P) in Benguerir,…
Month: May 2025
Forex Market Speculators Struggle Amid CBN’s Regulatory Reforms and Strengthened Naira
The Nigerian foreign exchange (forex) market has been facing a major overhaul as the Central Bank of Nigeria (CBN) intensifies…
AI Set to Reshape Nigerian Businesses and Jobs: CEOs Embrace Tech-Driven Growth
The future of work in Nigeria is getting a high-tech upgrade, with artificial intelligence (AI) poised to transform how businesses…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth – Black Star Advisors
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential turning point after more…
Asian Markets Lose Steam as Trade War Truce Fails to Inspire Confidence
Asian stocks faltered and the U.S. dollar weakened on Tuesday, despite initial optimism around a 90-day pause in U.S.-China tariffs.…
Nigeria’s Creative Economy Targets $100 Billion Boost by 2030 – Minister Musawa
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, has revealed the government’s ambitious plan for the…
Nigeria to Deploy $3 Billion Telecom Infrastructure by June 2025 to Boost Digital Inclusion
Nigeria is set to receive telecommunications infrastructure worth $3 billion by June 2025, according to the Minister of Communications, Innovation…
World Bank Reports Positive Shift in Nigeria’s Economy, Urges Inclusive Growth Strategy
The World Bank has reported a notable improvement in Nigeria’s macroeconomic situation, attributing it to a series of fiscal and…
10% Of Nigerians Affected By Data Breaches Since 2004 – Report
A new report by global cybersecurity firm Surfshark reveals that 10% of Nigerians have fallen victim to data breaches since…
U.S. and China Slash Tariffs in 90-Day Truce Amid Trade War Tensions
In a significant but temporary easing of trade tensions, the United States and China have agreed to reduce tariffs on…
Tinubu’s “Nigeria First” Policy Set to Boost Local Industry and Jobs, Says NASENI
President Bola Ahmed Tinubu’s recently launched “Nigeria First” policy has received strong backing from the National Agency for Science and…
OpenAI and Microsoft Rework Partnership Amid $57.9B Funding and IPO Talks
OpenAI and Microsoft are in the midst of high-level negotiations to reshape their multibillion-dollar partnership, with an eye on enabling…
Gov’t Misses GHS169m T-Bill Target as Yields Continue to Dip-GHANA
The Bank of Ghana’s latest auction results revealed that the government missed its T-bill target by GHS169 million. The government…
US-China Agree to Slash Tariffs in Breakthrough Deal, Easing Global Economic Fears
In a major development, the United States and China have agreed to cut tariffs to a 10% baseline for 90…
SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers
SoftBank Group is expected to report a net loss of 26.9 billion yen ($184.4 million) for its fourth quarter, marking…
Improved earnings, dividend payment lift investors’ fortune by N180 billion
In the first quarter of 2025, Nigerian investors have seen their fortunes rise by approximately N180 billion, driven by strong…
MTN Nigeria Pays N764.2bn in Taxes, Invests N3.5bn in Social Initiatives, and Reinforces ESG Leadership
MTN Nigeria Communications Plc (MTNN) announced a substantial contribution of N764.2 billion in taxes, levies, and duties to the Nigerian…
Experts cautions against idle deposits as banks grow investment securities to N41.7trn
In the first quarter of 2025, eight major Nigerian banks, including Access Holdings, Zenith Bank, and United Bank for Africa…
NGX Market Surge Adds N1.69tn in Capitalisation Amid Trading Boom
The Nigerian Exchange Limited (NGX) saw an impressive surge in market activity, with investors trading 2.645 billion shares worth N77…
Nigeria’s Crude Oil Output Reaches 2-Month High, Still Below OPEC Quota
Nigeria’s crude oil production saw a modest recovery in April, reaching a two-month high, but still fell short of the…
Microsoft 2025 Work Trend Report: Rise of the Frontier Firm Signals AI-Led Workforce Evolution
Microsoft’s 2025 Work Trend Index, developed in collaboration with LinkedIn, introduces the concept of the “Frontier Firm”, a new type…
From Aid to Industry: How Africa’s Informal Sector and Youth Could Drive Inclusive Growth
For decades, many African nations have relied heavily on foreign aid to fund healthcare, education, and emergency relief. But in…
Nigeria Records 119,000 Data Breaches in Q1 2025 Amid Global Decline — Surfshark Report
In the first quarter of 2025, Nigeria recorded over 119,000 data breaches, according to a new report from cybersecurity firm…
Shareholders Urge SEC to Overhaul Unclaimed Dividend Process in Nigerian Banks
Shareholders in Nigeria are pressing the Securities and Exchange Commission (SEC), registrars, and stockbrokers to reform the process for claiming…
US and China Reach Breakthrough Trade Deal in Geneva: Path Cleared for Economic Cooperation
After two days of tense negotiations in Geneva, the United States and China have reached a critical trade agreement that…
Bank of Ghana Warns Public About Foreign Investment Scams
The Bank of Ghana has issued a strong warning to the public regarding the growing threat of illegal foreign investment…
CBN Ups Treasury Bills Offer to N550bn Amid Softer Demand, Shifting Investor Focus
The Central Bank of Nigeria (CBN) has increased its Treasury Bills (T-Bills) Primary Market Auction offer from N400 billion to…
Dangote Refutes Marketers’ Claims, Asserts Refinery’s Capacity to Meet Nigeria’s Fuel Demand
The Dangote Petroleum Refinery has strongly countered accusations from oil marketers that it cannot meet Nigeria’s fuel demand. This controversy…
China Pressures U.S. to Scrap Tariffs Ahead of Crucial Switzerland Trade Talks
As the U.S. and China gear up for high-stakes trade negotiations in Switzerland, Beijing has called on Washington to demonstrate…
OpenAI Appoints Fidji Simo as CEO of Applications to Drive Global Operations and Growth
OpenAI has announced that Fidji Simo will become its new Chief Executive Officer of Applications, a role aimed at scaling…