CBN Sells N598.3bn NT-Bills Amid Liquidity Surge in the Market
On May 7, 2025, the Central Bank of Nigeria (CBN) held a successful Nigerian Treasury Bill (NTB) auction, raising a…
Month: May 2025
Airtel Africa Gears Up for Airtel Money IPO, Projects H1 2026 Listing and Robust Financial Performance
Airtel Africa is making significant strides in its preparation for the IPO of Airtel Money, its mobile money service, with…
Lagos Approves Over 37,000 Building Permits in Six Years, Boosts Urban Development
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Nigeria Moves to Capture $31.8M Informal Export Trade: NEPC and NBS Sign MoU
In a bid to improve the accuracy of Nigeria’s trade statistics, the Nigerian Export Promotion Council (NEPC) and the National…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better Returns
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years, growing from…
Senate Approves New VAT Sharing Formula, Strengthens Tax Reform with Passage of Two Key Bills
The Nigerian Senate has approved two key Tax Reform Bills aimed at overhauling the country’s tax system. This is part…
Nigeria Sets Ambitious 2.5 Million Barrels Per Day Oil Production Target for NNPC Ltd.
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd)…
Global Food Prices to Drop by 7% in 2025, Led by Declining Rice Costs-GHANA
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs.…
Microsoft Triumphs in FTC’s Appeal, Securing $69 Billion Activision Blizzard Acquisition
In a significant legal win for Microsoft, a federal appeals court ruled on May 7, 2025, to reject a challenge…
Trump Administration to Overturn Biden’s Global AI Chip Export Restrictions
The Trump administration is set to rescind and revise a Biden-era regulation that aimed to limit the global export of…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and Britain,…
Africa’s Digital Leap: How Multi-Industry Fintechs Like Redtech Are Powering a Connected Future
Africa’s digital economy is undergoing rapid transformation, with fintechs leading the charge. While traditional players like Moniepoint and Flutterwave have…
GSS Urges Collective Action to Sustain Falling Inflation Trend in Ghana
In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital Market
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs),…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest Charges
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at…
Diageo, GSK, Unilever Exit. Can Nigeria Replace Them?
Nigeria’s Economic Outlook Amid Tough Reforms, Exiting Foreign Companies and New Investments Despite recent economic challenges, Nigeria is showing signs…
Senate Moves Ahead on Tax Overhaul, Passes Two Major Reform Bills
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform…
African Startups Raise $803M in Early 2025, Signaling Strong Tech Sector Rebound
In a strong indication of recovery, African startups have collectively raised $803 million in funding between January and April 2025—a…
Oil Prices Rebound 3% as Demand Grows in Europe, China and U.S. Output Slows
Oil prices bounced back sharply on Tuesday, climbing roughly 3%, following signs of stronger energy demand in Europe and China…
Nigeria loses over N1.3 billion to ‘Tomato Ebola’ outbreak in three states – Minister
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Gmail Users Face Lockout Risk After Sophisticated Phishing Attack, Google Warns
Google has sounded the alarm for its 1.8 billion Gmail users, urging anyone affected by a recent password hack to…
Investors Flock to Bitcoin and Gold Amid Geopolitical Tensions and Trade Uncertainty
Investors are turning to traditional safe-haven assets like gold and digital alternatives like Bitcoin as geopolitical tensions and economic uncertainty…
Africa Set to Lead Global Carbon Markets by 2025, Report Finds
A new report titled 2025 Africa Carbon Market Outlook (ACMO 25) reveals that Africa is on track to emerge as…
Nigerian CEOs Embrace AI and Market Expansion to Tackle Economic Challenges – PwC Survey
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies…
Bitcoin Soars Past $97K as China Unleashes $138 Billion Stimulus and Fed Signals Liquidity Shift
Bitcoin shot past $97,000 midweek before settling just below at $96,000, fueled by China’s massive $138 billion liquidity injection and…