Inflation Data and Treasury Auctions to Test Bond Market Resilience Amid Growing Deficit Worries
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and…
Day: June 11, 2025
Afreximbank Projects $44 Billion in Trade Deals at IATF 2025 in Bold Push for Intra-African Growth
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements at the upcoming Intra-African Trade…
Sophos Supercharges Firewall Security with AI-Powered Threat Detection and Enhanced VPN Support
Sophos, a global cybersecurity leader, has released an advanced update to its Sophos Firewall software, introducing AI-driven threat detection capabilities…
Nigeria’s Telecom Sector Bleeds $350 Million Annually on Diesel Amid Power Crisis – AFC Report
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure, according to the Africa Finance Corporation’s…
AfCFTA Chief Challenges Intra-Africa Trade Figures, Rallies Business Support for IATF 2025
Wamkele Mene, the Secretary-General of the African Continental Free Trade Area (AfCFTA), has cast doubt on widely cited statistics that…
Government Orders 10–15% Data Bundle Boost by July 1 to Improve Accessibility-Ghana
In a major policy move aimed at improving internet accessibility across Ghana, the government has directed all major mobile network…
Recapitalization Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31
Following the expiration of the June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators, a majority of players…
France’s Mistral Launches Europe’s First AI Reasoning Model in Bid to Rival U.S. and China
French AI startup Mistral has unveiled Europe’s first AI reasoning model, marking a significant step in the continent’s race to…
Crypto Exchange Bullish Quietly Files for U.S. IPO Amid Renewed Market Optimism
Peter Thiel-backed cryptocurrency exchange Bullish has reportedly filed confidentially for an initial public offering (IPO) in the United States, according…
Dollar Holds Steady as U.S.-China Trade Truce Offers Limited Certainty
The U.S. dollar and Chinese yuan remained largely unchanged following trade talks in London, where U.S. and Chinese officials reached…
Markets Wary Despite US-China Trade Framework as Investors Await Concrete Details
Global markets responded cautiously on Wednesday to the announcement that the United States and China had agreed on a trade…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply Concerns
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered significant setbacks, primarily…
Profit-Taking Drags Nigerian Stock Market Down by N377.9bn After Sallah Break
The Nigerian stock market opened on a bearish note after the Sallah holiday, suffering a major setback as investors embarked…
FX Inflows Surge 62% in May to $5.96bn as Investor Confidence Rebounds
Nigeria’s foreign exchange (FX) market experienced a significant revival in May 2025, as total inflows rose sharply by 62% month-on-month…
EU Lauds Kano as Strategic Hub for Investment and Development in Nigeria
The European Union (EU) has acknowledged Kano State as a promising destination for investment and entrepreneurship, with potential spanning sectors…
National Assembly Eyes Extension of 2024 Capital Budget, Pushes June 12 as National Address Day
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal budget to ensure…
Meta and Nigerian Government Launch AI Accelerator to Drive Local Innovation
Meta, in collaboration with Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE), has launched the Llama Impact Accelerator…
Global Outage Hits OpenAI’s ChatGPT, Users Worldwide Left Disconnected
OpenAI’s ChatGPT, one of the world’s most popular AI-powered chatbots, experienced a significant global outage on Tuesday, June 10, 2025.…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act 2020
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars, instructing them to…
Global Economy Slows to Weakest Pace Since 2008, Warns World Bank
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to increasing trade…