Nigeria Becomes Crude Oil Importer Despite Being Africa’s Top Producer
In a striking contradiction, Nigeria—Africa’s leading oil producer—spent N1.19 trillion importing crude oil in the first quarter of 2025, making…
Day: June 17, 2025
Wall Street Slips as Mideast Tensions and Fed Uncertainty Weigh on Markets
Wall Street futures declined on Tuesday amid growing investor caution as the Israel-Iran conflict entered its fifth day. The ongoing…
CBN Dividend Suspension Triggers Sharp Decline in Banking Stocks
The Nigerian banking sector faced a significant downturn following the Central Bank of Nigeria’s (CBN) recent directive halting dividend and…
Edun, Cardoso Strategize as Nigeria’s Inflation Drops to 22.97%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi Cardoso on…
Stocks Slip, Oil Surges as Middle East Conflict and Global Policy Moves Rattle Markets
Tensions in the Middle East escalated sharply as fighting between Israel and Iran entered its fifth day, leading to a…
Fitch Upgrades Ghana’s Credit Rating to ‘B-‘ as Economic Reforms Take Hold
Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating from “Restricted Default” to ‘B-’ with a Stable Outlook. This…
German AI Defence Start-up Helsing Secures €600 Million in Major Investment Round
German defence technology start-up Helsing has successfully raised €600 million in its latest funding round, significantly boosting its market valuation.…
Cedi Gains Offer Little Relief Without Inflation Tamed, Says Blue Skies Founder-Ghana
Anthony Pile, founder of leading fruit exporter Blue Skies Company Ltd., has raised concerns that Ghana’s recent cedi appreciation, while…
CBN Dividend Ban Triggers Sharp Decline in Bank Stocks on NGX
Bank stocks on the Nigerian Exchange (NGX) suffered significant losses on Monday, June 16, 2025, after the Central Bank of…
World Bank Warns of Alarming Drop in FDI to Developing Nations, Hits Lowest Level Since 2005
Foreign direct investment (FDI) into developing economies has plummeted to its lowest point in nearly two decades, according to a…
Israel-Iran Conflict Threatens Nigerian Economy with Investment Risks and Rising Interest Rates – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the escalating conflict between Israel and Iran poses…
Emerging Market Bonds Surge as Weaker Dollar Revives Investor Appetite
A sharp decline in the U.S. dollar is breathing new life into emerging market (EM) local currency debt, an asset…
OpenAI Considers Antitrust Action Against Microsoft Amid Partnership Tensions
OpenAI executives are weighing whether to accuse Microsoft, their largest investor, of anticompetitive practices, according to a report by the…
Beyond the Balance Sheet: Nigeria’s Bank Recapitalisation Spurs Debate on Profit vs Purpose
With only months left before the Central Bank of Nigeria’s (CBN) recapitalisation deadline, banks in Nigeria are rushing to meet…
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark Investor Optimism
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial results, which mark a strong…
CBN Crackdown on Forbearance Exposes FirstHoldco, Others to Billions in Loan Risks
The Central Bank of Nigeria (CBN) has taken a firm stance by reverting to orthodox monetary policy, enforcing stricter regulations…
U.S. Backs Investment Push in Lagos Free Zone, Eyes Stronger Economic Ties with Nigeria
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly in the Lagos Free Zone…
Fed Likely to Hold Rates Steady: What That Means for Americans’ Wallets
The Federal Reserve is widely expected to maintain its current interest rates during its upcoming policy meeting, despite political pressure…
SEC Charts Path for Cross-Border Trade with Naira-Backed Stablecoin Framework
The Securities and Exchange Commission (SEC) of Nigeria has unveiled plans to develop a regulatory framework for stablecoins, aiming to…