Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50% against the US dollar.…
Month: June 2025
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization requirements expired today,…
ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Share Split in Bid to Broaden Investor Access
In a move aimed at making its flagship crypto investment product more accessible to everyday investors, 21Shares US announced Monday…
Google Agrees to $500 Million Compliance Overhaul to Settle Shareholder Antitrust Lawsuit
Google has agreed to invest $500 million over the next decade to revamp its compliance framework as part of a…
Markets Cautious Ahead of Trump-Xi Talks; Dollar Dips as Trade Tensions Persist
Shares in Asia showed modest gains while U.S. futures slipped on Tuesday amid lingering concerns over U.S.-China trade tensions. Investors…
Presidency Moves to Resolve N2 Trillion Power Debt Amid Sector Reforms
The Nigerian Presidency has initiated internal approval processes aimed at resolving the longstanding N2 trillion debt owed to electricity generation…
Nigeria’s Private Sector Grows for Sixth Straight Month Despite Inflation and Employment Challenges
Nigeria’s private sector sustained its growth momentum in May 2025, marking the sixth consecutive month of expansion, according to the…
Nigerian Equities Market Starts Week Strong with N173bn Gain Despite Lower Trading Volume
The Nigerian equities market kicked off the week on a positive trajectory as it recorded a N173 billion increase in…
Ghana’s Cedi Poised to Strengthen as $370 Million IMF Tranche Nears Approval
Ghana’s cedi is expected to remain relatively stable in the coming weeks, supported by the imminent release of $370 million…
Nigeria’s Economic Reforms Target Forex Stability Amid Oil Price Slump
Nigeria’s foreign exchange reserves have declined significantly in the first four months of 2025, dropping from $40.88bn in January to…
NASD Market Soars with N5.14bn in Trades as Oil & Gas Sector Leads Rally
The NASD Over-the-Counter (OTC) Securities Exchange recorded a significant surge in trading activity last week, as 551.01 million shares worth…
Fuel Marketers Join Forces Amid Price War Between Dangote and NNPC
In response to the instability caused by fluctuating petrol prices in Nigeria, fuel marketers are forming strategic partnerships to limit…
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in the country’s external and…