Real Time Financial News Website
Biren Technology, a Chinese artificial intelligence (AI) chip startup, has raised 1.5 billion yuan (approximately $207 million) in a new funding round, largely backed by state-linked investors. The move positions…
Nearly 50 percent of global companies opted to pay ransoms in 2025 following ransomware attacks, according to Sophos’ sixth annual State of Ransomware report. The study, which surveyed IT and…
The CEO of Mpontu Technologies, Stephane Nwolley, has urged the Ghanaian government to prioritize strategic investment in artificial intelligence (AI) as a core driver of the nation’s digital transformation. Speaking…
The Nigerian Exchange (NGX) experienced a significant surge on Wednesday, June 26, 2025, with the market capitalisation increasing by N1.18 trillion. The bullish trading session was primarily driven by strong…
Google has announced the 15 startups selected for the ninth edition of its Google for Startups Accelerator: Africa, and the majority hail from Nigeria, Kenya, and Rwanda. This year’s cohort…
Meta Platforms has won a significant legal victory in a U.S. federal court after a judge ruled against a group of authors who claimed the company infringed their copyrights by…
Microsoft is facing a lawsuit from a group of authors who allege the tech giant used pirated copies of their books to train its artificial intelligence system, Megatron. Filed in…
As summer trading volumes typically thin out, global investors are preparing defensively against a potential market downturn similar to August 2024’s sharp selloff. Concerns are rising over unpredictable geopolitical events,…
The Securities and Exchange Commission (SEC) has called on Nigerians to take advantage of the country’s youthful and growing population to foster economic growth and improve financial inclusion by 2030.…
Nigeria’s ambition to raise $5 billion in startup funding by 2027 is looking increasingly unrealistic as investment in the country’s tech ecosystem continues to decline. The goal, set by the…
The Nigerian naira gained ground against the U.S. dollar, breaking below the N1,600/$ threshold in the black market. It traded at N1,590/$ during mid-week unofficial market activity, compared to N1,595–N1,600/$…
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African Continental Free Trade Area (AfCFTA). At the 2025 Afreximbank Annual…
A bipartisan group of U.S. lawmakers has introduced the “No Adversarial AI Act”, a bill aiming to prohibit U.S. executive agencies from using artificial intelligence models developed in China and…
At the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso called for a development strategy that is distinctly “African-led…
The Independent National Electoral Commission (INEC) has announced it has received letters of intent from 110 associations seeking registration as political parties in Nigeria. This development was made public by…
More than 40% of current agentic artificial intelligence (AI) projects will be discontinued by the end of 2027, according to a new report from technology research firm Gartner. The firm…
The Nigerian Exchange Limited (NGX) witnessed a robust rally on Tuesday, continuing its bullish momentum as market capitalisation surged by N764 billion. This uptick was driven by heightened investor interest…
The Debt Management Office (DMO) of Nigeria is set to finalise and settle a N100 billion bond issuance today, June 25, 2025. This marks the conclusion of a highly successful…
In the first quarter of 2025, Nigeria’s pension assets grew by ₦820 billion, bringing the total to ₦23.33 trillion as of March 31, up from ₦22.51 trillion in December 2024.…
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive limiting the tenure and subsequent roles of CEOs and executive directors in public companies, sparking concerns over…
The Central Bank of Nigeria (CBN) has attributed the delay in completing a nationwide healthcare project to pending litigations instigated by the Nigeria Governors Forum and other entities. The N85…
Bureau De Change (BDC) operators in Nigeria have revealed that more than 90% of the country’s foreign exchange (forex) liquidity exists outside the formal banking system, highlighting a critical gap…
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions following a ceasefire between Israel and Iran. The 10-year Treasury yield dipped slightly to 4.28%, the 2-year…
New Zealand-based accounting software giant Xero has announced a $2.5 billion acquisition of U.S. payments platform Melio, marking the largest outbound deal by a New Zealand company in over a…
OpenAI CEO Sam Altman revealed in a recent New York Times podcast that he held discussions with Microsoft CEO Satya Nadella regarding the future of their collaboration. Microsoft is OpenAI’s…
Asian stock markets inched upward on Wednesday following a tentative ceasefire between Israel and Iran, restoring some investor confidence and leading to a return to riskier assets. The easing of…
The Nigerian Exchange (NGX) continued its bullish run as the market capitalisation surged past N75 trillion, signaling strong investor confidence. The All Share Index (ASI) climbed by 1,211.17 points, marking…
The Federal Government of Nigeria has declared its strong commitment to achieving 95% digital literacy by 2030, a core goal embedded in President Bola Tinubu’s Renewed Hope Agenda. This initiative…
Google has unveiled the ninth edition of its Google for Startups Accelerator: Africa program, spotlighting 15 innovative, AI-driven startups from across the continent. Nigerian startups emerged as dominant participants in…
Ghana has inaugurated a National Planning Committee for the Ghana Labour Exchange Program (GLEP), marking a strategic push toward structured and ethical labour export. The initiative, led by the Minister…