SBM Warns of Telecom Sector Collapse Without Urgent FX Access, Policy Reform
SBM Intelligence, a leading research firm, has raised alarms over the deteriorating state of Nigeria’s telecommunications sector, warning that without…
Month: June 2025
OpenAI Launches Codex: Advanced AI Coding Agent for Developers
OpenAI has introduced Codex, a sophisticated AI coding agent designed to assist software developers in automating key tasks. Available to…
Fintech Urged as Key to Business Growth for SMEs in Ghana – Experts Highlight Youth-Driven Digital
At the 2025 Citi Business Festival (#CitiBusinessFestival), Martin Kwame Awagah, President of the Ghana Fintech and Payments Association, delivered a…
US Stock Futures Climb as Trump Brokers Israel-Iran Ceasefire
U.S. stock futures saw a sharp rise on Tuesday following former President Donald Trump’s announcement of a ceasefire between Israel…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months – Finance Minister Edun
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the…
Global Central Banks Shift Reserves from Dollar to Gold, Euro, and Yuan Amid Geopolitical Tensions
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S. dollar, increasingly…
NGX Urges Regional Collaboration to Boost Trade and Investment in West Africa
The Nigerian Exchange Group (NGX) has emphasized the need for increased regional collaboration to harness West Africa’s vast trade and…
Bank of Ghana Urges Stronger Cybersecurity Collaboration to Protect Financial Inclusion
The Bank of Ghana (BoG) is calling for enhanced cybersecurity measures across Africa’s financial sector, emphasizing the urgent need for…
What CBN’s forbearance shift means for banks
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a new era of orthodox…
SEC Tenure Rule Sparks Panic Among Capital Market Operators in Nigeria
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among capital market operators. The new…
Global Markets Rally as Iran-Israel Ceasefire Eases Tensions; Oil Prices Plunge
Global financial markets responded strongly to news of a ceasefire between Iran and Israel, as confirmed by U.S. President Donald…
$1 Billion Bitcoin Treasury Firm Launched by U.S. Investor Pompliano in Historic Crypto Merger
A major move in the cryptocurrency world unfolded as U.S. entrepreneur Anthony Pompliano announced the formation of a new bitcoin…
UK Regulator Moves to Rein in Google’s Search Power with Strategic Market Status
The UK’s Competition and Markets Authority (CMA) announced plans to designate Google with “strategic market status” (SMS), aiming to gain…
US Alleges Chinese AI Firm DeepSeek Supports Military and Dodges Export Controls Using Shell Companies
The United States government has accused Chinese AI firm DeepSeek of aiding China’s military and intelligence sectors. A senior U.S.…
Naira Holds Steady as CBN Injects $86.6m to Ease Dollar Shortage
The naira closed nearly unchanged on Monday in the official Nigerian Foreign Exchange Market (NFEM) after the Central Bank of…
Dollar Surge May Be Short-Lived Amid U.S.-Iran Tensions, Analysts Warn
The U.S. dollar saw a short-term boost in global markets early Monday following military strikes by the U.S. on Iran,…
Petrol Prices Surge Past ₦950/Litre in Nigeria Amid Global Tensions, Naira Slide
Petrol prices across Nigeria climbed steeply on Monday, with pump prices in major cities like Abuja and Lagos now ranging…
Trump Urges Major Rate Cuts Ahead of Powell’s Testimony, Ties Fed Policy to Inflation and Tariffs
Former U.S. President Donald Trump has renewed his call for significant interest rate cuts, suggesting that rates should be lowered…
Nigeria Earns N70tn from Oil Exports Despite Weak Output and Sector Challenges
Nigeria has generated a substantial N70.1 trillion in oil export revenue over a 15-month period from January 2024 to March…
Absa Bank Ghana: Digital Integration Key to Market Access and SME Financing
Absa Bank Ghana has emphasized the importance of digital integration for business growth, financial inclusion, and market access. Speaking during…
NGX Opens Week Strong with N279bn Boost as Investor Sentiment Rises
The Nigerian Exchange Limited (NGX) started the week on a bullish trajectory, gaining N279 billion in market capitalization on Monday.…
NCC Projects Surge in Telecom Investments Amid Economic Recovery and Infrastructure Reforms
The Nigerian Communications Commission (NCC) has projected a significant increase in investments in the country’s telecommunications sector in 2025. Speaking…
SEC Tenure Rule Triggers Market Anxiety as Capital Operators Scramble for Clarity
The Securities and Exchange Commission (SEC) of Nigeria has introduced a new rule imposing tenure limits on directors of Capital…
Nigeria’s Tax Harmonisation Plan to Curb Food Inflation, Boost Agricultural Transport
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state governors to harmonise transportation…
European Markets Dip as U.S. Strikes Iran and Strait of Hormuz Closure Looms
Market Reactions to Middle East Escalation:European markets opened the week in the red as geopolitical tensions surged following the U.S.…
Domestic Investors Dominate NGX with N3.4tn in Trades Amid Rising Confidence
Domestic investors have emerged as the dominant force on the Nigerian Exchange Limited (NGX), driving a total of N3.41 trillion…
Naira Strengthens Amid CBN Intervention, FPI Inflows and Eased Inflation
The Nigerian naira appreciated slightly at the official foreign exchange window in the past week, moving to ₦1,547/$ from ₦1,549/$,…
Europe Pushes for Digital Sovereignty Amid U.S. Tech Dominance and Trump’s Second Term
As Donald Trump begins his second term as U.S. president, a growing number of Europeans are turning away from American…
Oil Prices Could Soar to $150 as Iran Approves Strait of Hormuz Closure Amid Rising Tensions
In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but essential…
Offshore Investors Fuel Nigeria’s Bond Market Rally Ahead of DMO Auction
Foreign Portfolio Investors (FPIs) significantly increased their interest in Nigeria’s fixed income instruments last week ahead of the June 24…