SEC Ban on Dual Director Roles Wins Stakeholder Support Amid Corporate Governance Push
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive banning Independent Non-Executive Directors (INEDs) from assuming…
Month: June 2025
Global Equity Funds See Largest Outflows in Three Months Amid Middle East Tensions, U.S. Trade Uncertainty
Global equity funds experienced significant withdrawals totaling $19.82 billion in the week ending June 18, marking the largest outflow in three months, according…
Nigeria Leads Global Stablecoin Adoption in 2025, Second in Overall Digital Asset Use — Yellow Card Report
Nigeria has emerged as the global leader in stablecoin adoption, according to the newly released 2025 Report on the State of…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
NCC Vows to Expose and Prosecute Telecom Vandals Under New Infrastructure Protection Order
The Nigerian Communications Commission (NCC) has announced its intention to collaborate more closely with security agencies to arrest and prosecute…
REA and FCMB Launch ₦100 Billion Renewable Energy Fund to Power Two Million Nigerian Homes
In a strategic move to expand electricity access across Nigeria, the Rural Electrification Agency (REA) and First City Monument Bank…
Breaking: Tinubu Sets Up High-Level Peace Committee to Tackle Benue Killings
In response to a deadly attack that claimed around 200 lives in Yelewata community, Guma Local Government Area of Benue…
US Recovers $225M in Largest-Ever Crypto Scam Bust | Crypto Fraud, Blockchain, FBI
The United States government announced on Wednesday, June 19, 2025, that it has successfully recovered $225 million in what is…
CBN’s 50% CRR Policy Sparks Liquidity Crisis, Threatens Nigeria’s $1tn Economic Goal
Nigeria’s banking sector is facing a serious liquidity challenge following the Central Bank of Nigeria’s (CBN) decision to impose a…
Global investment decline may worsen due to tariffs, UN trade agency warns
Global foreign direct investment (FDI) declined for the second year in a row in 2024, and projections for 2025 indicate…
Bitcoin Stagnates Amid Hawkish Fed Stance and Israel-Iran Conflict
Bitcoin remained in a tight consolidation range on Thursday, trading around $105,200, as rising geopolitical tensions between Israel and Iran…
Dangote Refinery Set to Export First Petrol Cargo to Asia, Signaling Global Expansion
The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export beyond Africa, with a…
NIBSS Launches ISO 20022-Compliant National Payment Stack to Revolutionize Digital Payments in Nigeria and Africa
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an advanced payment infrastructure built on…
China Likely to Hold Lending Rates Steady Amid Trade Truce and Recent Easing Measures
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following significant monetary easing measures…
EU Court Adviser Backs €4.1 Billion Antitrust Fine Against Google Over Android Dominance
Alphabet’s Google is facing a significant legal challenge in Europe as a top adviser to the European Union’s highest court…
Geopolitical Tensions and Central Bank Decisions Keep Global Markets on Edge
Global financial markets remain cautious as geopolitical uncertainty surrounding potential U.S. military action in the Middle East collides with a…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial Records
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to explain discrepancies totaling…
Experts Urge African Organisations to Embrace Digital Transformation for Economic Growth
Organisations and government agencies across Africa have been strongly encouraged to prioritise digital transformation as a critical strategy for innovation,…
Nigerian Stock Market Rebounds as Access, FCMB, and Fidelity Bank Assure CBN Compliance
The Nigerian stock market saw a significant rebound after major banks including Access Holdings, FCMB Group, and Fidelity Bank reassured…
CBN Halts Banks’ Foreign Investments, Dividends & Bonuses Amid Market Activity Surge
In a directive issued on June 13, 2025, the Central Bank of Nigeria (CBN) announced a temporary suspension on dividend…
FAAC Distributes N1.65 Trillion in May Amid Boost in VAT and Oil Derivation Funds
In May 2025, the Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to Nigeria’s federal, state, and local governments. This…
Japan Cuts Super-Long Bond Sales by 10% to Stabilize Market Amid Rising Yields
In a significant shift to its fiscal strategy, the Japanese government plans to cut sales of its super-long bonds by…
Fed Holds Rates, Warns of Inflation and Slower Growth Amid Global Tensions
The U.S. Federal Reserve has decided to keep interest rates steady between 4.25% and 4.5%, maintaining its position since December…
Apple Explores Generative AI to Accelerate Custom Chip Design, Says Tech Chief
Apple is exploring the use of generative artificial intelligence to enhance the design process of its custom chips, according to…
Ghana’s Producer Inflation Falls to 10.2% in May 2025: Lowest Since 2023 Amid Sector-Wide Deflation
Ghana’s producer price inflation (PPI) dropped sharply to 10.2% in May 2025 from 18.5% in April, marking the lowest rate…
Nigerian Power Sector and Government Lag Behind in Digital Resilience, NESG Warns
At a biennial lecture in Lagos organized by the Chartered Institute of Directors, the CEO of the Nigerian Economic Summit…
Equity Market Soars as Oil, Insurance Stocks Drive N1.18tn Rally
The Nigerian Exchange (NGX) witnessed a robust performance on Wednesday, marking a major rebound with the market capitalisation surging by…
Intel Bolsters Leadership with Key Engineering Hires Under CEO Tan’s Turnaround Strategy
Intel has announced the hiring of three prominent executives from the chip industry as part of CEO Lip-Bu Tan’s ongoing…
CBN Introduces Targeted Measures for Select Banks Amid Sector Reform
The Central Bank of Nigeria (CBN) has issued new transitional guidelines targeted at a select number of banks as part…
Corporate Stablecoin Adoption Set to Surge as U.S. Senate Approves Regulatory Framework
The U.S. Senate has passed a bill that could significantly shape the future of stablecoins, marking a major milestone in…