Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel…
Day: July 3, 2025
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and Industrialisation
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities…
Wall Street Awaits Payrolls Report as U.S. Stock Futures Hold Steady
U.S. stock index futures were mostly flat on Thursday as investors braced for the release of the monthly nonfarm payrolls…
IMF Urges Fiscal Discipline to Bolster CBN’s Inflation Fight and Support Naira Stability
The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s (CBN) stringent monetary policy, stating that tighter fiscal…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and…
Global Stocks Hit Record Highs Ahead of U.S. Jobs Data; UK Bonds Stabilize After Turmoil
Global stock markets surged to record highs on Thursday, buoyed by optimism ahead of the closely watched U.S. payrolls report…
Treasury Yields Dip Ahead of June Jobs Report as Markets Watch Trump’s Spending Bill
U.S. Treasury yields edged lower on Thursday morning as investors awaited the release of the June nonfarm payrolls report, a…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service…
Telcos Blame NIMC Migration for SIM Service Disruptions, Apologize to Subscribers
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions in SIM-related services across the country,…
Experts Call for Unified Cybersecurity Strategy to Combat Rising Threats in Nigeria
In response to increasing cyberattacks threatening Nigeria’s economy and digital infrastructure, ICT experts at the 2025 Cybersecurity Forum in Abuja…
AI and Blockchain Join Forces to Solve Each Other’s Limitations, Ushering in a New Digital Era
The rise of artificial intelligence (AI), particularly large language models (LLMs), and blockchain once seemed like two parallel revolutions. AI…
Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off approximately 50 percent…
Trump Invites Five African Leaders for Trade Talks, Snubs Nigeria
US President Donald Trump is set to host the presidents of five African nations—Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal—at the…
IMF Urges Nigeria to Rework 2025 Budget Amid Oil Price, Inflation Concerns
The International Monetary Fund (IMF) has advised the Nigerian government to revise its proposed 2025 budget of N54.99 trillion, citing…
OpenAI Denies Partnership with Robinhood Over Stock Token Giveaway
OpenAI has clarified that it has no affiliation with Robinhood’s recent stock token promotion involving its brand. Earlier this week,…
Microsoft to Lay Off 4% of Workforce as AI Investments Pressure Margins
Microsoft has announced it will cut nearly 4% of its global workforce, equating to roughly 9,000 jobs, as it looks…
Investors Brace for Volatile Weeks as Global Risk Events Loom
Global investors are preparing for a period of heightened market volatility triggered by a series of unpredictable political and economic…
Nigeria Calls for Overhaul of Global Financial System to Support Developing Nations
At the 4th International Conference on Financing for Development (FFD4) held in Sevilla, Spain, Nigeria’s Minister of Finance and Coordinating…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market capitalisation, thanks to heightened investor…
Nigeria’s ISP Market Shrinks as Economic Crunch Drives Consumers to Mobile Internet
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users relying on Internet Service…