Nigeria’s Impending GDP Rebasing: A Bigger Economy, But for Whose Benefit?
The National Bureau of Statistics (NBS) is set to release Nigeria’s long-overdue rebased Gross Domestic Product (GDP) figures, updating the…
Day: July 9, 2025
India Clears Final Hurdle for Musk’s Starlink to Launch Commercial Operations
Starlink, Elon Musk’s satellite internet venture under SpaceX, has finally received the green light to commence commercial operations in India,…
Nigerian Crude Hits $72 Amid Red Sea Tensions, Dangote Pushes for 100% Local Supply
Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions following deadly Houthi attacks…
Investors Brace for First Earnings Season Under Trump Tariffs Amid Dollar Drop and Uncertainty
U.S. companies are preparing to report second-quarter earnings as markets weigh the effects of President Donald Trump’s newly launched tariff…
Nigerian Insurance Firms Project N14.1bn Q2 Profit Decline Amid FX Losses
Four Nigerian insurance firms—AXA Mansard Insurance Plc, Consolidated Hallmark Holdings Plc, Linkage Assurance Plc, and Sunu Assurance Nigeria Plc, are…
European Stocks Hold Steady as U.S. Tariffs Ignite Copper Rally
European stock markets opened slightly higher on Wednesday despite a major trade development from the United States. President Donald Trump…
Stronger Reserves to Boost Cedi Stability and Disposable Incomes, Merban Capital-GHANA
Ghana’s strengthened international reserves are expected to enhance currency stability and improve citizens’ purchasing power, according to Merban Capital’s Head…
Dangote Refinery Cuts Petrol Price Again to N820 per Litre Amid Market Stabilisation
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to…
Tinubu, Atiku’s Aides Clash Over State of Nigerian Economy
In a heated exchange over Nigeria’s economic direction, senior presidential aide Bayo Onanuga and Atiku Abubakar’s media aide Phrank Shaibu…
NCC Introduces N10m Licence for Bulk SMS Providers to Tackle Fraud and Spam
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies sending bulk international SMS, commonly…
Naira Slightly Weakens to ₦1,529/$ as Forex Demand Rises Amid Card Transaction Resumption
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at ₦1,529.22 to the dollar on…
IMF Calls on Nigeria to Deepen Inclusive Growth and Enforce Fiscal Discipline Amid Economic Strains
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce fiscal discipline, and increase domestic revenue…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude oil prices, according to…
Despite 50% Tariff Hike, Nigeria’s Internet Usage Surges 30% in 2025
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in average…
Meta Superintelligence Labs Poaches Elite AI Talent in Silicon Valley Hiring Blitz
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed at outpacing rivals like…
U.S. Treasury Yields Dip as Trump Ramps Up Tariff Tensions with 14 Nations
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade policy after President Donald…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as analysts…
Telecom Analyst Urges Unified RoW Charges, Local Equipment Production to Boost Nigeria’s Digital Future
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges across Nigeria and encourage…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input costs across…