Record N4.2tn FAAC Allocation: Economic Lifeline or Inflationary Time Bomb?
Nigeria’s Federation Account Allocation Committee (FAAC) disbursed a record N1.82 trillion in June, bringing the three-month windfall to N4.2 trillion…
Day: July 25, 2025
Asian Stocks Slip, Dollar Rises Ahead of Tariff Deadline and Global Central Bank Decisions
Asian stock markets eased on Friday as investors took profits after recent gains, with Japan’s market retreating slightly from record…
Intel’s Chipmaking Future Hinges on Securing Key Customers for Next-Gen 14A Technology
Intel has issued a stark warning to investors: without securing large external customers for its next-generation chip manufacturing process known…
China’s Tech Giants and Startups Showcase AI Innovations Amid U.S. Sanctions
Over 800 tech firms, ranging from industry giants like Huawei and Alibaba to rising startups, are set to gather in…
Nigerian Stock Market Gains N69bn Amid Mixed Investor Sentiment
The Nigerian stock market continued its bullish trend during midweek trading, with a total gain of ₦69 billion in market capitalization.…
SIGA to Revamp Performance Contracts in Line with Ghana’s 24-Hour Economy Drive
The State Interests and Governance Authority (SIGA) has announced plans to revise performance contracts for state-owned enterprises to align with…
World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access
The World Bank has announced a major partnership with the Nigerian government to roll out a nationwide 90,000-kilometer fiber optic…
FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global Competitiveness
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly advocated for sustainable…
Nigeria’s Trade Slows Amid Rising Costs, Weak Demand
Nigeria’s trade sector experienced a marginal decline in its contribution to GDP in the first quarter of 2025, despite recording…