FX Liquidity Boost: Nigerian Banks Resume Naira Payments for Foreign School Fees and Medical Bills
Nigerian banks have resumed accepting naira card payments for international tuition fees and medical bills, following a period of suspension…
Day: July 30, 2025
ECB Warns China-U.S. Trade Rift Could Lower Euro Zone Inflation Below Target
A European Central Bank (ECB) blog post has warned that if China diverts its exports away from the United States…
Fintech Dominates Africa’s Startup Funding in H1 2025, Securing 45% Share
Africa’s fintech sector asserted its dominance once again in the first half of 2025, capturing 45% of all disclosed startup…
Yahoo Mail introduces $1.99/month 100GB plan
Yahoo Mail has announced a significant change to its storage policy, reducing the free email storage allowance from its previous…
Naira Strengthens Amid Forex Oversupply and Security Clampdown — CBN Policies, Investor Confidence Drive Stability
Currency traders have cited a significant oversupply of dollars in the Nigerian forex market, combined with the efforts of security…
Nigeria’s Industrial Sector Shrinks Despite GDP Growth: MAN Urges Manufacturing Focus
Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in Q1 2025, according to the National Bureau of Statistics (NBS), signaling…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for Downstream Oil Trading
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital marketplace tailored to streamline downstream petroleum…
Investor Confidence and High Yields Drive N4.67 Trillion in FGN Bond Subscriptions in 2025
In the first seven months of 2025, the Federal Government of Nigeria (FGN) bonds drew an impressive N4.67 trillion in…
Federal Reserve Holds Steady on Rates as Internal Divisions and Political Pressure Mount
The Federal Reserve is expected to maintain current interest rates following its meeting this week, echoing the stance taken in…
Google to Sign EU’s Voluntary AI Code Despite Concerns Over Innovation Risks
Alphabet-owned Google has agreed to sign the European Union’s new voluntary AI Code of Practice, a framework aimed at helping…
IMF Raises Nigeria’s 2025 GDP Growth Forecast to 3.4%, Calls for Urgent Reforms in Sub-Saharan Africa
The International Monetary Fund (IMF) has revised Nigeria’s 2025 GDP growth projection upwards to 3.4%, a 0.4 percentage point increase…
Cedi Surges 40.7% Against Dollar in 2025, Driven by Strong Fundamentals and Investor Confidence
The Ghanaian cedi has posted a remarkable recovery in 2025, appreciating by 40.7% against the US dollar within the first…
Nigeria’s AI Future at a Crossroads: Experts Urge Swift Regulation to Unlock Prosperity
As Nigeria rapidly embraces Artificial Intelligence (AI), particularly generative models, experts warn that the country risks falling behind in safety…
NCC Leads Push for MVNO Sustainability in Nigeria’s Telecom Sector
The Nigerian Communications Commission (NCC) is taking a leadership role in promoting the sustainable growth of Mobile Virtual Network Operators…
Italy Investigates Meta Over AI Tool Integration in WhatsApp
Italy’s antitrust authority has launched a formal investigation into Meta Platforms Inc. over its integration of an artificial intelligence assistant…
Asian Markets Waver Ahead of Fed Decision and U.S. Tariff Deadline
Asian markets were mixed on Wednesday as investors digested the lack of progress in U.S.-China trade negotiations and prepared for…
Bank of Ghana Cracks Down on Forex Violations: Banks and MTOs Face Licence Revocation Over Non-Compliance
The Bank of Ghana (BoG) has issued a stern warning to financial institutions, threatening to revoke the licenses of those…
Nigeria to Monitor N25m+ Transactions Monthly from 2026 Under New Tax Law
Starting January 2026, banks and other financial institutions in Nigeria will be required to report monthly transactions exceeding ₦25 million…
African Fintechs Dominate H1 2025 Start-Up Funding, Attracting $640M – Fintech Leads with 45% Share
In the first half of 2025, African fintech startups led the continent’s start-up funding landscape, securing approximately $640 million and…
FCMB Sees Strong Growth as Earnings Hit N529.2bn in H1
FCMB Group Plc has reported strong financial results for the first half of 2025, with gross earnings rising by 41.3%…