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…
Month: July 2025
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…
House of Representatives Rejects Senate Bill, Decries Senate’s Neglect of 146 Pending House Bills
The Nigerian House of Representatives has decisively rejected a Senate bill seeking their concurrence, highlighting longstanding tensions between the two…
Ghana Optimistic Ahead of IMF Board Review, Eyes $370 Million Disbursement to Boost Economy
The Ghanaian government is cautiously optimistic about passing the International Monetary Fund’s (IMF) upcoming Executive Board review of the country’s…
Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate Domestic Obligations
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
Nigeria Pushes for Digital Sovereignty with MTN’s $150M Dabengwa Data Centre Launch
The Federal Government of Nigeria has thrown its full support behind local cloud hosting and digital infrastructure development with the…
US Consulate Celebrates 249th Independence Day in Lagos, Strengthens Economic Ties with Nigeria
In a vibrant ceremony held at the U.S. Consul General’s Residence in Lagos, the United States Consulate marked its 249th…
Gambia Embraces Nigeria’s NAICOM Framework to Bolster Insurance Regulation
A high-level delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, has adopted Nigeria’s National Insurance…
More networks, less value: Irony of Nigeria’s telecom landscape
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications Commission (NCC) since 2022, telecom…
Apple Considers Anthropic and OpenAI to Reinvent Siri with Advanced AI Integration
Apple is in advanced talks with leading artificial intelligence firms Anthropic and OpenAI to potentially integrate their large language models…
Tariffs Keep U.S. Interest Rates Elevated as Markets Adjust to Trump’s Economic Agenda
U.S. Federal Reserve Chair Jerome Powell revealed that tariffs enacted by President Donald Trump are the primary reason interest rates…
Nigeria’s Business Activity Hits 7-Month Low Amid Reforms and Inflation Struggles
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months, according to Stanbic…
Naira Strengthens as Dollar Weakens Globally Amid Economic Shifts
The Nigerian naira appreciated modestly in the official foreign exchange market, closing at N1,527 to the US dollar, up from…
Asian Stocks Dip as Trump Tariff Deadline Looms and Fed Rate Cut Outlook Uncertain
Asian stock markets faltered on Wednesday as global investors navigated a complex mix of looming U.S. tariff deadlines, ambiguous Federal…
Currency in Circulation Hits N5.01 Trillion in May as Cash Outside Banks Grows to N4.63 Trillion
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in April, according…
Interswitch’s New Campaign Showcases Fintech’s Human Impact Across Africa
Interswitch, a leading digital payments and commerce company in Africa, has launched a new Masterbrand campaign that emphasizes its behind-the-scenes…
Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite Crude Dip
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre,…
Investors Lose N150bn as NGX Opens July in the Red Amid Profit-Taking
The Nigerian Exchange Limited (NGX) began July on a bearish note, wiping off N150 billion from investors’ portfolios on Tuesday,…
Intel CEO Considers Pivot from Costly 18A Chips to Focus on Promising 14A Technology
Intel’s new CEO, Lip-Bu Tan, is considering a major shift in the company’s chip manufacturing strategy by potentially moving away…
Global Markets Hold Steady Amid Tariff Tensions and Uncertain U.S. Rate Policy
Global markets remained cautious as investors weighed developments in U.S. fiscal policy and looming trade uncertainties. Despite the U.S. Senate…
Ghanaians Face Price Surge as GRA Implements New Tax Measures
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting concerns…
Nigeria’s Economy Grows 3.7% in First Half of 2025 Amid Oil Boost and Business Expansion
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC Bank Nigeria…
Middle East Tensions Threaten Ghana’s Economic Stability – Terkper Warns
Seth Terkper, Economic Policy Advisor at the Office of the President, has issued a caution regarding the potential fallout of…
Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the…
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective July 1, 2025. Notably,…