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…
Month: July 2025
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%…
Nigerian Stock Market Hits 18-Day Bull Run as NGX Rallies Past ₦85 Trillion — Investors Flock to Equities Amid Strong Earnings
The Nigerian equity market is experiencing an extraordinary bullish streak, notching up 18 consecutive days of gains, a feat last…
IMF Maintains Nigeria’s 2025 GDP Growth at 3.4% Despite GDP Rebasing
The International Monetary Fund (IMF) has upheld its growth projection for Nigeria’s economy in 2025, maintaining a 3.4 percent expansion…
FG Records Strong Investor Appetite in July Bond Auction, Allots N185.9 Billion Amid Yield Decline
The Federal Government of Nigeria, through the Debt Management Office (DMO), successfully raised N185.9 billion in its July 2025 bond…
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPC, Marketers Amid Industry Speculation
Dangote Petroleum Refinery and Petrochemicals has abruptly withdrawn its ₦100 billion lawsuit against several key industry players including the Nigerian…
Meta’s Bold Superintelligence Gamble Faces Profit Pressure Amid AI Spending Surge
Meta Platforms is facing heightened scrutiny as CEO Mark Zuckerberg doubles down on a high-risk, high-cost bet to lead the…
Manufacturers Urge CBN to Cut Interest Rates Amid Inflation Crisis
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to cut interest rates, arguing that…
CBN Holds Interest Rates Steady Amid Inflation Pressures, Eyes Economic Stability
The Central Bank of Nigeria (CBN), in a decisive move during its July 2025 Monetary Policy Committee (MPC) meeting, voted…
Fitch: U.S. Tariffs Won’t Prompt Immediate EU Rating Cuts but May Worsen Economic Strain
Global ratings agency Fitch has stated that the recent sharp hike in U.S. tariffs on European Union (EU) imports will…
Japan–US Trade Deal Lowers Tariff Pressure but Economic Risks Persist, Cabinet Report Warns
Japan announced that its newly signed trade agreement with the United States has eased some of the uncertainty surrounding American…
Cybercriminals Exploit Google Forms in Sophisticated Crypto Phishing Scam — Kaspersky Warns
Cybercriminals have begun using Google Forms, a trusted Google tool, to launch an elaborate phishing scheme aimed at cryptocurrency holders,…
CBN Rate Hold Spurs Four Smart Investment Strategies: Experts Advise on Fixed Income, Equities, and Eurobonds
The Central Bank of Nigeria (CBN) has decided to maintain its benchmark interest rate at 27.5 percent, a move anticipated…
NGX Gains ₦400bn as Investor Optimism Boosts Trading Activity
The Nigerian Exchange Limited (NGX) kicked off the trading week on a bullish trajectory, gaining ₦400 billion in market capitalisation…
Treasury Yields Climb as Investors Await Fed Decision and Inflation Data
U.S. Treasury yields edged higher on Monday as investors braced for a busy economic week headlined by the Federal Reserve’s…
Nigeria’s Agriculture GDP Share Rises to 27.8% in Q1 2025 Despite Sector Challenges
Nigeria’s agricultural sector recorded a notable increase in its GDP share to 27.8% in Q1 2025, according to new data…
Nigeria Enacts New Law Mandating Banks to Report Transactions Over N25m Monthly — NTAA 2026
Beginning January 2026, Nigerian banks, insurance companies, and financial institutions will be required to report monthly transactions exceeding ₦25 million…
GNCCI Urges BoG to Cut Policy Rate by 3% to Boost Private Sector Growth-Ghana
The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the Bank of Ghana (BoG) to reduce the…
Microsoft Unveils AI-Powered “Copilot Mode” in Edge Browser to Rival Google and OpenAI
Microsoft has officially launched a new AI-driven feature called “Copilot Mode” in its Edge browser, aiming to enhance user experience…
AI Data Labeling Startup Micro1 Eyes $500M Valuation in Series A Fundraising
Micro1, a rising competitor to Scale AI, is reportedly nearing completion of a Series A funding round that would value…
NGX Market Capitalisation Surges to ₦85.5tn on Investor Optimism and Strong Q2 Earnings
The Nigerian Exchange Limited (NGX) experienced significant growth in the first half of 2025, with its market capitalisation rising by…
Chams Corporation Reports 42% Revenue Surge and Strategic Restructuring for Fintech Growth
Chams Holding Company PLC announced a 42% increase in revenue, reaching ₦14.93 billion for the financial year ended 2024. The…