European Stocks Climb as US-EU Trade Deal Calms Markets, but Euro Slips
European markets opened the week on a positive note after a long-awaited trade deal between the United States and the…
Month: July 2025
OpenAI CEO Raises Alarm Over Lack of Legal Privacy in ChatGPT Conversations
OpenAI CEO Sam Altman has issued a stark warning that interactions with ChatGPT are not legally protected and could potentially…
Nigerian Stock Market Surges by N1.81 Trillion in One Week Amid Earnings Season and Yield Drop
The Nigerian stock market maintained its bullish run last week, appreciating by N1.81 trillion as investors responded positively to half-year…
Naira Bonds Lead Emerging Markets Rally as Tinubu’s Reforms Boost Investor Confidence
Since President Bola Tinubu took office in May 2023, Nigeria’s financial reforms have sparked a remarkable rally in the country’s…
NGX Records Sharp Decline in Trade Volume Amid Price Rally
The Nigerian equities market experienced one of its steepest drops in trading volume last week, falling nearly 79 percent to…
CBN Injects $81m into FX Market as Naira Faces Pressure, But Outlook Turns Positive
The Central Bank of Nigeria (CBN) injected $81 million into the Bureau De Change (BDC) segment of the foreign exchange…
IMF Urges Bank of Ghana to Stay the Course on High Interest Rates Amid Inflation Gains
The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to maintain a tight monetary policy stance in…
Bank of Ghana’s MPC Convenes to Set Economic Tone Amid Signs of Stability
The Bank of Ghana’s Monetary Policy Committee (MPC) kicked off its 125th regular meeting today, July 28, to assess recent…
Private Sector Urges Action on Logistics, Security, and Trade Policies as Inflation Persists
Despite a marginal decline in Nigeria’s headline inflation rate for the fourth consecutive month, private sector leaders are raising alarms…
India Stays Calm Amid U.S. Trade Deadline Pressure, Leveraging Strategic Partnerships
As the August 1 deadline for a U.S.-India trade deal approaches—after which tariffs are set to rise to 26%, India…
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the initiative as a…
Nigeria Holds Key Rate as FX Gains, Inflation Moderates, and Investor Confidence Grows
In a bid to sustain recent gains in price stability and foreign exchange (FX) market calm, the Central Bank of…
U.S. and EU Strike 15% Tariff Deal, Sidestepping Trade War
In high stakes move that prevented a looming transatlantic trade war, the U.S. and European Union reached a framework deal…
Chinese AI Firms Unite to Build Homegrown Ecosystem Amid U.S. Export Curbs
Chinese artificial intelligence companies have formed two new alliances aimed at creating a robust domestic AI ecosystem, reducing reliance on…
Stocks Rally and Euro Holds Steady Following US-EU Trade Deal Amid Key Global Economic Events
Global markets responded positively on Monday after the United States and the European Union reached a framework trade agreement that…
Fintech Experts Launch Investor‑Link Platform at NFW25
Fintech experts in Nigeria, through the Fintech Association of Nigeria (Fintech NGR), have developed a dedicated platform under the banner…
Fitch Maintains ‘Stable’ Outlook for Kogi and Oyo, Cautions on Heavy Federal Dependence
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of both Kogi and Oyo States at ‘B’ with a…
Bullish Momentum Continues on NGX as MPR Hold and Strong Q2 Earnings Boost Investor Confidence
The Nigerian stock market maintained its upward trajectory last week, fueled by the Central Bank of Nigeria’s (CBN) decision to…
Cashless Surge: Nigerians Push E-Payments to N317.2 Trillion in Q1 2025
Nigeria’s adoption of digital finance continues to surge as electronic payment transactions rose by 24% year-on-year (YoY) to ₦317.2 trillion…
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…
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…
Ghana Restores Economic Confidence in Under 200 Days – Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has declared that the government has successfully restored economic confidence within just…
Nigeria Slips to Fourth in African Startup Funding as South Africa Dominates H1 2025
South Africa emerged as Africa’s leading startup investment hub in the first half of 2025, securing $344 million in venture…