Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge
For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing the…
Month: July 2025
Telecom Operators Set to Earn $21 Billion by 2030 from AI Sovereignty Push
Telecom operators around the world are poised to earn over $21 billion in revenue by 2030 through the provision of…
Neuralink Projects $1 Billion Annual Revenue by 2031, Targets 20,000 Brain Implants per Year
Elon Musk’s brain-interface company, Neuralink Corp., is projecting over $1 billion in annual revenue by 2031 through the implantation of…
Trump’s ‘Anti-Woke AI’ Order Sparks Debate on Free Speech, Bias, and the Future of U.S. Tech Policy
President Donald Trump has signed an executive order banning AI technologies deemed “woke” or lacking ideological neutrality from use in…
Nigerian Stock Market Inches Higher as Nestle, 29 Stocks Lift NGX Index by 0.08%
Equities on the Nigerian Exchange Limited (NGX) extended their upward momentum on Wednesday, July 24, 2025, with the All-Share Index…
SEC Embraces Quantum and Blockchain to Transform Nigeria’s Capital Market
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging cutting-edge technologies…
UK Businesses Target Africa for Strategic Growth Amid Digital Boom and Market Reforms
A new study by Strategy Management Partners has revealed that Africa is becoming a top priority for UK-based companies looking…
10-Year Treasury Yields Inch Up as Trump Visits Fed, Heightening Rate-Cut Pressure
The yield on the 10-year U.S. Treasury ticked up slightly early Thursday, rising 1 basis point to 4.4%, as financial…
Nigeria’s Economy Rebounds: Edun Hails Rebasing and Q1 2025 GDP Growth as Signs of Inclusive Takeoff
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has praised the rebased Gross Domestic Product…
AI-Powered Advertising Set to Drive $3.5 Trillion Boom in Global Media Industry by 2029 – PwC Report
Artificial intelligence is emerging as a major growth engine for the global entertainment and media industry, with revenue projected to…
Nigerian Banks Close 29.4 Million Accounts Amid NIN-BVN Compliance Push; 33 Million Now Inactive
As of March 2025, Nigerian commercial banks recorded 29.4 million closed bank accounts, reflecting an aggressive cleanup of questionable accounts…
Asian Markets Surge as Trade Optimism and Corporate Earnings Boost Confidence
Asian stocks rallied on Thursday as growing optimism surrounding trade agreements and strong corporate earnings lifted investor confidence across global…
Microsoft Warns SharePoint Hackers Now Deploying Ransomware Amid Widening U.S. Agency Breaches
A Microsoft blog post released on Wednesday revealed that a hacker group identified as “Storm-2603” has begun using a previously…
11 Nigerian Banks Breach CBN Bad Loan Threshold Amid Risk Reclassification
At least 11 commercial banks in Nigeria surpassed the Central Bank of Nigeria’s (CBN) regulatory ceiling of five percent for…
Dangote Refinery Drives Record U.S. Crude Oil Exports to Nigeria
For the first time in history, the United States became a net exporter of crude oil to Nigeria in February…
Nigeria’s Financial System Stable, Reforms Here to Stay — CBN Governor Cardoso Reassures Investors
Reassurance Amid Global Uncertainty:Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has affirmed the stability and resilience of…
Naira Could Strengthen to ₦1,400/$ by Year-End Amid Eurobond Hopes, Oil Rally, and FX Reforms
Nigeria’s currency, the naira, is projected to appreciate to ₦1,400 per dollar in the second half of 2025, according to…
NGX Ends Flat Despite N67bn Market Cap Gain as Trading Volume Slumps
The Nigerian Exchange Limited (NGX) wrapped up Wednesday’s trading session on a muted note, recording a modest gain of N67bn…
Nigeria’s Fintech Week Goes Nationwide: Expanding Innovation Beyond Lagos
The Fintech Association of Nigeria (FinTechNGR) is set to take its flagship event, the Nigerian Fintech Week, beyond Lagos for…
Nigeria’s ICT Sector Fuels Economic Growth with 7.4% Surge in Q1 2025
Nigeria’s Information and Communication Technology (ICT) sector has continued to drive the nation’s economic performance, contributing 10.59% to the country’s…
Global Cyber Attacks Surge 21% in Q2 2025, Education Sector Most Targeted
Global cyber attacks soared by 21% in the second quarter of 2025 compared to the same period in 2024, according…
Nigeria Needs 7% Annual Growth to Lift Poor, Says Finance Minister
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the country must sustain a minimum…
African Sovereign Wealth Funds Rise as Pillars of Infrastructure and Economic Stability — NSIA CEO
Sovereign wealth funds (SWFs) across Africa are emerging as powerful tools for capital mobilisation, strategic investments, and long-term economic resilience,…
Ghana’s Mining Chamber Urges Government to Cut Growth and Sustainability Levy to 1%
In anticipation of Ghana’s upcoming mid-year budget review, the Ghana Chamber of Mines is advocating for a reduction in the…
Microsoft Under Fire After Incomplete SharePoint Patch Enables Global Cyber Espionage
Microsoft is facing scrutiny after a critical security patch issued for its SharePoint server software failed to fully address a…
Japan Confirms Forex Excluded from US Trade Deal, Eases Yen Pressure Concerns
Japanese Finance Minister Katsunobu Kato announced that the recent bilateral trade agreement between Japan and the United States does not…
Global Stocks Rally as U.S.-Japan Auto Trade Deal Sparks Market Optimism
Global stock markets surged following a breakthrough trade agreement between the United States and Japan, which saw reduced tariffs on…
Nigeria’s ICT Sector Surges 31.63% in Q1 2025, Driven by Broadband, Mobile Growth, and Digital Content Boom
Nigeria’s Information and Communications Technology (ICT) sector posted a significant 31.63% year-on-year nominal GDP growth in Q1 2025, a sharp…
Dangote Refinery Imports 10 Million Barrels of Crude Monthly Amid High Costs, Calls for African Refining Revolution
Aliko Dangote, President/CEO of Dangote Industries, revealed that the Dangote Refinery imports between 9 to 10 million barrels of crude…
Stock Market Soars as Investors Push NGX Up by ₦396 Billion Amid Bullish Sentiment
The Nigerian stock market maintained its bullish momentum on Tuesday, July 22, 2025, adding ₦396 billion in market capitalisation as…