Telcos Resume SIM Swap Services After NIMC Platform Disruption — MTN, Airtel Confirm Full Restoration
Telecommunications companies in Nigeria have resumed SIM swap services after a disruption that left millions of subscribers unable to access…
Month: July 2025
Microsoft SharePoint Vulnerability Exposes 10,000+ Global Organizations to Cyberattacks
A critical vulnerability in Microsoft’s SharePoint server software has triggered global cybersecurity alarms, exposing thousands of organizations to potential system…
Crypto Stocks Surge as Trump Signs Stablecoin Regulation Law — Ethereum, Solana Lead Market Rally
Shares of crypto-linked companies surged on Monday following President Donald Trump’s signing of the GENIUS Act, a landmark bill that…
Yen Holds Steady as Japan Navigates Political Shake-Up, Global Markets Eye Trade Tensions and Tech Earnings
Japan’s financial markets showed only mild reactions following a political shift in the country’s upper house elections. Despite the ruling…
Nigeria’s FX Reserves Climb $422m as CBN Boosts Market Intervention and Investor Confidence
Nigeria’s foreign exchange (FX) reserves grew by $422.16 million last week, bringing the total to $37.85 billion as of July…
Nigerian Mutual Funds Surge by ₦1.99 Trillion in H1 2025, Driven by Money Market Investments
In the first half of 2025, Nigeria’s mutual fund industry experienced impressive growth, recording a net inflow of ₦1.99 trillion.…
China Holds Lending Rates Steady Amid Slowing Growth and Weak Consumer Demand
China’s central bank, the People’s Bank of China (PBOC), maintained its key lending rates on Monday, keeping the 1-year loan…
Bank of Ghana Assures Traders of Forex Availability Amid Access Complaints
The Bank of Ghana (BoG) has responded to growing concerns within the business sector, particularly from the Ghana Union of…
Markets Steady Despite Japanese Political Unrest; Tech Earnings and Central Banks in Focus
Global financial markets remained stable on Monday despite political uncertainty in Japan, where the ruling coalition lost control of the…
Microsoft Warns of Zero-Day Cyberattacks on SharePoint Servers Affecting Governments, Businesses
Microsoft has issued an urgent alert about “active attacks” targeting its SharePoint server software, which is widely used by government…
Nigerian Equities Set to Sustain Gains Amid Strong Half-Year Earnings Expectations
The Nigerian equities market is poised to maintain its bullish trajectory, bolstered by heightened investor expectations for robust half-year (H1)…
SEC to Launch USSD Code for Verifying Capital Market Operators to Combat Ponzi Schemes
The Securities and Exchange Commission (SEC) of Nigeria has announced plans to launch a USSD code system designed to help…
Nigerian Stock Market Surges: Investors Gain N6.9 Trillion in 10-Day Bull Run
The Nigerian equities market has witnessed an extraordinary 10-day winning streak, during which investors collectively gained N6.902 trillion. This surge…
CBN Recapitalisation Sparks N500bn Surge in Bank Stocks on NGX
Investor activity in Nigeria’s stock market soared last week, especially within the banking sector, following the Central Bank of Nigeria’s…
Cardoso Warns of Inflation Spike Amid Record FAAC Liquidity Surge
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has raised an alarm over the surge in banking…
FCMB Partners TEHC on $40M Louisville Project to Redefine Urban Living in Lagos’ Eko Atlantic
First City Monument Bank (FCMB) has announced a $40 million loan facility to finance the Louisville Phase 1 residential tower,…
Nigerian Stock Market Hits N82.41trn as BUA, Dangote Cement Lead 1.02% Rally
The Nigerian Exchange (NGX) maintained its bullish trend on Thursday, July 17, 2025, with the All-Share Index (ASI) climbing 1.02%…
FGN Savings Bonds Attract N4.27bn in July Amid Lower Interest Rates
The Debt Management Office (DMO) has successfully raised N4.27 billion through the Federal Government of Nigeria (FGN) Savings Bonds for…
NCC Unveils New Licensing Framework to Boost Innovation as Broadband Penetration Hits 49%
The Nigerian Communications Commission (NCC) has introduced a new draft General Authorisation Framework (GAF) aimed at accommodating emerging technologies and accelerating innovation…
Digital Disconnect: Report Reveals Nigerian Ministers’ Poor Social Media Presence
A new report by UK-based communications firm Column has exposed a significant shortfall in the digital engagement of Nigeria’s cabinet…
Wall Street Rises Slightly as Strong Retail Sales and PepsiCo Earnings Boost Market Sentiment
Wall Street posted modest gains on Thursday as encouraging retail sales data and strong earnings from key companies helped buoy…
Meta Superintelligence Labs Lures Top AI Talent from Rivals in Aggressive Silicon Valley Push
Meta CEO Mark Zuckerberg has intensified the AI arms race by launching Meta Superintelligence Labs, a new division formed with…
NGX Raises Over N4.63 Trillion in H1 2025 as Investor Confidence Surges
In the first half of 2025, the Nigerian Exchange (NGX) raised over N4.63 trillion through corporate and sovereign instruments, marking…
Increase in import volume affecting Nigeria’s currency — Prof Opara
Professor Kennedy Opara, former Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC) and current Chairman of CSSP Farm, has…
NCC, MTN, Others Back Titans of Tech 2025 to Drive ICT Innovation in Nigeria
The Nigerian Communications Commission (NCC), MTN Nigeria, and several key players in the ICT industry have pledged their support for…
European Markets Fall as Trump-Powell Tensions Rattle Global Investors
European stocks closed lower on Wednesday following rising political tension in the U.S., where a White House official claimed President…
Experts Raise Alarm Over Nigeria’s Heavy Dependence on China for Imports
Nigeria’s growing reliance on China as its primary import partner has triggered concern among financial analysts and economists. Speaking at…
How Fintech Infrastructure is Revolutionizing the Modern Trading Industry
The evolution of fintech infrastructure has played a crucial role in transforming the modern trading industry. While the term “fintech”…
Ghana’s Producer Price Inflation Drops to 5.9% in June — Lowest Since November 2023
Ghana’s Producer Price Inflation (PPI) dropped sharply to 5.9% in June 2025, its lowest level since November 2023, according to…
Stocks Steady as Investors Eye Tech Earnings and Fed Uncertainty
Global markets remained steady on Thursday as investors awaited key earnings reports from major technology firms such as TSMC and…