Nigerian All-Share Index Soars Past 128,000 Points as Investors Gain N1.44 Trillion
The Nigerian equities market recorded a significant surge as the All-Share Index (ASI) climbed above the 128,000-point mark, closing at…
Month: July 2025
Nigeria’s Eurobonds Lead Africa in H1 2025 as Reforms Boost Investor Confidence
In the first half of 2025, Nigeria’s Eurobonds outperformed those of other African nations, recording the sharpest decline in yields—a…
Mobile-Phone Technology Fuels Financial Inclusion Boom in Nigeria and Developing Countries – World Bank
A new report by the World Bank Group has revealed a significant surge in financial account usage and formal savings…
Nigeria’s Inflation Rate Eases to 22.22% in June 2025 Amid Food Price Adjustments
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate to 22.22% in June 2025,…
Meta Battles $32.8M NDPC Fine in Nigeria Over Data Privacy Violations
Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a major legal challenge in Nigeria over a…
US House Advances Crypto Regulation Bills as Trump Steps In — Major Milestone for Digital Asset Industry
In a landmark move for the digital asset industry, the Republican-led U.S. House of Representatives cleared procedural obstacles on Wednesday…
Naira Strengthens to ₦1,537/$ on Black Market, FX Gap Narrows to ₦7
The Nigerian naira appreciated further in the parallel (black) market on Wednesday, strengthening to ₦1,537 per US dollar. This marks…
Fitch Expects BoG to Hold Policy Rate at 28% Amid Easing Inflation, Eyes Potential Cuts by September-GHANA
Fitch Solutions anticipates that the Bank of Ghana (BoG) will maintain its benchmark policy rate at 28% during an emergency…
CBN Injects $4.1bn to Stabilise Naira Amid Reserves Decline, Analysts Warn of Sustainability Risks
In the first half of 2025, the Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange market,…
Dangote Warns Africa Is Becoming Dumping Ground for Substandard Fuel
Aliko Dangote, President of Dangote Industries Limited, has expressed grave concern over Africa’s increasing reliance on imported petroleum products, warning…
Meta Lures Two More OpenAI Scientists as AGI Talent War Escalates
Meta has intensified its aggressive AI talent acquisition strategy by securing two more top researchers from OpenAI, Jason Wei and…
AI Coding Tools Shift to the Terminal: The Rise of Agentic Development in Software Engineering
AI-powered coding tools are undergoing a significant transition — moving away from traditional integrated development environments (IDEs) like Cursor, Windsurf,…
UK Eases Trade Rules to Boost Nigerian Exports, Strengthen Africa-UK Relations
In a major move to foster economic collaboration with African nations, the United Kingdom has introduced far-reaching trade reforms aimed…
Renault Shake-Up, European Stocks Drop Amid U.S. Inflation and Trade Tensions
French carmaker Renault has appointed Duncan Minto as interim CEO following the unexpected resignation of Luca de Meo last month.…
Nigerian Stock Market Hits N127tr Capitalisation as Reforms, Investor Confidence Fuel Growth
The Nigerian capital market achieved a significant milestone in the first half of 2025, with total market capitalisation rising by…
Meta Deletes 10 Million Fake Profiles to Boost Authenticity Across Platforms
In a significant crackdown on inauthentic behavior, Meta, the parent company of Facebook, Instagram, and Threads, announced it removed over…
European Stocks Waver as U.S. Inflation and Tariff Concerns Rattle Markets
European stock markets opened mixed on Wednesday as investors digested fresh U.S. inflation data and braced for additional reports that…
Australian AI Startup Greenroom Robotics Secures AUKUS Exemption to Expand Autonomous Naval Tech
An Australian artificial intelligence startup, Greenroom Robotics, has received a landmark AUKUS exemption licence from the Australian government, marking a…
Dangote Disputes Nigeria’s Petrol Consumption Figures, Cites Corruption in Subsidy Era
A major dispute has emerged between Nigeria’s top industrialist Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority…
Global Banks Under Fire for $385 Billion Coal Financing as Environmental Alarm Grows
A new report by German nonprofit Urgewald reveals that global banks have provided over $385 billion in financing to the…
IMF Urges Ghana to Reform Bank Resolution Laws After Court Blocks Central Bank Actions
The International Monetary Fund (IMF) has expressed serious concerns over recent court decisions in Ghana that reversed actions by the…
Naira Hits 4-Month High at N1,518/$ as CBN Interventions and Oil Output Boost Confidence
The Nigerian naira rallied to its strongest level since March, closing at N1,518 per dollar on the official foreign exchange…
Nigerian Stock Market Opens Week Bullish, Hits N80 Trillion Market Cap
The Nigerian equities market kicked off the new trading week on a strong positive note, with the overall market capitalisation…
London and Lagos Forge Global Tech Alliance to Drive Innovation and Investment
In a landmark move to strengthen technological innovation and cross-border collaboration, the Lagos State Government and the City of London…
Google Signs $3 Billion Hydropower Deal with Brookfield in Landmark Clean Energy Push
In a groundbreaking move for clean energy adoption, Google has entered a $3 billion agreement with Brookfield Asset Management to…
Tariff Pressures Rattle Markets as U.S. Inflation Data Clouds Fed Rate Outlook
U.S. consumer price data released on Tuesday showed signs that tariff-related inflation is starting to take hold, sending Wall Street’s…
Asian Markets Dip as Dollar Rises on Diminished Fed Rate Cut Hopes Amid Inflation Fears
Asian stock markets faced pressure on Wednesday following signs of rising U.S. inflation linked to fresh tariffs, which weakened expectations…
Nigerian Outsourcing Sector Embraces AI for Global Competitiveness
The Nigerian outsourcing industry is undergoing a significant transformation with the integration of artificial intelligence (AI) to improve service delivery…
Finance Minister Defends Tinubu’s Economic Reforms as Tough but Essential for Recovery
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has come out in strong defense of President…
Crypto Crackdown or Come-Up? New Nigerian Regulations Could Make or Break Industry Players
Nigeria’s newly updated Investment and Securities Act (ISA) of 2025 officially recognizes cryptocurrencies and other virtual assets as securities, marking…