Nigerians Endure Soaring Telecom Costs, Poor Service Amid $1 Billion Network Overhaul
Telecommunications subscribers across Nigeria are expressing growing frustration over deteriorating network quality, even as mobile operators prepare to inject $1…
Month: July 2025
Traders Maintain Bets on September Fed Rate Cut Despite June Inflation Rise
Traders are holding steady on their expectations that the Federal Reserve will begin cutting short-term interest rates by September, even…
SEC Warns Nigerians Against Fraudulent Firm Forsman & Bodenforms
The Securities and Exchange Commission (SEC) has issued a public warning about Forsman & Bodenforms Limited, stating that the company…
NACC Teams Up with Tech Summit to Boost Nigeria’s Digital Governance
The Nigerian American Chamber of Commerce (NACC) has partnered with the Nigeria eGovernment Summit 2025 to promote digital transformation in…
FCMB Empowers Over 3,000 Nigerians with Cash Prizes in Ongoing Millionaire Promo
First City Monument Bank (FCMB) has rewarded a total of 3,016 customers in the 10th season of its highly popular…
Tougher Global Immigration Rules Jeopardize Nigeria’s $1bn Diaspora Remittance Ambition
The Central Bank of Nigeria (CBN) is facing mounting challenges in its push to secure $1 billion in monthly diaspora…
US AI Startups Drive a Funding Boom Despite Venture Capital Fundraising Challenges
In the first half of 2025, funding for US startups surged by 75.6%, reaching $162.8 billion — the strongest showing…
BudgIT Ghana Rolls Out Simplified 2025 Budget to Empower Citizens and Strengthen Accountability
BudgIT Ghana has officially launched its Simplified 2025 Budget Statement, reaffirming its commitment to promoting fiscal transparency and participatory governance.…
Naira Rallies to Four-Month High at ₦1,518/$ Amid Renewed CBN Interventions
The Nigerian naira recorded its strongest performance in four months on Monday, appreciating to ₦1,518/$ on the official market. This…
Banks Bite the Bullet as N156bn Impairment Charges Hit Q1 2025 Earnings
Eight Nigerian banks posted a total of N156bn in impairment charges on credit and financial assets during Q1 2025, reflecting…
Capital Market in Focus as Stockbrokers Strategize for Nigeria’s $1 Trillion Economy Goal
Stockbrokers under the Chartered Institute of Stockbrokers (CIS) are organizing a high-level workshop to explore the capital market’s role in…
Trump’s 30% Tariff on EU Goods Shakes Markets, Fuels Economic Uncertainty
European markets opened lower on Monday after U.S. President Donald Trump unexpectedly announced a 30% tariff on all EU imports,…
NGX Raises ₦4.63 Trillion in H1 2025 as Digital Innovation Drives Market Expansion
The Nigerian Exchange Limited (NGX) facilitated capital raising worth ₦4.63 trillion in the first half of 2025, marking a significant…
Nigeria’s June Inflation Seen Easing Slightly, but Food Prices and Festive Spending Pose Risks
Financial experts anticipate a modest decline in Nigeria’s headline inflation for June 2025, following a rate of 22.97% in May.…
Markets Unmoved by Trump Tariff Threats, but Bond Investors Show Caution
European markets appeared largely indifferent to Donald Trump’s latest threat to impose 30% tariffs on EU and Mexican imports starting…
AI Reshaping PR in Nigeria, But Human Touch Remains Vital – Anietie Udoh
Artificial Intelligence (AI) is increasingly transforming the public relations (PR) industry in Nigeria, according to Anietie Udoh, Divisional Director at…
Macroeconomic Boost, Declining Fixed Income Rates Fuel Nigerian Stock Market Rally
The Nigerian stock market sustained its bullish momentum last week, buoyed by favorable macroeconomic conditions and a continued decline in…
Experts, Labour Back Dangote: Say NNPC Refineries May Never Work Again
Organized labour, petroleum marketers, and energy experts have supported Aliko Dangote’s assertion that Nigeria’s state-owned refineries under the Nigerian National…
Digital assets fraud threatens capital market integrity – SEC DG
The Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised an alarm over the increasing…
BRICS Tariff Threat: MAN Says US Action Could Spur Intra-African Trade, But Warns of Manufacturing Setback
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has weighed in on the United States’ proposed trade tariffs targeting…
Elon Musk Rejects Merger Between Tesla and xAI, Despite Investment Talks
Tesla CEO and tech billionaire Elon Musk has stated he does not support a merger between Tesla Inc. and his…
CBN Ends Capital Restoration Deadline, Banks to Adopt Stricter Lending as Recapitalisation Deepens
As the Central Bank of Nigeria’s (CBN) deadline for the Capital Restoration Plan expires today, banks are bracing for a…
Nigeria Eyes 25% Hike in OPEC Oil Quota by 2027 Amid Refinery Expansion, Says NNPC
Nigeria is preparing to formally request a 25% increase in its oil production quota from the Organisation of Petroleum Exporting…
Ghana’s Treasury Bills Undersubscribed by 39.68% as Yields Edge Higher
Demand for Ghana’s treasury bills weakened sharply in the second week of July 2025, as the government faced a significant…
Bitcoin Breaks $121K Barrier Amid Soaring Institutional Demand and U.S. Policy Shift
Bitcoin has surged to a new all-time high, breaching $121,000 with a 24-hour increase of 1.76%, fueled by a combination…
Nigerian Stock Market Hits 7-Week Rally as Banks Power ASI Past 126,000 Mark
The Nigerian stock market closed the week ended July 11, 2025, on a bullish note as the All-Share Index (ASI)…
Meta Acquires Voice AI Startup Play AI Amid Major Push into Audio and Superintelligence
Meta, the parent company of Facebook and Instagram, has acquired Play AI, a startup known for its work in creating…
Global Markets Dip as Trump Threatens New Tariffs on EU and Mexico
Wall Street and European share futures slipped slightly in early Asian trading on Monday after former U.S. President Donald Trump…
Malaysia Tightens Controls on U.S.-Origin AI Chip Exports with Mandatory Trade Permits
Malaysia’s Ministry of Investment, Trade and Industry has announced that all exports, transshipments, and transit activities involving high-performance artificial intelligence…
Nigeria’s Dollar Inflows Plunge 28%, Raising Alarms Over FX Market Stability
Nigeria’s foreign exchange market saw a significant setback in June 2025, as total dollar inflows dropped to $4.84 billion, a…