FCMB Receives Changemaker Award for Empowering Youth Through Enactus Nigeria Partnership
First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria in recognition of its…
Month: July 2025
IMBIL Telecom Earns Global ISO Certification, Boosting Nigeria’s ICT Reputation
IMBIL Telecom Solutions Nigeria Ltd has been awarded the prestigious ISO/IEC 27001:2022 certification for Information Security Management Systems (ISMS), highlighting…
Deposit Confidence Soars as Ghana’s Savings and Loans Sector Records 30.6% Asset Growth
Ghana’s savings and loans sector is experiencing a surge in public confidence, highlighted by a significant 39.4% year-on-year rise in…
NGX Gains 0.30% as NGX Group, Champion Breweries, C & I Leasing Lead Market Rally
Nigeria’s equities market recorded a 0.30% rise on Tuesday, July 8, 2025, marking its second consecutive positive trading session for…
Global Stocks Rally on AI Boom and Rate Cut Hopes, Shrug Off Trump’s New Tariff Threats
Global stock markets continued their upward climb on Thursday, fueled by mounting optimism over artificial intelligence (AI) advancements and expectations…
European Telecoms Warn of ‘Re-Monopolisation’ as EU Proposes Softer Fixed Network Rules
A coalition of European telecommunications companies has voiced strong opposition to proposed European Union (EU) changes that would ease regulations…
Nigeria Deepens Economic Ties with Brazil as Finance Minister Edun Courts Investors at BRICS Forum
In a strategic move to boost Nigeria’s international investment appeal, Finance Minister and Coordinating Minister of the Economy, Mr. Wale…
Federal Government Lists N4bn Savings Bonds on Nigerian Exchange
The Nigerian Exchange Limited (NGX) has officially listed the June 2025 edition of the Federal Government of Nigeria (FGN) Savings…
Ghana Receives $367M IMF Tranche to Bolster Economy, Stabilise Cedi
Ghana has officially received a $367 million disbursement from the International Monetary Fund (IMF), marking the fifth tranche of its…
Nigerian Equities Market Sustains Bullish Momentum with N212bn Gain
The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, July 10, 2025, posting a significant gain of N212…
Trump Escalates Trade War with New Tariffs on Copper, Tech, and Pharmaceuticals
In a bold move that escalates the ongoing global trade war, U.S. President Donald Trump has announced sweeping new tariffs…
Nigerian Banks Race to Bridge ₦783bn Capital Gap as Stanbic IBTC Leads Recapitalisation Surge
The Nigerian banking sector’s capital shortfall has reduced to ₦783.4 billion following Stanbic IBTC Holdings’ successful recapitalisation. This move comes…
Bitcoin Hits Record $112K as Institutional Demand and Pro-Crypto Policies Fuel Rally
Bitcoin surged to an unprecedented high of $112,000 on Wednesday, marking a major milestone for the flagship cryptocurrency. This 3.1%…
Meta Snaps Up Apple’s AI Star with $200M Package in Bold Superintelligence Push
Meta Platforms Inc. has made headlines by securing the services of Ruoming Pang, a former top AI engineer at Apple,…
Dangote Refinery Expands Fuel Export Reach to Southern Africa with Namibia Facility
The Dangote Petroleum Refinery is set to expand its export operations by constructing a fuel storage facility in Namibia with…
Nvidia Becomes First Company to Reach $4 Trillion Valuation Amid AI Boom
Nvidia made history on Wednesday by becoming the first publicly traded company to hit a market valuation of $4 trillion.…
Nigeria’s Economy Expands for 6th Straight Month as Agriculture Leads Growth – CBN Warns of Rising Cost Pressures
Nigeria’s economy has recorded its sixth consecutive month of expansion, according to the June 2025 Purchasing Managers’ Index (PMI) released…
Nigeria’s Foreign Reserves Projected to Reach $41bn by Year-End Amid Naira Gains
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of the naira…
OpenAI to Launch AI-Powered Web Browser, Targeting Google Chrome’s Dominance
OpenAI is preparing to launch a groundbreaking AI-powered web browser that will directly compete with Google Chrome, according to sources…
European Investors Eye Earnings Season for Clues Amid Trade and Currency Volatility
European investors are closely watching the second-quarter earnings season, which could reveal how well companies are coping with renewed trade…
Nigerian Stocks Surge Midweek with N212bn Gain Amid Broad Market Optimism
The Nigerian equities market continued its bullish run midweek, with a significant gain of ₦212 billion in market capitalisation on…
IMF Boosts FIRS Support as Nigeria Implements Sweeping Tax Reforms
The International Monetary Fund (IMF) has strengthened its collaboration with Nigeria’s Federal Inland Revenue Service (FIRS), offering enhanced technical assistance…
Nigeria’s Impending GDP Rebasing: A Bigger Economy, But for Whose Benefit?
The National Bureau of Statistics (NBS) is set to release Nigeria’s long-overdue rebased Gross Domestic Product (GDP) figures, updating the…
India Clears Final Hurdle for Musk’s Starlink to Launch Commercial Operations
Starlink, Elon Musk’s satellite internet venture under SpaceX, has finally received the green light to commence commercial operations in India,…
Nigerian Crude Hits $72 Amid Red Sea Tensions, Dangote Pushes for 100% Local Supply
Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions following deadly Houthi attacks…
Investors Brace for First Earnings Season Under Trump Tariffs Amid Dollar Drop and Uncertainty
U.S. companies are preparing to report second-quarter earnings as markets weigh the effects of President Donald Trump’s newly launched tariff…
Nigerian Insurance Firms Project N14.1bn Q2 Profit Decline Amid FX Losses
Four Nigerian insurance firms—AXA Mansard Insurance Plc, Consolidated Hallmark Holdings Plc, Linkage Assurance Plc, and Sunu Assurance Nigeria Plc, are…
European Stocks Hold Steady as U.S. Tariffs Ignite Copper Rally
European stock markets opened slightly higher on Wednesday despite a major trade development from the United States. President Donald Trump…
Stronger Reserves to Boost Cedi Stability and Disposable Incomes, Merban Capital-GHANA
Ghana’s strengthened international reserves are expected to enhance currency stability and improve citizens’ purchasing power, according to Merban Capital’s Head…
Dangote Refinery Cuts Petrol Price Again to N820 per Litre Amid Market Stabilisation
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to…