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Month: August 2025

Nigeria’s Digitized Public Services Could Unlock $110bn Annual Economic Gain — Telecom Stakeholders
LocalTechnology

Nigeria’s Digitized Public Services Could Unlock $110bn Annual Economic Gain — Telecom Stakeholders

Nigeria’s telecommunications stakeholders have projected that fully digitized public services could generate more than $110 billion annually, citing reduced inefficiencies, improved…

byEkeminiAugust 29, 2025August 29, 2025
Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits Record Growth
BusinessEnergyLocal

Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits Record Growth

Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4 trillion between January and July 2025, marking…

byEkeminiAugust 29, 2025August 29, 2025
SCOA, RTBRISCOE Lead Gainers as Nigerian All-Share Index Falls 0.49%
BusinessLocalStock

SCOA, RTBRISCOE Lead Gainers as Nigerian All-Share Index Falls 0.49%

The Nigerian Exchange (NGX) closed on a bearish note on Thursday, August 28, as the All-Share Index (ASI) slipped by…

byEkeminiAugust 29, 2025August 29, 2025
NITDA, Google Partner to Boost Cybersecurity and Digital Innovation in Nigeria
LocalTechnology

NITDA, Google Partner to Boost Cybersecurity and Digital Innovation in Nigeria

The National Information Technology Development Agency (NITDA) has partnered with Google to strengthen Nigeria’s cybersecurity ecosystem and accelerate the country’s…

byEkeminiAugust 29, 2025August 29, 2025
NESG Urges FG to Drive Economic Growth Through Productivity, Not Inflation Control
LocalMacroeconomic

NESG Urges FG to Drive Economic Growth Through Productivity, Not Inflation Control

The Nigeria Economic Summit Group (NESG) has urged the Federal Government to shift its economic growth strategy from inflation management…

byEkeminiAugust 29, 2025August 29, 2025
Nigeria’s Diaspora Remittances Surge to $600m Monthly, Says CBN Governor Cardoso
FinanceLocalMacroeconomic

Nigeria’s Diaspora Remittances Surge to $600m Monthly, Says CBN Governor Cardoso

Nigeria’s diaspora remittances have witnessed a sharp surge, hitting $600 million monthly in the past two months, according to the…

byEkeminiAugust 29, 2025August 29, 2025
Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake
AgricultureBusinessInternational

Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake

Dangote Group has signed a landmark $2.5 billion agreement with Ethiopian Investment Holdings (EIH) to build a world-class urea fertiliser…

byEkeminiAugust 29, 2025August 29, 2025
Capital Market Leaders Back Tinubu’s Reforms, Urge Firms to List on NGX
BusinessinvestmentLocal

Capital Market Leaders Back Tinubu’s Reforms, Urge Firms to List on NGX

Stakeholders in Nigeria’s capital market have thrown their weight behind President Bola Tinubu’s economic reforms and called on more companies…

byEkeminiAugust 29, 2025August 29, 2025
FG Approves 2026–2030 National Development Plan to Drive Growth, Reforms, and Job Creation
LocalMacroeconomic

FG Approves 2026–2030 National Development Plan to Drive Growth, Reforms, and Job Creation

The Federal Government has approved a new Medium-Term National Development Plan (MTNDP) 2026–2030, aimed at consolidating ongoing reforms and accelerating Nigeria’s…

byEkeminiAugust 29, 2025August 29, 2025
European Stocks Mixed as Investors Await EU and U.S. Inflation Data
InternationalMacroeconomic

European Stocks Mixed as Investors Await EU and U.S. Inflation Data

European markets are set for a mixed open on Friday as investors brace for fresh inflation data from both the…

byEkeminiAugust 29, 2025August 29, 2025
MTN Ghana CEO Stephen Blewett Elected Chairperson of Ghana Chamber of Telecommunications
BusinessLocal

MTN Ghana CEO Stephen Blewett Elected Chairperson of Ghana Chamber of Telecommunications

The Ghana Chamber of Telecommunications has announced a major leadership transition, with MTN Ghana CEO Stephen Blewett elected as Chairperson of its…

byEkeminiAugust 29, 2025August 29, 2025
Ghana to Begin Licensed Timber Exports to EU in October 2025
BusinessInternational

Ghana to Begin Licensed Timber Exports to EU in October 2025

Ghana has announced that it will officially begin exporting Forest Law Enforcement, Governance and Trade (FLEGT)-licensed timber to the European…

byEkeminiAugust 29, 2025August 29, 2025
NCC Unveils New Cybersecurity Framework to Safeguard Nigeria’s Telecom Sector by 2026
LocalTechnology

NCC Unveils New Cybersecurity Framework to Safeguard Nigeria’s Telecom Sector by 2026

The Nigerian Communications Commission (NCC) has announced plans to roll out a new cybersecurity framework aimed at strengthening protection across…

byEkeminiAugust 29, 2025August 29, 2025
Nigerian Banks Face Capital Discipline Tests as CBN’s Forbearance Window Ends in 2025
BankingBusinessLocal

Nigerian Banks Face Capital Discipline Tests as CBN’s Forbearance Window Ends in 2025

Nigeria’s banking sector is approaching a critical juncture as the Central Bank of Nigeria (CBN) prepares to end its regulatory…

byEkeminiAugust 29, 2025August 29, 2025
Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn
BusinessFinanceLocal

Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn

The Nigerian Exchange closed in the red on Thursday as bearish trading wiped off N438 billion from investors’ wealth, pushing…

byEkeminiAugust 29, 2025August 29, 2025
Nigeria’s Cheap Stocks in 2025: Hidden Bargains or Value Traps?
BusinessinvestmentLocal

Nigeria’s Cheap Stocks in 2025: Hidden Bargains or Value Traps?

Fifteen Nigerian companies across banking, insurance, industrials, and real estate are currently trading below their book value, with an average…

byEkeminiAugust 28, 2025
Dangote Signs $2.5 Billion Deal to Build Fertilizer Plant in Ethiopia
AgricultureBusinessInternationalinvestment

Dangote Signs $2.5 Billion Deal to Build Fertilizer Plant in Ethiopia

Africa’s richest man, Aliko Dangote, has signed a landmark $2.5 billion agreement with the Ethiopian government to build a world-class…

byEkeminiAugust 28, 2025August 28, 2025
Tariff Hike Forces 2.4 Million Nigerians Off Internet Despite Rising Data Usage
BusinessLocalTechnology

Tariff Hike Forces 2.4 Million Nigerians Off Internet Despite Rising Data Usage

A sharp 50 percent tariff hike on telecom services has triggered a significant decline in Nigeria’s mobile and internet subscriptions,…

byEkeminiAugust 28, 2025August 28, 2025
NESG Urges FG to Prioritize Economic Stabilization, Productivity, and Job Creation
BusinessLocalMacroeconomic

NESG Urges FG to Prioritize Economic Stabilization, Productivity, and Job Creation

The Nigerian Economic Summit Group (NESG) has advised the Federal Government to focus on three key priorities to sustain Nigeria’s…

byEkeminiAugust 28, 2025August 28, 2025
AI giant Nvidia beats earnings expectations but shares fall
BusinessInternationalTechnology

AI giant Nvidia beats earnings expectations but shares fall

US-based chipmaker Nvidia reported stronger-than-expected earnings for its latest quarter, but investor sentiment cooled as concerns grew over slowing sales in China…

byEkeminiAugust 28, 2025August 28, 2025
Nigeria’s High Interest Rates Drive Surge in Short-Term Corporate Borrowing
BusinessinvestmentLocal

Nigeria’s High Interest Rates Drive Surge in Short-Term Corporate Borrowing

Nigerian companies are increasingly turning to short-term debt instruments to navigate soaring borrowing costs fueled by record-high interest rates. Firms…

byEkeminiAugust 28, 2025August 28, 2025
Naira Rebounds as Nigeria’s Foreign Reserves Hit $41.2 Billion, Boosting Investor Confidence
BusinessLocalMacroeconomic

Naira Rebounds as Nigeria’s Foreign Reserves Hit $41.2 Billion, Boosting Investor Confidence

The naira regained strength on Wednesday after two days of marginal losses, supported by Nigeria’s external reserves crossing the $41…

byEkeminiAugust 28, 2025August 28, 2025
European Markets Open Higher as Nvidia Earnings Boost Sentiment; Drax Shares Plunge 11% on UK Probe
BusinessInternationalMarket

European Markets Open Higher as Nvidia Earnings Boost Sentiment; Drax Shares Plunge 11% on UK Probe

European stock markets opened higher on Thursday, lifted by strong earnings from U.S. tech giant Nvidia, even as investors weighed…

byEkeminiAugust 28, 2025August 28, 2025
Experts Call for AI and Technology Adoption to Boost Nigeria’s Economic Diversification
BusinessLocalTechnology

Experts Call for AI and Technology Adoption to Boost Nigeria’s Economic Diversification

Technology and economic experts have urged Nigeria to accelerate the adoption of Artificial Intelligence (AI) and digital innovation as a…

byEkeminiAugust 28, 2025August 28, 2025
BREAKING: Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control  
BankingBusinessLocal

BREAKING: Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control  

Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive…

byEkeminiAugust 28, 2025August 28, 2025
Nigeria-Guangxi Trade Surges to $320 Million in 2024, Strengthening China-Nigeria Ties
BusinessInternational

Nigeria-Guangxi Trade Surges to $320 Million in 2024, Strengthening China-Nigeria Ties

Nigeria’s trade with China’s Guangxi region climbed to $320 million in 2024, marking a significant 21% growth year-on-year. The development was…

byEkeminiAugust 28, 2025August 28, 2025
Nigerian Stock Market Dips as Cornerstone, RT Briscoe Lead Losers Amid N324bn Decline
BusinessinvestmentLocal

Nigerian Stock Market Dips as Cornerstone, RT Briscoe Lead Losers Amid N324bn Decline

The Nigerian stock market closed on a negative note on Thursday, shedding N324 billion in market capitalization after the benchmark All-Share Index…

byEkeminiAugust 28, 2025August 28, 2025
Capital Markets Key to Boosting Nigeria–Brazil Trade and Investment, Says NGX Boss
BusinessInternationalinvestment

Capital Markets Key to Boosting Nigeria–Brazil Trade and Investment, Says NGX Boss

The Nigerian Exchange Group (NGX) has emphasized that capital markets will be instrumental in driving trade and investment between Nigeria…

byEkeminiAugust 28, 2025August 28, 2025
Nigeria Targets 20% GDP Boost Through AI and Digital Innovation, Says NITDA
BusinessLocalTechnology

Nigeria Targets 20% GDP Boost Through AI and Digital Innovation, Says NITDA

The Federal Government of Nigeria has reaffirmed its commitment to leveraging artificial intelligence (AI) and digital innovation as key drivers…

byEkeminiAugust 28, 2025August 28, 2025
BoG Enforces New Forex Rules: Importers, Exporters Urged to Use Credit Cards for Overseas Transactions
BusinessLocalMacroeconomic

BoG Enforces New Forex Rules: Importers, Exporters Urged to Use Credit Cards for Overseas Transactions

The Importers and Exporters Association of Ghana has urged its members to adopt credit or Visa cards for international transactions…

byEkeminiAugust 28, 2025August 28, 2025

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