Banks’ Deposits with CBN Surge 783% to ₦79.8 Trillion Amid Excess Liquidity and Tight Interbank Market
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the first seven…
Day: August 4, 2025
Ghana’s T-Bill Auction Oversubscribed by 42% as Investors Rush to Lock in Yields
Ghana’s latest Treasury bill (T-bill) auction has recorded a significant oversubscription, with investor demand surpassing the government’s target by 42.07%.…
Debt Discipline Vital to End Ghana’s IMF Dependency – Experts Warn
Ghana must embrace sustainable debt management to escape its recurring dependence on the International Monetary Fund (IMF) bailouts, according to…
SEC Flags $2.1bn in Suspicious Crypto Deals Across West Africa
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, has raised alarms over a staggering $2.1 billion worth…
Swiss Stocks Tumble as U.S. Tariff Shock Triggers Economic Fears
Swiss markets opened the week on a negative note as the announcement of new U.S. tariffs sparked a sell-off in…
Inside OpenAI’s Race for the Ultimate AI Agent: Reasoning Models, Reinforcement Learning & the Future of Automation
OpenAI’s quest for general-purpose AI agents began quietly with an internal team called MathGen. Their focus was improving mathematical reasoning…
CBN’s FX Code Sparks Naira Rally, Market Stability, and Investor Confidence
Six months after the Central Bank of Nigeria (CBN) launched the Nigerian Foreign Exchange Code (FX Code), the country is…
IMF Upgrades Nigeria’s 2025 Growth Forecast Amid Easing Inflation, Currency Stability
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for Nigeria upward, projecting a 3.4% expansion—higher than…
Forex Inflows Drop 20.9% in July Despite Market Optimism, Naira Shows Modest Gains
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined sharply by 20.9% in July 2025, marking the second…
Nigeria’s Business Confidence Climbs for Sixth Month in 2025; Manufacturing Sector Drives Economic Recovery
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience…
Trump Hits India with Steep Tariffs as New Delhi Holds Firm on Trade Deal
U.S. President Donald Trump announced 25% tariffs on imports from India alongside an unspecified penalty, aiming to pressure New Delhi…
DMO Opens August 2025 FGN Savings Bonds with Up to 15.4% Interest Amid Declining Rates
The Debt Management Office (DMO) has announced the opening of the August 2025 Federal Government of Nigeria (FGN) savings bond…
FBNQuest Forecasts 3.4% GDP Growth for Nigeria in 2025, Naira to Weaken to N1,662/$
Analysts at FBNQuest Merchant Bank project that Nigeria’s economy will maintain its recovery in 2025, with real GDP expected to…
How AI and RegTech Are Transforming Compliance for Nigerian Startups – Expert Insight from Kayode Opeyemi
As Nigeria’s fintech industry matures, startups are experiencing increasing regulatory scrutiny from agencies like the Central Bank of Nigeria (CBN)…
Malaysia Strikes $150 Billion Tech and LNG Deal with U.S. to Ease Tariff Pressure
Malaysia has agreed to spend up to $150 billion over the next five years on U.S. technology and infrastructure equipment in key…
Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash – Economist-Ghana
Despite the Bank of Ghana’s (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst Downstream Sector Tensions
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism — NESG-Stanbic Report
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery, according to the latest NESG-Stanbic…
Nigerian Stock Market Hits Record High as NGX Gains 5.07%, Adds ₦4.32 Trillion in Value
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The All-Share Index (ASI)…
US Tariff Hike Prompts Nigerian Insurance Sector to Strengthen Risk Management Amid Export Pressure
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15% tariff imposed…