Trump’s Secondary Tariffs on Russia’s Oil Buyers Risk Global Market Disruption and Diplomatic Strains
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25% tariff already applied…
Day: August 8, 2025
Global Stocks Edge Higher on Fed Policy Shift; Gold Surges Amid U.S. Tariffs on Bullion Imports
Global stock markets nudged higher on Friday as investors grew optimistic about potential interest rate cuts by the U.S. Federal…
Surge in Nigerian Stock Market Valuations: 18 Companies Now Valued Over $1 Billion in 2025
The Nigerian Exchange (NGX) has been one of Africa’s top-performing stock markets in 2025, with its All-Share Index rising by…
India and Brazil Bolster Economic Ties Amid Trump’s Tariff Escalation, Sparking BRICS Unity
India and Brazil are strengthening their bilateral economic cooperation in response to recent aggressive tariff measures imposed by the United…
FG Advances Local Energy Supply Chain to Mitigate Global Disruptions and Boost Investment
The Federal Government of Nigeria is taking proactive measures to strengthen the country’s local energy supply chain amid increasing global…
Trump’s New Tariffs Take Effect, Impacting Global Trade and Nigeria’s Economy Amid Ongoing Ukraine War Diplomacy
President Donald Trump’s sweeping new tariffs officially began yesterday, marking the most significant U.S. increase in import taxes since the…
FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in July 2025
Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories despite…
Abuja to Host Over 500 Global Investors at 2025 Business Investment Expo to Boost Emerging Markets
The Abuja Investment Company Limited (AICL) has announced that over 500 high-level participants from 40 countries are expected to attend…
Reforms Drive Nigerian Stock Market Rally as Insurance Sector Leads Gains Amid 26-Day Bull Run
The Nigerian equities market sustained a remarkable 26-day bullish run, adding N479 billion to its total value, fueled notably by…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane; Advocates Airport Concessions Over Renovations
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal Government’s handling of state-owned…
Trump Opens Path for Crypto and Alternative Assets in Retirement Accounts
President Donald Trump has directed U.S. regulators to explore changes that would allow Americans to use retirement accounts like 401(k)s…
One-Year T-Bill Yields Edge Up to 19.76% as DMO, Investors Wrestle Over Rates
In a shift from recent trends, the yield on Nigeria’s one-year treasury bills rose to 19.76% at the latest primary…
Asia-Pacific Markets Mostly Rise as Trump Threatens 100% Tariff on Imported Chips
Asia-Pacific stock markets closed mostly higher on Thursday after U.S. President Donald Trump vowed to impose a 100% tariff on…
Nigeria’s Banks Attract $7 Billion in ‘Hot Money’ as Foreign Inflows Surge — Experts Warn of Economic Risks
In 2024, Nigeria’s banking sector saw an unprecedented influx of $7 billion from foreign investors, marking the highest capital inflow…
NCC Warns Over 1,000 Weekly Fibre Cuts Threatening Nigeria’s Economic Stability and National Security
The Nigerian Communications Commission (NCC) has sounded an alarm over the widespread sabotage of telecommunications infrastructure across Nigeria, reporting over…
Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material Exports
The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing the country’s heavy reliance…
OpenAI Launches GPT-5, Boosts ChatGPT Power for 700 Million Users Worldwide
OpenAI has unveiled its newest artificial intelligence model, GPT-5, marking a significant milestone in the evolution of its ChatGPT platform.…
Insurance, Consumer Goods Lead NGX Rally as Market Gains N479bn Amid Reform Bill Boost
The Nigerian Stock Exchange (NGX) witnessed a significant rally on Thursday, August 7, 2025, as the market capitalization rose by…
CBN Targets Legal Action Against FX Contract Violators After Forensic Audit
The Central Bank of Nigeria (CBN) has announced its intention to pursue legal action against entities found to have violated…