Bitcoin Surges to $124K Amid Trump Crypto Reforms and Fed Rate Cut Bets
Bitcoin soared to a record high of $124,000 early Thursday as investor confidence surged around President Donald Trump’s pro-cryptocurrency reforms…
Day: August 14, 2025
Cyber Attack Disrupts Nigeria Customs Cargo Clearance, Importers Face Demurrage Losses
A cyber attack on the Nigeria Customs Service’s (NCS) Information Communication Technology (ICT) platform caused major disruptions to cargo clearance…
Insurance Stocks Surge in Nigeria as NIIRA 2024 Sparks Investor Confidence
The Nigerian stock market maintained its bullish streak for the 11th consecutive week, with the All-Share Index (ASI) climbing 4,491.86…
Naira Holds Longest Stability Streak of 2025 as Dollar Weakens and Reserves Climb
The naira is experiencing its most prolonged period of stability this year, trading within a narrow range of ₦1,520 to…
Nigerian Breweries, MTN, Nestlé Set to Revive Dividend Payouts in 2026 as Profits Surge
After two years of foreign exchange volatility and soaring finance costs that forced top Nigerian companies to halt shareholder rewards,…
Nigeria Inflation to Ease in July 2025 as Harvest Season and Naira Stability Offer Relief
Nigeria’s headline inflation is expected to ease slightly in July 2025, with analysts projecting year-on-year figures between 22.20% and 22.80%,…
Big Tech’s Tariff Deals: How Nvidia, AMD, and Apple Are Paying to Avoid Trump’s China Trade War
Major U.S. technology companies are making unprecedented financial commitments to sidestep President Donald Trump’s escalating tariffs on Chinese trade. In…
Google Faces $34.5B Chrome Bid from Perplexity Amid Antitrust Breakup Threat
Google is confronting a dramatic challenge to its dominance as AI-powered search startup Perplexity has offered $34.5 billion to acquire…
Afri Invoice Creates 150 Marketing Roles to Drive SME Digital Transformation in Nigeria
Afri Invoice, Nigeria’s first locally developed e-invoicing platform, has launched a recruitment campaign to fill 150 new marketing roles across…
Nigeria’s Inflation to Drop to 21.79% in July as Naira Stays Stable – Rewane Forecasts Rate Cut
Nigeria’s inflation rate is expected to fall to 21.79% in July, marking the fourth consecutive monthly decline and the lowest…
Trust Issues and High Bank Fees Keep 25% of Nigerians Unbanked – World Bank Report
A quarter of Nigerians without bank accounts say mistrust of financial institutions and high service charges are preventing them from…
Google to Invest $9 Billion in AI and Cloud Infrastructure Expansion in Oklahoma
Alphabet’s Google has announced plans to invest an additional $9 billion over the next two years to expand its artificial…
Dollar Falls as Fed Rate-Cut Bets Rise, Bitcoin Hits Record High Amid Global Market Pause
Global markets paused for breath on Thursday as traders ramped up bets that the U.S. Federal Reserve will cut interest…
NLC Urges FG to Sell Crude to Dangote Refinery in Naira, End Foreign Oil Dependence
The Nigerian Labour Congress (NLC) has called on the Federal Government to stop the importation of crude oil for the…
Tinubu Orders FIRS, Customs, NNPC to Review Revenue Deductions to Boost Public Savings
President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by Nigeria’s key revenue-generating agencies to…
Nigerian Stock Market Suffers N121bn Loss as Profit-Taking Hits Blue-Chip Stocks
The Nigerian stock market closed lower on Wednesday as widespread profit-taking wiped off N121 billion from investors’ portfolios. The benchmark…
Bank of Ghana Unveils Sweeping Reforms to Manage Credit Risk, Boost Liquidity, and Strengthen Banking Resilience
The Bank of Ghana (BoG) has announced a comprehensive package of regulatory reforms aimed at strengthening the country’s banking sector.…
Nigeria’s Fuel Consumption Falls 18% to 1.44bn Litres in June – NMDPRA Report
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres compared to May’s 1.77…