Tinubu Approves Pension Hike and Free Healthcare for Low-Income Retirees
President Bola Tinubu has directed the immediate implementation of pension increases and free healthcare access for low-income retirees under the…
Month: August 2025
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term ‘Hot Money’ Opportunities
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million…
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX Market Reforms
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified forward foreign exchange (FX)…
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by skyrocketing mobile internet…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half…
Ghana’s Inflation Drops to 12.1% in July 2025, Lowest Since October 2021
Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and hitting the…
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence boosting the All-Share Index (ASI) by…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry Pushes for Energy Reform
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output recorded so far…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive Industrialisation
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising Digital Threats
As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence (AI)-powered cybersecurity tools to…
OpenAI Partners with AWS, Expanding Cloud Access to Its Models for the First Time
For the first time, OpenAI’s models will be accessible through Amazon Web Services (AWS), marking a significant shift in cloud…
OpenAI Unveils GPT-OSS: Free Open-Weight AI Models for Global Developers
OpenAI has released a new series of artificial intelligence models called GPT-OSS, marking a major shift toward openness in AI…
Nigeria’s Foreign Investment Jumps 67% to $5.6bn in Q1 2025
Nigeria experienced a significant boost in foreign capital inflows in the first quarter (Q1) of 2025, with total capital importation…
European Pharma Stocks Slide Amid Trump Tariff Threats and Bayer’s Legal Woes
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs of up to 250%…
Nigeria’s Capital Importation Surges 67% to $5.64 Billion in Q1 2025
Capital importation into Nigeria surged by 67.12% year-on-year in the first quarter of 2025, reaching $5.642 billion compared to $3.376…
BUA Cement Leads Market Rally as NSE Capitalisation Soars by N458 Billion
The Nigerian equities market continued its bullish momentum on Tuesday, August 6, 2025, driven by strong investor interest in BUA…
COPEC Opposes Proposed 20% Transport Fare Hike, Cites Stable Fuel Prices
The Chamber of Petroleum Consumers (COPEC) has firmly rejected reports of a proposed 20% increase in public transport fares set…
BoG Slashes Policy Rate by 300bps to Spur Cheaper Lending and Boost Economic Recovery-Ghana
The Bank of Ghana (BoG) has implemented a historic monetary policy shift by cutting its benchmark policy rate by 300…
Tinubu Signs Landmark Insurance Reform Act to Drive $1 Trillion Economy Vision
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, marking a significant milestone…
Telcos Pump N824.7bn into Network Expansion Amid Subscriber Outrage over Poor Service
Nigeria’s leading telecom operators, MTN and Airtel, have collectively invested over N824.7 billion in network infrastructure and expansion in the first half…
Naira Holds Firm Despite Dip in FX Inflows: Analysts Cite Strong Reserve Build-Up, Investor Sentiment
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according to market data and…
Nigeria’s Banking Sector Attracts $3.1bn as Capital Inflows Surge, Manufacturing Slumps
Capital importation into Nigeria jumped to $5.64 billion in the first quarter of 2025, marking a 67.12% increase from the…
Cedi Surge Sparks 50% Drop in Remittances, BoG Governor Reveals-Ghana
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the recent sharp appreciation of the Ghanaian…
OpenAI Targets $500 Billion Valuation in Employee Share Sale Amid Soaring Growth
OpenAI, the developer behind ChatGPT, is reportedly exploring a new stock sale that could value the company at an astonishing…
Asian Markets Edge Higher Amid U.S. Tariff Tensions and Fed Rate Cut Expectations
Asian stock indexes made modest gains on Wednesday, with Japan and Australia outperforming regional peers. Investors appeared to shrug off…
Suitroh Partners with Banks to Launch X-Inventory, Boost SME Financing and Supply Chain Efficiency
Suitroh Nigeria Limited, a fintech-driven logistics company, has unveiled a new digital trade platform called X-Inventory, aimed at improving supply…
Nigeria’s New Tax Reforms Aim to Boost Tech Sector but Raise Compliance Concerns
President Bola Tinubu’s recent endorsement of comprehensive tax reforms signals a significant shift in Nigeria’s economic direction, particularly for the…
Nigeria Becomes 4th Most Expensive Country to Borrow in Africa as Interest Rates Soar
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by Nairametrics…