IMF Urges Governments to Boost Debt Transparency to Lower Borrowing Costs
The International Monetary Fund (IMF) has called on governments worldwide to strengthen debt transparency to restore investor confidence and reduce…
Month: August 2025
Stock Futures Flat as Investors Await Nvidia Earnings: AI Demand Fuels Market Optimism
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report, a potential turning point…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5 Million Barrels
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46 million barrels,…
Trump’s 50% Tariffs on Indian Goods Take Effect, Escalating U.S.-India Trade Tensions
U.S. President Donald Trump’s decision to double tariffs on Indian goods to as high as 50% officially took effect on…
Ghana Launches New Financing Frameworks to Boost Cocoa, Oil Palm, and Strategic Crops
Ghana has initiated a major step to strengthen agricultural financing by setting up three Technical Committees to develop new funding…
Tinubu Commends Nigeria’s Capital Market Growth, Vows More Reforms During Brazil Visit
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in market activity to renewed…
CBN Sets October 31 Deadline for Banks to Upgrade to ISO 20022 and Geo-Tag Payment Terminals
The Central Bank of Nigeria (CBN) has directed all financial institutions and payment service providers to complete the migration to…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540 recorded on Monday.…
Kaduna Governor Hails $30 Billion Investment Opportunities from Tinubu’s Brazil State Visit
Kaduna State Governor Uba Sani has praised President Bola Tinubu’s recent state visit to Brazil as a transformative step for…
Nigeria’s Stock Market Surges: Local Investors Drive N1.81 Trillion FPI Boom in July 2025
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting N1.81 trillion, more than…
Asian Stocks Slide Amid Trump’s Fed Shakeup and Chip Export Threats
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President Donald Trump, including…
Nigeria, Brazil Sign Strategic MoU on Science and Technology to Drive Jobs and Industrial Growth
Nigeria and Brazil have entered a landmark Memorandum of Understanding (MoU) to strengthen cooperation in Science, Technology, and Innovation. The…
Nigeria’s Industrialisation at Risk as Manufacturing, Agriculture Sectors Decline Despite GDP Rebasing
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to weaken, widening the gap with the…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence vote next month. The CAC…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn Despite Rising Criticism
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion Economy Goal
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital market reforms as part of…
Trump Threatens Tariffs on Nations Over Digital Taxes Targeting US Tech Giants
President Donald Trump has warned of imposing additional tariffs and export restrictions on countries that enact laws perceived to target US technology…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota Again
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa Cable Investment
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data centers and subsea cable projects.…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year Delay-Ghana
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have issued a two-week…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5% year-on-year dip in…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight Liquidity
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash deposits with the Central…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge, Imports Decline
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp turnaround…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics Plan
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade and Energy Agreements
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria, five years after the…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget Uncertainty
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political tensions. Markets…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…
OpenAI Warns Against Unauthorized Equity Sales Amid $300B Valuation and Jony Ive Acquisition Plans
OpenAI has issued a stern warning to investors and the public over unauthorized sales and investment schemes involving its equity,…
Meta and X Face NITDA Sanctions for Flouting Nigeria’s Internet Code of Practice
Meta, the owner of Facebook, Instagram, WhatsApp, and Threads, and X, formerly Twitter, have been flagged for non-compliance with Nigeria’s…