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Month: August 2025

Global Tech Giants Launch AfricAI in Nigeria to Drive Sovereign AI Development
InternationalTechnology

Global Tech Giants Launch AfricAI in Nigeria to Drive Sovereign AI Development

Four international technology firms—Lakeba Group (Australia), Next Digital (Nigeria), AqlanX (UAE), and Agentic Dynamic (Netherlands)—have signed a Memorandum of Understanding…

byEkeminiAugust 18, 2025August 18, 2025
NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements Under NIIRA 2025
BusinessLocal

NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements Under NIIRA 2025

The National Insurance Commission (NAICOM) has given insurance and reinsurance companies in Nigeria a 12-month deadline to comply with the…

byEkeminiAugust 18, 2025August 18, 2025
NCC Cracks Down on Poor Telecom Services with New Governance, Cybersecurity, and QoE Reforms
LocalTechnology

NCC Cracks Down on Poor Telecom Services with New Governance, Cybersecurity, and QoE Reforms

Nigeria’s telecom operators are facing heightened regulatory pressure as the Nigerian Communications Commission (NCC) unveils sweeping reforms to improve service…

byEkeminiAugust 18, 2025August 18, 2025
Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts
BusinessLocalMacroeconomic

Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts

Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable…

byEkeminiAugust 18, 2025August 18, 2025
Google Fined $36 Million in Australia for Anti-Competitive Telco Deals
BusinessInternationalTechnology

Google Fined $36 Million in Australia for Anti-Competitive Telco Deals

Google has agreed to pay a $36 million (A$55 million) fine in Australia after admitting to striking anti-competitive deals with major telecom…

byEkeminiAugust 18, 2025August 18, 2025
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
BusinessEnergyLocal

NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters

WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has boosted its…

byEkeminiAugust 18, 2025August 18, 2025
T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields
BusinessLocalMacroeconomic

T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields

The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term…

byEkeminiAugust 18, 2025August 18, 2025
Cedi Strengthens as Fiscal Discipline and Debt Deals Boost Ghana’s Economic Recovery – World Bank
BusinessInternationalMacroeconomic

Cedi Strengthens as Fiscal Discipline and Debt Deals Boost Ghana’s Economic Recovery – World Bank

Ghana’s cedi has strengthened in 2025, supported by fiscal discipline and progress in debt restructuring, according to the World Bank’s…

byEkeminiAugust 18, 2025August 18, 2025
Nigerian Equities Market Loses N713bn in One Week as Investors Rotate Portfolios
BusinessLocal

Nigerian Equities Market Loses N713bn in One Week as Investors Rotate Portfolios

The Nigerian Exchange (NGX) closed the week ended August 15, 2025, in negative territory as the equities market shed N713 billion…

byEkeminiAugust 18, 2025August 18, 2025
Nigeria Capital Market Soars on Policy Reforms, But Sustainability Questions Remain
BusinessinvestmentLocal

Nigeria Capital Market Soars on Policy Reforms, But Sustainability Questions Remain

Nigeria’s capital market is experiencing one of its strongest rallies in history, driven by sweeping policy reforms. Market capitalization has…

byEkeminiAugust 18, 2025August 18, 2025
Tinubu Appoints Opeyemi Agbaje PENCOM Chairman
BusinessLocal

Tinubu Appoints Opeyemi Agbaje PENCOM Chairman

President Bola Tinubu has appointed strategic policy analyst, Opeyemi Agbaje, as the Chairman of the National Pension Commission. Mr Agbaje…

byEkeminiAugust 16, 2025August 18, 2025
Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding – FIRS Official
BusinessLocal

Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding – FIRS Official

The Federal Inland Revenue Service (FIRS) says more than 4,000 large taxpayers in Nigeria are yet to complete the onboarding…

byEkeminiAugust 15, 2025August 15, 2025
FCMB And FMO Unveil ₦20 Million AgriTech Investment Readiness Programme For Nigerian Startups
BusinessinvestmentLocal

FCMB And FMO Unveil ₦20 Million AgriTech Investment Readiness Programme For Nigerian Startups

In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development…

byEkeminiAugust 15, 2025August 15, 2025
Bitcoin Surges to $124K Amid Trump Crypto Reforms and Fed Rate Cut Bets
BusinessInternationalMarket

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…

byEkeminiAugust 14, 2025August 14, 2025
Cyber Attack Disrupts Nigeria Customs Cargo Clearance, Importers Face Demurrage Losses
BusinessLocalTechnology

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…

byEkeminiAugust 14, 2025August 14, 2025
Insurance Stocks Surge in Nigeria as NIIRA 2024 Sparks Investor Confidence
BusinessLocalStock

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…

byEkeminiAugust 14, 2025August 14, 2025
Naira Holds Longest Stability Streak of 2025 as Dollar Weakens and Reserves Climb
BusinessLocalMacroeconomic

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…

byEkeminiAugust 14, 2025August 14, 2025
Nigerian Breweries, MTN, Nestlé Set to Revive Dividend Payouts in 2026 as Profits Surge
BusinessLocalMarket

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,…

byEkeminiAugust 14, 2025August 14, 2025
Nigeria Inflation to Ease in July 2025 as Harvest Season and Naira Stability Offer Relief
LocalMacroeconomic

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%,…

byEkeminiAugust 14, 2025August 14, 2025
Big Tech’s Tariff Deals: How Nvidia, AMD, and Apple Are Paying to Avoid Trump’s China Trade War
BusinessInternationalTechnology

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…

byEkeminiAugust 14, 2025August 14, 2025
Google Faces $34.5B Chrome Bid from Perplexity Amid Antitrust Breakup Threat
BusinessInternationalTechnology

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…

byEkeminiAugust 14, 2025August 14, 2025
Afri Invoice Creates 150 Marketing Roles to Drive SME Digital Transformation in Nigeria
BusinessLocalTechnology

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…

byEkeminiAugust 14, 2025August 14, 2025
Nigeria’s Inflation to Drop to 21.79% in July as Naira Stays Stable – Rewane Forecasts Rate Cut
BusinessLocalMacroeconomic

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…

byEkeminiAugust 14, 2025August 14, 2025
Trust Issues and High Bank Fees Keep 25% of Nigerians Unbanked – World Bank Report
BusinessLocal

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…

byEkeminiAugust 14, 2025August 14, 2025
Google to Invest $9 Billion in AI and Cloud Infrastructure Expansion in Oklahoma
BusinessInternationalTechnology

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…

byEkeminiAugust 14, 2025August 14, 2025
Dollar Falls as Fed Rate-Cut Bets Rise, Bitcoin Hits Record High Amid Global Market Pause
BusinessInternationalMarket

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…

byEkeminiAugust 14, 2025August 14, 2025
NLC Urges FG to Sell Crude to Dangote Refinery in Naira, End Foreign Oil Dependence
BusinessEnergyLocal

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…

byEkeminiAugust 14, 2025August 14, 2025
Tinubu Orders FIRS, Customs, NNPC to Review Revenue Deductions to Boost Public Savings
BusinessLocalMacroeconomic

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…

byEkeminiAugust 14, 2025August 14, 2025
Nigerian Stock Market Suffers N121bn Loss as Profit-Taking Hits Blue-Chip Stocks
BusinessLocalStock

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…

byEkeminiAugust 14, 2025August 14, 2025
Bank of Ghana Unveils Sweeping Reforms to Manage Credit Risk, Boost Liquidity, and Strengthen Banking Resilience
BusinessFinanceLocal

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.…

byEkeminiAugust 14, 2025August 14, 2025

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