US, China Extend Tariff Truce by 90 Days, Avoiding Massive Duty Hikes
The United States and China have agreed to extend their tariff truce for another 90 days, averting a steep escalation…
Month: August 2025
Ghana’s Financial Sector Assets Surge to GH₵525bn in 2024 Despite Lower GDP Share
Ghana’s financial sector recorded substantial growth in 2024, with total assets climbing by 34.6% to GH₵525.59 billion, according to the…
Elon Musk’s xAI Plans Legal Action Against Apple Over Alleged App Store Antitrust Breach
Elon Musk announced on Monday that his artificial intelligence startup, xAI, will take legal action against Apple, accusing the tech…
CFG Advisory Urges CBN to Cut Rates, Target Inflation, and Drive Growth Amid High Debt
CFG Advisory has called on the Central Bank of Nigeria (CBN) to reduce its benchmark interest rate and immediately begin…
European Markets Poised for Positive Start as Global Trade Talks Take Center Stage
European markets are expected to open the week on a positive note, with futures data indicating modest gains across major…
NCC Enforces 5-Year Ban on Former Telecom Regulators Joining Operators to Boost Governance and Transparency
The Nigerian Communications Commission (NCC) has unveiled new corporate governance guidelines that impose strict post-service restrictions on its top officials.…
Soaring Cash Demand Squeezes Nigerian Banks Amid Tight Liquidity, Rising Interest Rates
Nigeria’s banking sector is facing mounting liquidity pressure as a surge in cash demand from both government and private players…
Nigeria’s Forex Reserves Surge to $40.16bn on Tinubu’s Bold Economic Reforms — Presidency
Nigeria’s foreign exchange reserves have risen to $40.159 billion as of August 7, 2025, from $37.195 billion a month earlier,…
World Bank Approves $8.4bn Loans to Nigeria in Two Years, Sparking Debt Sustainability Concerns
The World Bank has approved a total of $8.40 billion (N12.89 trillion) in fresh loans to Nigeria between June 2023…
Petrol Prices Surge to ₦900/Litre Despite Crude Oil Drop; Marketers Predict Imminent Decline
Petrol prices across parts of Nigeria have surged past ₦900 per litre despite a recent decline in global crude oil…
Asian Markets Rally as US-China Tariff Truce Boosts Investor Confidence
Asian stock markets gained on Tuesday, with Japan’s Nikkei reaching an all-time high, as the United States and China extended…
Global Markets Rally as U.S.–China Tariff Truce Extended; Focus Shifts to Key U.S., UK Economic Data
Global markets started the day on a strong note after the United States and China agreed to extend their tariff…
First Securities Brokers Leads NGX in July with ₦414.46bn Trades, Secures Top Spot in Volume & Value
First Securities Brokers Limited, a subsidiary of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian…
NGX Opens Week Positive as Investors Gain ₦79.6bn on Renewed Buying Interest
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a positive note as the All-Share Index (ASI)…
Tinubu Approves Landmark Pension Reforms for DBS Retirees Under Renewed Hope Agenda
President Bola Ahmed Tinubu has endorsed significant reforms aimed at improving the welfare of retirees under Nigeria’s Defined Benefit Scheme…
Apple Shares Surge 13% After CEO Tim Cook’s White House Visit, Announces $100 Billion U.S. Investment Plan
Apple experienced its largest weekly stock gain since July 2020, with shares rising 13% after CEO Tim Cook joined President…
AI-Generated Content Market to Surge to $71.6 Billion by 2034 Amid Rapid Technological and Skill Evolution
The Artificial Intelligence Generated Content (AIGC) market, valued at $27 billion in 2024, is projected to nearly triple by 2034,…
European Shares Rise Amid Trade Optimism; Orsted Shares Plunge on $9.4 Billion Rights Issue
European stock markets opened higher on Monday, buoyed by positive sentiment around global trade developments. The pan-European Stoxx 600 index…
SEC DG Agama Named Vice Chair of IOSCO’s Africa/Middle East Committee
Dr. Emomotimi Agama, Director-General of Nigeria’s Securities and Exchange Commission (SEC), has been elected Vice Chairman of the Africa/Middle East…
Insurance Act and Strong Q2 Earnings Drive Nigerian Stock Market to 3.2% Weekly Gain
The Nigerian stock market recorded a notable 3.2% gain in the week, driven by the recent enactment of the Insurance…
Pension Fund Performance Review: FCMB Pensions Limited Leads with 5.68% Return in July 2025
Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund…
Top 10 African Fintech Startups Secure $470M in H1 2025 Amid Global Funding Slowdown
Africa’s fintech industry has demonstrated remarkable resilience in the first half of 2025, attracting significant investment despite a challenging global…
Credit Enquiries in Ghana Jump 114% in 2024 as Digital Lending Dominates – Bank Of Ghana
Credit enquiries in Ghana surged to 29.5 million in 2024, representing a 114.6% increase from 13.7 million in 2023, according…
Japan’s Political Turmoil Threatens Budget Process and Delays in BOJ Rate Hike
Japan is facing mounting political uncertainty as Prime Minister Shigeru Ishiba comes under intense pressure from his own Liberal Democratic…
Domestic Sources Drive $31.06bn Forex Inflows in Seven Months as Foreign Participation Slips
Nigeria’s foreign exchange market recorded total inflows of $31.06 billion between January and July 2025, according to FMDQ Securities Exchange…
Ghana’s T-Bill Auction Undersubscribed by 22% as Falling Yields Dampen Investor Appetite
Ghana’s latest Treasury bill auction closed with a 22.12% undersubscription, breaking a three-week streak of oversubscriptions. The Bank of Ghana…
Treasury Yields Climb as Tariff Impact and Fed Leadership Shift Stir Investor Caution
U.S. Treasury yields rose on Friday as investors digested the implications of new tariffs and awaited key inflation data. The…
Digital Banking Breaches Spike 56% in Nigeria as CBN Warns of Tough Sanctions
Nigeria’s banking sector is facing a growing cybersecurity crisis, with cyber theft risks surging 56% in the first half of…
India Boosts Nigerian Crude Purchases as Dangote Refinery Turns to US Oil Imports
India’s state-owned refineries have increased their purchases of Nigerian crude oil, even as Nigeria’s $20 billion Dangote Petroleum Refinery leans…
Nigeria’s Non-Oil Exports Surge 19.6% to $3.23bn in H1 2025 – NEPC
Nigeria’s non-oil exports reached $3.225 billion in the first half of 2025, reflecting a 19.59% increase compared to $2.696 billion…