Nigeria’s GDP Surges 4.32% in Q2 2025 as Oil and Non-Oil Sectors Drive Growth
Nigeria’s economy has demonstrated strong resilience in the second quarter of 2025, with Gross Domestic Product (GDP) growing by 4.32%…
Day: September 22, 2025
NNPC, PETROAN Push for Technical and Equity Partnership to Revive Port Harcourt Refinery
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to…
Silicon Valley Invests Heavily in AI ‘Environments’ to Train Smarter Agents
Silicon Valley is placing a big bet on a new frontier in artificial intelligence: reinforcement learning (RL) environments. These simulated…
NES #31 to Spotlight Investment Opportunities Amid Global Trade Shifts in Nigeria
As Nigeria gears up for the 31st Nigerian Economic Summit (NES #31) from October 6–8, 2025, the spotlight is on…
Nigeria’s E-Commerce Market Set to Surpass $16 Billion by 2030, Fueled by Jumia, Konga, and Digital Innovation
Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos…
CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen Governance and Stability
The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability in the country’s…
FG Revokes 1,263 Mineral Licenses to Boost Compliance and Attract Genuine Investors
The Federal Government has revoked 1,263 mineral licenses across Nigeria in a major crackdown on non-compliant operators in the solid…
Porsche Shares Drop 7% as Profit Outlook Cut; European Markets Slide Amid U.S. Visa Crackdown
European stock markets slipped on Monday morning as investors reacted to a mix of corporate news and political developments. The…
CBN MPC Meeting: Slowing Inflation Sparks Mixed Rate-Cut Expectations Among Economists
Nigeria’s slowing inflation has created a divide among economists as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC)…
Nigerian Stock Market Weekly Report: NGX Turnover Slumps to N85.20bn Despite ASI Gains
Trading activity on the Nigerian Exchange Limited (NGX) slowed last week as investors exchanged 2.74 billion shares valued at N85.20…
U.S. Inflation Data to Test Fed’s Rate Cut as Markets Eye Friday Report
All eyes are on Washington this week as the Federal Reserve braces for new inflation data that could determine whether…
Falling Inflation Sparks Rate-Cut Speculation as CBN’s MPC Meets in Abuja
Nigeria’s steadily easing inflation is fuelling expectations that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) may finally…
OpenAI Study Shows 70% of ChatGPT Use Is for Personal, Not Work Tasks — Global Adoption Surges
A new study from OpenAI has revealed that the vast majority of ChatGPT users are relying on the AI tool…
China–Nigeria Trade Surges to $15.48 Billion in Seven Months, Strengthening Economic Ties
Bilateral trade between Nigeria and China has soared to $15.48 billion in the first seven months of 2025, marking a…
Dangote Alleges NUPENG Truck Levies Fuel Nigeria’s Pump Price Hikes
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural…
Afreximbank’s FEDA Records $40.3 Million Profit in 2024, Expands Impact Across Africa
The Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (Afreximbank), has reported…
Ghana Treasury Bills Oversubscribed as Investor Demand Surges Despite Falling Yields
Investor appetite for Ghana’s short-term government securities remained strong last week, as Treasury bills were oversubscribed despite falling yields. According…
Naira Strengthens as CBN Injects $150m, FX Market Turnover Soars 75%
Nigeria’s foreign exchange market saw a dramatic turnaround last week, with the naira regaining ground and trading activity surging. According…
Nigerian Banks Park Surplus Cash at CBN Lending Window as Interbank Market Stalls
Nigeria’s banking sector is swimming in cash, but instead of driving up lending between institutions, banks are choosing to park…
Nigeria Supplies 67.6 Million Barrels of Crude to Local Refineries, But Demand Still Outpaces Supply
The Federal Government says it delivered over 67.6 million barrels of crude oil to Nigeria’s domestic refineries between January and…
Trump Confirms Murdoch, Oracle and Dell in TikTok U.S. Takeover Talks Amid Push for 50% American Ownership
The long-running saga over TikTok’s future in the United States is reaching a turning point. President Donald Trump confirmed over…
Tinubunomics Under Fire: Abuja SMEs Struggle With Rising Costs, Taxes, and Uncertain Policies
Small and medium-scale enterprises (SMEs) in Nigeria’s capital city are sounding the alarm over a mounting cost crisis that is…