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Day: September 24, 2025

OpenAI Expands $500 Billion Stargate Project, Eyes Debt Financing and Nvidia Partnership for AI Chip Supply
InternationalTechnology

OpenAI Expands $500 Billion Stargate Project, Eyes Debt Financing and Nvidia Partnership for AI Chip Supply

OpenAI is accelerating its ambitious “Stargate” infrastructure initiative, initially pegged at $500 billion, to meet soaring demand for its AI…

byEkeminiSeptember 24, 2025September 24, 2025
FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns
BusinessEnergyLocal

FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its…

byEkeminiSeptember 24, 2025September 24, 2025
Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth
BusinessLocalMacroeconomic

Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth

Nigeria’s finance and insurance sector experienced a remarkable growth of 16.13% in real terms during the second quarter of 2025,…

byEkeminiSeptember 24, 2025September 24, 2025
MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers
BusinessLocal

MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers

The Manufacturers Association of Nigeria (MAN) has raised concerns over the Federal Government’s proposed Tax Stamp System for excisable products,…

byEkeminiSeptember 24, 2025September 24, 2025
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria
BusinessEconomyLocal

PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria

The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension…

byEkeminiSeptember 24, 2025September 24, 2025
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Eases, MPC Minutes Reveal
BusinessLocalMacroeconomic

Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Eases, MPC Minutes Reveal

The Bank of Ghana has reduced its key lending rate to 21.5 percent, following a 350-basis-point cut approved by four…

byEkeminiSeptember 24, 2025September 24, 2025
Ghana Government Orders Buffer Stock Company to Buy Surplus Grains to Support Farmers and Boost Food Security
AgricultureBusinessLocal

Ghana Government Orders Buffer Stock Company to Buy Surplus Grains to Support Farmers and Boost Food Security

The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to begin purchasing surplus grains from farmers…

byEkeminiSeptember 24, 2025September 24, 2025
Bank of Ghana Sets GH¢2 Million Minimum Capital for Digital Credit Providers to Boost Stability and Consumer Protection
BusinessFinanceLocal

Bank of Ghana Sets GH¢2 Million Minimum Capital for Digital Credit Providers to Boost Stability and Consumer Protection

The Bank of Ghana has rolled out new licensing requirements for Digital Credit Service Providers, setting a minimum capital threshold…

byEkeminiSeptember 24, 2025September 24, 2025
UNGA80: Global Energy Alliance Commits $16 Million to Boost Clean Energy Access Across Africa
EnergyLocal

UNGA80: Global Energy Alliance Commits $16 Million to Boost Clean Energy Access Across Africa

At the 80th United Nations General Assembly (UNGA80), the Global Energy Alliance for People and Planet (GEAPP) unveiled a $16…

byEkeminiSeptember 24, 2025September 24, 2025
Oil Workers’ Unions Reject Nigerian Government’s Plan to Sell NNPCL Assets
BusinessEnergyLocal

Oil Workers’ Unions Reject Nigerian Government’s Plan to Sell NNPCL Assets

Two of Nigeria’s most powerful oil workers’ unions — the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)…

byEkeminiSeptember 24, 2025September 24, 2025
California Senator Scott Wiener Pushes AI Safety Bill SB 53 as Big Tech Softens Opposition
InternationalTechnology

California Senator Scott Wiener Pushes AI Safety Bill SB 53 as Big Tech Softens Opposition

California State Senator Scott Wiener is once again at the center of the fight over how to regulate artificial intelligence.…

byEkeminiSeptember 24, 2025September 24, 2025
Google’s AI Comeback: From Early Missteps to Market Leader in Just One Year
InternationalTechnology

Google’s AI Comeback: From Early Missteps to Market Leader in Just One Year

Once written off as lagging in the artificial intelligence race, Google has stunned the tech world with a dramatic comeback.…

byEkeminiSeptember 24, 2025September 24, 2025
CBN Cuts MPR to 27% After Five Years as Inflation Eases, Banks Meet New Capital Targets
LocalMacroeconomic

CBN Cuts MPR to 27% After Five Years as Inflation Eases, Banks Meet New Capital Targets

The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) to 27 percent, the first time…

byEkeminiSeptember 24, 2025September 24, 2025
Nigeria’s 2025 GDP Growth Hinges on Fiscal Discipline, Reforms and Dangote Refinery Impact – Afreximbank’s Yemi Kale
LocalMacroeconomic

Nigeria’s 2025 GDP Growth Hinges on Fiscal Discipline, Reforms and Dangote Refinery Impact – Afreximbank’s Yemi Kale

Nigeria’s 2025 growth outlook will only materialise if policymakers maintain fiscal discipline and stay the course on reforms, Dr. Yemi…

byEkeminiSeptember 24, 2025September 24, 2025
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways
BusinessEconomyLocal

Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways

Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening…

byEkeminiSeptember 24, 2025September 24, 2025
CBN Cuts Interest Rate to 27% as OPS Seeks Real Credit Relief for Businesses
BusinessLocalMacroeconomic

CBN Cuts Interest Rate to 27% as OPS Seeks Real Credit Relief for Businesses

The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 27 per cent, marking its first cut…

byEkeminiSeptember 24, 2025September 24, 2025
Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment
BusinessLocalMarket

Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment

The Nigerian Exchange (NGX) sustained its bearish run on Tuesday, with investors losing about ₦322 billion in market value as…

byEkeminiSeptember 24, 2025September 24, 2025
Nigerian Stocks Shed ₦220bn as Investors Book Profits Ahead of MPC Rate Decision
BusinessinvestmentLocal

Nigerian Stocks Shed ₦220bn as Investors Book Profits Ahead of MPC Rate Decision

The Nigerian Exchange (NGX) witnessed a sharp pullback on Tuesday, wiping ₦220 billion off its market capitalisation as investors locked…

byEkeminiSeptember 24, 2025September 24, 2025
European Stocks Dip as Powell Flags High Valuations; Defense Shares Rally on Trump’s Ukraine Comments
InternationalMacroeconomicMarket

European Stocks Dip as Powell Flags High Valuations; Defense Shares Rally on Trump’s Ukraine Comments

European markets slipped on Wednesday morning as investors digested a warning from U.S. Federal Reserve Chair Jerome Powell about inflated…

byEkeminiSeptember 24, 2025
Champion Breweries Reports 111% Revenue Surge, 692% Profit Growth After Bullet Acquisition
BusinessLocal

Champion Breweries Reports 111% Revenue Surge, 692% Profit Growth After Bullet Acquisition

Champion Breweries Plc has posted a remarkable 111 per cent rise in revenue and a 692 per cent jump in…

byEkeminiSeptember 24, 2025September 24, 2025

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