Business Local Foreign Investors Retreat as Nigeria’s Forex Inflows Drop 26.9% in August September 9, 2025 Ekemini Nigeria’s foreign exchange market witnessed a significant slowdown in August, with inflows into the Nigerian Foreign Exchange Market (NFEM) falling by 26.9 percent month-on-month to $2.80 billion, down from $3.83…
Business Local Technology Nigeria’s $76bn Telecom Investment Still Leaves 27 Million Without Connectivity September 9, 2025 Ekemini Nigeria’s telecommunications industry has attracted nearly $76 billion in investment since privatisation in 2001, transforming the sector from fewer than 500,000 phone lines to one of Africa’s largest mobile markets.…
Business International Technology SpaceX Strikes $17 Billion Deal with EchoStar to Power Next-Gen Starlink Connectivity September 9, 2025 Ekemini Elon Musk’s SpaceX has secured a landmark $17 billion agreement with EchoStar Corp to accelerate the expansion of its Starlink satellite network. The deal, which combines cash, stock, and debt…
Local Politics Technology Tinubu Sacks Aide on Digital and Creative Economy, Issues Stern Warning to Stakeholders September 9, 2025 Ekemini President Bola Ahmed Tinubu has dismissed Fegho John Umunubo from his role as Special Assistant on Digital and Creative Economy in the Office of the Vice President. The announcement, which…
Finance International Macroeconomic U.S. Treasury Yields Steady Ahead of Key Inflation Reports as Market Eyes Fed Rate Decision September 9, 2025 Ekemini U.S. Treasury yields remained largely unchanged on Tuesday as investors awaited critical inflation data that could shape the Federal Reserve’s next policy moves. The benchmark 10-year Treasury yield hovered around…
Local Macroeconomic Exchange Rate Reflects Economy, Not Defines It — Prof. Baah-Boateng Explains Ghana’s Cedi Movements September 9, 2025 Ekemini The Vice Chancellor of Methodist University and prominent economist, Professor William Baah-Boateng, has emphasized that exchange rate movements, while noteworthy, should not be treated as the definitive measure of Ghana’s…
Business Local Technology Nigerian Firms Allocate Over 30% of IT Budgets to Privacy Amid Rising AI Adoption September 9, 2025 Ekemini Nigerian companies are significantly ramping up investments in privacy protection as artificial intelligence (AI) becomes central to their operations. According to a new report, The AI Privacy Equation: The Nigerian…
Business International investment Nigeria’s Trade Investments Plunge as Inflation and FX Pressures Bite Amid Local Sourcing Shift September 9, 2025 Ekemini Foreign investment in Nigeria’s trade sector has taken a sharp hit, with capital inflows plummeting to $34.39 million in the first quarter of 2025, a staggering 93% drop compared to…
Business Local Stock NGX Gains N263bn as Consumer Goods, Insurance Stocks Drive Market Rally September 9, 2025 Ekemini The Nigerian Exchange (NGX) opened the week on a positive note, posting a N263 billion gain in market capitalization as investors focused on consumer goods and insurance stocks. Key movers…
Business Finance Local Nigeria Risks Losing Digital-Native Investors Amid Capital Market Bottlenecks – Proshare Report September 8, 2025 Ekemini Nigeria, widely recognized for its rapid adoption of cryptocurrencies and digital wallets, is struggling to convert its tech-savvy population into active investors in the local capital market, according to Proshare’s…
Business Local Stock Investors Lose N833bn as NGX Ends Holiday-Shortened Week in Red September 8, 2025 Ekemini The Nigerian stock market closed last week on a bearish note, with investors losing a staggering ₦833 billion in a holiday-shortened trading week. Trading activity was reduced to four sessions…
Business Finance Local Heirs Insurance Earns Strong Agusto&Co Ratings, Strengthening Market Position September 8, 2025 Ekemini Heirs Insurance Group has secured a major boost to its credibility after leading ratings agency Agusto&Co awarded strong credit ratings to its subsidiaries, underscoring the group’s financial strength, disciplined operations,…
Energy Local Macroeconomic Nigeria’s Tax Committee Exempts Kerosene, LPG, and CNG from 5% Fuel Surcharge to Ease Cost-of-Living Pressure September 8, 2025 Ekemini The Presidential Fiscal Policy and Tax Reforms Committee has announced that Nigeria’s new 5% fuel surcharge will not apply to essential household energy products such as kerosene, cooking gas (LPG),…
Business Energy Local Dangote Refinery Denies Shutdown Rumors, Reaffirms Commitment to Petrol Supply September 8, 2025 Ekemini The Dangote Petroleum Refinery has dismissed reports suggesting it plans to shut its petrol unit for up to three months, describing the claims as false. The company’s spokesperson, Anthony Chiejina,…
Local Technology Nigeria Launches 1Gov Cloud Project to Drive Paperless Governance Across MDAs September 8, 2025 Ekemini The Federal Government has officially launched the 1Government Cloud (1Gov) Digitalisation Project, a sovereign platform designed to modernise public service and eliminate paper-based operations across Ministries, Departments, and Agencies (MDAs).…
Business Local Technology Transportation Tesla Proposes $1 Trillion Elon Musk Pay Deal with Scaled-Back Promises September 8, 2025 Ekemini Tesla has unveiled a staggering $1 trillion pay package for CEO Elon Musk, but many of the milestones tied to the deal are significantly less ambitious than the promises Musk…
Business Local Technology Samsung Launches Galaxy A07 in Nigeria: Slim Design, Durability, and Affordable Care+ Plan September 8, 2025 Ekemini Samsung Electronics has officially introduced the Galaxy A07 in Nigeria, the latest addition to its popular A-series lineup. Following the success of the Galaxy A06, the new model is designed…
Business International Market Stock Futures Hold Steady as Investors Await Key Inflation Reports This Week September 8, 2025 Ekemini Stock futures opened little changed on Sunday evening as Wall Street prepared for a pivotal week centered on new inflation data. Futures tied to the Dow Jones Industrial Average slipped…
Business insurance Local NGX Lifts Suspension on Universal Insurance as Firm Meets Financial Reporting Obligations September 8, 2025 Ekemini The Nigerian Exchange Limited (NGX) has officially restored trading rights to Universal Insurance Plc, following the insurer’s compliance with its regulatory filing requirements. This development ends weeks of suspension that…
Business Local CBN Governor Cardoso Hints at Interest Rate Cuts as Inflation Eases and Investor Confidence Rises September 8, 2025 Ekemini Nigeria’s Central Bank governor, Olayemi Cardoso, has indicated that interest rates could soon fall as inflation shows signs of cooling and capital inflows strengthen. Speaking at the Eurocham Nigeria C-Level…
Business International Technology Google Antitrust Win Sparks $420 Billion Surge as Tech Giants Hit $21 Trillion Market Value September 8, 2025 Ekemini The U.S. tech industry capped off a historic week, with megacap stocks adding more than $420 billion in market value, pushing their combined worth to an unprecedented $21 trillion. The…
International Macroeconomic Market U.S. Treasury Yields Hold Steady as Investors Await Key Inflation Data September 8, 2025 Ekemini U.S. Treasury yields were little changed on Monday as markets turned their attention to crucial inflation data expected later this week. The benchmark 10-year Treasury yield inched up to 4.089%,…
Business Local Market NGX Slams N133m Fines on 17 Companies Over Late Financial Filings September 8, 2025 Ekemini The Nigerian Exchange Regulation Limited (NGX RegCo) has fined 17 listed companies a total of ₦133.4 million for failing to file their 2024 audited results and interim financial statements for…
Business Local Macroeconomic Nigerian Businesses Struggle as Loan Interest Rates Soar to 36% September 8, 2025 Ekemini Nigerian businesses are reeling under crushing loan costs, with commercial bank interest rates now ranging between 29% and 36%. The rising rates, fueled by persistent inflation and tight monetary policies…
Local Macroeconomic Naira Strengthens to ₦1,514/$, Hits Five-Month High on Strong Dollar Inflows September 8, 2025 Ekemini The Nigerian naira ended last week on a strong note, trading at ₦1,514.86 to the US dollar at the official window, its best performance in nearly five months, according to…
Business International Technology Foreign Investors Bet Big on Lagos as Africa’s Innovation Powerhouse September 8, 2025 Ekemini Lagos is fast emerging as Africa’s leading innovation hub, with foreign investors doubling down on the city’s growing reputation as a fertile ground for startups, digital infrastructure, and entrepreneurial resilience.…
Business investment Local Ghana T-Bills Auction Records 15% Oversubscription as Investor Appetite Grows September 8, 2025 Ekemini Ghana’s Treasury market rebounded strongly last week, with the latest Treasury bills (T-bills) auction recording its first oversubscription in a month. After four consecutive weeks of weak demand, investors showed…
Banking Business Local Macroeconomic Nigeria’s Banks Face Pressure as N3 Trillion Liquidity Surge Tests CBN’s Inflation Fight September 8, 2025 Ekemini Nigeria’s banking sector is swimming in cash, but analysts warn that the flood of liquidity may do more harm than good. In just two weeks, system liquidity has ballooned to…
Business Energy Local Fuel Crisis Looms as NUPENG, IPMAN, and PETROAN Halt Operations Over Clash With Dangote Refinery September 8, 2025 Ekemini Nigerians are bracing for another round of crippling fuel scarcity as key players in the petroleum sector — including the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the…
Business Local FG Boosts Support for SMEs to Tackle Trade Challenges and Enhance Export Competitiveness September 4, 2025 Ekemini The Federal Government has reaffirmed its commitment to supporting small and medium enterprises (SMEs), which account for over 48% of Nigeria’s GDP and provide more than 80% of employment. The…
