Business International Technology African Businesses Face 35% Higher Technology Costs, IFC Urges Digital Investment September 4, 2025 Ekemini African businesses are grappling with technology costs up to 35% higher than their global counterparts, the International Finance Corporation (IFC) has revealed. Speaking at GITEX Nigeria 2025 in Lagos on…
Finance Local Technology CBN Strengthens Digital Payments with Geo-Tagged PoS Terminals and ISO 20022 Standards September 4, 2025 Ekemini The Central Bank of Nigeria (CBN) is stepping up measures to secure digital transactions with new rules for point-of-sale (PoS) terminals, introducing mandatory geo-tagging and global payment standards. Governor Dr.…
Business Energy Local BPE Moves to List Two DisCos and One GenCo on NGX, Eyes N312 Billion in 2025 Revenue September 4, 2025 Ekemini The Bureau of Public Enterprises (BPE) has announced plans to list two electricity distribution companies (DisCos) and one generation company (GenCo) on the Nigerian Exchange (NGX) as part of efforts…
Business International Stock Jet2 Shares Plunge 14% as Airline Lowers Profit Forecast Amid Slower Bookings September 4, 2025 Ekemini Jet2, the UK-based leisure airline, saw its shares tumble 14% on Thursday after the company warned that its full-year profits are likely to land at the lower end of market…
Business Local Stock NGX Penny Stocks Set to Soar Again This September: Top Affordable Picks for Retail Investors September 4, 2025 Ekemini As of August 2025, investors who placed N1 million on Nigeria’s penny stocks at the start of the year could have doubled or even quintupled their money. Companies like Mutual…
Business Finance Local Ghanaian Cedi Loses Ground as Import Demand Surges Ahead of Holiday Season September 4, 2025 Ekemini The Ghanaian cedi’s recent status as a global top performer has hit a stumbling block as rising demand for dollars by importers weighs on the currency. Companies stocking up for…
Banking Business Local Fintech Drives Financial Inclusion in Nigeria: Experts Highlight Banking and Insurance Growth Opportunities September 4, 2025 Ekemini Nigeria’s journey to broaden financial inclusion has received a significant boost from fintech, with experts highlighting its potential to bring millions of unbanked citizens into the formal banking and insurance…
Local Technology Nigeria Targets 21% ICT Contribution to GDP by 2027, Launches ₦75m Research Grant September 4, 2025 Ekemini The Federal Government has set an ambitious target to raise the contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) from the current 18…
Local Macroeconomic Market Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts September 4, 2025 Ekemini Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per US dollar, a modest depreciation of 3.1% compared to current…
Business Energy Local FG to List Power Assets on Nigerian Exchange to Boost Transparency and Investor Confidence September 4, 2025 Ekemini The Federal Government has unveiled plans to list three of Nigeria’s top-performing power assets on the Nigerian Exchange (NGX), in a move expected to attract fresh investments and deepen capital…
Business Local Technology MTN Ghana to Gradually Phase Out 2G and 3G Networks, Prioritizes Smooth Transition to 4G September 4, 2025 Ekemini MTN Ghana has announced plans to gradually phase out its 2G and 3G networks, assuring customers that the transition will be handled with care. The move, according to the company,…
Local Macroeconomic Edun Pushes National Single Window to Boost Trade, Revenue, and Economic Stability September 4, 2025 Ekemini Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment to launching the National Single Window project, a digital trade facilitation system…
International Macroeconomic Market Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide September 4, 2025 Ekemini Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction of Japanese government bonds. The upbeat sentiment helped ease investor…
Business Local Stock Nigerian Stock Market Slumps by N368bn as Profit-Taking Weighs on Investors September 4, 2025 Ekemini The Nigerian equities market suffered another setback as sustained profit-taking dragged the market into a deeper slump, wiping off ₦368 billion in value. The market closed Wednesday in the red,…
International Technology Tech News: Google Ordered to Pay $425 Million in Privacy Lawsuit After Jury Verdict September 4, 2025 Ekemini Google has been ordered to pay $425 million in damages after a federal jury in San Francisco found the tech giant liable for violating users’ privacy. The class-action case centered…
Agriculture Business Local Security Boost: FG Empowers 37 Young Agripreneurs with N18.5m Start-Up Capital September 4, 2025 Ekemini The Federal Government has taken another step toward strengthening food security and tackling graduate unemployment as the Ogun–Oshun River Basin Development Authority (O-ORBDA) graduated 37 young agripreneurs under its Graduate…
Business Crypto International Bitget Expands RWA Futures With Apple, Amazon, and Big Tech Stocks September 4, 2025 Ekemini Bitget, a leading cryptocurrency exchange and Web3 innovator, has announced the expansion of its Real-World Asset (RWA) Index Perpetual Futures, adding five global giants, Apple (AAPL), Alphabet/Google (GOOGL), Amazon (AMZN),…
Business Local Macroeconomic Nigeria’s Non-Oil Revenue Soars 40% to N20.6tn in 2025, Presidency Hails Fiscal Reforms September 4, 2025 Ekemini Nigeria’s Presidency has announced a significant boost in non-oil revenues, reporting a 40.5 percent rise to N20.6 trillion between January and August 2025. The figures, released on Wednesday in a…
Business Local Macroeconomic CBN FX Reforms Boost Yuan-Naira Trade as Naira Gains Stability September 4, 2025 Ekemini The Central Bank of Nigeria’s recent foreign exchange reforms are strengthening confidence in the naira and opening new opportunities for trade with China. Analysts say the reforms, which calmed volatility…
Business Energy Local CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues September 3, 2025 Ekemini The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal Government scales back subsidies, according to retailers and industry insiders.…
Business Energy Local Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global Reach September 3, 2025 Ekemini Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the United States, signaling its growing influence in the global petroleum market. According to trade…
Business investment Local SEC Warns Nigerians to Beware of Online Investment Scams, Advises Verification Before Investing September 3, 2025 Ekemini The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians about the growing threat of online financial scams promising unrealistic returns. Director-General Emomotimi Agama highlighted the importance…
Business International Stock Watches of Switzerland Shares Soar 8% Despite U.S. Tariffs, Deutsche Bank Upgrades Stock September 3, 2025 Ekemini European stocks opened higher on Wednesday, reversing losses from the previous session as investors gained confidence amid ongoing fiscal concerns across the region. By 10:30 a.m. London time, the pan-European…
Business Local Stock Nigerian Stock Market Drops 984 Points as Four Stocks Hit 10% Loss; SEPLAT Leads Market Value September 3, 2025 Ekemini The Nigerian stock market closed the week on a sour note as the All-Share Index (ASI) fell 984.55 points on September 2, 2025, ending at 138,737.64. The decline, which represents…
Agriculture Business Local Fintech Offers N3m Agric Financing, SMEs Funding September 3, 2025 Ekemini A new digital-first financial institution, Andray Finance Limited, is stepping into Nigeria’s lending space with a promise to transform access to credit. The Lagos-based company announced it is offering up…
Business International Macroeconomic Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China September 3, 2025 Ekemini Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria and China. The arrangement, which allows both countries to trade…
Business Local Stock Nigerian Stock Market Suffers N623bn Loss as Lafarge Africa, 47 Firms Lead Selloffs September 3, 2025 Ekemini The Nigerian stock market continued its bearish run yesterday, wiping out N623 billion in market value, as heavy selloffs in Lafarge Africa Plc and 47 other companies dragged the market…
International Technology OpenAI Acquires Statsig in $1.1 Billion All-Stock Deal to Boost AI Product Testing September 3, 2025 Ekemini OpenAI, the company behind ChatGPT, has announced the acquisition of product testing startup Statsig in a $1.1 billion all-stock transaction, marking one of its largest takeovers to date. The deal…
Business Local Macroeconomic Nigeria’s Business Confidence Index Climbs to 107.3 Despite Financing and Structural Challenges September 3, 2025 Ekemini Nigeria’s business environment showed modest improvement in August 2025, with the Current Business Performance Index rising to 107.3 points, according to the latest NESG-Stanbic IBTC Business Confidence Monitor (BCM). This…
Business Local Nigerian Stock Market Sheds N985.7bn in Two Days as Investor Sell-Off Deepens September 3, 2025 Ekemini The Nigerian stock market has suffered heavy losses at the start of September, wiping out nearly N985.7 billion in market value within just two trading days. The downturn, driven by…
