Business Local Technology Fintech, Banks, and OFIs Urged to Deepen Collaboration for Sustainable Growth September 3, 2025 Ekemini Financial expert, Samuel Olaniran, has stressed the urgent need for stronger collaboration between fintech companies, traditional banks, and Other Financial Institutions (OFIs) to build trust, drive innovation, and foster sustainable…
Business International Technology 5G Adoption Spurs Smartphone Growth as Shipments Rise 3% in Africa, Middle East September 3, 2025 Ekemini Smartphone shipments across the Middle East and Africa (MEA) rose by 3% year-on-year in the second quarter of 2025, marking a steady rebound in the region’s mobile industry. According to…
Business Local Nigeria’s Economy Expands for 8th Straight Month as CBN Reports Growth Across Key Sectors September 3, 2025 Ekemini Nigeria’s economy continued its upward trajectory in July 2025, recording its eighth consecutive month of growth, according to the Central Bank of Nigeria (CBN). The bank’s Purchasing Managers’ Index (PMI)…
Business Local NES Urges Agricultural, Trade, and Energy Reforms as Key Drivers of Nigeria’s Sustainable Economic Growth September 3, 2025 Ekemini The Nigerian Economic Society (NES) has called for urgent transformation in agriculture, trade, and energy, stressing that Nigeria and other African nations need more than macroeconomic stability to achieve sustainable…
Local Technology Tijani at GITEX Nigeria: Africa Must Build Shared AI Infrastructure to Avoid Global Marginalisation September 3, 2025 Ekemini At the opening of the GITEX Nigeria Summit 2025 in Abuja, Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, urged African leaders to collaborate on building shared artificial…
Business Energy Local Nigeria Strengthens Renewable Energy Drive with Local and International Partnerships September 3, 2025 Ekemini Nigeria is stepping up its renewable energy ambitions with stronger collaborations between local firms and international investors. The Federal Government says these partnerships are vital to achieving sustainable power generation,…
Agriculture International Macroeconomic UK Partners with AGRA in £5m Deal to Boost African Food Security and Trade September 3, 2025 Ekemini The United Kingdom has committed £5 million to support agricultural trade and food security in Africa through a new partnership with the Alliance for a Green Revolution in Africa (AGRA).…
International Macroeconomic Nigeria Faces Remittance Pressure as UK Interest Rates Hit 27-Year High, Pound Weakens Against Naira September 3, 2025 Ekemini Nigeria’s remittance lifeline from the United Kingdom is coming under pressure as borrowing costs in Britain surge to a 27-year high and the pound weakens sharply against the naira. With…
Business Local Macroeconomic GNCCI Urges Government to Stabilize Exchange Rate to Boost Trade and Revenue in Ghana September 3, 2025 Ekemini The Ghana National Chamber of Commerce and Industry (GNCCI) has emphasized the urgent need for government intervention to stabilize the nation’s exchange rate, highlighting its importance for improving living standards…
Business Local Four New Millionaires Emerge In Season 10 Of FCMB Millionaire Promo September 2, 2025 Ekemini A mechanic in Lagos, a computer technician in Osun, a retired civil servant in Abuja, and a wood merchant in Imo are the latest everyday Nigerians to become millionaires through…
Business investment Local $600m monthly diaspora remittances proof of reforms – FG September 2, 2025 Ekemini The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in the past two months, according to figures from the Central…
Energy Local Nigeria’s power sector reforms fail where telecom triumphs September 2, 2025 Ekemini When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications industry emerged as the flagship of reform. Within a decade, mobile penetration soared from under…
Business International Nestle sacks CEO over office romance September 2, 2025 Ekemini Swiss food giant, Nestlé, on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate.” The multinational behind Nespresso coffee capsules…
Business Energy Local Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy Security September 2, 2025 Ekemini Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner South Atlantic Petroleum Limited (Sapetro), aiming to expand exploration and reinforce the country’s energy…
Business International Technology Kola Aina on AI, Local Capital, and Startup Exits: Africa’s Tech Investment Landscape in 2025 September 2, 2025 Ekemini Kola Aina, founding partner of Ventures Platform, has been a pivotal figure in African venture capital for over a decade. Leading a $46 million early-stage fund, Aina has backed more…
Business insurance Local Insurance Firms Rush to Meet Sept 30 Recapitalisation Deadline Amid New NIIRA 2025 Guidelines September 2, 2025 Ekemini Insurance companies across Nigeria are racing against the September 30 deadline to submit their recapitalisation plans to the National Insurance Commission (NAICOM), following the enactment of the Nigeria Insurance Industry…
Finance International Macroeconomic British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken September 2, 2025 Ekemini The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the United Kingdom’s public finances. Sterling traded at 1.3388 USD by…
investment Local Technology SEC Nigeria Launches New Website to Enhance Investor Protection and Market Transparency September 2, 2025 Ekemini The Securities and Exchange Commission (SEC) Nigeria has unveiled its redesigned website, signaling a major push toward digital modernization, improved transparency, and stronger investor protection. The launch reflects the Commission’s…
Local Macroeconomic World Bank drives more budget allocations to critical sectors September 2, 2025 Ekemini Nigeria has leveraged the World Bank’s Programme-for-Results (PforR) to increase funding and budget allocations to key sectors of the economy, Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has…
International Macroeconomic Trump Slams India-U.S. Trade Ties as ‘One-Sided Disaster’ After Modi’s Visit to China September 2, 2025 Ekemini U.S. President Donald Trump has sharply criticized India over trade relations, calling the partnership “a totally one sided disaster” following Indian Prime Minister Narendra Modi’s recent visit to China for…
Business Energy Local Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns September 2, 2025 Ekemini The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as refineries across Saudi Arabia and the wider Middle East undergo maintenance shutdowns. Industry…
Business Local Macroeconomic Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN Governor, and Global Economist Dr. Iyabo Masha September 2, 2025 Ekemini The Nigeria Economic Society (NES) has emphasized the need for inclusive economic growth as it prepares to honour Vice President Kashim Shettima, Central Bank of Nigeria (CBN) Governor Yemi Cardoso,…
Local Technology Nigeria’s Environmental Future Depends on Artificial Intelligence, Experts Warn September 2, 2025 Ekemini Experts have raised fresh concerns that Nigeria’s survival against worsening climate change, resource depletion, and public health risks will depend on how quickly the nation adopts Artificial Intelligence (AI) in…
International Technology ITU: $2.8 Trillion Needed to Close Global Digital Divide by 2030 September 2, 2025 Ekemini The International Telecommunication Union (ITU) has revealed that between $2.6 trillion and $2.8 trillion will be required to connect the 2.6 billion people still offline by 2030, according to its…
investment Local Macroeconomic Nigeria First’ Policy to Generate N3 Trillion for Economy, Says Trade Minister September 2, 2025 Ekemini The Federal Government has projected earnings of about N3 trillion from its ‘Nigeria First’ policy, a campaign designed to encourage the patronage of locally made goods and services. The initiative,…
Business International Macroeconomic Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation September 2, 2025 Ekemini Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a record high. Investors are closely watching economic data due later…
Local Technology Startups tap eSIM boom to disrupt telcos September 2, 2025 Ekemini Nigeria’s telecom sector is witnessing a new wave of disruption as technology startups in the eSIM space emerge to challenge established operators like MTN, Airtel, 9mobile, and Glo. While these…
Business International European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment September 2, 2025 Ekemini European equities opened the week on a steady note as gains in Chinese technology stocks helped balance pressure from rising bond yields. The pan-European STOXX 600 index inched up 0.1%,…
Business Local Stock NGX Opens September with ₦363bn Loss as Market Indices Decline September 2, 2025 Ekemini The Nigerian Exchange (NGX) began September on a bearish note, with investors losing a total of ₦363 billion in market value on Monday, September 2, 2025. Market capitalisation dropped to…
Local Macroeconomic Market Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts Naira Stability September 2, 2025 Ekemini Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan transactions instead of demanding U.S. dollars. Forex traders attribute this shift, alongside the rise…
