Nigerian Stock Market Loses N135bn in Third Weekly Decline Amid Investor Caution
The Nigerian Exchange Limited (NGX) closed in negative territory for the third time this week, losing N135 billion in market…
Month: September 2025
CBN Cuts MPR to 27%: Experts Praise Move, SMEs Struggle with High Borrowing Costs
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down…
U.S. Treasury Yields Rise Amid Stronger Home Sales and Looming Government Shutdown
U.S. Treasury yields climbed on Wednesday as investors monitored upcoming economic data and weighed the risk of a federal government…
Asian Stocks Pause Amid Yen Weakness, Oil Slips as Investors Await Fed Signals
Asian stock markets took a breather on Thursday after a strong rally in recent weeks, as investors searched for new…
Dangote Sugar Soars 10% as Nigerian ASI Falls, Fugaz Stocks Drive Market Volume
The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth…
Naira Abuse Drives Up Printing Costs: CBN Launches Nationwide “Handle with Care” Campaign
The Central Bank of Nigeria (CBN) has sounded the alarm over the rising costs of printing and replacing naira notes,…
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…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its…
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,…
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,…
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…
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…
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…
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…
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…
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)…
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.…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
14 banks have met capital requirement, says Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says about 14 banks have met the regulatory capital requirements. Cardoso spoke…
BREAKING: CBN cuts interest rate to 27% — first in 2025
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates from 27.5 percent to…
Chagoury, the Lebanese -Nigerian industrialist
Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of Miziara in Lebanon and his…
Inside the Multi-Trillion-Dollar Race to Build AI Infrastructure: Microsoft, Oracle, Meta and More
Tech giants are pouring unprecedented sums into AI infrastructure, sparking a new gold rush in data centers and energy. Nvidia…