Finance investment Local Nigerian Stock Market Loses N135bn in Third Weekly Decline Amid Investor Caution September 25, 2025 Ekemini The Nigerian Exchange Limited (NGX) closed in negative territory for the third time this week, losing N135 billion in market value as investor sentiment weakened. On Thursday, September 25, 2025,…
Finance Local Macroeconomic CBN Cuts MPR to 27%: Experts Praise Move, SMEs Struggle with High Borrowing Costs September 25, 2025 Ekemini The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5% to 27%. The decision, announced at the 302nd…
Finance International Macroeconomic U.S. Treasury Yields Rise Amid Stronger Home Sales and Looming Government Shutdown September 25, 2025 Ekemini U.S. Treasury yields climbed on Wednesday as investors monitored upcoming economic data and weighed the risk of a federal government shutdown next week. The 10-year Treasury yield increased more than…
International Macroeconomic Market Asian Stocks Pause Amid Yen Weakness, Oil Slips as Investors Await Fed Signals September 25, 2025 Ekemini Asian stock markets took a breather on Thursday after a strong rally in recent weeks, as investors searched for new catalysts to drive further gains. Japan’s Nikkei added a modest…
Business Local Stock Dangote Sugar Soars 10% as Nigerian ASI Falls, Fugaz Stocks Drive Market Volume September 25, 2025 Ekemini The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth consecutive session, closing at 140,716.1, a decline of 213.5 points…
Business Local Macroeconomic Naira Abuse Drives Up Printing Costs: CBN Launches Nationwide “Handle with Care” Campaign September 25, 2025 Ekemini The Central Bank of Nigeria (CBN) has sounded the alarm over the rising costs of printing and replacing naira notes, attributing the surge to widespread abuse and poor handling of…
International Technology OpenAI Expands $500 Billion Stargate Project, Eyes Debt Financing and Nvidia Partnership for AI Chip Supply September 24, 2025 Ekemini OpenAI is accelerating its ambitious “Stargate” infrastructure initiative, initially pegged at $500 billion, to meet soaring demand for its AI services, including the popular ChatGPT. The project, first outlined at…
Business Energy Local FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns September 24, 2025 Ekemini The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its 10% stake in the Shell Petroleum Development Company (SPDC) joint…
Business Local Macroeconomic Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth September 24, 2025 Ekemini Nigeria’s finance and insurance sector experienced a remarkable growth of 16.13% in real terms during the second quarter of 2025, according to the latest report from the National Bureau of…
Business Local MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers September 24, 2025 Ekemini The Manufacturers Association of Nigeria (MAN) has raised concerns over the Federal Government’s proposed Tax Stamp System for excisable products, warning that it could increase production costs, hurt consumers, and…
Business Economy Local PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria September 24, 2025 Ekemini The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension industry, expanding health insurance coverage for retirees, and boosting inclusion…
Business Local Macroeconomic Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Eases, MPC Minutes Reveal September 24, 2025 Ekemini The Bank of Ghana has reduced its key lending rate to 21.5 percent, following a 350-basis-point cut approved by four out of six members of its Monetary Policy Committee (MPC).…
Agriculture Business Local Ghana Government Orders Buffer Stock Company to Buy Surplus Grains to Support Farmers and Boost Food Security September 24, 2025 Ekemini The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to begin purchasing surplus grains from farmers nationwide as the country braces for an anticipated bumper harvest…
Business Finance Local Bank of Ghana Sets GH¢2 Million Minimum Capital for Digital Credit Providers to Boost Stability and Consumer Protection September 24, 2025 Ekemini The Bank of Ghana has rolled out new licensing requirements for Digital Credit Service Providers, setting a minimum capital threshold of GH¢2 million for firms seeking approval to operate. The…
Energy Local UNGA80: Global Energy Alliance Commits $16 Million to Boost Clean Energy Access Across Africa September 24, 2025 Ekemini At the 80th United Nations General Assembly (UNGA80), the Global Energy Alliance for People and Planet (GEAPP) unveiled a $16 million investment package aimed at accelerating clean energy access across…
Business Energy Local Oil Workers’ Unions Reject Nigerian Government’s Plan to Sell NNPCL Assets September 24, 2025 Ekemini Two of Nigeria’s most powerful oil workers’ unions — the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers…
International Technology California Senator Scott Wiener Pushes AI Safety Bill SB 53 as Big Tech Softens Opposition September 24, 2025 Ekemini California State Senator Scott Wiener is once again at the center of the fight over how to regulate artificial intelligence. After his high-profile but ultimately vetoed bill SB 1047 last…
International Technology Google’s AI Comeback: From Early Missteps to Market Leader in Just One Year September 24, 2025 Ekemini Once written off as lagging in the artificial intelligence race, Google has stunned the tech world with a dramatic comeback. After early blunders with its Bard chatbot and other AI…
Local Macroeconomic CBN Cuts MPR to 27% After Five Years as Inflation Eases, Banks Meet New Capital Targets September 24, 2025 Ekemini The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) to 27 percent, the first time it has eased interest rates since 2020. The decision, announced…
Local Macroeconomic Nigeria’s 2025 GDP Growth Hinges on Fiscal Discipline, Reforms and Dangote Refinery Impact – Afreximbank’s Yemi Kale September 24, 2025 Ekemini Nigeria’s 2025 growth outlook will only materialise if policymakers maintain fiscal discipline and stay the course on reforms, Dr. Yemi Kale, Group Chief Economist at Afreximbank, has warned. In an…
Business Economy Local Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways September 24, 2025 Ekemini Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening roads and airport runways. Speaking to The PUNCH, the U.S.–based…
Business Local Macroeconomic CBN Cuts Interest Rate to 27% as OPS Seeks Real Credit Relief for Businesses September 24, 2025 Ekemini The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 27 per cent, marking its first cut of 2025 and signaling a shift from monetary tightening to…
Business Local Market Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment September 24, 2025 Ekemini The Nigerian Exchange (NGX) sustained its bearish run on Tuesday, with investors losing about ₦322 billion in market value as cautious sentiment persisted across major counters. The All-Share Index dipped…
Business investment Local Nigerian Stocks Shed ₦220bn as Investors Book Profits Ahead of MPC Rate Decision September 24, 2025 Ekemini The Nigerian Exchange (NGX) witnessed a sharp pullback on Tuesday, wiping ₦220 billion off its market capitalisation as investors locked in profits ahead of the Central Bank of Nigeria’s Monetary…
International Macroeconomic Market European Stocks Dip as Powell Flags High Valuations; Defense Shares Rally on Trump’s Ukraine Comments September 24, 2025 Ekemini European markets slipped on Wednesday morning as investors digested a warning from U.S. Federal Reserve Chair Jerome Powell about inflated equity valuations, even as defense stocks rallied on fresh political…
Business Local Champion Breweries Reports 111% Revenue Surge, 692% Profit Growth After Bullet Acquisition September 24, 2025 Ekemini Champion Breweries Plc has posted a remarkable 111 per cent rise in revenue and a 692 per cent jump in profit after tax for the first half of 2025. The…
Business Local 14 banks have met capital requirement, says Cardoso September 23, 2025 Ekemini Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says about 14 banks have met the regulatory capital requirements. Cardoso spoke on the funding progress during a news conference…
Business Local BREAKING: CBN cuts interest rate to 27% — first in 2025 September 23, 2025 Ekemini The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates from 27.5 percent to 27 percent. Olayemi Cardoso, CBN’s governor, announced the rate adjustment…
Business Economy International Chagoury, the Lebanese -Nigerian industrialist September 23, 2025 Ekemini Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of Miziara in Lebanon and his adopted home, Nigeria. Miziara, a picturesque village of 6,000 perched…
Energy International Technology Inside the Multi-Trillion-Dollar Race to Build AI Infrastructure: Microsoft, Oracle, Meta and More September 23, 2025 Ekemini Tech giants are pouring unprecedented sums into AI infrastructure, sparking a new gold rush in data centers and energy. Nvidia CEO Jensen Huang recently projected that between $3 trillion and…
