Business Local Macroeconomic CBN MPC Meets to Decide Nigeria’s Interest Rates Amid Easing Inflation and Rising Growth Prospects September 23, 2025 Ekemini The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is meeting this week to decide on the nation’s benchmark interest rate at a time when inflation is cooling, the…
Business Local Champion Breweries to Raise ₦103 Billion for Bullet Energy Drink Acquisition and Expansion Drive September 23, 2025 Ekemini Champion Breweries Plc has unveiled an ambitious plan to raise ₦103 billion to finance the acquisition of Bullet Energy Drink and fund its long-term expansion in Nigeria and across Africa.…
Business International Nigeria–UAE Non-Oil Trade Hits Record $4.3 Billion, Eyes Deeper Economic Partnership September 23, 2025 Ekemini Trade relations between Nigeria and the United Arab Emirates (UAE) reached a historic milestone in 2024, with non-oil commodity exchanges valued at $4.3 billion, according to figures shared by the…
Business Finance investment Local GoldBod and GCX Move to Launch Regulated Gold Trading Platform in Ghana September 23, 2025 Ekemini The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold trading platform in the country. The initiative aims to give…
Agriculture Local Ghana’s $3.5bn Food Import Bill at Risk of Rising Amid Galamsey Pollution Crisis September 23, 2025 Ekemini Peasant farmers in Ghana are warning that the country’s already staggering annual food import bill of over $3.5 billion could rise even higher if government agencies fail to take tougher…
Business Local Technology MTN Nigeria on Track for ₦5 Trillion Revenue as Data Becomes Its New Growth Engine September 23, 2025 Ekemini MTN Nigeria Communications Plc is rewriting the playbook for telecoms in Africa’s largest market. The company posted an eye-catching ₦2.38 trillion revenue in the first half of 2025—up 54.5% from…
Business Local Technology Nigeria’s ICT Sector Sustains Strong Real GDP Growth, Driving Non-Oil Economy in Q2 2025 September 23, 2025 Ekemini Nigeria’s Information and Communication Technology (ICT) sector continued its upward trajectory in the second quarter of 2025, cementing its place as one of the key drivers of the nation’s non-oil…
Banking Business Local Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the Future of Non-Interest Banking in Nigeria September 23, 2025 Ekemini Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has emerged as a case study in values-driven growth. At the centre of this…
International Market Technology Indian Tech Stocks Tumble Nearly 3% After Trump’s $100,000 H-1B Visa Fee Hits IT Sector September 23, 2025 Ekemini Indian technology stocks slid sharply on Monday, falling almost 3%, after U.S. President Donald Trump announced a steep new $100,000 fee for each H-1B visa application. The visa category, which…
Local Macroeconomic Nigeria’s Finance and Insurance Sector Surges 16.13% in Q2 2025, Strengthening GDP Growth September 23, 2025 Ekemini Nigeria’s Finance and Insurance sector recorded a real growth of 16.13% in the second quarter of 2025, according to new data from the National Bureau of Statistics (NBS). This marks…
Business Finance International UK and US Launch Joint Taskforce to Ease Capital Market Access and Regulate Digital Assets September 23, 2025 Ekemini The United Kingdom and the United States have joined forces to make it easier for businesses to raise funds on both sides of the Atlantic. Britain’s finance ministry announced on…
Business Local Macroeconomic Nigeria’s Foreign Reserves Surge to $42bn – Six-Year High Boosts Naira Stability and Investor Confidence September 23, 2025 Ekemini Nigeria’s external reserves have soared past the $42 billion mark for the first time since September 2019, hitting a six-year high and offering renewed hope for currency stability. Fresh figures…
Business Local Market Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers September 23, 2025 Ekemini The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income securities at current market prices rather than at purchase cost.…
Business International Canal+ Completes R35 Billion Takeover of MultiChoice to Boost African TV Market September 23, 2025 Ekemini French media powerhouse Canal+ has officially completed its R35 billion ($2.02 billion) takeover of South Africa’s MultiChoice Group, securing effective control of the continent’s largest pay-TV broadcaster. The two companies…
Business Local Macroeconomic Nigeria’s GDP Surges 4.32% in Q2 2025 as Oil and Non-Oil Sectors Drive Growth September 22, 2025 Ekemini Nigeria’s economy has demonstrated strong resilience in the second quarter of 2025, with Gross Domestic Product (GDP) growing by 4.32% year-on-year, according to the latest data from the National Bureau…
Business Energy Local NNPC, PETROAN Push for Technical and Equity Partnership to Revive Port Harcourt Refinery September 22, 2025 Ekemini Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to consider reputable foreign companies as technical and equity partners in…
International Technology Silicon Valley Invests Heavily in AI ‘Environments’ to Train Smarter Agents September 22, 2025 Ekemini Silicon Valley is placing a big bet on a new frontier in artificial intelligence: reinforcement learning (RL) environments. These simulated workspaces allow AI agents, such as OpenAI’s ChatGPT Agent or…
Business Local NES #31 to Spotlight Investment Opportunities Amid Global Trade Shifts in Nigeria September 22, 2025 Ekemini As Nigeria gears up for the 31st Nigerian Economic Summit (NES #31) from October 6–8, 2025, the spotlight is on how the nation can attract investment in an era of…
Business Finance Local Nigeria’s E-Commerce Market Set to Surpass $16 Billion by 2030, Fueled by Jumia, Konga, and Digital Innovation September 22, 2025 Ekemini Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos Business School (LBS). This growth is being driven by pioneering…
Banking Business Local CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen Governance and Stability September 22, 2025 Ekemini The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability in the country’s banking sector. Under the new rules, all Domestic Systemically Important…
Business Local FG Revokes 1,263 Mineral Licenses to Boost Compliance and Attract Genuine Investors September 22, 2025 Ekemini The Federal Government has revoked 1,263 mineral licenses across Nigeria in a major crackdown on non-compliant operators in the solid minerals sector. Announced on Sunday in Abuja by the Minister…
Business International Stock Porsche Shares Drop 7% as Profit Outlook Cut; European Markets Slide Amid U.S. Visa Crackdown September 22, 2025 Ekemini European stock markets slipped on Monday morning as investors reacted to a mix of corporate news and political developments. The pan-European Stoxx 600 index fell 0.2% shortly after the opening…
Local Macroeconomic CBN MPC Meeting: Slowing Inflation Sparks Mixed Rate-Cut Expectations Among Economists September 22, 2025 Ekemini Nigeria’s slowing inflation has created a divide among economists as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) begins its 302nd meeting in Abuja today. The two-day gathering…
Business Finance Local Nigerian Stock Market Weekly Report: NGX Turnover Slumps to N85.20bn Despite ASI Gains September 22, 2025 Ekemini Trading activity on the Nigerian Exchange Limited (NGX) slowed last week as investors exchanged 2.74 billion shares valued at N85.20 billion across 127,284 deals for the week ended September 19,…
Business International Macroeconomic U.S. Inflation Data to Test Fed’s Rate Cut as Markets Eye Friday Report September 22, 2025 Ekemini All eyes are on Washington this week as the Federal Reserve braces for new inflation data that could determine whether its recent decision to cut interest rates was well-timed. On…
Business Local Macroeconomic Falling Inflation Sparks Rate-Cut Speculation as CBN’s MPC Meets in Abuja September 22, 2025 Ekemini Nigeria’s steadily easing inflation is fuelling expectations that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) may finally cut interest rates when it begins its meeting today in…
International Technology OpenAI Study Shows 70% of ChatGPT Use Is for Personal, Not Work Tasks — Global Adoption Surges September 22, 2025 Ekemini A new study from OpenAI has revealed that the vast majority of ChatGPT users are relying on the AI tool for personal purposes rather than office work. The report shows…
International Macroeconomic China–Nigeria Trade Surges to $15.48 Billion in Seven Months, Strengthening Economic Ties September 22, 2025 Ekemini Bilateral trade between Nigeria and China has soared to $15.48 billion in the first seven months of 2025, marking a 34.7% jump compared to the same period last year. The…
Business Energy Local Dangote Alleges NUPENG Truck Levies Fuel Nigeria’s Pump Price Hikes September 22, 2025 Ekemini Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) of imposing illegal truck levies that are…
Business Finance International Afreximbank’s FEDA Records $40.3 Million Profit in 2024, Expands Impact Across Africa September 22, 2025 Ekemini The Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (Afreximbank), has reported a record net income of $40.3 million for 2024, a…
