CBN MPC Meets to Decide Nigeria’s Interest Rates Amid Easing Inflation and Rising Growth Prospects
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is meeting this week to decide on the nation’s benchmark…
Month: September 2025
Champion Breweries to Raise ₦103 Billion for Bullet Energy Drink Acquisition and Expansion Drive
Champion Breweries Plc has unveiled an ambitious plan to raise ₦103 billion to finance the acquisition of Bullet Energy Drink…
Nigeria–UAE Non-Oil Trade Hits Record $4.3 Billion, Eyes Deeper Economic Partnership
Trade relations between Nigeria and the United Arab Emirates (UAE) reached a historic milestone in 2024, with non-oil commodity exchanges…
GoldBod and GCX Move to Launch Regulated Gold Trading Platform in Ghana
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold…
Ghana’s $3.5bn Food Import Bill at Risk of Rising Amid Galamsey Pollution Crisis
Peasant farmers in Ghana are warning that the country’s already staggering annual food import bill of over $3.5 billion could…
MTN Nigeria on Track for ₦5 Trillion Revenue as Data Becomes Its New Growth Engine
MTN Nigeria Communications Plc is rewriting the playbook for telecoms in Africa’s largest market. The company posted an eye-catching ₦2.38…
Nigeria’s ICT Sector Sustains Strong Real GDP Growth, Driving Non-Oil Economy in Q2 2025
Nigeria’s Information and Communication Technology (ICT) sector continued its upward trajectory in the second quarter of 2025, cementing its place…
Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the Future of Non-Interest Banking in Nigeria
Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has emerged as a…
Indian Tech Stocks Tumble Nearly 3% After Trump’s $100,000 H-1B Visa Fee Hits IT Sector
Indian technology stocks slid sharply on Monday, falling almost 3%, after U.S. President Donald Trump announced a steep new $100,000…
Nigeria’s Finance and Insurance Sector Surges 16.13% in Q2 2025, Strengthening GDP Growth
Nigeria’s Finance and Insurance sector recorded a real growth of 16.13% in the second quarter of 2025, according to new…
UK and US Launch Joint Taskforce to Ease Capital Market Access and Regulate Digital Assets
The United Kingdom and the United States have joined forces to make it easier for businesses to raise funds on…
Nigeria’s Foreign Reserves Surge to $42bn – Six-Year High Boosts Naira Stability and Investor Confidence
Nigeria’s external reserves have soared past the $42 billion mark for the first time since September 2019, hitting a six-year…
Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers
The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income…
Canal+ Completes R35 Billion Takeover of MultiChoice to Boost African TV Market
French media powerhouse Canal+ has officially completed its R35 billion ($2.02 billion) takeover of South Africa’s MultiChoice Group, securing effective…
Nigeria’s GDP Surges 4.32% in Q2 2025 as Oil and Non-Oil Sectors Drive Growth
Nigeria’s economy has demonstrated strong resilience in the second quarter of 2025, with Gross Domestic Product (GDP) growing by 4.32%…
NNPC, PETROAN Push for Technical and Equity Partnership to Revive Port Harcourt Refinery
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to…
Silicon Valley Invests Heavily in AI ‘Environments’ to Train Smarter Agents
Silicon Valley is placing a big bet on a new frontier in artificial intelligence: reinforcement learning (RL) environments. These simulated…
NES #31 to Spotlight Investment Opportunities Amid Global Trade Shifts in Nigeria
As Nigeria gears up for the 31st Nigerian Economic Summit (NES #31) from October 6–8, 2025, the spotlight is on…
Nigeria’s E-Commerce Market Set to Surpass $16 Billion by 2030, Fueled by Jumia, Konga, and Digital Innovation
Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos…
CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen Governance and Stability
The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability in the country’s…
FG Revokes 1,263 Mineral Licenses to Boost Compliance and Attract Genuine Investors
The Federal Government has revoked 1,263 mineral licenses across Nigeria in a major crackdown on non-compliant operators in the solid…
Porsche Shares Drop 7% as Profit Outlook Cut; European Markets Slide Amid U.S. Visa Crackdown
European stock markets slipped on Monday morning as investors reacted to a mix of corporate news and political developments. The…
CBN MPC Meeting: Slowing Inflation Sparks Mixed Rate-Cut Expectations Among Economists
Nigeria’s slowing inflation has created a divide among economists as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC)…
Nigerian Stock Market Weekly Report: NGX Turnover Slumps to N85.20bn Despite ASI Gains
Trading activity on the Nigerian Exchange Limited (NGX) slowed last week as investors exchanged 2.74 billion shares valued at N85.20…
U.S. Inflation Data to Test Fed’s Rate Cut as Markets Eye Friday Report
All eyes are on Washington this week as the Federal Reserve braces for new inflation data that could determine whether…
Falling Inflation Sparks Rate-Cut Speculation as CBN’s MPC Meets in Abuja
Nigeria’s steadily easing inflation is fuelling expectations that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) may finally…
OpenAI Study Shows 70% of ChatGPT Use Is for Personal, Not Work Tasks — Global Adoption Surges
A new study from OpenAI has revealed that the vast majority of ChatGPT users are relying on the AI tool…
China–Nigeria Trade Surges to $15.48 Billion in Seven Months, Strengthening Economic Ties
Bilateral trade between Nigeria and China has soared to $15.48 billion in the first seven months of 2025, marking a…
Dangote Alleges NUPENG Truck Levies Fuel Nigeria’s Pump Price Hikes
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural…
Afreximbank’s FEDA Records $40.3 Million Profit in 2024, Expands Impact Across Africa
The Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (Afreximbank), has reported…