Business investment Local Ghana Treasury Bills Oversubscribed as Investor Demand Surges Despite Falling Yields September 22, 2025 Ekemini Investor appetite for Ghana’s short-term government securities remained strong last week, as Treasury bills were oversubscribed despite falling yields. According to the Bank of Ghana’s latest auction data, the government…
Business Local Stock Naira Strengthens as CBN Injects $150m, FX Market Turnover Soars 75% September 22, 2025 Ekemini Nigeria’s foreign exchange market saw a dramatic turnaround last week, with the naira regaining ground and trading activity surging. According to fresh data, total FX turnover jumped 74.6 per cent…
Banking Business Local Nigerian Banks Park Surplus Cash at CBN Lending Window as Interbank Market Stalls September 22, 2025 Ekemini Nigeria’s banking sector is swimming in cash, but instead of driving up lending between institutions, banks are choosing to park surplus funds with the Central Bank of Nigeria (CBN). Industry…
Business Energy Local Nigeria Supplies 67.6 Million Barrels of Crude to Local Refineries, But Demand Still Outpaces Supply September 22, 2025 Ekemini The Federal Government says it delivered over 67.6 million barrels of crude oil to Nigeria’s domestic refineries between January and August 2025. The disclosure, made by the Nigerian Upstream Petroleum…
Business International investment Technology Trump Confirms Murdoch, Oracle and Dell in TikTok U.S. Takeover Talks Amid Push for 50% American Ownership September 22, 2025 Ekemini The long-running saga over TikTok’s future in the United States is reaching a turning point. President Donald Trump confirmed over the weekend that some of America’s most powerful business leaders…
Business Local Macroeconomic Tinubunomics Under Fire: Abuja SMEs Struggle With Rising Costs, Taxes, and Uncertain Policies September 22, 2025 Ekemini Small and medium-scale enterprises (SMEs) in Nigeria’s capital city are sounding the alarm over a mounting cost crisis that is threatening their survival. Under President Bola Tinubu’s economic reforms—popularly dubbed…
Business Local Technology Legend Internet Posts Profit Surge but Faces Cash Crunch Amid Rising Costs in Nigeria’s ISP Market September 19, 2025 Ekemini Legend Internet Plc, Nigeria’s first publicly listed internet service provider (ISP), has delivered stronger annual profits even as it battles mounting costs and dwindling cash reserves. The company’s 2025 financial…
Business Local Afreximbank Warns of $330 Billion MSME Financing Gap in Africa, Calls for Inclusive Financial Reforms September 19, 2025 Ekemini The African Export–Import Bank (Afreximbank) has sounded the alarm over a staggering $330 billion financing gap facing micro, small, and medium enterprises (MSMEs) across Africa. Despite making up more than…
Business Finance Local VFD Group Completes N4.24 Billion Commercial Paper Redemption, Reinforcing Investor Confidence in Nigeria’s Debt Market September 19, 2025 Ekemini VFD Group Plc has successfully redeemed its ₦4.24 billion Series 4 Commercial Paper, issued on December 19, 2024, under its ₦20 billion Commercial Paper Programme. The full repayment, announced on…
Business Local Market Nigerian Stocks Outperform Inflation: What August 2025’s Drop Means for Equity Investors September 19, 2025 Ekemini Nigeria’s stock market is extending its winning streak, delivering returns well above the country’s cooling inflation rate. With August inflation easing to 20.13% from July’s 21.88%, the Nigerian Exchange All-Share…
Business International Market Continental Stock Soars 32% After Aumovio Spin-Off Amid European Market Gains September 19, 2025 Ekemini European markets opened higher on Friday as investors weighed trade developments and economic data across the region. The pan-European Stoxx 600 index rose 0.3% in early London trading, with most…
Business Local Market Nigerian Stock Market Adds ₦309bn as Investors Snap Up Dangote Cement and Blue-Chip Shares September 19, 2025 Ekemini The Nigerian stock market closed firmly in positive territory on Tuesday, adding a hefty ₦309 billion to its value as investors renewed their appetite for Dangote Cement Plc and other…
Business Local Macroeconomic Economist Warns Bank of Ghana’s Aggressive Rate Cut Risks Inflation Amid Rising Utility Tariffs September 19, 2025 Ekemini Economist Professor Patrick Asuming has cautioned the Bank of Ghana (BoG) over its latest policy decision, describing the central bank’s 350-basis-point rate cut as “too aggressive” given looming hikes in…
Business International China Reaffirms Commitment to Nigeria Under Global Governance Initiative (GGI) September 19, 2025 Ekemini China has restated its commitment to working closely with Nigeria and other African nations under the new Global Governance Initiative (GGI). At a one-day seminar in Abuja themed “Opportunities for…
Business International Global Economy Shows Resilience Amid Trump’s Trade and Fed Policy Shocks September 19, 2025 Ekemini The world economy is defying expectations in the early months of President Donald Trump’s administration. Despite a wave of policy shocks – from aggressive tariff threats to an attempted shake-up…
Business Local Technology Google’s Equiano Submarine Cable to Boost Nigeria’s Economy by $11.1 Billion and Drive Africa’s Digital Growth September 19, 2025 Ekemini Google has announced that its Equiano submarine cable and broader Africa Connect programme will significantly boost Nigeria’s economy by an estimated $11.1 billion in real GDP this year alone. South…
Local Technology Group raises alarm over massive data breach in Nigeria September 19, 2025 Ekemini Nigeria’s leading digital rights advocacy group, Paradigm Initiative, has sounded a stark warning over what it calls a “massive data breach” exposing millions of citizens — including top government officials…
Local Macroeconomic FAAC Disburses N2.22 Trillion to Federal, State, and Local Governments for August 2025 Revenue Allocation September 19, 2025 Ekemini The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among Nigeria’s federal, state, and local governments for August 2025, marking one of the largest allocations in…
Business Local Court Halts NUPENG Strike Threat Against Dangote Refinery and Oil Partners September 19, 2025 Ekemini A National Industrial Court sitting in Abuja has stopped the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Direct Trucking Company Drivers’ Association from disrupting operations at…
Business Local Macroeconomic NECA Urges CBN to Cut Interest Rates as Inflation Eases, Calls for Relief for Nigerian Businesses and Households September 19, 2025 Ekemini The Nigeria Employers’ Consultative Association (NECA) has applauded the steady decline in Nigeria’s inflation rate, saying it offers a rare chance to re-ignite growth. According to the latest Consumer Price…
Business International Technology Google Invests $9M in African Universities, Launches AI Tools and Subsea Cable Hubs to Boost Connectivity September 19, 2025 Ekemini Google has reaffirmed its commitment to Africa with a major announcement that includes a $9 million fund for universities, new subsea cable connectivity hubs, and Artificial Intelligence (AI) tools aimed…
Banking Local Technology Nigerian Banks Urged to Boost Cybersecurity Amid Surge in Fraud Losses September 19, 2025 Ekemini Cybersecurity experts are warning that Nigerian banks must urgently increase investments in digital defenses as cybercrime continues to cost the sector billions. The Nigeria Inter-Bank Settlement System (NIBSS) reported that…
Business Energy Local Experts Divided Over NERC’s Net Billing Plan: Nigeria’s Solar Energy Future at a Crossroads September 19, 2025 Ekemini Energy experts are divided over the Nigerian Electricity Regulatory Commission’s (NERC) proposed net billing plan, a regulation that would allow solar power users to sell excess electricity back to the…
Business International Technology Google to Launch Four Africa Infrastructure Hubs to Boost Internet Access and AI Growth September 19, 2025 Ekemini Google is set to transform Africa’s digital landscape with the establishment of four new infrastructure hubs across the continent. The announcement was made by Alex Okosi, Google’s Africa Managing Director,…
Business Local Stock Nigeria’s Pharma Stocks Surge: Fidson and May & Baker Lead Market Rally Amid Growing Healthcare Demand September 19, 2025 Ekemini Nigeria’s pharmaceutical sector has emerged as a standout performer on the stock market in 2025, with Fidson and May & Baker posting year-to-date gains of 117 percent and 86.2 percent…
Agriculture Local Macroeconomic FG to Disburse ₦250 Billion Bank of Agriculture Loans, Insures 250,000 Farmers to Boost Food Security September 19, 2025 Ekemini The Federal Government has announced plans to disburse ₦250 billion in loans through the Bank of Agriculture to support smallholder farmers, while also insuring 250,000 farmers across eight states. Vice…
Business Finance Local Standard Chartered Hosts Economic Roundtable in Accra, Pledges Support for Ghanaian Businesses and Growth September 19, 2025 Ekemini Standard Chartered Ghana convened a high-level Business and Economic Roundtable at its Accra headquarters, gathering senior government officials, private sector leaders, and development partners to explore strategies for Ghana’s economic…
Business Local Macroeconomic FAAC Distributes N2.2 Trillion August 2025 Revenue to FG, States and LGs September 18, 2025 Ekemini The Federation Account Allocation Committee (FAAC) on Wednesday announced that the Federal Government, states, and local government councils shared a total of N2.225 trillion as August 2025 revenue, representing an…
Business Local Olisa Agbakoba Urges Nigerian Government to Build Sustainable Business Environment for Private Sector Growth September 18, 2025 Ekemini Former Nigerian Bar Association (NBA) President and maritime law expert, Dr. Olisa Agbakoba, has called on the federal government to prioritise creating a sustainable and enabling business environment rather than…
Business Local Expert Champions Ethical Procurement, Sustainable Growth September 18, 2025 Ekemini The just-concluded IFMA Global Africa Conference 2025 in Lagos gathered facility-management leaders, policymakers, and innovators from across the continent to discuss the future of the industry. The event created a…
