Dollar Weakens, Gold Hits Record High as Markets Await Fed Rate Decision
Global markets steadied on Wednesday as investors braced for a widely expected interest rate cut from the U.S. Federal Reserve,…
Month: September 2025
UK and US Sign $42 Billion Tech Partnership to Boost AI, Quantum Computing and Nuclear Energy
Britain and the United States have sealed a landmark “Tech Prosperity Deal” worth £31 billion ($42 billion), marking U.S. President…
Cedi Loses Steam: Ghana’s Currency Appreciation Against Dollar Slows to 21% Amid Market Pressures
Ghana’s cedi, which dazzled global markets with record gains earlier this year, is now losing momentum. New Bank of Ghana…
FintechNGR Strengthens Collaboration with CBN and Lawmakers to Drive Nigeria’s Fintech Growth
The Fintech Association of Nigeria (FintechNGR) has stepped up efforts to deepen collaboration with key regulators and lawmakers in a…
Dangote Group Eyes Global Leadership in Urea Fertiliser Exports by 2026, Unveils CNG Fleet to Create 24,000 Jobs
Nigeria is set to emerge as a global force in fertiliser and petrochemicals as the Dangote Group targets becoming the…
Experts Question Presidency’s Claim That Nigeria’s Inflation Will Drop to Single Digit Amid Economic Hardships
The Presidency has assured Nigerians that the nation’s inflation rate is on track to fall into single digits, a development…
Naira appreciates to N1,497/$ at official market — first time since March
The naira appreciated to N1,497.46 per dollar at the official foreign exchange (FX) market on Monday. The currency appreciated by…
Presidency Reassures Nigerians Over Oil JV Divestment Amid Atiku’s Warnings on Energy Security
The Nigerian Presidency has pushed back against former Vice President Atiku Abubakar’s concerns regarding potential divestment in key oil and…
Africa’s 5G Adoption Lags Despite $28 Billion Investment: Only 1% Connected in 2024
Despite pouring $28 billion into next-generation mobile networks over the past five years, only one in every 100 Africans was…
OpenAI Launches GPT-5-Codex: AI Coding Agent Gets Smarter, More Dynamic
OpenAI has unveiled a major upgrade to its AI coding agent, Codex, with the release of GPT-5-Codex. The new model…
Nigeria, Other Nations to Unlock $2.1 Billion in Digital Trade Through DCO Membership
Nigeria’s role in the Digital Cooperation Organization (DCO) is set to create a significant boost for digital trade, innovation, and…
Naira Strengthens Below ₦1,500/$ Amid Rising FX Inflows and Growing Reserves
Nigeria’s naira on Monday posted a significant recovery against the United States dollar, trading below the ₦1,500/$ mark for the…
Africa Loses $200 Billion Annually to Poor Sanitation — World Bank Urges Urgent Investment
The World Bank has sounded the alarm on the growing sanitation crisis, revealing that Africa loses an estimated $200 billion…
European Stocks Dip as U.S.-China Trade Talks and Fed Decision Loom
European equities opened slightly lower on Tuesday as investors weighed the latest signals from ongoing U.S.-China trade negotiations. The pan-European…
Turning stock market downturns into long-term gains
In Nigeria, headlines about plunging indices, falling share prices, and foreign capital flight often stir anxiety among investors. Yet experts…
Five NGX-Listed Companies Forecast N24.34bn Combined Profit for 2025 Financial Year
Five companies listed on the Nigerian Exchange (NGX) have projected a combined profit after tax of ₦24.34 billion for the…
Nigerian Banks Hold Record Excess Cash as System Liquidity Climbs to ₦2.1 Trillion
Nigerian banks are awash with cash as system liquidity hit a record ₦2.1 trillion last week, reflecting reduced intervention by…
Nigeria’s External Reserves Surge 12% to $41.66 Billion Amid Naira Gains and Rising Remittances
Nigeria’s external reserves have recorded a strong rebound, rising by 12 per cent in just three months to hit $41.663…
Nigeria Leads Global AI Adoption with Privacy-First Approach
Nigeria has emerged as a world leader in artificial intelligence (AI) adoption, outpacing global averages in both deployment and privacy…
Nigeria’s August Inflation Slowdown Sparks Calls for CBN to Cut Interest Rates
Nigeria’s inflation rate eased again in August 2025, extending its months-long slowdown and stirring debate among economists, businesses and citizens.…
Nigeria’s Inflation Drops to 20.12% in August 2025 as Food Prices Ease – NBS Report
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, dropping to 20.12% from 21.88% in July, according…
Asia Stocks Hit Four-Year Highs as Dollar Slips; Investors Await Fed Rate Cut Decision
Asian equities surged to multi-year highs on Tuesday while the U.S. dollar weakened, as global investors positioned for an anticipated…
Google Unveils $6.8 Billion UK Investment and New Data Centre Ahead of Trump’s State Visit
Google has announced a massive £5 billion ($6.8 billion) investment in the United Kingdom just days before U.S. President Donald…
Fuel Prices in Ghana to Rise from September 16: Diesel Up 9.4%, Petrol 4%, LPG 7.6% – COPEC
Ghanaians should brace for another round of fuel price hikes from Tuesday, September 16, 2025, as the second pricing window…
Dangote Group Denies Allegations of Cheaper Petrol Sales in Togo Amid Pricing Dispute with Nigerian Marketers
The Dangote Group has firmly denied accusations that its multibillion-dollar refinery in Nigeria sells petrol to international traders in Togo…
Nigeria Suspends Controversial 4% Import Duty Levy to Ease Trade Pressure
The Federal Government has suspended the controversial four per cent Free on Board (FOB) import duty levy recently introduced by…
Elon Musk buys $1billion worth of Tesla stock
Tesla Inc.’s shares rallied on Monday after CEO Elon Musk bought about $1 billion worth of the company’s stock, his…
Top 10 AI-Dependent Nations in 2025: How Countries Are Embracing Artificial Intelligence
Artificial Intelligence (AI) is no longer a futuristic concept—it has become an integral part of daily life across the globe.…
Africa’s Fintech Boom Driven by Hidden Infrastructure: How Backend Platforms Like Unipesa Power Cross-Border Growth
Africa’s fintech scene often grabs attention with sleek apps and billion-dollar startups, but the real engine driving this growth lies…
US Cuts Nigerian Imports by 41% in July Amid Rising Tariffs, Raising Concerns for Trade Relations
The United States sharply reduced its imports of Nigerian goods by more than 40% in July 2025, signaling a worrying…