International Macroeconomic Market Dollar Weakens, Gold Hits Record High as Markets Await Fed Rate Decision September 17, 2025 Ekemini Global markets steadied on Wednesday as investors braced for a widely expected interest rate cut from the U.S. Federal Reserve, sending the dollar lower and gold prices to fresh record…
Business International investment Technology UK and US Sign $42 Billion Tech Partnership to Boost AI, Quantum Computing and Nuclear Energy September 17, 2025 Ekemini Britain and the United States have sealed a landmark “Tech Prosperity Deal” worth £31 billion ($42 billion), marking U.S. President Donald Trump’s second state visit to the UK. The agreement…
Business Local Market Cedi Loses Steam: Ghana’s Currency Appreciation Against Dollar Slows to 21% Amid Market Pressures September 17, 2025 Ekemini Ghana’s cedi, which dazzled global markets with record gains earlier this year, is now losing momentum. New Bank of Ghana figures show the local currency’s year-to-date appreciation against the U.S.…
Business Local Technology FintechNGR Strengthens Collaboration with CBN and Lawmakers to Drive Nigeria’s Fintech Growth September 17, 2025 Ekemini The Fintech Association of Nigeria (FintechNGR) has stepped up efforts to deepen collaboration with key regulators and lawmakers in a bid to accelerate the growth of Nigeria’s fast-expanding financial technology…
Business Energy Local Dangote Group Eyes Global Leadership in Urea Fertiliser Exports by 2026, Unveils CNG Fleet to Create 24,000 Jobs September 17, 2025 Ekemini Nigeria is set to emerge as a global force in fertiliser and petrochemicals as the Dangote Group targets becoming the world’s largest exporter of urea fertiliser by 2026. Group President…
Local Macroeconomic Experts Question Presidency’s Claim That Nigeria’s Inflation Will Drop to Single Digit Amid Economic Hardships September 17, 2025 Ekemini The Presidency has assured Nigerians that the nation’s inflation rate is on track to fall into single digits, a development it says will improve living standards and ease pressure on…
Business Local Macroeconomic Naira appreciates to N1,497/$ at official market — first time since March September 17, 2025 Ekemini The naira appreciated to N1,497.46 per dollar at the official foreign exchange (FX) market on Monday. The currency appreciated by 0.21 percent from N1,501.49/$ recorded on September 12. The current…
Energy Local Presidency Reassures Nigerians Over Oil JV Divestment Amid Atiku’s Warnings on Energy Security September 16, 2025 Ekemini The Nigerian Presidency has pushed back against former Vice President Atiku Abubakar’s concerns regarding potential divestment in key oil and gas Joint Ventures (JVs), assuring the public that energy security…
International Technology Africa’s 5G Adoption Lags Despite $28 Billion Investment: Only 1% Connected in 2024 September 16, 2025 Ekemini Despite pouring $28 billion into next-generation mobile networks over the past five years, only one in every 100 Africans was connected to 5G by the end of 2024. According to…
International Technology OpenAI Launches GPT-5-Codex: AI Coding Agent Gets Smarter, More Dynamic September 16, 2025 Ekemini OpenAI has unveiled a major upgrade to its AI coding agent, Codex, with the release of GPT-5-Codex. The new model is designed to “think” more dynamically than previous versions, allowing…
Local Technology Nigeria, Other Nations to Unlock $2.1 Billion in Digital Trade Through DCO Membership September 16, 2025 Ekemini Nigeria’s role in the Digital Cooperation Organization (DCO) is set to create a significant boost for digital trade, innovation, and economic growth across member nations. During its inaugural session, the…
Business Local Macroeconomic Naira Strengthens Below ₦1,500/$ Amid Rising FX Inflows and Growing Reserves September 16, 2025 Ekemini Nigeria’s naira on Monday posted a significant recovery against the United States dollar, trading below the ₦1,500/$ mark for the first time in more than six months. The Central Bank…
Business Local Macroeconomic Africa Loses $200 Billion Annually to Poor Sanitation — World Bank Urges Urgent Investment September 16, 2025 Ekemini The World Bank has sounded the alarm on the growing sanitation crisis, revealing that Africa loses an estimated $200 billion every year in economic potential due to inadequate water and…
Business International Market European Stocks Dip as U.S.-China Trade Talks and Fed Decision Loom September 16, 2025 Ekemini European equities opened slightly lower on Tuesday as investors weighed the latest signals from ongoing U.S.-China trade negotiations. The pan-European Stoxx 600 index slipped 0.27% to 555.63 by 9:30 a.m.…
Business Finance Local Turning stock market downturns into long-term gains September 16, 2025 Ekemini In Nigeria, headlines about plunging indices, falling share prices, and foreign capital flight often stir anxiety among investors. Yet experts say these downturns should not be seen as a signal…
Business Local Five NGX-Listed Companies Forecast N24.34bn Combined Profit for 2025 Financial Year September 16, 2025 Ekemini Five companies listed on the Nigerian Exchange (NGX) have projected a combined profit after tax of ₦24.34 billion for the 2025 financial year, according to their earnings forecasts filed recently…
Banking Local Macroeconomic Nigerian Banks Hold Record Excess Cash as System Liquidity Climbs to ₦2.1 Trillion September 16, 2025 Ekemini Nigerian banks are awash with cash as system liquidity hit a record ₦2.1 trillion last week, reflecting reduced intervention by the Central Bank of Nigeria (CBN) and fresh government inflows.…
Business Local Macroeconomic Nigeria’s External Reserves Surge 12% to $41.66 Billion Amid Naira Gains and Rising Remittances September 16, 2025 Ekemini Nigeria’s external reserves have recorded a strong rebound, rising by 12 per cent in just three months to hit $41.663 billion, the highest level since November 2021. According to the…
Business Local Technology Nigeria Leads Global AI Adoption with Privacy-First Approach September 16, 2025 Ekemini Nigeria has emerged as a world leader in artificial intelligence (AI) adoption, outpacing global averages in both deployment and privacy safeguards, according to a new study by Arion Research. The…
Local Macroeconomic Nigeria’s August Inflation Slowdown Sparks Calls for CBN to Cut Interest Rates September 16, 2025 Ekemini Nigeria’s inflation rate eased again in August 2025, extending its months-long slowdown and stirring debate among economists, businesses and citizens. While experts welcomed the softer inflation as a sign of…
Business Local Macroeconomic Nigeria’s Inflation Drops to 20.12% in August 2025 as Food Prices Ease – NBS Report September 16, 2025 Ekemini Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, dropping to 20.12% from 21.88% in July, according to the latest data released by the National Bureau of…
International Macroeconomic Market Asia Stocks Hit Four-Year Highs as Dollar Slips; Investors Await Fed Rate Cut Decision September 16, 2025 Ekemini Asian equities surged to multi-year highs on Tuesday while the U.S. dollar weakened, as global investors positioned for an anticipated interest rate cut by the U.S. Federal Reserve. Market sentiment…
Business International investment Google Unveils $6.8 Billion UK Investment and New Data Centre Ahead of Trump’s State Visit September 16, 2025 Ekemini Google has announced a massive £5 billion ($6.8 billion) investment in the United Kingdom just days before U.S. President Donald Trump’s state visit. The move is expected to underline the…
Business Energy Local Fuel Prices in Ghana to Rise from September 16: Diesel Up 9.4%, Petrol 4%, LPG 7.6% – COPEC September 16, 2025 Ekemini Ghanaians should brace for another round of fuel price hikes from Tuesday, September 16, 2025, as the second pricing window opens. The Chamber of Petroleum Consumers (COPEC) has projected steep…
Business Energy Local Dangote Group Denies Allegations of Cheaper Petrol Sales in Togo Amid Pricing Dispute with Nigerian Marketers September 16, 2025 Ekemini The Dangote Group has firmly denied accusations that its multibillion-dollar refinery in Nigeria sells petrol to international traders in Togo at cheaper rates than it offers to Nigerian marketers. The…
Business Local Macroeconomic Nigeria Suspends Controversial 4% Import Duty Levy to Ease Trade Pressure September 16, 2025 Ekemini The Federal Government has suspended the controversial four per cent Free on Board (FOB) import duty levy recently introduced by the Nigeria Customs Service (NCS). The move, announced by the…
Business International Stock Elon Musk buys $1billion worth of Tesla stock September 16, 2025 Ekemini Tesla Inc.’s shares rallied on Monday after CEO Elon Musk bought about $1 billion worth of the company’s stock, his first open-market purchase since February 2020. According to a regulatory…
International Technology Top 10 AI-Dependent Nations in 2025: How Countries Are Embracing Artificial Intelligence September 15, 2025 Ekemini Artificial Intelligence (AI) is no longer a futuristic concept—it has become an integral part of daily life across the globe. In 2025, global AI usage surged by 20%, reflecting an…
Business Local Technology Africa’s Fintech Boom Driven by Hidden Infrastructure: How Backend Platforms Like Unipesa Power Cross-Border Growth September 15, 2025 Ekemini Africa’s fintech scene often grabs attention with sleek apps and billion-dollar startups, but the real engine driving this growth lies behind the scenes. Beyond the headlines of funding rounds and…
International Macroeconomic US Cuts Nigerian Imports by 41% in July Amid Rising Tariffs, Raising Concerns for Trade Relations September 15, 2025 Ekemini The United States sharply reduced its imports of Nigerian goods by more than 40% in July 2025, signaling a worrying shift in the trade dynamics between the two countries. According…
