Banking Business Local Wema Bank Secures CBN, SEC Approval for N150bn Rights Issue, Surpasses N200bn Capital Requirement September 15, 2025 Ekemini Wema Bank Plc has received regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its N150 billion rights issue, marking a significant…
International Macroeconomic Stock Orsted Shares Plunge 5.5% After Deeply Discounted $9.4B Capital Raise; European Markets Edge Higher September 15, 2025 Ekemini European stocks opened the week with modest gains on Monday as investors awaited the U.S. Federal Reserve’s highly anticipated meeting on Wednesday. London’s FTSE 100 rose 0.2%, Germany’s DAX gained…
Business investment Local Blue-Chip Stocks Drive NGX Market Capitalisation Up by N985 Billion Amid Renewed Investor Confidence September 15, 2025 Ekemini Renewed investor interest in Nigeria’s blue-chip stocks lifted the nation’s equities market capitalisation by a whopping N985 billion last week, signaling a strong return of confidence after weeks of cautious…
Business Energy Local Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite 12.7% Production Surge September 15, 2025 Ekemini Nigeria’s crude oil export earnings fell sharply by N3.18 trillion in the first half of 2025, even as the country boosted production by 12.7%, according to the latest data from…
Business Local Macroeconomic Nigeria’s Trade Surplus Jumps 44% in Q2 2025 as Non-Oil Exports and Manufactured Goods Surge September 15, 2025 Ekemini Nigeria’s trade surplus soared by 44.3% in the second quarter of 2025, reaching N7.46 trillion, up from N5.17 trillion in Q1, according to the latest Foreign Trade in Goods Statistics…
Business Energy Local Afreximbank, MDGIF Sign $500m Deal to Boost Nigeria’s Gas Infrastructure and Cut Emissions September 15, 2025 Ekemini Nigeria’s gas sector received a major boost at the weekend as the African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) signed a landmark $500 million…
Business Local FIRS Highlights Benefits of New Tax Reforms to Boost Revenue and Protect Air Travel Sector September 15, 2025 Ekemini The Federal Inland Revenue Service (FIRS) has outlined the key advantages of the Federal Government’s new tax reforms, describing them as a major step toward strengthening Nigeria’s revenue base. According…
Business Economy Local Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria September 15, 2025 Ekemini The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on imports, warning that it could add an estimated N4 trillion…
Business Energy Local COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana September 15, 2025 Ekemini The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the cedi to help contain rising fuel prices at the pump. The industry…
Local Macroeconomic Market Nigeria’s Forex Market Stabilizes as IMTO Diversions Ease, Oil Dollar Inflows Rise September 15, 2025 Ekemini Nigeria’s foreign exchange market is seeing a rare moment of calm as licensed currency traders report that International Money Transfer Operators (IMTOs) are no longer diverting diaspora remittances away from…
Business Local Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency and Investor Confidence September 15, 2025 Ekemini Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International Sustainability Standards Board (ISSB) disclosure framework. The move, revealed by SEC Director General Dr. Emomotimi Agama…
International Macroeconomic South Korea’s Top Trade Envoy Heads to U.S. for Stalled Tariff Talks Amid $350 Billion Investment Fund Dispute September 15, 2025 Ekemini South Korea’s chief trade negotiator, Yeo Han-koo, left Seoul on Monday for Washington as Seoul and Washington struggle to finalise a landmark trade deal first announced in July. The visit…
Business Local Macroeconomic Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report September 15, 2025 Ekemini Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of ₦1,500 to $1 to reach a $1 trillion economy by…
Business Local Stock Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying Interest September 15, 2025 Ekemini The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding investors with gains of more than ₦986 billion. The rally, driven by renewed…
International Macroeconomic Market South Korea’s Kospi Index Hits Record High After Government Scraps Stock Tax Hike Plan September 15, 2025 Ekemini South Korea’s benchmark Kospi index soared to a record high of 3,420.23 in early Monday trade, marking its 10th consecutive session of gains. The rally came on the heels of…
Business Finance Local Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens September 15, 2025 Ekemini Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor appetite. According to the Bank of Ghana, the Treasury accepted…
Finance Local Macroeconomic Cedi Depreciation Sparks Debate Over Bank of Ghana’s Currency Support, Ahiagbah Slams Artificial Stability September 15, 2025 Ekemini The Ghanaian cedi’s sharp decline in recent weeks has reignited debate over how the currency was previously stabilised. Richard Ahiagbah, Communications Director of the New Patriotic Party (NPP), claims the…
Business Energy Local Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers Across Nigeria September 15, 2025 Ekemini In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000 Compressed Natural Gas (CNG)-powered trucks to kick-start its long-planned direct fuel…
Local Macroeconomic Nigeria’s Inflation Expected to Ease Further as FX Stability and Harvest Season Boost Price Relief September 15, 2025 Ekemini Nigeria’s inflation may continue its downward trajectory in August 2025, driven by a more stable foreign exchange market and the arrival of the harvest season, according to a new report…
Local Technology Meta Restores FIJ Facebook Page After Admitting ‘Mistake’ Amid Rising Pressure from Nigerian Authorities September 12, 2025 Ekemini Meta, the parent company of Facebook, has reinstated the Facebook page of the Foundation for Investigative Journalism and Social Justice (FIJ), admitting that its previous takedown was an error. The…
International Macroeconomic U.S. Treasury Yields Rise as Inflation Surges and Jobless Claims Climb Ahead of Fed Meeting September 12, 2025 Ekemini U.S. Treasury yields edged higher Friday morning as investors digested a mix of rising inflation and weaker-than-expected labor market data. The benchmark 10-year Treasury yield rose more than 5 basis…
Banking Local Macroeconomic Ghana Banks Introduce 5% Forex Withdrawal Fee Under New BoG Guidelines September 12, 2025 Ekemini Ghanaian commercial banks have begun applying a 5% fee on foreign exchange withdrawals, following the latest directives from the Bank of Ghana (BoG). The levy affects accounts funded via transfers…
Business Energy Local Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and Transparency September 12, 2025 Ekemini The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the potential impact on household budgets and daily transportation costs. Scheduled to…
Business Finance Local ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors September 12, 2025 Ekemini The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly reduce information risk, lower capital costs for Nigerian companies, and…
investment Local Macroeconomic Stable Naira and Cleared FX Backlog Boost Investor Confidence in Nigeria’s Economy September 12, 2025 Ekemini Nigeria’s economic outlook is brightening as bold monetary reforms by the Central Bank of Nigeria (CBN) stabilise the naira and restore investor trust. Under Governor Olayemi Cardoso, the apex bank…
Business Energy Local Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel in Nigeria’s Energy Transition September 12, 2025 Ekemini Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), reaffirming its commitment to workers’ rights, large-scale job creation, and Nigeria’s ongoing shift…
Business Local Technology SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and Manufacturing September 12, 2025 Ekemini Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of Statistics, with manufactured products making up 44% of the total. From electronics…
International Technology Apple’s iPhone 17 Rolls Out “Memory Integrity Enforcement” to Thwart Spyware and Zero-Day Attacks September 12, 2025 Ekemini Apple’s newest iPhones are not just about flashy upgrades. Alongside the launch of the iPhone 17 and iPhone Air, the tech giant quietly unveiled a security feature called Memory Integrity…
Business International Technology African Startups Secure $187 Million in August 2025, Led by South Africa’s Mega Deal September 12, 2025 Ekemini Africa’s startup scene showed remarkable resilience in August 2025, attracting $187.6 million in fresh funding despite a slowdown in global venture capital. According to new data from Nairametrics Research, 39…
Business Economy Local Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document September 12, 2025 Ekemini Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to withdraw a controversial section of the 2025 national budget. The…
