Business Local Technology FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers September 12, 2025 Ekemini The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure on millions of Nigerians who rely on voice and data…
Business Finance Local CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold September 12, 2025 Ekemini Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its ₦150 billion rights issue, marking…
Business Local Stock Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21% September 12, 2025 Ekemini The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle at 140,655.8. This 0.21% uptick from the previous day’s 140,365.4…
Business International Market European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub September 12, 2025 Ekemini European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European Stoxx 600 index was flat at 554.46 points at 8:30…
Business Energy Local Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens September 12, 2025 Ekemini The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained a hefty ₦191 billion in value, marking the fifth straight…
Business Energy Local Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC September 12, 2025 Ekemini Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day (bpd) in July 2025, the lowest level since 2009. Fresh…
Business International Technology Generative AI Poised to Add $100 Billion to Africa’s Economy, McKinsey Report Reveals September 12, 2025 Ekemini Africa could unlock as much as $100 billion in additional annual economic value if it embraces generative artificial intelligence (Gen AI) at scale, according to a new McKinsey report titled…
Local Macroeconomic IMF Forecasts Ghana’s Public Debt to Fall to 60% of GDP by End-2025 Amid Debt Restructuring September 12, 2025 Ekemini Ghana’s public debt is projected to drop sharply to about 60% of Gross Domestic Product (GDP) by the end of 2025, according to the International Monetary Fund (IMF). The Washington-based…
Business investment Local Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains September 12, 2025 Ekemini Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly declines in recent years. Official data show that 45.90 million shares valued…
Business Finance Local Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says September 11, 2025 Ekemini President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the coming months, remaining within a band of around 5% annually. The President emphasized that…
Agriculture Local Macroeconomic Germany, EU, and Nigeria Launch €18.3m Project to Transform Agriculture and Create Jobs September 11, 2025 Ekemini The Federal Government of Nigeria, in partnership with Germany and the European Union, has officially launched the €18.3 million EU-VACE TARED Project, a four-year initiative designed to revolutionize the country’s…
Business Energy International Global Leaders Eye $800 Billion Gulf of Guinea Investment at UNGA Forum September 11, 2025 Ekemini Global business and diplomatic leaders are converging in New York this week as the 80th United Nations General Assembly kicks off, aiming to unlock more than $800 billion in investment…
Business Energy investment Local NNPC Calls on Global Investors to Unlock Nigeria’s Untapped Oil and Gas Potential September 11, 2025 Ekemini The Nigerian National Petroleum Company Limited (NNPC) has urged international investors to explore Nigeria’s vast energy sector, highlighting untapped opportunities in both oil and gas. Speaking at the 2025 Gastech…
Business Energy Local NUPRC Approves $4.4 Billion Oilfield Decommissioning Plans, Secures $400 Million Ahead of Divestments September 11, 2025 Ekemini The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 94 Decommissioning and Abandonment (D&A) plans since April 2023, covering liabilities of $4.424 billion, with $400 million already secured through escrow…
Business Features Local FG Restricts NNPCL Tax Credit Road Contracts Below N20 Billion to Nigerian Firms September 11, 2025 Ekemini The Federal Government of Nigeria has announced that all Nigerian National Petroleum Company Limited (NNPCL) Tax Credit road contracts valued below N20 billion will now be reserved exclusively for indigenous…
Business Energy International Oil Prices Slip Amid U.S. Demand Concerns and OPEC+ Output Rise September 11, 2025 Ekemini Global oil prices eased on Thursday as traders weighed signs of weakening U.S. demand against mounting concerns about oversupply. Brent crude fell 0.6% to $67.12 per barrel, while U.S. West…
Business International Technology ITU Report: Achieving Global Internet Connectivity by 2030 Will Require $2.8 Trillion Investment September 11, 2025 Ekemini A new report from the International Telecommunications Union (ITU), the United Nations agency driving global digital development, warns that achieving universal Internet connectivity by 2030 will cost between $2.6 trillion…
Business International Technology OpenAI Signs $300 Billion Cloud Deal with Oracle, Marking One of the Largest in History September 11, 2025 Ekemini Oracle’s stock surged after trading hours as news broke of a potential landmark deal with OpenAI. According to the Wall Street Journal, the artificial intelligence leader has reportedly agreed to…
Agriculture Local Technology Bosun Tijani Champions Artificial Intelligence as Key to Nigeria’s Productivity and Prosperity September 11, 2025 Ekemini Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has underscored the transformative power of Artificial Intelligence (AI) in boosting productivity and accelerating national prosperity. Speaking at the…
Business Economy Local FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax September 11, 2025 Ekemini The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the biggest overhauls of the country’s fiscal framework in decades. The…
Energy Local Nigeria Labour Congress Demands Power Sector Audit After Nationwide Grid Collapse September 11, 2025 Ekemini The Nigeria Labour Congress (NLC) has called on the Federal Government to immediately conduct a comprehensive audit of the country’s power sector infrastructure following yet another nationwide grid collapse. In…
Business Local Macroeconomic Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report September 11, 2025 Ekemini Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange rate of around ₦1,500/$ to reach its ambitious $1 trillion…
Business Local NAICOM Orders Insurers to Submit 2024 Capital Compliance Status Under New Minimum Capital Requirement Guidelines September 11, 2025 Ekemini The National Insurance Commission (NAICOM) has issued fresh guidelines directing insurance and reinsurance companies in Nigeria to submit their compliance status with the newly introduced Minimum Capital Requirement (MCR). According…
Business International investment Afreximbank Unveils $1 Billion African Trade & Distribution Firm to Boost Value-Added Exports September 11, 2025 Ekemini The African Export-Import Bank (Afreximbank) has launched a landmark initiative aimed at transforming the way Africa trades its commodities. With an initial $1 billion funding pledge, the new African Trade…
Business Local Nigeria’s Finance Minister Claims 80% 2024 Budget Execution as 2025 Implementation Stalls Over Procurement Hurdles September 11, 2025 Ekemini With less than four months to the end of the fiscal year, Nigeria’s Federal Government says it has executed 80 per cent of the 2024 budget, even as the implementation…
Business Local CBN Launches Payments System Vision 2028 to Boost Financial Inclusion, Digital Innovation, and Secure Transactions September 11, 2025 Ekemini The Central Bank of Nigeria (CBN) has unveiled its ambitious Nigeria Payments System Vision 2028 (PSV 2028), a strategic framework designed to drive financial inclusion, digital innovation, and secure transactions…
Business International Market Kering Shares Rise 2% as Gucci Owner Delays Valentino Acquisition to 2028 Amid Mixed European Markets September 11, 2025 Ekemini European markets opened Thursday on a mixed note as investors awaited fresh guidance from the European Central Bank (ECB). The pan-European Stoxx 600 index hovered near flat in early trade,…
Business Finance investment Local Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security September 11, 2025 Ekemini Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s capital market as a pathway to sustainable wealth creation and…
Local Macroeconomic Market Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence September 11, 2025 Ekemini The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market for the second time this year. The currency closed at…
Business insurance Local Agusto & Co Upgrades Heirs Insurance Group Ratings to ‘A1’, Highlighting Strong Growth and Stability September 10, 2025 Ekemini Nigeria’s leading credit rating agency, Agusto & Co., has upgraded the ratings of Heirs Insurance Group’s life and general insurance businesses, underscoring the Group’s financial resilience and growing market presence.…
