OTC Crypto Trading: Africa’s Hidden Backbone for Digital Finance and Cross-Border Payments
Over-the-counter (OTC) cryptocurrency trading is quietly emerging as the unseen engine of Africa’s digital financial ecosystem, according to a new…
Day: October 22, 2025
Nigeria’s Domestic Debt Hits N6.17 Trillion in Six Months as FG Seeks to Bridge Budget Deficit
The Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the…
Nigeria and Denmark Sign Landmark MoU to Boost Digital Innovation and Technology Collaboration
Nigeria and Denmark have taken a significant step toward deeper technological collaboration by signing a Memorandum of Understanding (MoU) focused…
Netflix Goes “All In” on Generative AI: Boosting Creativity Without Replacing Humans
Netflix is doubling down on generative AI as a tool to support, rather than replace, creativity in filmmaking. In its…
NNPC Remits over N10tn to Federation in 8 Months, Records N4.2tn Revenue in August
The Nigerian National Petroleum Company Limited (NNPC) has remitted a staggering N10.073 trillion to the Federation Account between January and…
Nigeria’s Oil Sector Struggles as FIRS Drives Government Revenue to N31.38 Trillion
Nigeria’s oil sector continues to underperform, putting pressure on the country’s overall revenue growth, even as non-oil tax agencies exceed…
Enko Capital Launches $100m Private Credit Fund to Bridge Africa’s Financing Gap
Enko Capital, an Africa-focused alternative asset manager, has secured $100 million in the first close of its impact-driven private credit…
Nigeria Spends 35% of 2024 Budget on Debt Service as Fiscal Deficit Hits ₦13.51 Trillion
The Federal Government of Nigeria spent a staggering ₦12.36 trillion servicing debts in 2024, representing 35.26% of the entire ₦35.05…
West African Development Bank Secures Record €1 Billion 15-Year Bond to Boost Regional Growth
In a landmark move for Africa’s financial markets, the West African Development Bank (BOAD) has successfully issued a €1 billion…
Lagos Partners with AFD, EU, and EIB on €360m Omi Eko Ferry Project
The Lagos State Government has launched a groundbreaking €360 million water transport initiative, known as the Omi Eko Project, aimed…
European Markets Slip as Momentum Fades; L’Oréal Shares Drop 6% Amid Weak Growth and Tariff Pressure
European stocks traded lower on Wednesday as the week’s earlier optimism faded, with investors digesting fresh corporate earnings and geopolitical…
Nigeria’s Reform Push Fuels Market Rally as NGX Surges Past 151,000 Points
Nigeria’s stock market continued its upward momentum this week, hitting a new all-time high as investors responded positively to ongoing…
BUA Foods, Aradel Lift Nigerian Stocks as All-Share Index Smashes 150,000 Mark — Highest Ever Level
The Nigerian stock market hit a historic milestone on Tuesday, October 22, 2025, as the All-Share Index (ASI) surged past…
Cedi Bounces Back: Ghana’s Currency Surges 37% in 2025 as Investor Confidence Returns
Ghana’s cedi has made an impressive comeback in October 2025, reclaiming lost ground and restoring investor confidence after months of…
Reps Split Over Motion to Shield Dangote Refinery From Labour Unions Amid Economic Concerns
The House of Representatives was sharply divided on Tuesday over a motion seeking to protect the Dangote Refinery and other…
Dangote Plans to Double Refinery Capacity to 1.4 Million Barrels Per Day with Middle Eastern Funding
Africa’s richest man, Aliko Dangote, has unveiled bold plans to expand the Dangote Refinery from its current 650,000 barrels per…
OpenAI Launches ChatGPT Atlas: AI-Powered Browser Aims to Challenge Google Chrome
OpenAI, the company behind ChatGPT, has officially launched ChatGPT Atlas, a groundbreaking AI-powered web browser that integrates conversational intelligence directly…
Nigeria Targets 20 Million New Internet Users With $Mega Fibre-Optic Expansion
The Federal Government has unveiled a landmark digital infrastructure project designed to connect 20 million new internet users across Nigeria.…
Nigeria, China Deepen Ties to Drive Real Estate Growth and Smart Housing Revolution
Nigeria and China are strengthening their economic collaboration through the Nigeria–China Strategic Partnership (NCSP), as both nations work together to…
Google, World Bank Partner to Boost Digital Infrastructure and AI-Powered Services in Nigeria and Emerging Markets
In a major move to accelerate digital transformation across emerging markets, including Nigeria, Google and the World Bank Group have…