Local Technology Nigeria’s AI Growth Faces Funding Crisis Despite Strong Implementation, Report Warns November 6, 2025 Ekemini Uba Nigeria has emerged as West Africa’s frontrunner in artificial intelligence (AI) adoption and investment, but its ambitions may be derailed by a widening funding gap. According to the State of…
Finance International Macroeconomic Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn November 6, 2025 Ekemini Uba Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses approximately $75 billion annually as a result of inflated borrowing…
Business Local Macroeconomic Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence November 6, 2025 Ekemini Uba Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP) growth in the fourth quarter. According to the Q3 2025…
Business Economy Local Federal Government Launches Digital Project Board to Boost Nigeria’s Equipment Leasing Industry November 6, 2025 Ekemini Uba The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The initiative, launched by the Minister of Finance and Coordinating Minister…
Business Local Afreximbank Pushes for Stronger Trade Finance to Drive Inclusive Growth Across Africa November 6, 2025 Ekemini Uba The African Export-Import Bank (Afreximbank) has reiterated its commitment to strengthening trade finance across the continent to unlock inclusive and sustainable growth. Speaking at the opening of the 25th Afreximbank…
Business Finance Local Nigerian Stock Market Suffers N1.3 Trillion Loss as Sell Pressure Deepens November 6, 2025 Ekemini Uba The Nigerian stock market faced another tough session as sustained sell-offs dragged the market further into negative territory. Investors continued profit-taking, causing the market to extend its bearish trend and…
Business Finance International Asia-Pacific Stocks Rise as AI Boom Fuels Market Rebound; Japan and Hong Kong Lead Gains November 6, 2025 Ekemini Uba Asia-Pacific markets advanced on Thursday, echoing Wall Street’s strong performance as artificial intelligence (AI)-linked stocks bounced back following solid earnings from U.S. chipmaker AMD. Investors regained confidence in the sector…
Business Economy Local Investors Lose N1.3 Trillion as Market Anxiety Deepens Amid Policy Uncertainty and Global Tensions November 6, 2025 Ekemini Uba The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value as uncertainty deepened over the nation’s fiscal policies and escalating…
Business Finance Local $500m Sukuk Boosts Ethical Finance Growth in Nigeria – SEC November 6, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has announced that the approval of a $500 million international Sukuk marks a significant milestone for Nigeria’s ethical finance sector. The Commission said the…
Business Local Technology Nigeria to Invest ₦12 Billion in Digital Economy Research as Telecom Sector Sees Surge in Subscriptions November 6, 2025 Ekemini Uba The Nigerian government has unveiled plans to invest ₦12 billion in digital economy research and telecom infrastructure, signaling a major push to strengthen the nation’s digital future. This investment comes…
Business Finance Local Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion as SEC Pushes Ethical Finance Growth November 6, 2025 Ekemini Uba Nigeria’s non-interest capital market has expanded to over ₦1.6 trillion, highlighting its increasing impact on financial inclusion and infrastructure financing. The Director-General of the Securities and Exchange Commission (SEC), Dr.…
Banking Business Local CBN’s Fixed Income Reform Sparks Regulatory Tension as Banks Rake In ₦4.8 Trillion from Securities November 6, 2025 Ekemini Uba The Central Bank of Nigeria’s (CBN) plan to assume control over the nation’s fixed-income market has ignited regulatory tension within Nigeria’s financial ecosystem. While the apex bank insists the reform…
Business Finance International European Markets Struggle for Direction as Earnings Season and Rate Decisions Take Center Stage November 6, 2025 Ekemini Uba European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate earnings and upcoming central bank decisions. The region’s main indexes — the U.K.’s FTSE,…
Business Local Technology Nigeria’s Telecom Subscribers Hit 173 Million as Broadband Expansion Gains Momentum November 6, 2025 Ekemini Uba Nigeria’s telecommunications industry continued its upward trajectory in the third quarter of 2025, with active phone subscriptions reaching 173.54 million in September, up from 171.57 million in August, according to…
Business Energy Local OPEC Urges Nigeria to End Crude Exports, Focus on Local Refining and Value Creation November 6, 2025 Ekemini Uba The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to stop the long-standing practice of exporting crude oil and focus on domestic…
Business Energy Local Senate uncovers $303bn crude oil diversion under NNPC’s DSDP scheme November 6, 2025 Ekemini Uba A forensic review conducted by consultants to the Senate Ad-hoc Committee on oil theft has uncovered staggering financial irregularities amounting to over $303 billion in unaccounted crude oil proceeds and…
Business Finance International Nigerian Eurobond oversubscribed by 400% despite Trump’s threat November 6, 2025 Ekemini Uba The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat. The dual-tranche offering, designed to raise external capital and diversify the…
Business Finance Local Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence November 6, 2025 Ekemini Uba Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite recent geopolitical tensions. The dual-tranche offering, consisting of 10-year and…
Business Finance Local Naira Recovers Value Amid Renewed Market Confidence in Nigeria November 5, 2025 Ekemini Uba Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability. The brief drop came amid concerns over a statement by…
International Technology Apple iOS 26.1 Update Brings Better Battery Life, Stronger Privacy, and “Liquid Glass” Fixes November 5, 2025 Ekemini Uba Apple has officially rolled out the iOS 26.1 update, its first major follow-up to iOS 26. Unlike past updates filled with flashy new features, this release focuses on refining performance,…
Business International Technology Beta Technologies IPO Raises $1 Billion as Electric Aviation Firm Soars on NYSE Debut November 5, 2025 Ekemini Uba Beta Technologies’ stock soared in its debut on the New York Stock Exchange (NYSE) after the Vermont-based electric aviation company raised $1 billion in its initial public offering (IPO). Shares…
International Technology Amazon Sues Perplexity AI Over Shopping Bot “Comet” for Violating Platform Rules November 5, 2025 Ekemini Uba Amazon has filed a federal lawsuit against Perplexity AI, marking a major escalation in the ongoing debate over artificial intelligence’s role in e-commerce. The tech giant accuses the San Francisco-based…
Business Energy Local Nigeria’s Excess Crude Account Grows 13% in Two Years Under Tinubu’s Administration November 5, 2025 Ekemini Uba Nigeria’s Excess Crude Account (ECA) has risen by 13 percent in the past two years, reflecting gradual fiscal recovery efforts under President Bola Tinubu’s administration. According to data from the…
Economy Local Tinubu Appoints Dr. John Nwabueze as Nigeria’s First Tax Ombudsman to Strengthen Transparency and Tax Fairness November 5, 2025 Ekemini Uba President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s ongoing fiscal reforms. The appointment, announced by the President’s Special…
Business Economy Local Empowering SMEs: The Driving Force Behind Nigeria’s Economic Transformation November 5, 2025 Ekemini Uba The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future depends on the creativity and resilience of small and medium-scale…
Agriculture Local Macroeconomic Nigeria Secures $500m World Bank Loan to Boost Agricultural Value Chains and Food Security November 5, 2025 Ekemini Uba The Federal Government of Nigeria has sealed a $500 million loan agreement with the World Bank to strengthen agricultural value chains and accelerate food security initiatives under President Bola Ahmed…
Finance Local Macroeconomic Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit November 5, 2025 Ekemini Uba President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance the growing deficit in Nigeria’s ₦54.99 trillion 2025 budget. The…
investment Local Market NASCON, Sky Aviation Lead Market Decline as Nigerian All-Share Index Slips 0.72% November 5, 2025 Ekemini Uba The Nigerian stock market closed on a bearish note on Tuesday, November 4, 2025, as the All-Share Index (ASI) dropped by 0.72% to settle at 152,629.6 points. The dip reflected…
Business Local Market Investors Lose ₦858 Billion as Market Selloff Hits NGX Amid Trump’s Threat to Nigeria November 5, 2025 Ekemini Uba The Nigerian stock market witnessed a steep decline this week as investors lost an estimated ₦858 billion in two trading sessions, triggered by a combination of political tension and macroeconomic…
Business Local Transcorp Achieves Record 39% Revenue Growth in Nine Months November 5, 2025 Ekemini Uba Transnational Corporation Plc (Transcorp) has reported a remarkable 39 per cent year-on-year revenue growth, reaching ₦413.44 billion for the nine months ending September 30, 2025. This marks a significant leap…
