Crypto International investment Crypto Liquidations Surge to $583M as Bitcoin Slides to $86,000 December 17, 2025 Ekemini Uba Cryptocurrency markets experienced a sharp sell-off on Tuesday, pushing Bitcoin down to $86,000 and triggering mass liquidations across major digital assets. The world’s largest cryptocurrency fell roughly 4%, extending its…
Banking Business Finance Local FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending December 17, 2025 Ekemini Uba Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply, signaling a major shift in the banking sector. Analysts say this decline reflects…
Business Energy Local Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates December 17, 2025 Ekemini Uba Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced by Dangote Industries Limited failed to materialize at the pumps. Despite assurances…
Business Economy Local CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors December 17, 2025 Ekemini Uba Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the U.S.–Nigeria Executive Business Roundtable on December 15, underscoring Nigeria’s renewed…
Business Local Stock NGX Index Edges Up 0.01% as Access Corp Leads Trading Surge December 17, 2025 Ekemini Uba The Nigerian Exchange (NGX) closed marginally higher on Tuesday, with the All Share Index inching up 0.01% to 149,459.11 points. Market capitalization also increased slightly to N95.28 trillion, as investors…
Local Technology Microsoft and Nigerian Government Train 4 Million Nigerians in AI and Digital Skills Since 2021 December 17, 2025 Ekemini Uba Microsoft Corporation and the Federal Government of Nigeria have successfully trained over four million Nigerians in digital and AI skills since 2021, marking a significant step toward a future-ready workforce.…
Business Energy Local Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX Stability December 17, 2025 Ekemini Uba Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest Foreign Trade in Goods Statistics from the National Bureau of Statistics…
Business International Macroeconomic Nigeria’s Top 10 Import Partners in Q3 2025: China, US, and India Lead the Pack December 17, 2025 Ekemini Uba Nigeria’s import market in the third quarter of 2025 remained largely concentrated around a core group of global partners, reflecting the country’s reliance on foreign goods amid limited local manufacturing.…
Banking Business Finance Local CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches December 17, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing ongoing regulatory violations and…
International Technology X Reinforces “Twitter” Trademark in Terms of Service Amid Legal Battle with Startup December 17, 2025 Ekemini Uba Elon Musk’s social media company, X, is taking a firm stance in its ongoing legal tussle over the “Twitter” trademark. The company has updated its Terms of Service to clearly…
Local Technology Rising Mobile Data Demand Drives Telecom Growth in Q3 2025 December 17, 2025 Ekemini Uba Nigeria’s telecommunications sector continued its steady upward trajectory in the third quarter of 2025, powered by growing demand for mobile data and broadband services. Despite economic challenges impacting other industries,…
Business International Market European Markets Rise as UK Inflation Cools, Sterling Slips Ahead of Central Bank Decisions December 17, 2025 Ekemini Uba European stock markets opened broadly higher on Wednesday as investors positioned themselves ahead of a busy week of central bank policy decisions across the region. Major indices across France, Germany,…
Local Nigerian Breweries Trains 360 Retailers Nationwide to Drive Business Growth and Sustainability December 17, 2025 Ekemini Uba Nigerian Breweries Plc has rolled out a nationwide entrepreneurial capacity-building programme aimed at strengthening the growth and sustainability of its customers’ businesses. The initiative, designed to support retailers and sub-distributors,…
Local Macroeconomic Year-End Festivities May Push Inflation Higher in December, Experts Warn December 17, 2025 Ekemini Uba Economic analysts have warned that Nigeria’s inflation rate may record a temporary rebound in December as year-end festivities drive higher consumer spending, particularly on food and transportation. The outlook was…
Business Economy Local Dollar to Naira exchange rate today, December 17, 2025 December 17, 2025 Ekemini Uba The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025, reflecting sustained pressure as the year approaches its final weeks. Activity in both the…
Business Economy Local Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist December 16, 2025 Ekemini Uba Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former Central Bank of Nigeria (CBN) Director, Mahmud Hassan, as its Group Chief Economist. The…
Banking Business Local Big Banks’ FX Gains Fall to Three-Year Low as Nigeria’s Banking Sector Shifts Strategy December 16, 2025 Ekemini Uba Nigeria’s biggest banks are seeing a sharp slowdown in foreign exchange (FX) gains, once a major source of profits, as the sector adjusts to a more stable currency environment and…
Business Local Stock Analysts Predict Shift to Fundamentally Strong Stocks in Nigeria’s Stock Market Rally December 16, 2025 Ekemini Uba As year-end trading activities gather pace, capital market analysts say investors are increasingly concentrating on fundamentally strong stocks with attractive valuations, reflecting confidence in companies with solid earnings and balance…
Business Local Macroeconomic Nigeria’s Trade Balance Surges 43% to ₦19.3tn in Nine Months — NBS Data December 16, 2025 Ekemini Uba Nigeria’s trade balance recorded a great improvement in the first nine months of 2025, rising by 43.8 per cent year-on-year to ₦19.32 trillion, driven largely by higher export earnings. This…
Banking Business Local Bright Simons Warns Bank of Ghana’s Non-Interest Banking Rebrand Risks Confusion and Failure December 16, 2025 Ekemini Uba Bright Simons, Vice President of policy think tank IMANI Africa, has raised serious concerns about the Bank of Ghana’s proposed guidelines for “Non-Interest Banking,” cautioning that the move could create…
Business Energy Local Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in 2025 December 16, 2025 Ekemini Uba Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine months of 2025, highlighting the country’s growing industrial activity and ongoing infrastructure development.…
investment Local Investing in FGN Savings Bonds vs FGN Bonds December 16, 2025 Ekemini Uba The Federal Government of Nigeria (FGN) offers two key investment options for those looking to invest in government debt: FGN Savings Bonds and FGN Bonds. Both are considered risk-free, but…
Business Economy Local CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon December 16, 2025 Ekemini Uba Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of Nigeria (CBN) will issue more operating licenses following its recent approval…
Local Technology Cyberattacks Surge: Nigeria Among Most Targeted African Countries in November 2025 December 16, 2025 Ekemini Uba Nigeria has emerged as one of the most targeted African countries for cyberattacks in November 2025, according to a new report by Check Point Research. Organizations in the country faced…
International Technology OpenAI Licenses 200+ Disney Characters in Landmark Equity-Only Deal December 16, 2025 Ekemini Uba OpenAI has taken a major step into the world of entertainment by striking an equity-only licensing deal with the Walt Disney Company, granting the AI firm access to over 200…
Local Technology NGX ICT Stocks Surge to N18.6 Trillion Market Cap in 2025 Amid Investor Optimism December 16, 2025 Ekemini Uba Technology stocks on the Nigerian Exchange (NGX) have emerged as one of the standout performers in 2025, attracting significant investor attention. Some ICT stocks recorded gains of up to 993%,…
Local Technology Nigeria’s Fintechs and Startups Shine at NiRA 2025 .ng Domain Awards December 16, 2025 Ekemini Uba Nigeria’s fintechs and startups took centre stage at the 2025 Nigeria Internet Registration Association (NiRA) .ng Domain Awards, signaling the growing influence of tech-driven companies in the country’s digital ecosystem.…
Finance Local Macroeconomic Nigeria’s ₦30 Trillion Revenue Shortfall Sparks Concerns Over 2026 Budget December 16, 2025 Ekemini Uba Nigeria’s federal government is under fresh scrutiny after revealing a ₦30 trillion shortfall in its 2025 revenue, casting doubts on the feasibility of the 2026 budget. The shortfall, admitted by…
International Technology Nvidia Expands Open Source AI with SchedMD Acquisition and Nemotron 3 Model Release December 16, 2025 Ekemini Uba Nvidia is making bold moves in the open source AI space, announcing both a key acquisition and a new model release this week. The semiconductor leader revealed it has acquired…
International Technology Google Shuts Down Dark Web Report Feature: What Users Need to Know December 16, 2025 Ekemini Uba Google has announced it will retire its “Dark Web Report” feature starting February 16, 2026. Launched about a year and a half ago, the tool was designed to help users…
