Crypto Market Sheds $633.5 Billion in Q1 2025 Amid Recession Jitters and Investor Caution
The crypto market took a serious hit in the first quarter of 2025, losing over $633 billion in market value—a…
Year: 2025
Trump’s 90-Day Tariff Pause and Its Global Trade Impact
In a sudden shift, former U.S. President Donald Trump announced a 90-day pause on tariffs, which had previously caused significant…
Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB Meeting
European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX 600 index fell 0.4%,…
Nigeria’s March 2025 Inflation: Rising Pressures and Unexplained Data Anomalies
In March 2025, Nigeria’s inflation rate rose to 24.23% from 23.18% in February, marking the first increase since the rebasing…
Petroleum Experts Urge Fiscal Incentives to Boost Gas and Oil Investment in Nigeria’s Frontier Basins
Ahead of its 50th anniversary, the Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to implement…
Google Blocks 5.1 Billion Harmful Ads, Calls for Global Collaboration Against Online Threats
In its 2024 Ads Safety Report, Google revealed its significant efforts to combat online threats, blocking 5.1 billion harmful ads…
Nvidia Defends AI Chip Sales After Suspension of H20 Exports to China, Faces Congressional Investigation
Nvidia has stated that it follows U.S. government export laws “to the letter” after announcing a $5.5 billion loss due…
EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion
The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid minerals sector, which is…
Nigeria and South Africa Sign Mining MoU to Drive Industrialization and Job Creation
Nigeria and South Africa have entered into a Memorandum of Understanding (MoU) to strengthen their mining sectors, aiming to accelerate…
ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman
The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, as the…
Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board Reshuffles Leadership
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant leadership transition for the…
Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts for Economic Growth
With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of Directors (CIoD) believes there’s a…
Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic About Stability
The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official market…
Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns
The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and China is threatening…
Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid Falling Crude Prices
Petrol prices in Nigeria could soon fall to around N800 per litre due to a combination of declining global crude…
Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day
The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest rebound. The All-Share…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly stronger against the dollar.…
Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape
Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024,…
Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip
Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of…
Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025
Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2 billion in…
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security
In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by…
World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms
The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014.…
SEC, SMEDAN Partner to Enhance SME Financing through Capital Market
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a…
European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML
European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade tariffs. The pan-European…
Trump Signals New Tariffs on Smartphones, Computers, and Electronics
President Donald Trump has announced plans to impose new tariffs on imported semiconductors, with an announcement expected later this week.…
Google Cloud Stakes Its Claim in Enterprise AI at Next ’25 with Tools, Partners & Power Moves
At Google Cloud Next ’25, Google made it clear, it’s not chasing in the AI race anymore, it’s setting the…
Frustration grows amid prolonged network glitch
Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been…
Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report
Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau…