Crypto International Macroeconomic Crypto Market Sheds $633.5 Billion in Q1 2025 Amid Recession Jitters and Investor Caution April 17, 2025 Ekemini The crypto market took a serious hit in the first quarter of 2025, losing over $633 billion in market value—a drop of 18.6%, according to CoinGecko. This decline has been…
International Macroeconomic Trump’s 90-Day Tariff Pause and Its Global Trade Impact April 17, 2025 Ekemini In a sudden shift, former U.S. President Donald Trump announced a 90-day pause on tariffs, which had previously caused significant turmoil in global markets. His decision to impose tariffs initially…
Finance International Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB Meeting April 17, 2025 Ekemini European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX 600 index fell 0.4%, though it was still on track to finish the week…
Local Macroeconomic Nigeria’s March 2025 Inflation: Rising Pressures and Unexplained Data Anomalies April 17, 2025 Ekemini In March 2025, Nigeria’s inflation rate rose to 24.23% from 23.18% in February, marking the first increase since the rebasing of the Consumer Price Index (CPI) in January. Food prices…
investment Local Petroleum Experts Urge Fiscal Incentives to Boost Gas and Oil Investment in Nigeria’s Frontier Basins April 17, 2025 Ekemini Ahead of its 50th anniversary, the Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to implement more fiscal and regulatory policies to attract investments for oil…
International Technology Google Blocks 5.1 Billion Harmful Ads, Calls for Global Collaboration Against Online Threats April 17, 2025 Ekemini In its 2024 Ads Safety Report, Google revealed its significant efforts to combat online threats, blocking 5.1 billion harmful ads and restricting another 9.1 billion globally. The company emphasized the…
Business International Technology Nvidia Defends AI Chip Sales After Suspension of H20 Exports to China, Faces Congressional Investigation April 17, 2025 Ekemini Nvidia has stated that it follows U.S. government export laws “to the letter” after announcing a $5.5 billion loss due to canceled H20 chip orders. This came after the U.S.…
investment Local Macroeconomic EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion April 17, 2025 Ekemini The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid minerals sector, which is viewed as a key opportunity for economic diversification. During a…
Business Local Technology Nigeria and South Africa Sign Mining MoU to Drive Industrialization and Job Creation April 17, 2025 Ekemini Nigeria and South Africa have entered into a Memorandum of Understanding (MoU) to strengthen their mining sectors, aiming to accelerate industrialization and job creation in both nations. The agreement, signed…
Business International Macroeconomic ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman April 17, 2025 Ekemini The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, as the new Chairman of its Board of Governors. His appointment was…
Business Finance Local Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board Reshuffles Leadership April 17, 2025 Ekemini Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant leadership transition for the tech-driven registrar company. Her appointment was confirmed during the company’s…
Business International Macroeconomic Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts for Economic Growth April 17, 2025 Ekemini With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of Directors (CIoD) believes there’s a silver lining for Nigeria’s economy. While the 14% US tariff…
Business Local Macroeconomic Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic About Stability April 17, 2025 Ekemini The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official market also saw a decline in the naira’s value against other…
Business Local Macroeconomic Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns April 17, 2025 Ekemini The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and China is threatening the effectiveness of the Nigeria-China currency swap agreement. Speaking at…
Energy Local Macroeconomic Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid Falling Crude Prices April 17, 2025 Ekemini Petrol prices in Nigeria could soon fall to around N800 per litre due to a combination of declining global crude oil prices and the revival of the naira-for-crude policy. Analysts…
Business investment Local Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day April 17, 2025 Ekemini The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest rebound. The All-Share Index dropped by 0.68%, shedding 708.14 points to close at…
Business Finance Local Macroeconomic Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down April 16, 2025 Ekemini The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly stronger against the dollar. Data from the Central Bank of Nigeria (CBN) showed a…
Business Local Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape April 16, 2025 Ekemini Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024, they made up 31% of all active investors in the…
Business Energy Local Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip April 16, 2025 Ekemini Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of petrol to N835 per litre. This new adjustment, announced on…
Finance Local Macroeconomic Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025 April 16, 2025 Ekemini Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2 billion in 2025. This marks a significant jump from $1.07 billion in…
Energy Local Macroeconomic Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security April 16, 2025 Ekemini In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has issued 47 Licenses to Establish (LTE) and 30 Licenses to…
Africa Business Energy International AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment April 16, 2025 Ekemini The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital expenditure in Africa’s oil and gas sector is projected to…
Business Local Macroeconomic Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence April 16, 2025 Ekemini Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by implementing sustainable forex strategies. Industry experts suggest that utilizing offshore…
Business Local Macroeconomic World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms April 16, 2025 Ekemini The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014. This positive growth has been attributed to the country’s ongoing…
Business Local SEC, SMEDAN Partner to Enhance SME Financing through Capital Market April 16, 2025 Ekemini The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a strategic partnership aimed at improving financing opportunities for small and…
Finance International Market European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML April 16, 2025 Ekemini European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade tariffs. The pan-European Stoxx 600 index fell by 0.8%, following two days of…
International Technology Trump Signals New Tariffs on Smartphones, Computers, and Electronics April 16, 2025 Ekemini President Donald Trump has announced plans to impose new tariffs on imported semiconductors, with an announcement expected later this week. This move is part of his strategy to address the…
International Technology Google Cloud Stakes Its Claim in Enterprise AI at Next ’25 with Tools, Partners & Power Moves April 16, 2025 Ekemini At Google Cloud Next ’25, Google made it clear, it’s not chasing in the AI race anymore, it’s setting the pace. With a full-blown push into AI-driven enterprise tools, Google…
Business Local Technology Frustration grows amid prolonged network glitch April 16, 2025 Ekemini Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been left feeling frustrated and shortchanged. Instead of enjoying better service,…
Business Local Macroeconomic Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report April 16, 2025 Ekemini Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau of Statistics (NBS). This marks a sharp rise from the…
