Finance investment Local Technology CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria April 16, 2025 Ekemini The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital asset markets in Nigeria. Following its sudden failure, which left…
International Technology Google Launches Veo 2 AI Video Generator for Gemini Advanced Subscribers, Challenging OpenAI’s Sora April 16, 2025 Ekemini Google has officially launched Veo 2, an AI-powered video generation tool, available to subscribers of its premium Gemini Advanced plan. The tool positions itself as a direct competitor to OpenAI’s…
Africa Local Macroeconomic Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic Challenges April 16, 2025 Ekemini Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the International Monetary Fund (IMF) to ensure the smooth continuation of the country’s bailout…
Business International Technology Nigeria and Sweden Launch EPICENTRE Innovation Hub to Boost Green, Digital Transformation April 16, 2025 Ekemini Nigeria is taking a big step toward a more sustainable, tech-driven future through a new partnership between 21st Century Technologies and Sweden’s EPICENTRE, backed by Business Sweden and the Swedish…
Business International investment Nigeria reaffirms strong ties with US amid global uncertainty April 16, 2025 Ekemini Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic partnership with the United States, even amid today’s unpredictable global…
Business Local Macroeconomic Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures April 16, 2025 Ekemini Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025, despite the lingering macroeconomic issues affecting both consumers and manufacturers. Rotimi Fakayejo, a financial…
Finance Local Macroeconomic FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures April 16, 2025 Ekemini The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the federal, state, and local governments, with N1.578 trillion distributed for March 2025. This marks the…
Finance Local Macroeconomic Technology Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears April 15, 2025 Ekemini In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears and frustrations after being locked out of their accounts. The app, which…
Breaking Local Macroeconomic Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic Pressures April 15, 2025 Ekemini Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This marks a notable increase from the previous month’s rate of…
Local Macroeconomic FCT Hits 95% Budget Execution in 2024 – Wike April 15, 2025 Ekemini Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has reported an impressive 95% implementation of the 2024 FCT budget, marking a historic milestone for the administration. Wike shared…
International Macroeconomic Market U.S Stock Futures Rise on Auto Tariff Exemption Hopes Amid Ongoing Uncertainty April 15, 2025 Ekemini U.S. stock index futures edged higher on Tuesday, driven by optimism that the auto sector could receive tariff relief. President Donald Trump suggested potential exemptions for the 25% tariffs imposed…
International Macroeconomic China Pushes Back on U.S. Deep-Sea Metal Stockpile Plans, Citing International Law April 15, 2025 Ekemini So according to a recent report, the U.S. is apparently working on plans to stockpile deep-sea metals from the Pacific Ocean to reduce its reliance on China for rare earths…
Local Macroeconomic March Inflation Expected to Hold at 23.18% Amid Balancing Forces in Food, FX, and Fuel Markets April 15, 2025 Ekemini Analysts are projecting that Nigeria’s headline inflation for March 2025 will likely stay relatively flat around 23.18%, matching February’s figure. This outlook is shaped by a combination of opposing forces—moderating…
Energy Local Macroeconomic Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps April 15, 2025 akintunde In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA). This partnership,…
Business International Technology Africa Sees 14% Surge in Spyware Attacks Amid Rising Cyber Threats — Kaspersky April 15, 2025 Ekemini Africa witnessed a 14% year-on-year increase in spyware detections targeting businesses between 2023 and 2024, according to new data from cybersecurity firm Kaspersky. Spyware, which is designed to secretly monitor…
International Technology OpenAI Drops GPT-4.1 Series with Focus on Coding Efficiency April 15, 2025 Ekemini OpenAI has introduced a new set of AI models dubbed the GPT-4.1 family, signaling a push toward smarter, more efficient AI for real-world software development. The lineup includes GPT-4.1, GPT-4.1…
International Market Trade Autos Drive European Markets Up as Trump Hints at Tariff Relief April 15, 2025 Ekemini European markets opened on a strong note Tuesday, with the Stoxx 600 up over 1.2% by mid-morning, powered by a sharp rally in auto stocks. Optimism came after U.S. President…
Business Finance Local Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others April 15, 2025 Ekemini The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle Nigeria Plc and 23 other stocks, pulling the NGX All-Share…
Business International Trump’s Tariff War and Global Trade: A Push for Responsible Governance April 15, 2025 Ekemini In a recent debate on global trade and governance, economist Jeffrey Sachs criticized the U.S. administration’s approach to tariffs and trade wars, particularly under former President Donald Trump. Sachs argued…
Business Finance Local Macroeconomic CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030 April 15, 2025 Ekemini The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1 trillion economy target by 2030, as outlined by President Bola…
Business Economy Local Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar Earnings April 15, 2025 Ekemini Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), production…
Finance Local Macroeconomic Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says April 15, 2025 Ekemini Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase capital and support economic growth. At a recent seminar for finance…
Finance Local Technology GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth April 15, 2025 Ekemini The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC), has unveiled a comprehensive Digital Asset Markets Strategy aimed at expanding Nigeria’s cryptocurrency ecosystem. The…
Business Local Macroeconomic GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy Hikes April 15, 2025 Ekemini The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country’s 2025 inflation target of 11.9% may not be achievable. This warning comes in light of…
Local Macroeconomic Naira Weakens as Dollar Index Hits 2022 Lows Amid Growing Market Concerns April 15, 2025 Ekemini The Nigerian naira saw slight gains in the country’s foreign exchange market, with official rates hovering near N1600/$, while the unofficial market ranged between N1620 and N1630/$. Despite the marginal…
Business Local Technology Firm secures funding to promote AI April 15, 2025 Ekemini The Kayode Alabi Leadership and Career Initiative (KLCI) has received N75 million in cloud credits from Amazon Web Services (AWS) under its new Education Equity Initiative. This funding will support…
Energy International Macroeconomic OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets April 15, 2025 Ekemini OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd), down from the previously expected 1.4 million bpd. The move…
Business Finance Local CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive April 15, 2025 Ekemini The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit or unverified funds as the country enters a new phase…
Banking Business Local Macroeconomic Entrepreneurs Applaud FCMB’s BEST Programme for Boosting Business Growth April 14, 2025 Ekemini First City Monument Bank (FCMB) is receiving widespread praise for its recent Business Empowerment, Sustainability and Training (BEST) Masterclass, which delivered hands-on training to entrepreneurs across southwestern Nigeria. Held between…
Business Energy Finance Local Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability April 14, 2025 Ekemini Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability to meet its budgetary obligations. According to fresh data from…
