Africa International Macroeconomic African Trade Ministers to Address Trump’s Tariff Threat April 14, 2025 Ekemini African Trade Ministers from across the continent are convening on Monday, April 14, 2025, to discuss the newly announced tariffs by US President Donald Trump. Despite the suspension of these…
Business investment Local Macroeconomic Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits and Dividends in 2024 April 14, 2025 Ekemini Despite Nigeria’s economic struggles, including high inflation, a depreciating naira, and rising interest rates, both banks and manufacturing companies have managed to defy economic headwinds in 2024. Six major banks,…
Business Finance investment Local Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge April 14, 2025 Ekemini Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per ordinary share for the 2024 financial year. This resolution was…
International Technology Trump’s Commerce Secretary Warns of Future Tariffs on Tech Products April 14, 2025 Ekemini The U.S. tech industry’s temporary relief from tariffs may soon come to an end, according to Commerce Secretary Howard Lutnick. While consumer electronics such as laptops and smartphones were recently…
International Macroeconomic Politics Trade Trump’s Escalating Trade War with China Poses High Stakes for U.S. Economy April 14, 2025 Ekemini President Donald Trump’s trade war with China has reached a critical juncture, as rising tariffs threaten to push the U.S. and China toward an economic confrontation with global implications. With…
Local Technology Federal Court Admits FIRS Documents in Ongoing Tax Evasion Case Against Binance in Nigeria April 14, 2025 Ekemini The Federal High Court in Abuja has accepted evidence from the Federal Inland Revenue Service (FIRS) regarding its investigation into Binance’s financial transactions in Nigeria. Justice Emeka Nwite admitted the…
Business Local Technology Telecom Operators Begin Infrastructure Overhaul Amid Service Complaints and Tariff Hike April 14, 2025 Ekemini Telecommunications operators across Nigeria have begun major upgrades and equipment installations to improve service quality nationwide. This move comes in response to increasing customer complaints about poor service delivery and…
insurance Local Macroeconomic Insurance Operators Urged to Drive Reforms for National Development April 14, 2025 Ekemini Insurance sector operators have been called upon to implement significant reforms aimed at improving the industry’s competitiveness and fostering its growth. During the 40th anniversary celebration of RIMSON in Lagos,…
Economy investment Local MAN Warns U.S. Tariff Could Derail Nigeria’s N55trn Budget, Threaten AfCFTA Ambitions April 14, 2025 Ekemini The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on Nigerian goods by the United States, warning that the development could significantly…
Local Macroeconomic SEC Cracks Down on Unregistered Digital and Forex Trading Platforms Under New ISA 2025 Law April 14, 2025 Ekemini The Securities and Exchange Commission (SEC) of Nigeria has announced a ban on the operation of digital asset exchanges and online foreign exchange (forex) trading platforms that are not formally…
Business investment Local Macroeconomic Investors Cautious as NGX Sheds N440bn Amid Economic Jitters April 14, 2025 Ekemini The Nigerian Exchange (NGX) faced a sharp downturn last week, with market capitalisation dropping by N440.51 billion to settle at N65.71 trillion. This decline came despite a wave of dividend…
International Market European Stocks Surge on Tech Tariff Reprieve, But Uncertainty Lingers April 14, 2025 Ekemini European markets rebounded sharply on Monday, with the pan-European Stoxx 600 index climbing 2.2% as all sectors turned green. Technology stocks led the rally, gaining 3%, supported by U.S. President…
Business Finance Local Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven Solutions April 14, 2025 Ekemini In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in unclaimed dividends—marking a 7.7% rise from ₦63.8 billion in 2023. Despite ongoing efforts…
Finance Local Banks and Universities colluding to frustrate student loan disbursement, says NOA April 14, 2025 Ekemini The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities and banks aimed at frustrating the timely disbursement of student loans. According to Lanre Issa-Onilu,…
Finance Local Macroeconomic Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements April 14, 2025 Ekemini Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant reforms. These reforms, including the removal of long-standing fuel subsidies…
Business Energy Local FG Seeks Continued EU Support for Nigeria’s Power Sector Reform April 14, 2025 Ekemini The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges in the country’s power sector, which is critical for overall…
Banking Business Finance Local Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA April 14, 2025 Ekemini The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight margin, according to the Bank of Ghana. This auction saw…
Business investment Local Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh April 14, 2025 Ekemini The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a strategic move to reshape the country’s approach to natural resource…
Business Local Macroeconomic ISA 2025 Ushers in Bold Reforms to Transform Nigeria’s Capital Market April 14, 2025 Ekemini The newly enacted Investments and Securities Act (ISA) 2025 has been hailed as a landmark reform that resets Nigeria’s capital market framework for modern times. Replacing the outdated ISA 2007,…
Business Economy Local Trade Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility April 14, 2025 Ekemini Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and new trade tensions between the US and China drags the…
Business investment Local Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus April 14, 2025 Ekemini The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped by 0.90% to 104,563.34 points. This performance aligns with a…
Finance investment Local Technology Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space April 11, 2025 Ekemini Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking the start of a significant industry shift. GTCO followed suit…
Economy investment Local Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution April 11, 2025 Ekemini The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36 billion from the GH¢4.05 billion submitted for 91-day, 182-day, and…
Agriculture Local Macroeconomic Vegetable Exporters Urge AfCFTA to Address Trade Barriers Impeding Intra-African Trade April 11, 2025 Ekemini The Vegetable Producers and Exporters Association of Ghana has called on the African Continental Free Trade Area (AfCFTA) Secretariat to prioritize the removal of barriers hindering trade between African countries.…
Economy International Trade Japan’s Stocks Drop Amid Trade War Tensions as U.S.-China Relations Sour April 11, 2025 Ekemini Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between the U.S. and China. The sell-off in Wall Street on…
Business Energy investment Local Enugu issues 5MW power licence, boosts private sector participation in electricity market April 11, 2025 Ekemini Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish a gas-fired plant. This move further aligns with the state’s…
Energy Local Technology NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to Energy Transition April 11, 2025 Ekemini The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, highlighting its importance in Nigeria’s gas-led energy transition agenda. This…
Economy International Trade Xi Jinping Breaks Silence on U.S. Trade War: “China Is Not Afraid” April 11, 2025 Ekemini Uba In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China is “not afraid” of the escalating trade war. His comments,…
Business International Technology Google Slashes Prices to Woo U.S. Agencies, Challenges Microsoft’s Government Stronghold April 11, 2025 Ekemini In a bold move to challenge Microsoft’s dominance in the U.S. government software market, Google has announced a significant price cut for its Workspace business apps package, offering a 71%…
Business Energy Local Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre April 11, 2025 Ekemini Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865 per litre. The $20 billion refinery made this decision after…
