Agriculture Business Local Ghana’s Cocoa Industry Unfazed by U.S. Tariff, Says Farmers Association April 11, 2025 Ekemini The United States’ recent decision to impose a 10% tariff on imports from various countries, including Ghana, has stirred concern about its potential impact on the global economy, with particular…
Business International Macroeconomic Nigeria’s Economy Faces Strain as Global Oil Prices Drop to Four-Year Low Amid US-China Tariff War April 11, 2025 Ekemini Global oil prices have plunged to a four-year low due to escalating US-China trade tensions and rising concerns over supply imbalances. Brent crude dropped to $60.44 per barrel, while WTI…
Business Economy Local Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025 April 11, 2025 Ekemini Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a rise in the country’s Purchasing Managers’ Index (PMI) to 52.3…
Finance International investment Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War April 11, 2025 Ekemini Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald Trump’s announcement of a 10% import tariff on foreign goods. This move, along…
International Macroeconomic US-China Trade War Could Slash Global GDP by 7%, WTO Chief Warns April 11, 2025 Ekemini World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned that the ongoing trade war between the United States and China could severely impact the global economy, potentially reducing global GDP…
Business Finance investment Local NGX Shifts Gears to Attract Private Capital Amid Record Growth April 11, 2025 Ekemini The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming to reverse the trend of company delistings and boost investor…
Business Energy International Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause April 11, 2025 Ekemini In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling for strategic dialogue and measured responses, especially from vulnerable economies like…
Business Economy investment Local MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound April 10, 2025 Ekemini MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering, once the company gets back on solid financial footing. MTN…
Energy Local FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm April 10, 2025 Ekemini The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery Engineering Corporation (CMEC) to rehabilitate and expand the country’s electricity transmission network. This agreement, signed…
Local Macroeconomic Ghana Risks Losing $500M in Revenue Over Domestic Lithium Refining Plans, Warns NRGI April 10, 2025 Ekemini Ghana faces the potential loss of up to $500 million in government revenue if it proceeds with plans to refine its lithium domestically, according to a report by the Natural…
Agriculture Business Local COCOBOD Maintains Cocoa Producer Price Despite Côte d’Ivoire’s Increase-GHANA April 10, 2025 Ekemini The Ghana Cocoa Board (COCOBOD) has confirmed that it will keep the cocoa producer price unchanged for the 2025/2026 season. This decision was made after a thorough review of the…
International Macroeconomic Bitcoin Rebounds Above $82K Following Trump’s 90-Day Tariff PauseCryptos, Markets April 10, 2025 Ekemini U.S. President Donald Trump’s recent announcement of a temporary 90-day pause on tariffs for most global trading partners, excluding China, has sparked renewed optimism in the markets, especially in the…
Business Local Macroeconomic Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns April 10, 2025 Ekemini In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at Afreximbank, highlighted the significant challenges Nigeria faces in achieving its…
Business investment Local Market Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers April 10, 2025 Ekemini The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the previous day’s 104,376.73. This drop of 189.73 points was accompanied…
Finance investment Local NGX Shifts Focus to Attract Private Capital Amid Rising Delistings April 10, 2025 Ekemini As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into the increasing flow of private capital. Temi Popoola, the CEO…
Business Finance investment Local Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms April 10, 2025 Ekemini Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to its Chairman, Tony Elumelu. Speaking at the company’s 19th Annual…
International Stock European Stocks Surge 4.9% After U.S. Tariff Pause April 10, 2025 Ekemini European markets experienced a sharp rally on Thursday, with the pan-European Stoxx 600 rising 4.9% by mid-morning. The surge followed an unexpected move by U.S. President Donald Trump to temporarily…
Finance Local Macroeconomic Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024 April 10, 2025 Ekemini In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund (IMF) receiving the largest share of $407.97 million. This payment…
Africa International Technology 5G Could Add $26 Billion to Africa’s GDP by 2030, Says GSMA April 10, 2025 Ekemini Africa is at the early stages of adopting fifth-generation (5G) mobile technology, but its economic potential is already making waves. The GSMA’s new report, Destination Growth: The Journey to Complete…
Africa Business International Technology Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future April 10, 2025 Ekemini James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI) could significantly benefit Africa during his speech at the Global…
Business investment Local Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership April 10, 2025 Ekemini The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving the once-thriving local textile industry. Minister of State for Industry,…
Banking Finance Local NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks April 10, 2025 Ekemini The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20 banks that previously failed, marking a significant achievement in its…
Business Local Nigeria’s Business Confidence Soars as PMI Reaches 52.3 in March 2025 April 10, 2025 Ekemini Nigeria’s private sector continued its growth momentum in March 2025, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) climbed to 52.3, up from 51.4 in February. This…
Business Energy investment Local Dangote Refinery begins global export of refined petroleum products April 10, 2025 Ekemini The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s energy and industrial sectors. This was announced by Mr. Ayirioritse…
Business investment Local NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion April 10, 2025 Ekemini The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of ₦2 per share for the 2024 business year. At its…
Local Macroeconomic Nigeria Records $6.83bn Balance of Payments Surplus in 2024, Signaling Economic Revival April 10, 2025 Ekemini Nigeria’s economy is showing promising signs of recovery with a recorded balance of payments (BoP) surplus of $6.83 billion in 2024, according to the Central Bank of Nigeria (CBN). This…
Business Economy International Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties April 10, 2025 Ekemini Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his planned “reciprocal” tariffs. The S&P 500 surged by 9.5% by…
Local Macroeconomic Nigeria Sees Record Remittance Inflows Under Cardoso, Strengthening Economy April 10, 2025 Ekemini In 2024, remittance inflows into Nigeria reached $20.98 billion, a nine percent increase from the previous year and the highest level in five years, under the leadership of Olayemi Cardoso,…
Africa Business International Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader April 10, 2025 Ekemini The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has urged Nigeria and its neighbors to reorganize and strengthen their…
Agriculture Local Technology AI Will Boost Human Productivity, Not Replace It – Prof. Abah at StemCon 2025 April 10, 2025 Ekemini At the recently held StemCon 2025 at Nile University, Professor Joshua Abah, Dean of the Faculty of Computing, reassured attendees that artificial intelligence (AI) is not a threat to human…
