Energy International Macroeconomic Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs April 10, 2025 Ekemini Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day, and US West Texas Intermediate (WTI) dropping to $57.21. This marks…
Features Opinion My thesis on sustainable development of our great State April 9, 2025 akintunde Creating a sustainable future requires bold and innovative strategies that focus on economic growth, social well-being and environmental care. By prioritizing specifically, skill acquisition, support for the vulnerable and temporary…
Finance investment Local Pension Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years April 9, 2025 Ekemini In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218% surge between 2015 and 2020. As of February 2025, the…
Business environment Local Waste Managers in Nigeria Urge Government to Adopt Cost-Reflective Tariffs Amid Rising April 9, 2025 Ekemini The Association of Waste Managers of Nigeria (AWAMN) has called on the Nigerian government to introduce a cost-reflective tariff structure for waste management services to address rising operational costs and…
Africa Economy Local GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn April 9, 2025 Ekemini The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax revenue target of GH₵39 billion by collecting GH₵41 billion. This…
Energy Finance Local FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative April 9, 2025 Ekemini The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The government confirmed that the initiative, which mandates the transaction of…
International Macroeconomic Politics Global Economists Condemn Trump’s Tariffs, Warning of Recession and Disruptions April 9, 2025 Ekemini Economists around the world are raising alarms about the potential consequences of President Donald Trump’s sweeping tariffs, which have escalated into a trade war with severe global repercussions. Experts argue…
Finance investment Local Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action April 9, 2025 Ekemini In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully operationalising the Climate Change Fund (CCF), a vital financial instrument aimed at promoting sustainability…
Business Finance International European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises April 9, 2025 Ekemini European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London. All sectors, including healthcare, mining, and oil & gas, saw…
Business Finance Local Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom April 9, 2025 Ekemini Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion. The company’s Managing Director, Dr. Inalegwu Adoga, expressed satisfaction with…
Business investment Local NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus April 9, 2025 Ekemini The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53% revenue growth. This surge was attributed to increased market activity,…
Business Finance Local Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion April 9, 2025 Ekemini Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to the National Pension Commission (PenCom). These investments cover a range…
Local Technology NCC Moves to Regulate Unclaimed Airtime and Data Balances for Telecom Subscribers April 9, 2025 Ekemini The Nigerian Communications Commission (NCC) has initiated discussions on regulating unclaimed airtime and data balances in the telecommunications sector. The commission held an Industry Consultative Forum on April 8, 2025,…
insurance Local Technology Experts Urge Balance Between AI and Human Resources in Insurance Industry April 9, 2025 Ekemini As technological advancements such as Artificial Intelligence (AI), Big Data, IoT, and Blockchain continue to transform industries, experts in the insurance sector have raised concerns over the diminishing role of…
Business Local Technology Sanwo-Olu to inaugurate Rack Centre LGS2 Data Centre April 10 April 9, 2025 Ekemini On April 10, 2025, the Governor of Lagos State, Babajide Sanwo-Olu, will officially inaugurate the LGS2 Data Centre, a state-of-the-art facility developed by Rack Centre. The Governor confirmed his attendance…
Business Finance Local CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion April 9, 2025 Ekemini The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of 2024. This effort is part of the ongoing strategy to…
International Macroeconomic Bond Selloff Signals Global Market Turmoil Amid U.S. Tariff Escalation April 9, 2025 Ekemini U.S. Treasuries experienced significant losses as a global market rout was sparked by the imposition of high U.S. tariffs, leading to forced selling and a rush for cash. The 10-year…
Africa International Macroeconomic Adesina Advocates for Stronger Global Partnerships to Boost African Economic Growth April 9, 2025 Ekemini Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering global alliances to enhance economic opportunities in Africa during a visit to the United Bank…
Business International Trade Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US April 9, 2025 Ekemini US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of Nigeria’s non-oil exports to the United States at risk. The…
Business Crypto International Crypto Market Crashes as Trump’s Tariffs on China Trigger Financial Chaos April 9, 2025 Ekemini The cryptocurrency market has been hit hard following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin dropped 4.1%, hitting $76,550, while Ethereum plunged 8.3%, reaching its…
International Macroeconomic Trump Imposes 104% Tariff on China Following Failed Deadline, Intensifying Trade Tensions April 9, 2025 Ekemini The Trump administration has escalated its trade war with China by imposing a significant 104% tariff on Chinese imports. This decision came after Beijing missed a Tuesday deadline to lift…
Africa Business International IMF Warns of Increased Funding Requests from Africa Amid U.S. Tariff Fallout April 9, 2025 Ekemini The International Monetary Fund (IMF) is bracing for an influx of funding requests from African nations, as the economic consequences of U.S. President Donald Trump’s recent tariffs begin to unfold.…
Agriculture Business Local US Tariff Hits Ghana’s Cocoa, Textiles, and Agriculture Sectors April 9, 2025 Ekemini Ghanaian exporters are facing significant challenges due to the United States’ recent decision to impose a 10% tariff on imports, which is expected to negatively affect the country’s key non-traditional…
Business Local Stock ETI, Calbank, and Total Drive GSE’s Strong Performance in Q1 2025-GHANA April 9, 2025 Ekemini The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the first quarter. Ecobank Transnational Incorporated (ETI) led the charge, seeing…
Business International Macroeconomic Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline April 9, 2025 Ekemini US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect on Wednesday, intensifying his ongoing trade war with numerous countries. These tariffs,…
Africa International Technology Africa’s $60 Billion AI Bet: Ambitious but Lags Behind Global Rivals April 9, 2025 Ekemini Africa has set an ambitious goal with a $60 billion investment into Artificial Intelligence (AI) development, representing 2.2% of the continent’s $2.78 trillion GDP. This initiative, part of the Africa…
Business investment Local Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss April 9, 2025 Ekemini Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss and gained N100.45 billion in market capitalisation. This positive shift followed a significant…
International Macroeconomic Trump’s Tariffs Threaten U.S. Economy and New York’s Future, Warns Senator Schumer April 8, 2025 Ekemini Senator Chuck Schumer has sharply criticized former President Donald Trump for the economic fallout caused by his tariff policies, claiming that they have plunged the U.S. into chaos. According to…
International investment Nigeria Stocks Join Global Decline Amid Tariff Turmoil, Investors Lose N659bn April 8, 2025 Ekemini Nigeria’s stock market suffered significant losses, mirroring a global downturn triggered by U.S. President Donald Trump’s tariffs. On April 7, 2025, the Nigerian Exchange’s All Share Index (ASI) fell by…
Africa Business International AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth April 8, 2025 Ekemini Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and African markets to unlock the continent’s economic potential and foster…
