Trump’s 14% Tariff on Nigerian Exports Poses Threat to $6 Billion Annual Revenue
The recent imposition of a 14% tariff by U.S. President Donald Trump on Nigerian exports has raised serious…
Yearly Archives
2025
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
Asian Markets Dive as Trump’s Tariff War Deepens Global Economic Turmoil
Asian markets faced a sharp decline on Monday, deepening a global stock market rout spurred by the escalating…
NGX Faces Setback Despite Strong Earnings Season
The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week's gains and…
Experts Endorse Nigeria Re’s AI Strategy to Boost Insurance Sector Growth
Stakeholders in Nigeria's insurance sector have shown strong support for Nigeria Reinsurance Corporation’s new…
CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price…
The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71…
Nigeria Considers Strengthening Trade Ties with China, EU, and BRICS in Response…
In response to the imposition of new US tariffs, Nigerian fund managers from Cory Assets Management Limited, led…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline,…
WTO Director-General Okonjo-Iweala Warns Trump Over New Tariffs
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has raised concerns about the…
NNPC Appoints New Management Team, Ojulari Takes Over from Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed its new Group Chief Executive…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April…
Tinubu Appoints Ayo Sotinrin as New MD of Bank of Agriculture
President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture,…
Unfair Credit Ratings Increasing Borrowing Costs for African Countries, Says ECA
African countries continue to struggle with high borrowing costs due to what they perceive as unfair credit…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and…
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
China Hits Back with 34% Tariffs on U.S. Imports, Escalating Trade Tensions
In a sharp retaliation to President Donald Trump's recent tariff hikes, China has announced new tariffs of 34% on…
Trump Suggests China Could Receive Tariff Relief in Exchange for TikTok Approval
President Donald Trump recently indicated that China could receive tariff relief if it approves the sale of…
FCMB Records N111.9bn Profit Before Tax for 2024, Announces Strong Growth
First City Monument Bank (FCMB) posted a remarkable Profit Before Tax (PBT) of N111.9 billion for the financial…
IpNX and NCC Strengthen Collaboration to Drive Nigeria’s Broadband Growth
IpNX, a leading Nigerian ICT company and connectivity provider, is deepening its collaboration with the Nigeria…
Experts Urge Export Diversification Amid U.S. Tariff Threats
As the United States imposes new tariffs on global trade, experts are urging African nations, including Ghana, to…
Global Selloff Accelerates as Japanese Banks Struggle Amid Tariff Concerns
Investors are reacting to a global selloff triggered by U.S. President Donald Trump's tariff policies, which have…
Macron Calls for Suspension of US Investments Amid Tariff Dispute
French President Emmanuel Macron has called for European companies to suspend planned investments in the United…
Limited Impact of US Trade War on Nigeria’s Economy, Says Economist Dr. Muda Yusuf
Dr. Muda Yusuf, a prominent economist, has suggested that the ongoing trade war between the United States and…
Nigerian Breweries Reports N1.07 Trillion Revenue Amid Economic Challenges
In 2024, Nigerian Breweries achieved a significant revenue of N1.07 trillion, nearly doubling its 2023 performance…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the…
Naira Depreciates Amid Trump’s New Trade Tariffs and Global Market Instability
The Nigerian naira experienced a significant decline against the US dollar on Thursday, following US President…
Telcos Invest in Network Upgrades Amid Tariff Hikes to Satisfy Nigerian Customers
Telecom operators in Nigeria are embarking on major network infrastructure upgrades to address growing…
U.S. Ambassador Reassures Ghana Amid Trade Policy Shifts
The United States Ambassador to Ghana, Virginia Evelyn Palmer, sought to calm concerns regarding the future of…