International Macroeconomic Trump’s 14% Tariff on Nigerian Exports Poses Threat to $6 Billion Annual Revenue April 7, 2025 Ekemini The recent imposition of a 14% tariff by U.S. President Donald Trump on Nigerian exports has raised serious concerns among stakeholders and exporters. This new policy threatens Nigeria’s $6 billion…
Business Energy Local FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025 April 7, 2025 Ekemini In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to receive the first batch of 3.2 million electricity meters in…
Africa Business Local Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability April 7, 2025 Ekemini The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to maintaining a stable macroeconomic environment, despite the current challenges. The…
Africa Business Finance Local Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure April 7, 2025 Ekemini The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025. This initiative aims…
Economy International Asian Markets Dive as Trump’s Tariff War Deepens Global Economic Turmoil April 7, 2025 Ekemini Asian markets faced a sharp decline on Monday, deepening a global stock market rout spurred by the escalating trade war between Asian markets faced a sharp decline on Monday, deepening…
Business investment Local NGX Faces Setback Despite Strong Earnings Season April 7, 2025 Ekemini The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week’s gains and continuing the bearish trend that started in March. The NGX All-Share Index (ASI)…
Business Local Technology Experts Endorse Nigeria Re’s AI Strategy to Boost Insurance Sector Growth April 7, 2025 Ekemini Stakeholders in Nigeria’s insurance sector have shown strong support for Nigeria Reinsurance Corporation’s new artificial intelligence (AI) strategy, lauding its balanced and forward-thinking approach. The strategy aims to integrate advanced…
Business Local Macroeconomic CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price Drops April 7, 2025 Ekemini The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71 million to authorized dealers. This intervention aimed to prevent further depreciation…
Business International Macroeconomic Nigeria Considers Strengthening Trade Ties with China, EU, and BRICS in Response to US Tariffs April 7, 2025 Ekemini In response to the imposition of new US tariffs, Nigerian fund managers from Cory Assets Management Limited, led by Johnson Chukwu, suggest that Nigeria may seek to strengthen its trade…
Energy Local Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action April 4, 2025 Ekemini In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline, located between Angiama and Angiamagbene in the Southern Ijaw Local Government Area of Bayelsa…
International Macroeconomic WTO Director-General Okonjo-Iweala Warns Trump Over New Tariffs April 4, 2025 Ekemini The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has raised concerns about the impact of new tariffs imposed by U.S. President Donald Trump. On April 2, 2025,…
Business Local NNPC Appoints New Management Team, Ojulari Takes Over from Kyari April 4, 2025 Ekemini The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed its new Group Chief Executive Officer (GCEO), Mr. Bashir Bayo Ojulari, as he takes over from his predecessor, Mr.…
Business Finance Local CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts April 4, 2025 Ekemini JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign inflows into its reserves, a move that could support the naira, which…
Finance investment Local Macroeconomic Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week April 4, 2025 Ekemini The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April 4, 2025. The market’s performance was notably impacted by a holiday-shortened…
Agriculture Business Local Tinubu Appoints Ayo Sotinrin as New MD of Bank of Agriculture April 4, 2025 Ekemini President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. The announcement was made through a statement issued by presidential spokesman,…
International Macroeconomic Unfair Credit Ratings Increasing Borrowing Costs for African Countries, Says ECA April 4, 2025 Ekemini African countries continue to struggle with high borrowing costs due to what they perceive as unfair credit ratings assigned by global rating agencies. Claver Gatete, the Executive Secretary of the…
Business Finance Local Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and Payment Infrastructure April 4, 2025 Ekemini Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the Central Bank of Nigeria (CBN) and modernize the country’s domestic…
Business International China Hits Back with 34% Tariffs on U.S. Imports, Escalating Trade Tensions April 4, 2025 Ekemini In a sharp retaliation to President Donald Trump’s recent tariff hikes, China has announced new tariffs of 34% on all U.S. imports, effective April 10. This move mirrors Trump’s latest…
Business International Technology Trump Suggests China Could Receive Tariff Relief in Exchange for TikTok Approval April 4, 2025 Ekemini President Donald Trump recently indicated that China could receive tariff relief if it approves the sale of TikTok, the popular short video app owned by ByteDance. Speaking aboard Air Force…
Banking Business investment Local FCMB Records N111.9bn Profit Before Tax for 2024, Announces Strong Growth April 4, 2025 Ekemini First City Monument Bank (FCMB) posted a remarkable Profit Before Tax (PBT) of N111.9 billion for the financial year ending December 31, 2024. This represents a significant 71% growth compared…
Local Technology IpNX and NCC Strengthen Collaboration to Drive Nigeria’s Broadband Growth April 4, 2025 Ekemini IpNX, a leading Nigerian ICT company and connectivity provider, is deepening its collaboration with the Nigeria Communications Commission (NCC) to align policies and drive the Federal Government’s broadband penetration and…
International Macroeconomic Experts Urge Export Diversification Amid U.S. Tariff Threats April 4, 2025 Ekemini As the United States imposes new tariffs on global trade, experts are urging African nations, including Ghana, to accelerate efforts to diversify exports within the African Continental Free Trade Area…
International investment Global Selloff Accelerates as Japanese Banks Struggle Amid Tariff Concerns April 4, 2025 Ekemini Investors are reacting to a global selloff triggered by U.S. President Donald Trump’s tariff policies, which have significantly impacted Japanese banks. The banking sector in Japan faced a sharp decline…
Business International investment Macroeconomic Macron Calls for Suspension of US Investments Amid Tariff Dispute April 4, 2025 Ekemini French President Emmanuel Macron has called for European companies to suspend planned investments in the United States following the announcement of sweeping tariffs by U.S. President Donald Trump. Macron made…
International Macroeconomic Limited Impact of US Trade War on Nigeria’s Economy, Says Economist Dr. Muda Yusuf April 4, 2025 Ekemini Dr. Muda Yusuf, a prominent economist, has suggested that the ongoing trade war between the United States and other countries, initiated by President Donald Trump, is unlikely to significantly affect…
Business Local Nigerian Breweries Reports N1.07 Trillion Revenue Amid Economic Challenges April 4, 2025 Ekemini In 2024, Nigerian Breweries achieved a significant revenue of N1.07 trillion, nearly doubling its 2023 performance of N599.5 billion. However, despite this growth, the company faced a substantial increase in…
Finance Local Technology Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025 April 4, 2025 Ekemini Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the enactment of the Investment and Securities Act (ISA) 2025. Signed by President Bola Tinubu,…
Local Macroeconomic Naira Depreciates Amid Trump’s New Trade Tariffs and Global Market Instability April 4, 2025 Ekemini The Nigerian naira experienced a significant decline against the US dollar on Thursday, following US President Donald Trump’s announcement of a new 10% global trade tariff. The naira lost 1.3%…
Business Local Technology Telcos Invest in Network Upgrades Amid Tariff Hikes to Satisfy Nigerian Customers April 4, 2025 Ekemini Telecom operators in Nigeria are embarking on major network infrastructure upgrades to address growing frustrations among customers due to poor connectivity. Sources reveal that companies such as Glo, Airtel, and…
Business International Macroeconomic U.S. Ambassador Reassures Ghana Amid Trade Policy Shifts April 3, 2025 Ekemini The United States Ambassador to Ghana, Virginia Evelyn Palmer, sought to calm concerns regarding the future of U.S.-Ghana trade relations amid significant shifts in American trade policy. Her comments come…
