US Tech and Retail Stocks Plunge as Trump’s Tariffs Trigger Global Market Panic
A sharp market sell-off was triggered after President Donald Trump announced sweeping new tariffs, which sent megacap U.S. tech and…
Year: 2025
Trump’s Trade Policies Spark Record Outflows from Asian Equities in Q1
In the first quarter of 2024, foreign investors pulled the largest amount of capital from Asian equities in 15 years,…
Investors Seek Safe Havens Amid Growing Tariff Uncertainty
As tariffs continue to shape the global trade landscape, investors are searching for strategies to mitigate the economic impact. With…
China threatens countermeasures as Trump’s tariffs escalate trade tensions
The trade dispute between the United States and China has intensified following President Donald Trump’s latest announcement of new tariffs…
Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth
Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and Securities Act 2025 (ISA…
Bitcoin Dips to $82,000 Amid Trade Tensions Following Trump’s Tariff Announcement
Bitcoin (BTC) experienced a notable decline on Thursday, dropping to around $82,000, a 4% loss, amid heightened global trade tensions…
Softening Inflation Fuels Private Sector Growth to 54.3 in March 2024
Private sector growth in Nigeria saw a significant uptick in March 2024, with the Stanbic IBTC Bank Purchasing Managers’ Index…
Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over Nigeria’s Business Climate
Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest $700 million in Cameroon’s…
EU Prepares Countermeasures Against New U.S. Tariffs, Warns of Global Economic Impact
European Commission President Ursula von der Leyen has strongly criticized U.S. President Donald Trump’s recent universal tariffs, describing them as…
Nigeria and Japan Launch Youth-Centric Venture Fund to Boost Innovation
In a move to support youth entrepreneurship, Nigeria and Japan have launched a venture capital fund aimed at stimulating high-growth…
MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX
MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial…
Trump Imposes 14% Tariff on Nigeria, Reworking Global Trade Dynamics
In a significant shift in U.S. trade policy, President Donald Trump announced a new tariff regime that includes a 14%…
OpenAI Secures $40 Billion Funding to Propel AGI Research and Stargate Initiative
OpenAI has raised $40 billion in a new funding round aimed at accelerating its pursuit of Artificial General Intelligence (AGI).…
Ghana’s Inflation Rate Slows to 22.4% in March 2025
Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a…
IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms
The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF)…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
CBN refutes new N5,000, N10,000 banknotes report
The Central Bank of Nigeria (CBN) has dismissed a report circulating online that it had introduced new N5,000 and N10,000…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three Years
Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over…
Wall Street Faces Downward Pressure as Tariff Concerns Weigh on Markets
On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing…
Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit Three-Year High
The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks, following a boost in…
SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi schemes in Nigeria,…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like…
African Startup Funding Declines 5% in Q1 2025 Amid Drop in Mega Deals
In the first quarter of 2025, venture capital funding into African startups dropped by 5%, reaching $460 million. This marks…
PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation and Youth Development
The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21,…
Treasury Yields Rise as Investors Brace for Trump’s Tariff Rollout and Economic Data
U.S. Treasury yields experienced a slight increase on Wednesday as investors eagerly awaited economic data and the rollout of President…
Telecom Operators Turn to Edge Computing to Accelerate AI Adoption in Nigeria
Telecom operators worldwide are embracing edge computing to manage the surge in AI-driven data traffic, and Nigeria is no exception.…
Trump Tariffs Set to Strike Italian Companies Hard, Warns Business Lobby
The head of Confindustria, Italy’s leading business lobby, Emanuele Orsini, warned that U.S. President Donald Trump’s new tariffs could have…
Investors Turn Bearish on U.S. Dollar Amid Trump Tariff Concerns
As U.S. President Donald Trump prepares to roll out new tariffs, investors are shifting away from the U.S. dollar, showing…
Equinix Expands Data Center in Lagos to Boost Nigeria’s Digital Economy
Equinix, formerly known as MainOne, has unveiled the expansion of its Lagos data center, LG2.3, to meet the rising demand…
Bank of Ghana Urges Continued Efforts to Tackle Inflation Amid Economic Growth
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stressed that while some progress has been made in…