Business International Technology US Tech and Retail Stocks Plunge as Trump’s Tariffs Trigger Global Market Panic April 3, 2025 Ekemini A sharp market sell-off was triggered after President Donald Trump announced sweeping new tariffs, which sent megacap U.S. tech and retail stocks into a downward spiral. Apple, Walmart, and Nike…
International investment Trump’s Trade Policies Spark Record Outflows from Asian Equities in Q1 April 3, 2025 Ekemini In the first quarter of 2024, foreign investors pulled the largest amount of capital from Asian equities in 15 years, totaling $43.73 billion. This unprecedented outflow was triggered by fears…
investment Macroeconomic Investors Seek Safe Havens Amid Growing Tariff Uncertainty April 3, 2025 Ekemini As tariffs continue to shape the global trade landscape, investors are searching for strategies to mitigate the economic impact. With the S&P 500 down by 7.7% since its peak in…
International Macroeconomic China threatens countermeasures as Trump’s tariffs escalate trade tensions April 3, 2025 Ekemini The trade dispute between the United States and China has intensified following President Donald Trump’s latest announcement of new tariffs on Chinese goods. These tariffs, which are set to increase…
investment Local Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth April 3, 2025 Ekemini Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and Securities Act 2025 (ISA 2025), believing it will significantly enhance market integrity and provide…
International Macroeconomic Bitcoin Dips to $82,000 Amid Trade Tensions Following Trump’s Tariff Announcement April 3, 2025 Ekemini Bitcoin (BTC) experienced a notable decline on Thursday, dropping to around $82,000, a 4% loss, amid heightened global trade tensions following U.S. President Donald Trump’s announcement of extensive tariffs on…
Business Local Softening Inflation Fuels Private Sector Growth to 54.3 in March 2024 April 3, 2025 Ekemini Private sector growth in Nigeria saw a significant uptick in March 2024, with the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) reaching 54.3 points, up from 53.7 in February. This…
Business investment Local Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over Nigeria’s Business Climate April 3, 2025 Ekemini Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest $700 million in Cameroon’s strategic sectors, including agriculture, maritime logistics, hospitality, and energy. The…
International Macroeconomic EU Prepares Countermeasures Against New U.S. Tariffs, Warns of Global Economic Impact April 3, 2025 Ekemini European Commission President Ursula von der Leyen has strongly criticized U.S. President Donald Trump’s recent universal tariffs, describing them as a major blow to the global economy. She stated that…
Business International Macroeconomic Nigeria and Japan Launch Youth-Centric Venture Fund to Boost Innovation April 3, 2025 Ekemini In a move to support youth entrepreneurship, Nigeria and Japan have launched a venture capital fund aimed at stimulating high-growth startups. The initiative focuses on investing in naira, ensuring long-term…
Business Local MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX April 3, 2025 Ekemini MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial forecast filed with the Nigerian Exchange Limited (NGX). The forecast…
International Macroeconomic Trump Imposes 14% Tariff on Nigeria, Reworking Global Trade Dynamics April 3, 2025 Ekemini In a significant shift in U.S. trade policy, President Donald Trump announced a new tariff regime that includes a 14% duty on Nigerian exports to the United States. This decision…
Business International investment Technology OpenAI Secures $40 Billion Funding to Propel AGI Research and Stargate Initiative April 3, 2025 Ekemini OpenAI has raised $40 billion in a new funding round aimed at accelerating its pursuit of Artificial General Intelligence (AGI). The round, which values the company at $300 billion post-money,…
Africa Local Macroeconomic Ghana’s Inflation Rate Slows to 22.4% in March 2025 April 3, 2025 Ekemini Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a continued downward trend in the country’s inflation, which had been…
Africa Local Macroeconomic IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms April 3, 2025 Ekemini The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF) programme for 2023–2026. The two-week mission, which commenced on April…
Finance investment Local Bearish Start to Q2 as Nigerian Stock Market Loses N90bn April 3, 2025 Ekemini The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by 0.14% to close at 105,515.99 points. This decline resulted in…
Business Macroeconomic CBN refutes new N5,000, N10,000 banknotes report April 3, 2025 Ekemini The Central Bank of Nigeria (CBN) has dismissed a report circulating online that it had introduced new N5,000 and N10,000 banknotes. In a statement shared on its Instagram page on…
Finance Local Macroeconomic Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three Years April 2, 2025 Ekemini Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over three years. This surge represents a sharp recovery from a…
Economy International Wall Street Faces Downward Pressure as Tariff Concerns Weigh on Markets April 2, 2025 Ekemini On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing concerns over President Donald Trump’s impending tariff announcements. The Dow…
Finance Local Macroeconomic Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit Three-Year High April 2, 2025 Ekemini The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks, following a boost in the country’s foreign-exchange reserves. The local currency strengthened by 0.6%,…
Finance investment Local SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria April 2, 2025 Ekemini The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi schemes in Nigeria, stating that they risk severe penalties, including fines of up…
Finance International Macroeconomic Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies April 2, 2025 Ekemini As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like the US, UK, and Canada. Since President Bola Tinubu’s decision…
Business International African Startup Funding Declines 5% in Q1 2025 Amid Drop in Mega Deals April 2, 2025 Ekemini In the first quarter of 2025, venture capital funding into African startups dropped by 5%, reaching $460 million. This marks a continued decline in investment, with figures falling from $486…
Africa Business International PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation and Youth Development April 2, 2025 Ekemini The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21, marking a significant milestone in the continent’s project management landscape.…
International Macroeconomic Treasury Yields Rise as Investors Brace for Trump’s Tariff Rollout and Economic Data April 2, 2025 Ekemini U.S. Treasury yields experienced a slight increase on Wednesday as investors eagerly awaited economic data and the rollout of President Donald Trump’s new tariffs. By 5:02 a.m. ET, the 10-year…
Local Technology Telecom Operators Turn to Edge Computing to Accelerate AI Adoption in Nigeria April 2, 2025 Ekemini Telecom operators worldwide are embracing edge computing to manage the surge in AI-driven data traffic, and Nigeria is no exception. A recent GSMA Intelligence report highlighted the urgency of this…
Business International Trump Tariffs Set to Strike Italian Companies Hard, Warns Business Lobby April 2, 2025 Ekemini The head of Confindustria, Italy’s leading business lobby, Emanuele Orsini, warned that U.S. President Donald Trump’s new tariffs could have a devastating impact on Italian businesses. Speaking in an interview,…
International Macroeconomic Market Investors Turn Bearish on U.S. Dollar Amid Trump Tariff Concerns April 2, 2025 Ekemini As U.S. President Donald Trump prepares to roll out new tariffs, investors are shifting away from the U.S. dollar, showing increasing bearish sentiment toward the greenback. Experts, including Joseph Brusuelas,…
Business Local Technology Equinix Expands Data Center in Lagos to Boost Nigeria’s Digital Economy April 2, 2025 Ekemini Equinix, formerly known as MainOne, has unveiled the expansion of its Lagos data center, LG2.3, to meet the rising demand for digital services in Nigeria. The expansion is part of…
Africa Business Local Macroeconomic Bank of Ghana Urges Continued Efforts to Tackle Inflation Amid Economic Growth April 2, 2025 Ekemini The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stressed that while some progress has been made in controlling inflation, further efforts are required to bring it down…
