Nigeria’s Foreign Exchange Reserves Surge to $23.11bn in 2024
Nigeria’s foreign exchange reserves have surged to $23.11 billion at the close of 2024, marking the highest level in over…
Year: 2025
Business Confidence Hits 14-Month High as Inflation Eases in Nigeria
Business confidence in Nigeria reached its highest point in 14 months in March, as businesses experienced rising demand for their…
Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari As New GCEO Of NNPCL
In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited’s board.…
Naira-for-Crude Deal Faces Uncertainty as Dangote Refinery Imports Record Quantities of Oil
The Federal Government’s naira-for-crude policy, aimed at stabilizing fuel prices and the foreign exchange market, may continue despite uncertainty over…
Nigeria’s New Capital Market Laws Recognize Cryptocurrencies as Securities
Nigeria has officially recognized cryptocurrencies and other virtual assets as securities under its new capital market laws, marking a significant…
China Urges Banks to Boost Credit Support for Technology Firms
China’s National Financial Regulatory Administration has called on banks to increase their issuance of credit loans and medium- and long-term…
Luxshare Considers Hong Kong Listing to Raise up to $3 Billion
China’s Luxshare Precision Industry, a major supplier for Apple, is reportedly exploring a potential listing in Hong Kong this year.…
Global Stocks Struggle as Tariff Fears and Economic Slowdown Weigh on Markets
Global stocks took a hit as traders reacted to increasing concerns over President Donald Trump’s impending tariff announcement, which has…
BoG Unveils New Measures to Strengthen Liquidity Management- Ghana
The Bank of Ghana (BoG) has introduced additional measures aimed at tightening liquidity management within the economy. This move is…
CBN Restructures Pre-shipment Inspection Agent Allocations to Improve Efficiency in Oil and Gas Sector
The Central Bank of Nigeria (CBN) has launched a comprehensive restructuring of the allocation of terminals to Pre-Shipment Inspection Agents…
Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance Variations
The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in the first quarter of 2025.…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase driven by strong autonomous…
Euro Zone Inflation Drops to 2.2% in March Amid U.S. Tariffs Concerns
Euro zone inflation eased to 2.2% in March, slightly below the 2.3% recorded in February, according to flash data from…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic Uncertainty
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump’s tariff policy. The 10-year…
OpenAI Expands Image Generator Access to All Free ChatGPT Users Amid High Demand and Funding Boost
OpenAI has made its advanced image-generation tool available to all ChatGPT users, including those on the free tier, expanding its…
OpenAI Secures $40 Billion in Record Funding, Valuation Soars to $300 Billion
OpenAI has successfully completed the largest private tech funding round in history, securing an impressive $40 billion, pushing its valuation…
Telecom Infrastructure Under Siege: Vandalism and Theft Disrupting Nigeria’s Network Services
Telecommunication infrastructure in Nigeria is facing persistent attacks, including fibre cuts, vandalism, and theft, disrupting the network stability for millions…
China, Japan, and South Korea Strengthen Trade Ties Amid U.S. Tariff Threats
China, Japan, and South Korea have pledged to enhance regional trade cooperation as they prepare for the impact of U.S.…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost Nigeria’s Financial Market
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key stakeholders in Nigeria’s financial…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits Record High
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged to…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to Address Security Challenges
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the organizers of the Banking, Financial Services,…
Surge in Personal Loans Amid Economic Pressures – CBN Report
In its Fourth Quarter 2024 Economic Report, the Central Bank of Nigeria (CBN) revealed that Nigerians secured N470 billion in…
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange market. The…
Retym Raises $75 Million to Develop AI-Optimized Chips for Data Centers
Chip startup Retym has secured $75 million in funding as part of a larger $180 million investment to develop networking…
Russian Rouble Expected to Weaken Back to 100 to the US Dollar in a Year
A recent Reuters poll of 18 economists predicts that the Russian rouble will weaken to around 100 to the U.S.…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal Pressures
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion), representing 23.14% of the nation’s…
Nigerians Borrow N470 Billion in Personal Loans Amid Economic Pressures – CBN Report
The Central Bank of Nigeria (CBN) has disclosed that Nigerians took out a total of N470 billion in personal loans…
TikTok Removes 2.4 Million Nigerian Videos in Global Crackdown on Content Violations
In the fourth quarter of 2024, TikTok took down 2.4 million videos from Nigerian users due to policy violations, according…
Apple Hit with $162 Million Fine in France Over Ad Tracking Violations
Apple has been slapped with a €150 million ($162.42 million) fine by French antitrust regulators for allegedly abusing its power…
Global Stocks Extend Losses Amid Deepening US Tariff Fears
Global stock markets continued their downward trajectory on Monday, as fears surrounding the impact of US tariffs weighed heavily on…