Finance investment Local Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate Earnings and Federal Reforms March 31, 2025 Ekemini The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion. This growth was attributed to a combination of positive investor…
investment Local Offshore Investment Withdrawals Impact Nigerian Stock Market as Foreign Participation Declines March 31, 2025 Ekemini Concerns are mounting over the significant decline in foreign investment in the Nigerian Exchange Limited (NGX), as offshore investors withdrew N70.45 billion from the market in the first two months…
Business Economy International Stock Global Stocks Tumble as Tariff Fears and Recession Concerns Grow March 31, 2025 Ekemini World markets experienced sharp declines on Monday, with gold prices hitting a record high as global trade tensions escalated. U.S. President Donald Trump’s remarks on Air Force One indicated that…
International Technology Zhipu AI Launches Free AI Agent, Escalating China’s Tech Race March 31, 2025 Ekemini Chinese AI startup Zhipu AI has introduced a new free AI agent called AutoGLM Rumination, marking a significant development in China’s rapidly growing artificial intelligence sector. The product, which can…
Africa Local Technology Sam George Advocates for Inclusive AI Integration to Drive Ghana’s Development March 31, 2025 Ekemini Ghana’s Minister of Communication, Digital Technology, and Innovation, Samuel Nartey George, has emphasized the importance of actively integrating artificial intelligence (AI) into the country’s development strategy for sustainable growth. Speaking…
Business Finance Local Macroeconomic Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience March 31, 2025 Ekemini Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the Community Action for Resilience and Economic Stimulus Program. The loan, approved…
Business Local Macroeconomic Headline: Interbank Rate Hits Five-Year High as CBN Tightens Liquidity to Combat Inflation March 31, 2025 Ekemini In January 2025, Nigeria’s interbank lending rate surged to 28.58 percent, marking a five-year high as the Central Bank of Nigeria (CBN) continued its aggressive monetary tightening. The interbank rate,…
Business Local Macroeconomic General Insurance Industry Contributes 14.4% More to Nigeria’s GDP in 2024 March 28, 2025 Ekemini The Nigerian general insurance industry contributed N349.01 billion to the nation’s economy in 2024, marking a 14.4% year-on-year increase from N305.02 billion in 2023. Experts attribute this growth to a…
International Macroeconomic Wall Street Faces Volatility Ahead with Tariff Deadline and Key Jobs Data March 28, 2025 Ekemini U.S. stocks are experiencing a rocky period as the market braces for a critical week ahead, marked by President Donald Trump’s impending tariff decisions and a closely watched employment report.…
International Technology Berlin Considers All Options in Response to U.S. Tariffs, Including Targeting Tech Giants March 28, 2025 Ekemini The German government has stated that “nothing is off the table” regarding potential responses to the threat of U.S. tariffs, signaling that punitive measures may be considered in the near…
Finance International Macroeconomic Wall Street Braces for Trump’s Tariff Announcement Amid Ongoing Uncertainty March 28, 2025 Ekemini Wall Street is anxiously awaiting U.S. President Donald Trump’s tariff policy announcement on April 2, hoping it will provide some clarity to the fog of uncertainty that has plagued financial…
Local Macroeconomic IMF Urges Nigeria to Prioritize Cash Transfers for Vulnerable Households March 28, 2025 Ekemini The International Monetary Fund (IMF) has called on the Nigerian government to expedite the completion of its cash transfer program aimed at supporting vulnerable households. Julie Kozack, Director of the…
International Technology OpenAI Implements Temporary Limits on ChatGPT’s Image Generation Feature Due to High Demand March 28, 2025 Ekemini OpenAI’s new image generation feature in ChatGPT, launched earlier this week, has faced rapid adoption, leading to unexpected server strain. CEO Sam Altman took to social media to share that…
Local Technology Nigeria Accelerates Digital Trade Agenda Under AfCFTA, Seeks Global Partnerships March 28, 2025 Ekemini Nigeria is intensifying its efforts to expand digital trade under the African Continental Free Trade Area (AfCFTA), with a strong call to global partners to support its ambition for increased…
Finance Local Macroeconomic Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened Monetary Policy March 28, 2025 Ekemini Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of Nigeria (CBN) intensified its monetary tightening measures. This rate represents the…
Local Technology Gaps in Broadband and Data Centres Threaten Nigeria’s $1tn Economy Target, Warn Telcos March 28, 2025 Ekemini Nigeria’s ambition to reach a $1 trillion economy by 2031 is at risk due to significant gaps in its digital infrastructure, particularly in broadband connectivity and data centres, telecom executives…
Africa Business Local Technology MTN Ghana Reports 34% Revenue Growth and Announces Dividend Payout for 2024 March 28, 2025 Ekemini MTN Ghana has delivered strong financial results for 2024, showcasing a remarkable 34.5% year-on-year increase in service revenue. This growth was primarily driven by increased mobile data usage, the expansion…
Business Local Macroeconomic Nigeria Calls for Global Unity to Address Urbanization Challenges Amid Global Shifts March 28, 2025 Ekemini Nigeria’s government has called for innovative solutions and enhanced international cooperation to tackle the pressing urban development challenges in light of global shifts. During the opening session of the 2025…
Business International Macroeconomic Politics US Suspends Financial Contributions to WTO Amid Review of Global Commitments March 28, 2025 Ekemini The United States has temporarily halted its financial contributions to the World Trade Organization (WTO) as part of an ongoing review of federal spending under President Donald Trump’s administration. The…
Business Finance Local Nigerian Stock Market Suffers N31bn Loss Amid Mixed Sector Performances March 28, 2025 Ekemini The Nigerian Exchange Limited continued its downward trend on Thursday, with the market capitalisation dipping by N31 billion. The All-Share Index fell by 0.05%, closing at 105,426.12 points, down from…
International Macroeconomic Dollar Faces Volatility as Inflation Data and Tariffs Loom March 28, 2025 Ekemini The U.S. dollar was poised for a steady finish to the week but on track for a quarterly loss, as concerns over tariffs dampen U.S. economic growth prospects. The fear…
Business Finance investment Local Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in Nigeria March 28, 2025 Ekemini At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development sectors emphasized the importance of harnessing local capital to enhance impact investments in Nigeria. The…
Economy Finance International Asia Stocks Fall Amid Rising US Tariffs, Gold Hits Record High March 28, 2025 Ekemini Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears of an escalating trade war loomed following U.S. President Donald Trump’s…
Local Macroeconomic Nigeria’s Infrastructure Deficit Threatens Economic Growth and Stability March 28, 2025 Ekemini Nigeria’s economy is facing significant challenges due to a growing infrastructure deficit that is impeding business operations, hindering productivity, and dampening investor confidence. The country requires an estimated $3 trillion…
Africa Business Economy Local TotalEnergies Achieves GHS 286M Profit in 2024 and Contributes GHS 1.7B in Taxes to Ghana March 28, 2025 Ekemini TotalEnergies Marketing Ghana PLC reported a notable increase in profits for 2024, posting GHS 286.67 million in profit after tax, a significant rise from GHS 167.91 million in 2023. This…
Business Finance Local Macroeconomic Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time March 28, 2025 Ekemini Nigeria’s economic outlook is growing increasingly uncertain as the country experiences its first decline in money supply. The Central Bank of Nigeria (CBN) reported a drop of 0.56% in February…
Business International Technology Intel Announces Major Board Changes as CEO Pushes for Turnaround March 27, 2025 Ekemini Intel Corp. has announced that three of its board members will retire and not seek reelection at the company’s 2025 annual meeting. This move is part of a larger reshuffling…
Finance Local Macroeconomic Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian Government March 27, 2025 Ekemini Increased liquidity in Nigeria’s financial markets has led to a decline in the yields on one-year Treasury bills (T-Bills), easing short-term borrowing costs for the government. At the most recent…
International Technology Google Launches Gemini 2.5, Setting New Benchmark in AI Reasoning Amid Fierce Competition March 27, 2025 Ekemini Google has unveiled Gemini 2.5, its most advanced artificial intelligence model yet, which promises to revolutionize AI performance and reasoning capabilities. The company emphasizes that Gemini 2.5 is the smartest…
Local Macroeconomic Nigerian Banks Turn to Expensive Commercial Papers Amid Liquidity Crisis March 27, 2025 Ekemini In response to mounting liquidity challenges, Nigerian banks are increasingly resorting to expensive short-term commercial papers (CPs) to manage their cash flow. This shift comes as the Central Bank of…
