Economy investment Local Nigeria and EU Discuss €1.3 Billion Investment, Economic Reforms to Boost Growth March 27, 2025 Ekemini The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU) Ambassador to Nigeria, Gautier Mignot, in Abuja on Wednesday to discuss a…
Agriculture Local Technology Experts Call for Financing, Technology, and Mechanization to Boost Nigeria’s Agriculture March 27, 2025 Ekemini At the BusinessDay Future of Agriculture Conference in Lagos, experts addressed the challenges hindering Nigeria’s agricultural sector, with a particular focus on the need for enhanced financing, modern technology, and…
Business Finance International Bank of America Sees 80% Surge in Mortgage Applications in Q1 March 27, 2025 Ekemini Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025, driven by an increase in available home inventory and a decline in…
Economy Local Technology Senate Investigates Rising Data Costs and Pushes for Mandatory Citizen Registration March 27, 2025 Ekemini The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by telecommunications providers. This decision follows a motion by Senator Asuquo Ekpenyong of…
Local Technology Surge in Attacks on Telecom Infrastructure Raises Doubts Over Nigeria’s Protection Policy March 27, 2025 Ekemini Telecom infrastructure in Nigeria is under increasing threat, with rising incidents of fibre cuts, equipment thefts, and vandalism casting doubt on the effectiveness of the country’s Critical National Information Infrastructure…
Finance Local Macroeconomic Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market March 27, 2025 Ekemini The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US dollar. A Bureau de Change operator in Wuse Zone 4,…
International Macroeconomic Trump’s Trade War: Rising Risks for Nigeria and Other Economies Amid Tariffs March 27, 2025 Ekemini US President Donald Trump’s new tariffs targeting Mexico, Canada, and China are stirring concerns about global economic fallout, with particular risks for Nigeria and other African nations. The trade war,…
International Macroeconomic Asia-Pacific Markets See Mixed Trading Amid Wall Street Decline Following Trump’s Auto Tariffs March 27, 2025 Ekemini Asia-Pacific stock markets experienced mixed results on Thursday, as investors reacted to U.S. President Donald Trump’s announcement of a 25% tariff on automobile imports. Japan’s Nikkei 225 fell 0.6%, while…
International Technology Trump Proposes Tariff Reduction to Finalize TikTok Deal with China March 27, 2025 Ekemini U.S. President Donald Trump has expressed willingness to reduce tariffs on China in exchange for a deal regarding the sale of TikTok’s parent company ByteDance. This offer comes as ByteDance…
Finance International Macroeconomic US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data March 27, 2025 Ekemini The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely monitored potential tariffs set to be announced by President Donald Trump next…
Local Macroeconomic Nigeria Must Invest $15 Million Annually to Boost Statistical Performance, Says World Bank March 27, 2025 Ekemini The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to enhance its national statistical system, aligning its performance with countries like Brazil, South Africa,…
Business Local Technology mediaReachOMD Launches AI-Driven OCI 2.0 to Revolutionize Consumer Insights March 27, 2025 Ekemini In celebration of its 25th anniversary, mediaReachOMD has unveiled OCI 2.0, the latest evolution of its proprietary consumer intelligence platform. OCI has long been a vital tool in understanding consumer…
Business International Market Trump Threatens Larger Tariffs on Canada, EU Over Economic Harm to U.S. March 27, 2025 Ekemini U.S. President Donald Trump has warned that he could impose significantly higher tariffs on Canada and the European Union (EU) if they collaborate in causing economic harm to the United…
Business International Market Global Stocks Drop as Trump Announces New Auto Tariffs, China Defies the Trend March 27, 2025 Ekemini Global stock markets took a hit on Thursday following U.S. President Donald Trump’s announcement of new 25% tariffs on automotive imports, which negatively impacted major Asian markets. Japan’s Nikkei index…
Business Local Technology Nigeria’s Broadband Penetration Reaches 45.61% Despite Decline in Telecom GDP Contribution March 27, 2025 Ekemini Nigeria’s broadband penetration has shown consistent growth, reaching 45.61% as of January 2025, with a total subscription of 98.8 million users. The latest statistics from the Nigerian Communications Commission (NCC)…
Business Finance Local NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend March 27, 2025 Ekemini The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of trading on Wednesday, March 26, 2025. The All-Share Index dropped by 0.1%,…
Business Local Macroeconomic CBN’s Strategic Forex Reforms Boost Naira Stability Amid Economic Recovery March 27, 2025 Ekemini Nigeria’s Central Bank (CBN) has made significant strides to stabilize the naira by enhancing the country’s foreign exchange reserves and implementing critical reforms. Since President Bola Tinubu took office in…
Business investment Local Technology Nigerian Startups Dominate West African Funding, Cornering 80% of Investments March 26, 2025 Ekemini Nigeria remains the undisputed leader in West Africa’s startup ecosystem, securing a dominant 80% of the region’s total $5.8 billion in funding since 2019. This translates to about $4.6 billion,…
International Technology MTN Group and Airtel Africa Partner to Share Network Infrastructure in Nigeria and Uganda March 26, 2025 Ekemini MTN Group and Airtel Africa have officially entered into agreements to share network infrastructure in Uganda and Nigeria. The partnership, announced on March 26, 2025, aims to enhance digital and…
International Technology China Leads Global Chipmaking Investment in 2025 Despite Decline, SEMI Report Shows March 26, 2025 Ekemini China is set to continue its dominance in global chipmaking investment in 2025, despite experiencing a notable decline compared to previous years, according to a report from industry group SEMI.…
Finance investment Local Analysts Predict Drop in T-Bill Yields as Liquidity Improves Ahead of CBN Auction March 26, 2025 Ekemini As Nigeria prepares for its Treasury Bill (T-Bill) auction on Wednesday, analysts expect a decline in yields due to improving liquidity conditions, which are easing pressure on short-term borrowing costs.…
International Technology U.S. Blacklists Over 50 Chinese Tech Firms to Curb China’s AI and Chip Advancements March 26, 2025 Ekemini The U.S. Department of Commerce has added over 50 Chinese companies to its export blacklist in an effort to prevent China from advancing its artificial intelligence (AI) and supercomputing technologies.…
Business Local Macroeconomic Stakeholders to Address Nigeria’s Declining Consumer Purchasing Power at 2025 Industry Summit March 26, 2025 Ekemini The 2025 Industry Summit & Awards is set to tackle the critical issue of declining consumer purchasing power in Nigeria’s fast-moving consumer goods (FMCG) sector. The summit, scheduled for May…
Business Economy Local Dangote Refinery Faces Backlash Over Dollar Sales, Expands Exports and Boosts Local Industry March 26, 2025 Ekemini Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have strongly opposed the decision of the Dangote Petroleum Refinery to sell refined petroleum…
International Macroeconomic Wall Street Bonuses Surge 32% in 2024, Reaching Record Highs Amid Economic Uncertainty March 26, 2025 Ekemini Wall Street bankers saw their bonuses rise by 31.5% in 2024, bringing the average payout to $244,700, according to New York State Comptroller Thomas DiNapoli. This boost was fueled by…
Africa Business Economy Local Ghana’s Government to Settle $1.1 Billion Debt to ENI Amid Energy Sector Struggles March 26, 2025 Ekemini The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding debts for gas supply. These payments will cover monthly invoices,…
Local Macroeconomic CBN Intensifies Efforts to Combat Forex Speculation Amid Naira’s Minor Decline March 26, 2025 Ekemini The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to maintaining stability in the country’s foreign exchange (FX) market. He emphasized that the…
Finance International U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market Shifts March 26, 2025 Ekemini The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off of Nigerian Eurobonds, as foreign investors pulled back from riskier assets. Analysts…
Business International Technology OpenAI Unveils GPT-4o-Powered Image Generation Directly in ChatGPT March 26, 2025 Ekemini OpenAI has integrated a powerful new image generation tool into ChatGPT, leveraging its advanced GPT-4o model. This feature allows users to create images directly within the chatbot, marking a significant…
Africa Local Macroeconomic Ghana Loses $1.2 Billion in Gold Revenue Due to Illegal Smuggling in 2022, Minister Reveals March 26, 2025 Ekemini In 2022, Ghana lost an estimated $1.2 billion in gold revenue due to widespread illegal smuggling, according to Finance Minister Dr. Cassiel Ato Forson. The illicit trade, involving the outflow…
