Nigeria and EU Discuss €1.3 Billion Investment, Economic Reforms to Boost Growth
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU) Ambassador to…
Year: 2025
Experts Call for Financing, Technology, and Mechanization to Boost Nigeria’s Agriculture
At the BusinessDay Future of Agriculture Conference in Lagos, experts addressed the challenges hindering Nigeria’s agricultural sector, with a particular…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025, driven by…
Senate Investigates Rising Data Costs and Pushes for Mandatory Citizen Registration
The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by telecommunications providers.…
Surge in Attacks on Telecom Infrastructure Raises Doubts Over Nigeria’s Protection Policy
Telecom infrastructure in Nigeria is under increasing threat, with rising incidents of fibre cuts, equipment thefts, and vandalism casting doubt…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US…
Trump’s Trade War: Rising Risks for Nigeria and Other Economies Amid Tariffs
US President Donald Trump’s new tariffs targeting Mexico, Canada, and China are stirring concerns about global economic fallout, with particular…
Asia-Pacific Markets See Mixed Trading Amid Wall Street Decline Following Trump’s Auto Tariffs
Asia-Pacific stock markets experienced mixed results on Thursday, as investors reacted to U.S. President Donald Trump’s announcement of a 25%…
Trump Proposes Tariff Reduction to Finalize TikTok Deal with China
U.S. President Donald Trump has expressed willingness to reduce tariffs on China in exchange for a deal regarding the sale…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely monitored potential…
Nigeria Must Invest $15 Million Annually to Boost Statistical Performance, Says World Bank
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to enhance its national statistical…
mediaReachOMD Launches AI-Driven OCI 2.0 to Revolutionize Consumer Insights
In celebration of its 25th anniversary, mediaReachOMD has unveiled OCI 2.0, the latest evolution of its proprietary consumer intelligence platform.…
Trump Threatens Larger Tariffs on Canada, EU Over Economic Harm to U.S.
U.S. President Donald Trump has warned that he could impose significantly higher tariffs on Canada and the European Union (EU)…
Global Stocks Drop as Trump Announces New Auto Tariffs, China Defies the Trend
Global stock markets took a hit on Thursday following U.S. President Donald Trump’s announcement of new 25% tariffs on automotive…
Nigeria’s Broadband Penetration Reaches 45.61% Despite Decline in Telecom GDP Contribution
Nigeria’s broadband penetration has shown consistent growth, reaching 45.61% as of January 2025, with a total subscription of 98.8 million…
NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend
The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of trading on…
CBN’s Strategic Forex Reforms Boost Naira Stability Amid Economic Recovery
Nigeria’s Central Bank (CBN) has made significant strides to stabilize the naira by enhancing the country’s foreign exchange reserves and…
Nigerian Startups Dominate West African Funding, Cornering 80% of Investments
Nigeria remains the undisputed leader in West Africa’s startup ecosystem, securing a dominant 80% of the region’s total $5.8 billion…
MTN Group and Airtel Africa Partner to Share Network Infrastructure in Nigeria and Uganda
MTN Group and Airtel Africa have officially entered into agreements to share network infrastructure in Uganda and Nigeria. The partnership,…
China Leads Global Chipmaking Investment in 2025 Despite Decline, SEMI Report Shows
China is set to continue its dominance in global chipmaking investment in 2025, despite experiencing a notable decline compared to…
Analysts Predict Drop in T-Bill Yields as Liquidity Improves Ahead of CBN Auction
As Nigeria prepares for its Treasury Bill (T-Bill) auction on Wednesday, analysts expect a decline in yields due to improving…
U.S. Blacklists Over 50 Chinese Tech Firms to Curb China’s AI and Chip Advancements
The U.S. Department of Commerce has added over 50 Chinese companies to its export blacklist in an effort to prevent…
Stakeholders to Address Nigeria’s Declining Consumer Purchasing Power at 2025 Industry Summit
The 2025 Industry Summit & Awards is set to tackle the critical issue of declining consumer purchasing power in Nigeria’s…
Dangote Refinery Faces Backlash Over Dollar Sales, Expands Exports and Boosts Local Industry
Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have strongly opposed the…
Wall Street Bonuses Surge 32% in 2024, Reaching Record Highs Amid Economic Uncertainty
Wall Street bankers saw their bonuses rise by 31.5% in 2024, bringing the average payout to $244,700, according to New…
Ghana’s Government to Settle $1.1 Billion Debt to ENI Amid Energy Sector Struggles
The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding…
CBN Intensifies Efforts to Combat Forex Speculation Amid Naira’s Minor Decline
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to maintaining stability in…
U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market Shifts
The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off of Nigerian…
OpenAI Unveils GPT-4o-Powered Image Generation Directly in ChatGPT
OpenAI has integrated a powerful new image generation tool into ChatGPT, leveraging its advanced GPT-4o model. This feature allows users…
Ghana Loses $1.2 Billion in Gold Revenue Due to Illegal Smuggling in 2022, Minister Reveals
In 2022, Ghana lost an estimated $1.2 billion in gold revenue due to widespread illegal smuggling, according to Finance Minister…