International Technology TikTok Pledges Full Cooperation in Nigerian Data Breach Probe March 26, 2025 Ekemini Short video platform TikTok has committed to fully cooperate with the Nigerian Data Protection Commission (NDPC) as the agency investigates the platform for alleged data breaches. The NDPC’s probe was…
Business investment Local Nigeria’s Banking Recapitalisation: A Path to Economic Diversification and Stability March 26, 2025 Ekemini Nigeria’s ongoing banking recapitalization exercise is expected to play a crucial role in shaping the country’s economic future. According to Ayokunle Olubunmi, Head of Financial Institutions Ratings at Agusto &…
Business Local Inflation Eases for Second Consecutive Month in Nigeria, Analysts Cite FX Stability March 26, 2025 Ekemini Analysts have highlighted the role of relative stability in Nigeria’s foreign exchange (FX) market in easing inflationary pressures. The country’s inflation rate declined for the second consecutive month in February,…
Business International investment Technology European Investors Urge AI Companies to Show Quick Returns Amid Rising Pressure March 26, 2025 Ekemini European investors are growing increasingly impatient with AI companies that have spent heavily on generative artificial intelligence without delivering tangible returns. After a market boom fueled by AI hype, these…
International Macroeconomic Stocks Gain, Dollar Drifts as Traders Ponder Trump Tariff Outlook March 26, 2025 Ekemini Asian stock markets followed Wall Street higher on March 26 as traders awaited more clarity on U.S. President Donald Trump’s upcoming trade policies. Investors were somewhat reassured by Trump’s comments…
Business Local Technology Nigeria’s Digital Payments and Financial Inclusion Set to Reach $1.5 Trillion by 2030 – Mastercard Report March 26, 2025 Ekemini The digital payments sector in Nigeria and across Africa is projected to reach $1.5 trillion by the end of the decade, driven by growth in internet access and financial inclusion.…
International Macroeconomic US Economy Faces Potential Stagflation Risks, But Avoiding Severe Economic Strain March 25, 2025 Ekemini Recent projections from the Federal Reserve have raised concerns about the possibility of stagflation, a period characterized by both high inflation and high unemployment. While the risk of a full-blown…
Business Finance Local CBN Governor Cardoso Reaffirms Commitment to FX Stability and Inflation Control March 25, 2025 Ekemini Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the institution’s dedication to stabilizing the foreign exchange market and controlling inflation. During a visit by a Harvard Kennedy School…
International Macroeconomic Hong Kong’s Hang Seng Index Falls 2.35% Amid Trump’s Tariff Threats March 25, 2025 Ekemini In a day of mixed trading across Asia-Pacific markets, Hong Kong’s Hang Seng Index experienced a significant drop of 2.35%, closing at 23,344.25. The Hang Seng Tech Index was hit…
Finance investment Local Nigeria’s Inflation Eases, FirstHoldCo Shines, and Cocoa Prices Surge to Record Highs March 25, 2025 Ekemini Nigeria’s inflation rate has eased to 23.18%, signaling a potential relief for households and businesses as the financial pressure on the economy starts to abate. This dip in inflation offers…
Africa Business Finance Local Ghana’s Finance Minister Assures Capital Market Reopening and Debt Repayment Commitment March 25, 2025 Ekemini Finance Minister, Dr. Cassiel Ato Forson, emphasized the importance of reopening Ghana’s capital markets, highlighting the significant role of pension funds in restoring investor confidence and stabilizing the economy. Forson…
Business Energy Local Technology Nigerian DisCos Face 33% Revenue Shortfall in 2024 Amid Metering Issues and Poor Service March 25, 2025 Ekemini In 2024, Nigeria’s electricity distribution companies (DisCos) experienced a significant 33% revenue shortfall, collecting only N1.699 trillion of the N2.196 trillion billed to customers. This gap highlights ongoing challenges in…
Africa Local Macroeconomic Ghana Intensifies Efforts to Meet IMF Review Deadline, Outlines Economic Reforms March 25, 2025 Ekemini Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has reassured that the government is actively working to meet the International Monetary Fund’s (IMF) review scheduled for April. He highlighted the importance…
Business Local Technology DICE 3.0: Africa’s Premier Tech and Business Networking Event Set for April 2025 March 25, 2025 Ekemini DICE 3.0, the latest edition of the premier digital economy mixer, is set to take place on April 3, 2025. Organized by Beyond Limits, a pan-African organization dedicated to driving…
Business Local NGX Group, CBN, and MinieMoney Empower Nigerian Students with Financial Literacy Skills March 25, 2025 Ekemini In a bid to promote financial inclusion, the Nigerian Exchange Group (NGX Group), the Central Bank of Nigeria (CBN), and MinieMoney have teamed up to equip over 200 students with…
Business International Technology China’s DeepSeek Unveils Advanced AI Model to Challenge OpenAI March 25, 2025 Ekemini Chinese AI startup DeepSeek has launched a significant upgrade to its V3 large language model, DeepSeek-V3-0324, intensifying its competition with major U.S. tech companies like OpenAI and Anthropic. The model…
Finance Local Macroeconomic Nigeria’s Debt Servicing Hits Four-Year High Amid Rising Borrowing and Currency Depreciation March 25, 2025 Ekemini Nigeria’s debt repayment reached a four-year high of $4.65 billion in 2024, marking a 32.9% increase from the previous year. This surge in debt servicing reflects the federal government’s increasing…
Business Local Nigerian Stock Market Opens Week with N369bn Gain, Positive Market Sentiment March 25, 2025 Ekemini The Nigerian stock market began the week on a strong note, posting a N369 billion gain, with the Nigerian Exchange Limited All-Share Index (NGX ASI) rising by 588.43 basis points…
Economy Finance International U.S. Treasury Yields Rise as Hopes of Trade War Easing Boost Investor Confidence March 25, 2025 Ekemini U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump’s stance on trade tariffs may be softening, alleviating fears of an all-out trade war. The benchmark…
Business Economy Local Nigerian Stock Market Faces Fourth Consecutive Week of Losses Amid Uncertainty March 25, 2025 Ekemini The Nigerian stock market continued its downward trend last week, marking its fourth consecutive week of losses. This downturn was largely driven by losses in highly capitalized stocks across various…
Business International Technology OpenAI’s Brad Lightcap Takes on Expanded Role to Drive Global Growth and Partnerships March 25, 2025 Ekemini OpenAI’s Chief Operating Officer, Brad Lightcap, is set to lead the company’s global expansion efforts and corporate partnerships, as announced by CEO Sam Altman. This strategic move comes as OpenAI,…
Africa International Local Technology Ghana Gov’t to Deploy Technology to Combat Illegal Mining and Boost National Revenue March 25, 2025 Ekemini The government of Ghana has announced plans to implement technology-driven measures to address the growing challenge of illegal mining, which has been severely affecting national revenue. The move is part…
Finance Local Macroeconomic Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence March 25, 2025 Ekemini The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%, closing at 105,551.39 points. This gain reversed the losses from…
Business International Macroeconomic China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation March 25, 2025 Ekemini In a significant meeting in Beijing, China’s Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of Blackstone, the world’s largest alternative asset manager. According to a report by…
Business Finance Local Technology Mercurie Launches Naira Payment Solution for Nigerian Businesses March 25, 2025 Ekemini Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies facing challenges in managing international subscriptions, fluctuating foreign currency rates, and complex payment systems.…
Finance investment Local Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns March 25, 2025 Ekemini Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined. These funds, which invest in short-term debt securities such as…
International Technology UK, Nigeria, and Ghana Launch £1.9 Million Initiative to Boost West Africa’s Tech Ecosystem March 24, 2025 Ekemini The UK, Nigeria, and Ghana have launched the Sankore initiative, a £1.9 million program aimed at enhancing science, technology, and innovation (ST&I) in West Africa. The initiative, backed by the…
Business Local Macroeconomic Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity March 24, 2025 Ekemini Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system liquidity, which has recently expanded to a N1.7 trillion deficit. This deficit signals…
Business investment Local Nigerian Equities Market Continues Downward Trend, Investors Lose N532bn in 4th Consecutive Week March 24, 2025 Ekemini The Nigerian equities market has faced a fourth consecutive week of losses, with heightened selling pressure and macroeconomic concerns causing investor sentiment to weaken. The Nigerian Exchange All-Share Index (NGX…
Finance International investment Bitcoin Surges Above $86,000 as Crypto Market Rides Positive Sentiment March 24, 2025 Ekemini Bitcoin and other leading cryptocurrencies experienced notable gains on Monday, driven by strong investor optimism. Bitcoin rose 3.2%, reaching $86,590, while Ethereum gained 2.3%, trading at $2,047. The global cryptocurrency…
