NGX Market Cap Drops to N65.8tn Amid Weak Investor Sentiment
The Nigerian Exchange (NGX) saw a decline in market capitalisation, dropping to N65.8 trillion as the All-Share Index fell by…
Year: 2025
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS Microsoft License
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts within Abuja, with a significant…
EU Commission Accuses Google of Violating Digital Markets Act Over Search and Play Store Practices
The European Commission has issued preliminary findings accusing Alphabet Inc. of breaching the Digital Markets Act (DMA) in its Google…
Sanwo-Olu Advocates for Stronger Market Connectivity to Promote Sustainable Economic Growth
Lagos State Governor Babajide Sanwo-Olu has reaffirmed his commitment to enhancing market connectivity between producers and consumers, aiming to foster…
European Markets Mixed as Central Bank Decisions Loom; Hapag-Lloyd Faces Geopolitical Strains
European stock markets showed mixed performance on Thursday, with investors focusing on key central bank decisions, including those from the…
Digital Asset Management: Transforming Registrars’ Role in the Future of Investor Services
Investor services are undergoing a major transformation, driven by rising shareholder expectations and regulatory pressures. Traditional methods of record-keeping and…
Tinubu Appoints Board for Nigerian Power Operator
President Bola Tinubu has appointed the board members for the newly established Nigerian Independent System Operator (NISO) to help improve…
Deloitte: Ghana’s 4% GDP Growth Target for 2025 Feasible but Faces Key Risks
Deloitte has affirmed that Ghana’s 4% GDP growth target for 2025 is achievable, especially following the 5.7% growth recorded in…
Rwanda’s Economy Expands 8.9% in 2024, Driven by Strong Agricultural and Industrial Sectors
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2% increase. This robust performance was…
Ghana’s Top 10 SOEs Report GHC11bn Loss in 2023
In 2023, Ghana’s 10 largest State-Owned Enterprises (SOEs) by asset base reported a combined net loss of GHC11 billion, according…
Nigerian Breweries Completes 100% Acquisition of Distell Wines and Spirits Nigeria
Nigerian Breweries Plc has finalized the acquisition of the remaining 20% stake in Distell Wines and Spirits Nigeria Limited (DWSN),…
Dangote Refinery Halts Naira-Based Petrol Sales Amid Currency Mismatch
Dangote Petroleum Refinery has announced a temporary suspension of its petroleum product sales in Naira. This decision stems from a…
OADC to Build $240M Hyperscale Data Centre in Lagos, Boosting Africa’s Digital Infrastructure
Open Access Data Centres (OADC), a subsidiary of WIOCC, has announced a significant investment of $240 million to build a…
Ghana’s Telecom Sector Struggles with Poor Reception and Slow Internet
A recent report by CUTS International, a consumer advocacy group, has raised alarm over ongoing challenges in Ghana’s telecommunications sector.…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
Microsoft to Launch Three Data Centres in Malaysia by Mid-2025
Microsoft has announced plans to launch its first cloud region in Malaysia, with three data centres set to go live…
Fed’s Dot Plot Eases Investor Concerns, U.S. Markets Surge as Interest Rate Cuts Loom
The U.S. Federal Reserve’s decision to keep interest rates steady and maintain a forecast of two rate cuts in 2025…
GSM Maintains Dominance as Active Data Internet Subscribers in Nigeria Reach 142 Million
As of January 2025, Nigeria’s active data internet subscribers reached 142.16 million, according to the Nigerian Communications Commission (NCC). The…
GIADEC Seeks Global Partnerships to Boost Ghana’s Integrated Aluminium Industry
The Ghana Integrated Aluminium Development Corporation (GIADEC) is actively seeking partnerships with global investors to support its vision of developing…
Naira Gains Slightly to 1530.52/$ Amid Stability Efforts and Structural Reforms
The Nigerian naira showed a marginal appreciation of 0.16% on Wednesday, closing at 1530.52/$ compared to the previous day’s rate…
Nigeria’s Telecom Sector Faces Declining Revenue as Currency Depreciation Hits ARPU“““““““““`
Nigeria’s telecommunications market has seen a significant downturn, with the average revenue per user (ARPU) falling by 38.79% in 2024.…
Stock Futures Climb Ahead of Fed’s Rate Decision Amid Market Volatility
Stock futures saw a slight increase on Wednesday as investors awaited the Federal Reserve’s interest rate decision, set for release…
CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s financial services sector,…
Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper
In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the Economy, Seth Terkper, emphasized…
Insurance Brokers Eye Opportunities in $490B AfCFTA Market Amid Regulatory Concerns
As Nigeria joins 54 other African nations in advancing a single trade area under the African Continental Free Trade Area…
Finance Minister Pledges Support for Private Sector Growth in Meeting with Dangote
The Federal Government has reaffirmed its commitment to fostering a business-friendly environment to stimulate private-sector investments and boost economic growth…
Nigeria’s Crypto Future: Stronger Regulations to Boost Investment, Says FlashChange CEO
The Chief Executive Officer of FlashChange, Bidemi Oke, discussed the growing role of cryptocurrencies in Nigeria’s financial landscape, emphasizing that…
Big Tech’s Data Center Surge Sparks New Risks for U.S. Power Grid
The rapid expansion of data centers in the U.S., particularly in regions like Data Center Alley near Washington D.C., is…
Fed Holds Interest Rates Steady as Economic Projections Reflect Uncertainty Amid Trump’s Policies
The Federal Reserve is expected to maintain its policy interest rates in the 4.25%-4.50% range, while releasing new economic projections.…
Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira Weakens
Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of the total inflow into…