Business investment Local SEC to intensify monitoring of capital market operators – Agama January 28, 2025 Ekemini The Securities and Exchange Commission (SEC) has reaffirmed its commitment to stricter monitoring of capital market operators to ensure compliance with regulations and boost investor confidence. Speaking at an event…
Business Local Technology LCCI Urges Telecom Operators, Regulator to Improve Service Quality Amid Tariff Hike January 28, 2025 Ekemini The Lagos Chamber of Commerce and Industry (LCCI) has urged telecom operators and regulators to enhance service quality, especially as concerns grow over recent tariff increases. LCCI Director-General, Dr. Chinyere…
Business Finance Local Technology USSD debt: NCC, telcos rule out deadline extension for banks January 28, 2025 Ekemini The Nigerian Communications Commission (NCC) and telecommunications companies have refused to extend the deadline for banks to clear their Unstructured Supplementary Service Data (USSD) debts. As of Friday, seven banks…
Business investment Local Macroeconomic Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence January 28, 2025 Ekemini The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by 0.79% to close at 104,418.95 points. This surge resulted in…
Business International Tinubu Arrives Dar Es Salaam to Attend African Leaders Energy Summit January 27, 2025 Ekemini President Bola Tinubu arrived in Dar es Salaam, Tanzania, on Sunday to participate in the Mission 300 Africa Energy Summit, which starts on January 27, 2025. He was welcomed by…
Business Economy Finance Local CFG Report: Banks Charge High Lending Rates to Compensate for High Regulatory Reserve Requirements, Levies, Taxes January 27, 2025 Ekemini A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of holding large regulatory reserves mandated by the Central Bank of Nigeria…
Business Finance Local Tax: UBA Hosts Knowledge Series for SMEs, Business Owners January 27, 2025 Ekemini United Bank for Africa (UBA) Plc is organizing a special Knowledge Series webinar to educate Small and Medium Enterprises (SMEs) on the recently implemented 2024 Withholding Tax Regulations by the…
Finance International Technology Asia equities slide with US stock futures on China’s AI push; dollar firms January 27, 2025 Ekemini Asian stock markets and U.S. futures fell on January 27 as investors reacted to the launch of DeepSeek, a Chinese startup’s rival to ChatGPT, raising concerns about U.S. tech dominance…
Economy investment Local FG Unveils 2025 Outlook for Economic Diversification and Prosperity January 27, 2025 Ekemini The Nigerian government, led by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, is prioritizing economic diversification to enhance prosperity by 2025. The Ministry has launched a new chapter…
Business Finance Local SEC Warns Against Investing in Risevest and Stecs Cooperative Societies January 27, 2025 Ekemini The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against engaging with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society.…
Business International Macroeconomic Inflation, poverty rate dip Nigeria-China trade to $20b in 2024 January 27, 2025 Ekemini In 2024, trade volume between Nigeria and China fell to approximately $20 billion, a decline from the $22.6 billion recorded in 2023. The drop of 11.5% is attributed to inflation…
Business Finance Local PenCom releases additional N22bn for pension’s settlement January 27, 2025 Ekemini The National Pension Commission (PenCom) announced that the Office of the Accountant General of the Federation (OAGF) has released an additional N22 billion to pay pensions for retirees under the…
Business Local Technology Telcos await NCC guidelines on 50% tariff hike January 27, 2025 Ekemini Telecommunications operators in Nigeria are awaiting guidelines from the Nigerian Communications Commission (NCC) to implement a controversial 50% tariff hike. The NCC is set to release a “determination document,” which…
Business Economy International Asian stocks drop after Trump’s huge tariff threats January 27, 2025 Ekemini Asian stock markets fell on Monday following Donald Trump’s announcement of steep tariffs on Colombian goods in response to the country’s refusal to accept U.S. deportation flights. The move, which…
International Technology CERT-In issues urgent security alert over vulnerabilities in Google Chrome January 27, 2025 Ekemini The Indian Computer Emergency Response Team (CERT-In) has issued an advisory for users of the Google Chrome browser on Windows PC, Macs, and Linux devices, highlighting security flaws within the…
International Technology OpenAI to face Indian news firms of Ambani, Adani in copyright battle, documents show January 27, 2025 Ekemini Indian digital news outlets, including those owned by billionaires Mukesh Ambani and Gautam Adani, have filed a lawsuit against OpenAI for allegedly scraping copyrighted content from their websites. The lawsuit,…
Finance International Macroeconomic Emerging market investors eye frontier assets shielded from Trump’s tariff threats January 27, 2025 Ekemini Amid growing global uncertainties, including rising U.S. tariffs and geopolitical tensions, investors are increasingly looking toward frontier markets, which are less affected by U.S. policy shifts. These markets, primarily in…
Business International Macroeconomic Trump policies may weigh on foreign inflows, naira stability January 27, 2025 Ekemini Analysts warn that President Donald Trump’s economic policies, including a strong dollar and increased oil production, could destabilize Nigeria’s currency and foreign investments. Trump’s plans to ramp up U.S. energy…
Business Finance International Trump: Nigeria, other emerging markets at risk of capital flight –JP Morgan January 27, 2025 Ekemini JP Morgan has warned that emerging markets, including Nigeria, face significant capital outflows due to global financial conditions and policies like former U.S. President Donald Trump’s “America First” agenda. The…
Business investment Local MTN, Transcorp Power Drive Stock Market Gains January 27, 2025 Ekemini The Nigerian stock market ended the week on a strong note, largely driven by increased demand for MTN Nigeria shares after the NCC approved a 50% tariff hike for telecom…
Business Local Macroeconomic Forex spending on foreign education, health defy naira depreciation January 27, 2025 Ekemini Despite the sharp depreciation of the naira, Nigerians increased their spending on foreign education and healthcare by 26% in the first nine months of 2024, reaching $2.3 billion. This surge,…
Business Finance Local Equity market gains N794bn in one week January 27, 2025 Ekemini The Nigerian equity market experienced significant growth last week, with the All-Share Index rising by 1.22% to 103,598.30 points and market capitalization increasing by N794bn to N63.645tn. Investors traded 3.132bn…
Business Economy Local Technology Telecom regulators hail Nigeria’s spectrum management initiatives January 27, 2025 Ekemini Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a model for regional growth and innovation. This recognition came during a high-level meeting in…
Business Finance investment Local Inflation rebasing drives N2.49trn T-bills oversubscription, expectations of rate cut January 23, 2025 Ekemini Nigeria’s one-year Treasury bill auction was oversubscribed by N2.49 trillion as investors rushed to lock in current yields ahead of a potential rate cut following the rebasing of inflation. The…
Business Finance International UK borrowing jumps in December as debt interest climbs January 22, 2025 Ekemini In December 2024, the UK government reported a larger-than-expected budget deficit of 17.8 billion pounds, significantly higher than the forecasted 14.1 billion pounds. This increase in borrowing was driven by…
Business International investment Technology Trump unveils multi billion dollar investment to fund AI infrastructure January 22, 2025 Ekemini President Donald Trump announced a groundbreaking partnership with major tech companies, including OpenAI, Oracle, and Softbank, to establish a joint venture called Stargate. The initiative will invest up to $500…
Business International Technology Tech titans top the world’s most valuable brands league in 2025 January 22, 2025 Ekemini Tech giants continued their dominance in global brand value rankings, with Apple, Microsoft, and Google taking the top spots. According to Brand Finance’s Global 500 report, the world’s top 500…
Banking Business Finance Local Stanbic IBTC Allocates 27% of Rights Issue Proceeds to Support SMEs and Commercial Banking January 22, 2025 Ekemini Stanbic IBTC Holdings Plc has unveiled plans to invest 27% of the N148.71 billion raised from its ongoing rights issue into small and medium-sized enterprises (SMEs) and commercial banking. The…
Business International Technology Indonesia Set to Lift iPhone 16 Ban After Deal with Apple January 22, 2025 Ekemini Indonesia is reportedly close to reaching a deal with Apple to lift the ban on iPhone 16 sales in the country, according to investment minister Rosan Roeslani. The agreement revolves…
Business Finance International investment Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports January 22, 2025 Ekemini Blackstone is preparing to sell its stake in Hotel Investment Partners (HIP), a Spanish-based hotel management company valued at 6.5 billion euros ($6.77 billion), according to a report by Cinco…
