Trump’s New Tariffs Take Effect, Impacting Global Trade and Nigeria’s Economy Amid…
President Donald Trump’s sweeping new tariffs officially began yesterday, marking the most significant U.S.…
Yearly Archives
2025
FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in…
Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement…
Abuja to Host Over 500 Global Investors at 2025 Business Investment Expo to Boost…
The Abuja Investment Company Limited (AICL) has announced that over 500 high-level participants from 40 countries…
Reforms Drive Nigerian Stock Market Rally as Insurance Sector Leads Gains Amid…
The Nigerian equities market sustained a remarkable 26-day bullish run, adding N479 billion to its total value,…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane;…
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal…
Trump Opens Path for Crypto and Alternative Assets in Retirement Accounts
President Donald Trump has directed U.S. regulators to explore changes that would allow Americans to use…
One-Year T-Bill Yields Edge Up to 19.76% as DMO, Investors Wrestle Over Rates
In a shift from recent trends, the yield on Nigeria’s one-year treasury bills rose to 19.76% at the latest primary…
Asia-Pacific Markets Mostly Rise as Trump Threatens 100% Tariff on Imported Chips
Asia-Pacific stock markets closed mostly higher on Thursday after U.S. President Donald Trump vowed to impose a…
Nigeria’s Banks Attract $7 Billion in ‘Hot Money’ as Foreign Inflows Surge —…
In 2024, Nigeria’s banking sector saw an unprecedented influx of $7 billion from foreign investors, marking the…
NCC Warns Over 1,000 Weekly Fibre Cuts Threatening Nigeria’s Economic Stability…
The Nigerian Communications Commission (NCC) has sounded an alarm over the widespread sabotage of…
Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material…
The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing…
OpenAI Launches GPT-5, Boosts ChatGPT Power for 700 Million Users Worldwide
OpenAI has unveiled its newest artificial intelligence model, GPT-5, marking a significant milestone in the…
Insurance, Consumer Goods Lead NGX Rally as Market Gains N479bn Amid Reform Bill…
The Nigerian Stock Exchange (NGX) witnessed a significant rally on Thursday, August 7, 2025, as the market…
CBN Targets Legal Action Against FX Contract Violators After Forensic Audit
The Central Bank of Nigeria (CBN) has announced its intention to pursue legal action against entities found to…
NGX Nears ₦100 Trillion as 35 Stocks Deliver Up to 500% Gains in 2025
The Nigerian Exchange Limited (NGX) is witnessing an extraordinary bull run in 2025, as 35 listed companies have…
Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud…
Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking…
Tinubu Approves Pension Hike and Free Healthcare for Low-Income Retirees
President Bola Tinubu has directed the immediate implementation of pension increases and free healthcare access…
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term…
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to…
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX…
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified…
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and…
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for…
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a…
Ghana’s Inflation Drops to 12.1% in July 2025, Lowest Since October 2021
Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and…
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy…
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85%…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry…
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive…
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising…
As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence…
OpenAI Partners with AWS, Expanding Cloud Access to Its Models for the First Time
For the first time, OpenAI’s models will be accessible through Amazon Web Services (AWS), marking a significant…
OpenAI Unveils GPT-OSS: Free Open-Weight AI Models for Global Developers
OpenAI has released a new series of artificial intelligence models called GPT-OSS, marking a major shift toward…