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Year: 2025

Trump’s New Tariffs Take Effect, Impacting Global Trade and Nigeria’s Economy Amid Ongoing Ukraine War Diplomacy
InternationalMacroeconomic

Trump’s New Tariffs Take Effect, Impacting Global Trade and Nigeria’s Economy Amid Ongoing Ukraine War Diplomacy

President Donald Trump’s sweeping new tariffs officially began yesterday, marking the most significant U.S. increase in import taxes since the…

byEkeminiAugust 8, 2025August 8, 2025
FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in July 2025
investmentLocalMarket

FCMB Pensions Limited Tops Nigerian Pension Fund Performance with 5.68% Return in July 2025

Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories despite…

byayotilewaAugust 8, 2025August 8, 2025
Abuja to Host Over 500 Global Investors at 2025 Business Investment Expo to Boost Emerging Markets
BusinessinvestmentLocal

Abuja to Host Over 500 Global Investors at 2025 Business Investment Expo to Boost Emerging Markets

The Abuja Investment Company Limited (AICL) has announced that over 500 high-level participants from 40 countries are expected to attend…

byEkeminiAugust 8, 2025August 8, 2025
Reforms Drive Nigerian Stock Market Rally as Insurance Sector Leads Gains Amid 26-Day Bull Run
BusinessinvestmentLocal

Reforms Drive Nigerian Stock Market Rally as Insurance Sector Leads Gains Amid 26-Day Bull Run

The Nigerian equities market sustained a remarkable 26-day bullish run, adding N479 billion to its total value, fueled notably by…

byEkeminiAugust 8, 2025August 8, 2025
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane; Advocates Airport Concessions Over Renovations
BusinessEnergyLocal

FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane; Advocates Airport Concessions Over Renovations

Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal Government’s handling of state-owned…

byEkeminiAugust 8, 2025August 8, 2025
Trump Opens Path for Crypto and Alternative Assets in Retirement Accounts
BusinessCryptoInternationalinvestment

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 retirement accounts like 401(k)s…

byEkeminiAugust 8, 2025August 8, 2025
One-Year T-Bill Yields Edge Up to 19.76% as DMO, Investors Wrestle Over Rates
BusinessinvestmentLocal

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…

byEkeminiAugust 8, 2025August 8, 2025
Asia-Pacific Markets Mostly Rise as Trump Threatens 100% Tariff on Imported Chips
BusinessInternational

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 100% tariff on…

byEkeminiAugust 8, 2025August 8, 2025
Nigeria’s Banks Attract $7 Billion in ‘Hot Money’ as Foreign Inflows Surge — Experts Warn of Economic Risks
investmentLocalMacroeconomic

Nigeria’s Banks Attract $7 Billion in ‘Hot Money’ as Foreign Inflows Surge — Experts Warn of Economic Risks

In 2024, Nigeria’s banking sector saw an unprecedented influx of $7 billion from foreign investors, marking the highest capital inflow…

byEkeminiAugust 8, 2025August 8, 2025
NCC Warns Over 1,000 Weekly Fibre Cuts Threatening Nigeria’s Economic Stability and National Security
BusinessInternationalTechnology

NCC Warns Over 1,000 Weekly Fibre Cuts Threatening Nigeria’s Economic Stability and National Security

The Nigerian Communications Commission (NCC) has sounded an alarm over the widespread sabotage of telecommunications infrastructure across Nigeria, reporting over…

byEkeminiAugust 8, 2025August 8, 2025
Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material Exports
LocalMacroeconomicTrade

Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material Exports

The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing the country’s heavy reliance…

byEkeminiAugust 8, 2025August 8, 2025
OpenAI Launches GPT-5, Boosts ChatGPT Power for 700 Million Users Worldwide
BusinessInternationalTechnology

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 evolution of its ChatGPT platform.…

byEkeminiAugust 8, 2025August 8, 2025
Insurance, Consumer Goods Lead NGX Rally as Market Gains N479bn Amid Reform Bill Boost
BusinessinvestmentLocal

Insurance, Consumer Goods Lead NGX Rally as Market Gains N479bn Amid Reform Bill Boost

The Nigerian Stock Exchange (NGX) witnessed a significant rally on Thursday, August 7, 2025, as the market capitalization rose by…

byEkeminiAugust 8, 2025August 8, 2025
CBN Targets Legal Action Against FX Contract Violators After Forensic Audit
BusinessLocal

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 have violated…

byEkeminiAugust 8, 2025August 8, 2025
NGX Nears ₦100 Trillion as 35 Stocks Deliver Up to 500% Gains in 2025
BusinessinvestmentLocal

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 posted returns…

byEkeminiAugust 7, 2025August 7, 2025
Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud and AI Boom
BusinessLocalTechnology

Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud and AI Boom

Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking what will become the largest data centre in…

byEkeminiAugust 7, 2025August 7, 2025
Tinubu Approves Pension Hike and Free Healthcare for Low-Income Retirees
LocalMacroeconomicPolitics

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 for low-income retirees under the…

byEkeminiAugust 7, 2025August 7, 2025
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term ‘Hot Money’ Opportunities
BusinessinvestmentLocal

Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term ‘Hot Money’ Opportunities

Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million…

byEkeminiAugust 7, 2025August 7, 2025
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX Market Reforms
BusinessLocal

CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX Market Reforms

The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified forward foreign exchange (FX)…

byEkeminiAugust 7, 2025August 7, 2025
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
BusinessLocalTechnology

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 skyrocketing mobile internet…

byEkeminiAugust 7, 2025August 7, 2025
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar
BusinessInternationalMacroeconomic

Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar

Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the…

byEkeminiAugust 7, 2025August 7, 2025
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms
BusinessLocalMacroeconomic

Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms

Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half…

byEkeminiAugust 7, 2025August 7, 2025
Ghana’s Inflation Drops to 12.1% in July 2025, Lowest Since October 2021
LocalMacroeconomic

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 hitting the…

byEkeminiAugust 7, 2025August 8, 2025
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
BusinessinvestmentLocalStock

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 boosting the All-Share Index (ASI) by…

byEkeminiAugust 7, 2025August 7, 2025
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty
BusinessinvestmentLocalMacroeconomic

Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty

Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to…

byEkeminiAugust 7, 2025August 7, 2025
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry Pushes for Energy Reform
BusinessEnergyLocal

Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry Pushes for Energy Reform

Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output recorded so far…

byEkeminiAugust 6, 2025August 6, 2025
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive Industrialisation
BusinessEnergyinvestmentLocal

Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive Industrialisation

Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…

byEkeminiAugust 6, 2025August 6, 2025
HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising Digital Threats
BusinessLocalTechnology

HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising Digital Threats

As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence (AI)-powered cybersecurity tools to…

byEkeminiAugust 6, 2025August 6, 2025
OpenAI Partners with AWS, Expanding Cloud Access to Its Models for the First Time
InternationalTechnology

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 shift in cloud…

byEkeminiAugust 6, 2025August 6, 2025
OpenAI Unveils GPT-OSS: Free Open-Weight AI Models for Global Developers
InternationalTechnology

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 openness in AI…

byEkeminiAugust 6, 2025August 6, 2025

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