Nigeria’s Foreign Investment Jumps 67% to $5.6bn in Q1 2025
Nigeria experienced a significant boost in foreign capital inflows in the first quarter (Q1) of 2025, with total capital importation…
Year: 2025
European Pharma Stocks Slide Amid Trump Tariff Threats and Bayer’s Legal Woes
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs of up to 250%…
Nigeria’s Capital Importation Surges 67% to $5.64 Billion in Q1 2025
Capital importation into Nigeria surged by 67.12% year-on-year in the first quarter of 2025, reaching $5.642 billion compared to $3.376…
BUA Cement Leads Market Rally as NSE Capitalisation Soars by N458 Billion
The Nigerian equities market continued its bullish momentum on Tuesday, August 6, 2025, driven by strong investor interest in BUA…
COPEC Opposes Proposed 20% Transport Fare Hike, Cites Stable Fuel Prices
The Chamber of Petroleum Consumers (COPEC) has firmly rejected reports of a proposed 20% increase in public transport fares set…
BoG Slashes Policy Rate by 300bps to Spur Cheaper Lending and Boost Economic Recovery-Ghana
The Bank of Ghana (BoG) has implemented a historic monetary policy shift by cutting its benchmark policy rate by 300…
Tinubu Signs Landmark Insurance Reform Act to Drive $1 Trillion Economy Vision
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, marking a significant milestone…
Telcos Pump N824.7bn into Network Expansion Amid Subscriber Outrage over Poor Service
Nigeria’s leading telecom operators, MTN and Airtel, have collectively invested over N824.7 billion in network infrastructure and expansion in the first half…
Naira Holds Firm Despite Dip in FX Inflows: Analysts Cite Strong Reserve Build-Up, Investor Sentiment
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according to market data and…
Nigeria’s Banking Sector Attracts $3.1bn as Capital Inflows Surge, Manufacturing Slumps
Capital importation into Nigeria jumped to $5.64 billion in the first quarter of 2025, marking a 67.12% increase from the…
Cedi Surge Sparks 50% Drop in Remittances, BoG Governor Reveals-Ghana
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the recent sharp appreciation of the Ghanaian…
OpenAI Targets $500 Billion Valuation in Employee Share Sale Amid Soaring Growth
OpenAI, the developer behind ChatGPT, is reportedly exploring a new stock sale that could value the company at an astonishing…
Asian Markets Edge Higher Amid U.S. Tariff Tensions and Fed Rate Cut Expectations
Asian stock indexes made modest gains on Wednesday, with Japan and Australia outperforming regional peers. Investors appeared to shrug off…
Suitroh Partners with Banks to Launch X-Inventory, Boost SME Financing and Supply Chain Efficiency
Suitroh Nigeria Limited, a fintech-driven logistics company, has unveiled a new digital trade platform called X-Inventory, aimed at improving supply…
Nigeria’s New Tax Reforms Aim to Boost Tech Sector but Raise Compliance Concerns
President Bola Tinubu’s recent endorsement of comprehensive tax reforms signals a significant shift in Nigeria’s economic direction, particularly for the…
Nigeria Becomes 4th Most Expensive Country to Borrow in Africa as Interest Rates Soar
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by Nairametrics…
FCMB Group Reports N79.3bn Half-Year Profit in 2025, Driven by Strong Digital Growth and Higher Interest Income
FCMB Group Plc has reported a profit before tax of N79.3 billion for the first half of 2025, marking a 23% year-on-year increase,…
Investor Caution Slashes July FX Inflows by 21% Amid Global, Local Uncertainty
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) fell by 20.9% in July 2025 to $3.83 billion, down…
Nigeria’s Economic Growth Slows in July 2025 as Manufacturing Suffers Historic Decline
Nigeria’s economic growth lost significant momentum in July 2025, with the manufacturing sector experiencing its steepest contraction on record. This…
Banks’ Deposits with CBN Surge 783% to ₦79.8 Trillion Amid Excess Liquidity and Tight Interbank Market
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the first seven…
Ghana’s T-Bill Auction Oversubscribed by 42% as Investors Rush to Lock in Yields
Ghana’s latest Treasury bill (T-bill) auction has recorded a significant oversubscription, with investor demand surpassing the government’s target by 42.07%.…
Debt Discipline Vital to End Ghana’s IMF Dependency – Experts Warn
Ghana must embrace sustainable debt management to escape its recurring dependence on the International Monetary Fund (IMF) bailouts, according to…
SEC Flags $2.1bn in Suspicious Crypto Deals Across West Africa
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, has raised alarms over a staggering $2.1 billion worth…
Swiss Stocks Tumble as U.S. Tariff Shock Triggers Economic Fears
Swiss markets opened the week on a negative note as the announcement of new U.S. tariffs sparked a sell-off in…
Inside OpenAI’s Race for the Ultimate AI Agent: Reasoning Models, Reinforcement Learning & the Future of Automation
OpenAI’s quest for general-purpose AI agents began quietly with an internal team called MathGen. Their focus was improving mathematical reasoning…
CBN’s FX Code Sparks Naira Rally, Market Stability, and Investor Confidence
Six months after the Central Bank of Nigeria (CBN) launched the Nigerian Foreign Exchange Code (FX Code), the country is…
IMF Upgrades Nigeria’s 2025 Growth Forecast Amid Easing Inflation, Currency Stability
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for Nigeria upward, projecting a 3.4% expansion—higher than…
Forex Inflows Drop 20.9% in July Despite Market Optimism, Naira Shows Modest Gains
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined sharply by 20.9% in July 2025, marking the second…
Nigeria’s Business Confidence Climbs for Sixth Month in 2025; Manufacturing Sector Drives Economic Recovery
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience…
Trump Hits India with Steep Tariffs as New Delhi Holds Firm on Trade Deal
U.S. President Donald Trump announced 25% tariffs on imports from India alongside an unspecified penalty, aiming to pressure New Delhi…