Naira Strengthens to ₦1,537/$ on Black Market, FX Gap Narrows to ₦7
The Nigerian naira appreciated further in the parallel (black) market on Wednesday, strengthening to ₦1,537 per US dollar. This marks…
Year: 2025
Fitch Expects BoG to Hold Policy Rate at 28% Amid Easing Inflation, Eyes Potential Cuts by September-GHANA
Fitch Solutions anticipates that the Bank of Ghana (BoG) will maintain its benchmark policy rate at 28% during an emergency…
CBN Injects $4.1bn to Stabilise Naira Amid Reserves Decline, Analysts Warn of Sustainability Risks
In the first half of 2025, the Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange market,…
Dangote Warns Africa Is Becoming Dumping Ground for Substandard Fuel
Aliko Dangote, President of Dangote Industries Limited, has expressed grave concern over Africa’s increasing reliance on imported petroleum products, warning…
Meta Lures Two More OpenAI Scientists as AGI Talent War Escalates
Meta has intensified its aggressive AI talent acquisition strategy by securing two more top researchers from OpenAI, Jason Wei and…
AI Coding Tools Shift to the Terminal: The Rise of Agentic Development in Software Engineering
AI-powered coding tools are undergoing a significant transition — moving away from traditional integrated development environments (IDEs) like Cursor, Windsurf,…
UK Eases Trade Rules to Boost Nigerian Exports, Strengthen Africa-UK Relations
In a major move to foster economic collaboration with African nations, the United Kingdom has introduced far-reaching trade reforms aimed…
Renault Shake-Up, European Stocks Drop Amid U.S. Inflation and Trade Tensions
French carmaker Renault has appointed Duncan Minto as interim CEO following the unexpected resignation of Luca de Meo last month.…
Nigerian Stock Market Hits N127tr Capitalisation as Reforms, Investor Confidence Fuel Growth
The Nigerian capital market achieved a significant milestone in the first half of 2025, with total market capitalisation rising by…
Meta Deletes 10 Million Fake Profiles to Boost Authenticity Across Platforms
In a significant crackdown on inauthentic behavior, Meta, the parent company of Facebook, Instagram, and Threads, announced it removed over…
European Stocks Waver as U.S. Inflation and Tariff Concerns Rattle Markets
European stock markets opened mixed on Wednesday as investors digested fresh U.S. inflation data and braced for additional reports that…
Australian AI Startup Greenroom Robotics Secures AUKUS Exemption to Expand Autonomous Naval Tech
An Australian artificial intelligence startup, Greenroom Robotics, has received a landmark AUKUS exemption licence from the Australian government, marking a…
Dangote Disputes Nigeria’s Petrol Consumption Figures, Cites Corruption in Subsidy Era
A major dispute has emerged between Nigeria’s top industrialist Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority…
Global Banks Under Fire for $385 Billion Coal Financing as Environmental Alarm Grows
A new report by German nonprofit Urgewald reveals that global banks have provided over $385 billion in financing to the…
IMF Urges Ghana to Reform Bank Resolution Laws After Court Blocks Central Bank Actions
The International Monetary Fund (IMF) has expressed serious concerns over recent court decisions in Ghana that reversed actions by the…
Naira Hits 4-Month High at N1,518/$ as CBN Interventions and Oil Output Boost Confidence
The Nigerian naira rallied to its strongest level since March, closing at N1,518 per dollar on the official foreign exchange…
Nigerian Stock Market Opens Week Bullish, Hits N80 Trillion Market Cap
The Nigerian equities market kicked off the new trading week on a strong positive note, with the overall market capitalisation…
London and Lagos Forge Global Tech Alliance to Drive Innovation and Investment
In a landmark move to strengthen technological innovation and cross-border collaboration, the Lagos State Government and the City of London…
Google Signs $3 Billion Hydropower Deal with Brookfield in Landmark Clean Energy Push
In a groundbreaking move for clean energy adoption, Google has entered a $3 billion agreement with Brookfield Asset Management to…
Tariff Pressures Rattle Markets as U.S. Inflation Data Clouds Fed Rate Outlook
U.S. consumer price data released on Tuesday showed signs that tariff-related inflation is starting to take hold, sending Wall Street’s…
Asian Markets Dip as Dollar Rises on Diminished Fed Rate Cut Hopes Amid Inflation Fears
Asian stock markets faced pressure on Wednesday following signs of rising U.S. inflation linked to fresh tariffs, which weakened expectations…
Nigerian Outsourcing Sector Embraces AI for Global Competitiveness
The Nigerian outsourcing industry is undergoing a significant transformation with the integration of artificial intelligence (AI) to improve service delivery…
Finance Minister Defends Tinubu’s Economic Reforms as Tough but Essential for Recovery
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has come out in strong defense of President…
Crypto Crackdown or Come-Up? New Nigerian Regulations Could Make or Break Industry Players
Nigeria’s newly updated Investment and Securities Act (ISA) of 2025 officially recognizes cryptocurrencies and other virtual assets as securities, marking…
Nigerians Endure Soaring Telecom Costs, Poor Service Amid $1 Billion Network Overhaul
Telecommunications subscribers across Nigeria are expressing growing frustration over deteriorating network quality, even as mobile operators prepare to inject $1…
Traders Maintain Bets on September Fed Rate Cut Despite June Inflation Rise
Traders are holding steady on their expectations that the Federal Reserve will begin cutting short-term interest rates by September, even…
SEC Warns Nigerians Against Fraudulent Firm Forsman & Bodenforms
The Securities and Exchange Commission (SEC) has issued a public warning about Forsman & Bodenforms Limited, stating that the company…
NACC Teams Up with Tech Summit to Boost Nigeria’s Digital Governance
The Nigerian American Chamber of Commerce (NACC) has partnered with the Nigeria eGovernment Summit 2025 to promote digital transformation in…
FCMB Empowers Over 3,000 Nigerians with Cash Prizes in Ongoing Millionaire Promo
First City Monument Bank (FCMB) has rewarded a total of 3,016 customers in the 10th season of its highly popular…
Tougher Global Immigration Rules Jeopardize Nigeria’s $1bn Diaspora Remittance Ambition
The Central Bank of Nigeria (CBN) is facing mounting challenges in its push to secure $1 billion in monthly diaspora…