US AI Startups Drive a Funding Boom Despite Venture Capital Fundraising Challenges
In the first half of 2025, funding for US startups surged by 75.6%, reaching $162.8 billion — the strongest showing…
Year: 2025
BudgIT Ghana Rolls Out Simplified 2025 Budget to Empower Citizens and Strengthen Accountability
BudgIT Ghana has officially launched its Simplified 2025 Budget Statement, reaffirming its commitment to promoting fiscal transparency and participatory governance.…
Naira Rallies to Four-Month High at ₦1,518/$ Amid Renewed CBN Interventions
The Nigerian naira recorded its strongest performance in four months on Monday, appreciating to ₦1,518/$ on the official market. This…
Banks Bite the Bullet as N156bn Impairment Charges Hit Q1 2025 Earnings
Eight Nigerian banks posted a total of N156bn in impairment charges on credit and financial assets during Q1 2025, reflecting…
Capital Market in Focus as Stockbrokers Strategize for Nigeria’s $1 Trillion Economy Goal
Stockbrokers under the Chartered Institute of Stockbrokers (CIS) are organizing a high-level workshop to explore the capital market’s role in…
Trump’s 30% Tariff on EU Goods Shakes Markets, Fuels Economic Uncertainty
European markets opened lower on Monday after U.S. President Donald Trump unexpectedly announced a 30% tariff on all EU imports,…
NGX Raises ₦4.63 Trillion in H1 2025 as Digital Innovation Drives Market Expansion
The Nigerian Exchange Limited (NGX) facilitated capital raising worth ₦4.63 trillion in the first half of 2025, marking a significant…
Nigeria’s June Inflation Seen Easing Slightly, but Food Prices and Festive Spending Pose Risks
Financial experts anticipate a modest decline in Nigeria’s headline inflation for June 2025, following a rate of 22.97% in May.…
Markets Unmoved by Trump Tariff Threats, but Bond Investors Show Caution
European markets appeared largely indifferent to Donald Trump’s latest threat to impose 30% tariffs on EU and Mexican imports starting…
AI Reshaping PR in Nigeria, But Human Touch Remains Vital – Anietie Udoh
Artificial Intelligence (AI) is increasingly transforming the public relations (PR) industry in Nigeria, according to Anietie Udoh, Divisional Director at…
Macroeconomic Boost, Declining Fixed Income Rates Fuel Nigerian Stock Market Rally
The Nigerian stock market sustained its bullish momentum last week, buoyed by favorable macroeconomic conditions and a continued decline in…
Experts, Labour Back Dangote: Say NNPC Refineries May Never Work Again
Organized labour, petroleum marketers, and energy experts have supported Aliko Dangote’s assertion that Nigeria’s state-owned refineries under the Nigerian National…
Digital assets fraud threatens capital market integrity – SEC DG
The Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised an alarm over the increasing…
BRICS Tariff Threat: MAN Says US Action Could Spur Intra-African Trade, But Warns of Manufacturing Setback
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has weighed in on the United States’ proposed trade tariffs targeting…
Elon Musk Rejects Merger Between Tesla and xAI, Despite Investment Talks
Tesla CEO and tech billionaire Elon Musk has stated he does not support a merger between Tesla Inc. and his…
CBN Ends Capital Restoration Deadline, Banks to Adopt Stricter Lending as Recapitalisation Deepens
As the Central Bank of Nigeria’s (CBN) deadline for the Capital Restoration Plan expires today, banks are bracing for a…
Nigeria Eyes 25% Hike in OPEC Oil Quota by 2027 Amid Refinery Expansion, Says NNPC
Nigeria is preparing to formally request a 25% increase in its oil production quota from the Organisation of Petroleum Exporting…
Ghana’s Treasury Bills Undersubscribed by 39.68% as Yields Edge Higher
Demand for Ghana’s treasury bills weakened sharply in the second week of July 2025, as the government faced a significant…
Bitcoin Breaks $121K Barrier Amid Soaring Institutional Demand and U.S. Policy Shift
Bitcoin has surged to a new all-time high, breaching $121,000 with a 24-hour increase of 1.76%, fueled by a combination…
Nigerian Stock Market Hits 7-Week Rally as Banks Power ASI Past 126,000 Mark
The Nigerian stock market closed the week ended July 11, 2025, on a bullish note as the All-Share Index (ASI)…
Meta Acquires Voice AI Startup Play AI Amid Major Push into Audio and Superintelligence
Meta, the parent company of Facebook and Instagram, has acquired Play AI, a startup known for its work in creating…
Global Markets Dip as Trump Threatens New Tariffs on EU and Mexico
Wall Street and European share futures slipped slightly in early Asian trading on Monday after former U.S. President Donald Trump…
Malaysia Tightens Controls on U.S.-Origin AI Chip Exports with Mandatory Trade Permits
Malaysia’s Ministry of Investment, Trade and Industry has announced that all exports, transshipments, and transit activities involving high-performance artificial intelligence…
Nigeria’s Dollar Inflows Plunge 28%, Raising Alarms Over FX Market Stability
Nigeria’s foreign exchange market saw a significant setback in June 2025, as total dollar inflows dropped to $4.84 billion, a…
FCMB Receives Changemaker Award for Empowering Youth Through Enactus Nigeria Partnership
First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria in recognition of its…
IMBIL Telecom Earns Global ISO Certification, Boosting Nigeria’s ICT Reputation
IMBIL Telecom Solutions Nigeria Ltd has been awarded the prestigious ISO/IEC 27001:2022 certification for Information Security Management Systems (ISMS), highlighting…
Deposit Confidence Soars as Ghana’s Savings and Loans Sector Records 30.6% Asset Growth
Ghana’s savings and loans sector is experiencing a surge in public confidence, highlighted by a significant 39.4% year-on-year rise in…
NGX Gains 0.30% as NGX Group, Champion Breweries, C & I Leasing Lead Market Rally
Nigeria’s equities market recorded a 0.30% rise on Tuesday, July 8, 2025, marking its second consecutive positive trading session for…
Global Stocks Rally on AI Boom and Rate Cut Hopes, Shrug Off Trump’s New Tariff Threats
Global stock markets continued their upward climb on Thursday, fueled by mounting optimism over artificial intelligence (AI) advancements and expectations…
European Telecoms Warn of ‘Re-Monopolisation’ as EU Proposes Softer Fixed Network Rules
A coalition of European telecommunications companies has voiced strong opposition to proposed European Union (EU) changes that would ease regulations…