Meta Superintelligence Labs Poaches Elite AI Talent in Silicon Valley Hiring Blitz
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed…
Yearly Archives
2025
U.S. Treasury Yields Dip as Trump Ramps Up Tariff Tensions with 14 Nations
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as…
Telecom Analyst Urges Unified RoW Charges, Local Equipment Production to Boost…
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among…
T-Bill Undersubscriptions Expected to Continue as Investors Seek Higher Yields –…
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023,…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist…
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy…
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade…
NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability…
Australia Holds Interest Rate Steady at 3.85% Amid Inflation Uncertainty
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on…
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary…
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal…
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff…
China Warns Trump Against Tariff Hikes, Threatens Retaliation on Supply Chain…
In a sharp warning to former U.S. President Donald Trump, China on Tuesday cautioned against reigniting trade…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank,…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange…
Trump Slaps Nigeria With 10% Tariff Over BRICS Ties Amid Growing Global Trade…
U.S. President Donald Trump has announced a 10% tariff on Nigeria in response to the country's recent alignment…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March…
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional…
Ghana Secures $370M IMF Boost After Fourth Review Approval
Ghana has received a significant financial boost as the International Monetary Fund (IMF) approved the country's…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor…
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds…
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as…
Nigeria’s Fintech Crisis: Over $200 Million Lost as Startup Failures Surge
Nigeria’s fintech sector, once hailed as a beacon of innovation and investment in Africa, is witnessing an…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and…
Global Markets Stay Resilient Despite Trump’s Looming Tariff Hike
Global financial markets have shown surprising calm ahead of U.S. President Donald Trump’s Wednesday tariff…