‘Dangote’s Investment Of N720bn On CNG Trucks To Save Nigerians N1.7trn’
Dangote Petroleum Refinery has invested over N720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute…
Year: 2025
FinTech Seeks Improved Data Ecosystem For Credit Score Metrics
The Managing Director of Sofri, Mr. Paul Adebayo, has emphasized the urgent need for a more robust and efficient data…
Bullish Momentum Persists in Nigerian Bond Market as Yields Drop to 18.38%
Nigeria’s bond market extended its bullish streak last week as investors continued to show strong demand for government debt securities.…
Nigerian Stock Market Dips by N308bn as Investors Take Profits in Large-Cap Stocks
The Nigerian equity market reversed its recent bullish trend on Thursday, recording a significant loss of N308 billion in market capitalization. This…
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic Growth
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of…
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed Signals
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI…
AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost Trade
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA),…
Nigeria’s Bond Market Booms as Inflation Eases: DMO Auction Sees 603% Oversubscription
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows – AFC Report
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment (FDI) for the continent…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth…
Treasury Yields Dip as Trump Targets Fed Chair Powell Amid Economic and Geopolitical Uncertainty
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome Powell. The declines came after…
Trump-Backed Crypto Firm Plans Stablecoin Audit and New App Amid Token Trade Speculation
World Liberty Financial (WLF), the cryptocurrency platform backed by U.S. President Donald Trump, is planning to release an audit of…
China’s Biren Technology Secures $207 Million, Eyes Hong Kong IPO Amid Chip Race
Biren Technology, a Chinese artificial intelligence (AI) chip startup, has raised 1.5 billion yuan (approximately $207 million) in a new…
Half of Global Companies Pay Ransom as Cyber Threats Surge: Sophos 2025 Report
Nearly 50 percent of global companies opted to pay ransoms in 2025 following ransomware attacks, according to Sophos’ sixth annual…
AI Investment Crucial for Ghana’s Digital Future, Says Mpontu CEO
The CEO of Mpontu Technologies, Stephane Nwolley, has urged the Ghanaian government to prioritize strategic investment in artificial intelligence (AI)…
NGX Soars by N1.18tn as Oando, Banking, and Consumer Stocks Fuel Bullish Momentum
The Nigerian Exchange (NGX) experienced a significant surge on Wednesday, June 26, 2025, with the market capitalisation increasing by N1.18…
Nigerian, Kenyan, Rwandan Startups Lead Google’s Africa AI Accelerator 2025
Google has announced the 15 startups selected for the ninth edition of its Google for Startups Accelerator: Africa, and the…
Meta Wins Copyright Battle Over AI Training; Judge Cites Weak Author Arguments
Meta Platforms has won a significant legal victory in a U.S. federal court after a judge ruled against a group…
Microsoft Faces Lawsuit Over Alleged Use of Pirated Books to Train AI Model Megatron
Microsoft is facing a lawsuit from a group of authors who allege the tech giant used pirated copies of their…
Investors Brace for Summer Market Volatility Amid Geopolitical and Trade Risks
As summer trading volumes typically thin out, global investors are preparing defensively against a potential market downturn similar to August…
SEC Urges Nigerians to Harness Demographic Dividend for Economic Growth and Financial Inclusion by 2030
The Securities and Exchange Commission (SEC) has called on Nigerians to take advantage of the country’s youthful and growing population…
Nigeria’s $5 Billion Startup Dream Faces Setback Amid Economic, Regulatory Pressures
Nigeria’s ambition to raise $5 billion in startup funding by 2027 is looking increasingly unrealistic as investment in the country’s…
Naira Strengthens Below N1,600/$ as U.S. Dollar Hits 3-Year Low Amid Global Economic Shifts
The Nigerian naira gained ground against the U.S. dollar, breaking below the N1,600/$ threshold in the black market. It traded…
Africa Sets Sights on $712 Billion Digital Trade Boom by 2035 with AfCFTA
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African…
U.S. Lawmakers Introduce Bipartisan Bill to Ban Chinese AI Models in Government Agencies
A bipartisan group of U.S. lawmakers has introduced the “No Adversarial AI Act”, a bill aiming to prohibit U.S. executive…
Cardoso Champions ‘African-Led, African-Owned’ Development at Afreximbank Meeting
At the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Central Bank of Nigeria (CBN) Governor Olayemi…
BREAKING: INEC Receives 110 Applications For New Political Parties
The Independent National Electoral Commission (INEC) has announced it has received letters of intent from 110 associations seeking registration as…
Gartner Warns Over 40% of Agentic AI Projects Will Be Abandoned by 2027 Amid High Costs and Hype
More than 40% of current agentic artificial intelligence (AI) projects will be discontinued by the end of 2027, according to…
NGX Surges as Market Capitalisation Gains N764bn Amid Broad-Based Rally
The Nigerian Exchange Limited (NGX) witnessed a robust rally on Tuesday, continuing its bullish momentum as market capitalisation surged by…
DMO Finalises Oversubscribed N100bn Bond Auction to Support 2025 Budget
The Debt Management Office (DMO) of Nigeria is set to finalise and settle a N100 billion bond issuance today, June…