U.S. Treasury Yields Inch Up Amid Israel-Iran Tensions and Oil Price Surge
U.S. Treasury yields nudged higher on Monday as global markets remained jittery over the intensifying conflict between Israel and Iran.…
Year: 2025
SEC Pushes for Recovery of N242bn in Unclaimed Dividends Amid Rising Backlog
The Securities and Exchange Commission (SEC) of Nigeria has revealed that unclaimed dividends in the nation’s capital market have ballooned…
Global Trade Rattled as Israel-Iran Conflict Drives Oil Prices and Inflation Surge
The renewed hostilities between Israel and Iran have ignited fresh concerns across global energy markets, with oil prices climbing to…
Meta Appoints Arun Srinivas as India Head Amid Regulatory Scrutiny
Meta Platforms has named Arun Srinivas as its new Managing Director and Head for India, with the appointment taking effect…
Asia Stocks Steady Amid Oil Price Surge and Geopolitical Tensions
Asian stock markets showed resilience on Monday despite heightened geopolitical uncertainty driven by ongoing tensions between Israel and Iran. Investors…
Government Falls Short in T-Bill Auction by GHS393m as Yields Slide
The latest Treasury bill auction conducted by the Bank of Ghana ended in a shortfall, with the government falling GHS393…
CBN Halts Dividends for Banks Under Forbearance to Strengthen Capital Base
The Central Bank of Nigeria (CBN) has ordered banks operating under regulatory forbearance to suspend the payment of dividends, defer…
DevSecFlow Launches AI-Powered Cybersecurity Platform to Fortify Nigeria’s Fintech Sector
DevSecFlow, a cybersecurity firm, has launched an advanced security operations platform called SECOYA, aimed at providing intelligent and scalable cyber…
Inflation Data and Treasury Auctions to Test Bond Market Resilience Amid Growing Deficit Worries
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and…
Afreximbank Projects $44 Billion in Trade Deals at IATF 2025 in Bold Push for Intra-African Growth
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements at the upcoming Intra-African Trade…
Sophos Supercharges Firewall Security with AI-Powered Threat Detection and Enhanced VPN Support
Sophos, a global cybersecurity leader, has released an advanced update to its Sophos Firewall software, introducing AI-driven threat detection capabilities…
Nigeria’s Telecom Sector Bleeds $350 Million Annually on Diesel Amid Power Crisis – AFC Report
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure, according to the Africa Finance Corporation’s…
AfCFTA Chief Challenges Intra-Africa Trade Figures, Rallies Business Support for IATF 2025
Wamkele Mene, the Secretary-General of the African Continental Free Trade Area (AfCFTA), has cast doubt on widely cited statistics that…
Government Orders 10–15% Data Bundle Boost by July 1 to Improve Accessibility-Ghana
In a major policy move aimed at improving internet accessibility across Ghana, the government has directed all major mobile network…
Recapitalization Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31
Following the expiration of the June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators, a majority of players…
France’s Mistral Launches Europe’s First AI Reasoning Model in Bid to Rival U.S. and China
French AI startup Mistral has unveiled Europe’s first AI reasoning model, marking a significant step in the continent’s race to…
Crypto Exchange Bullish Quietly Files for U.S. IPO Amid Renewed Market Optimism
Peter Thiel-backed cryptocurrency exchange Bullish has reportedly filed confidentially for an initial public offering (IPO) in the United States, according…
Dollar Holds Steady as U.S.-China Trade Truce Offers Limited Certainty
The U.S. dollar and Chinese yuan remained largely unchanged following trade talks in London, where U.S. and Chinese officials reached…
Markets Wary Despite US-China Trade Framework as Investors Await Concrete Details
Global markets responded cautiously on Wednesday to the announcement that the United States and China had agreed on a trade…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply Concerns
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered significant setbacks, primarily…
Profit-Taking Drags Nigerian Stock Market Down by N377.9bn After Sallah Break
The Nigerian stock market opened on a bearish note after the Sallah holiday, suffering a major setback as investors embarked…
FX Inflows Surge 62% in May to $5.96bn as Investor Confidence Rebounds
Nigeria’s foreign exchange (FX) market experienced a significant revival in May 2025, as total inflows rose sharply by 62% month-on-month…
EU Lauds Kano as Strategic Hub for Investment and Development in Nigeria
The European Union (EU) has acknowledged Kano State as a promising destination for investment and entrepreneurship, with potential spanning sectors…
National Assembly Eyes Extension of 2024 Capital Budget, Pushes June 12 as National Address Day
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal budget to ensure…
Meta and Nigerian Government Launch AI Accelerator to Drive Local Innovation
Meta, in collaboration with Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE), has launched the Llama Impact Accelerator…
Global Outage Hits OpenAI’s ChatGPT, Users Worldwide Left Disconnected
OpenAI’s ChatGPT, one of the world’s most popular AI-powered chatbots, experienced a significant global outage on Tuesday, June 10, 2025.…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act 2020
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars, instructing them to…
Global Economy Slows to Weakest Pace Since 2008, Warns World Bank
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to increasing trade…
Nigeria and Saudi Aramco’s $5bn Oil-Backed Loan Stalls Amid Crude Price Drop
Nigeria and Saudi Aramco are facing major hurdles in finalizing a landmark $5 billion oil-backed loan, as falling global crude…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over Sovereign Debt Risk
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a negative outlook to the…