Foreign trade payment rises to $267.96m – CBN
Nigeria’s foreign trade payments through Letters of Credit (LCs) increased by 3.68 percent year-on-year to $267.96…
Yearly Archives
2025
Trump Postpones EU Tariffs, Markets Rally as Trade Talks Resume
U.S. President Donald Trump has delayed the imposition of threatened 50% tariffs on European Union imports until…
BoG Mandates Banks to Hold Reserves in Original Deposit Currencies from June_Ghana
Starting June 5, 2025, commercial banks in Ghana will be required to maintain their cash reserves in the same…
NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance
The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3…
Tinubu at Two: Energy Sector Grapples with Persistent Challenges Amid Modest…
As President Bola Tinubu’s administration marks its two-year anniversary, Nigeria’s energy sector remains deeply…
AGI Expects Policy Rate Cut as Economic Conditions Improve
The Association of Ghana Industries (AGI) is anticipating a reduction in Ghana's policy rate, ahead of the Bank of…
Nigeria Commits $1 Billion to Transform Telecom Infrastructure by Q3 2025
Nigeria is embarking on a significant overhaul of its telecommunications sector, with a $1 billion investment in…
CBN Holds Interest Rate to Curb Inflation, Spur Growth Amid Fragile Economic Gains
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the benchmark…
CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains
In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion,…
Lagos State to Launch AI Guidelines, Advocate Ethical Investment in $20 Trillion…
The Lagos State government has announced plans to release its first set of Artificial Intelligence (AI)…
BREAKING: Otedola Invests N320bn in First Bank, Cites Tinubu and Cardoso’s…
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion…
U.S. Markets Waver as Trump’s Tax Bill Raises Debt Fears
U.S. stock futures held steady Thursday morning after a sharp market decline the day before, as concerns over…
Manufacturers, LCCI Clash Over CBN’s 27.5% Interest Rate Policy
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 percent since…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by…
CBN Unveils Draft Standards for Automated AML/CFT Systems to Strengthen Financial…
In a major step toward enhancing Nigeria’s financial security, the Central Bank of Nigeria (CBN) has released a…
UK 3.5% inflation surge deepens financial pressure on Nigerians abroad
Nigerians living in the United Kingdom are facing renewed financial challenges following a sharp rise in UK…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group,…
JPMorgan’s Jamie Dimon Warns of Rising U.S. Stagflation Risks Amid Economic…
JPMorgan Chase CEO Jamie Dimon has cautioned that the U.S. economy could face the risk of stagflation, a troubling…
OpenAI Acquires Jony Ive’s AI Device Startup in $6.5 Billion Deal to Launch…
OpenAI has announced the acquisition of io Products, a hardware startup founded by former Apple design chief Jony…
BoG Overhauls Monetary Policy to Spur Growth and Control Inflation-GHANA
The Bank of Ghana (BoG) has initiated a major review of its monetary policy framework, aiming to adopt more…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost…
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March,…
Bitcoin Hits Record High Amid Improving Market Sentiment and Institutional Support
Bitcoin soared to an all-time high on Wednesday, surpassing January’s peak as investor confidence rebounded after…
Nigerian Stock Market Sheds N70 Billion Amid Sell Pressure in 27 Stocks
The Nigerian stock market experienced a downturn on Wednesday, with market capitalisation dropping by N70 billion.…
Nigeria’s Low GDP Per Capita Hinders Prosperity, Urgent Growth Needed — World Bank
Nigeria's economic output per person remains critically low, placing the country 146th out of 191 globally,…
Nigeria’s Debt Service Soars 49% Amid Mounting Fiscal Pressures
Nigeria’s debt service payments surged by 49.2% year-on-year in the first four months of 2025, reaching $2.01…
Naira Strengthens Across Markets, Hits N1,615/$ in Parallel Market
The Nigerian naira appreciated on Wednesday in both the parallel and official foreign exchange markets. In the…
NGX Loses N70bn as Market Reverses Gains Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a…
Africa’s Digital Surge Sparks Urgent Demand for AI and Cybersecurity Talent – SAP…
A new SAP report has revealed that Africa’s fast-growing digital economy is fueling an unprecedented demand for…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre,…