Dollar Faces Continued Weakness as Global Confidence in U.S. Assets Wanes
The U.S. dollar is facing mounting pressure as investors increasingly perceive it as overvalued, despite recent declines. Weakened faith in…
Year: 2025
FX Market Turnover Rises to $1.76bn Amid Sharp Decline in Derivatives Activity
The Nigerian foreign exchange (FX) market recorded a slight uptick in trading activity last week, with total turnover across the…
Nigeria Eyes $1 Trillion Economy Through Capital Market Reforms and Innovation
The Federal Government of Nigeria has reiterated its ambition to achieve a $1 trillion economy by leveraging private sector innovation…
U.S. Treasury Yields Decline After Fed Signals Limited Rate Cut in 2025
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it anticipates only a…
Nigeria’s exit from FATF grey list will increase investor confidence, says SEC
Nigeria’s anticipated removal from the Financial Action Task Force (FATF) grey list is expected to significantly enhance investor confidence and…
Naira Strengthens Slightly to N1,597/$1 Ahead of MPC Meeting Amid Forex, BDC Sector Tensions
The Nigerian naira appreciated slightly to N1,597 per US dollar at the official market on Monday, showing modest improvement from…
JPMorgan Signals Bitcoin Shift as Ukraine, Corporations, and ETFs Drive Institutional Surge
In a significant move for institutional cryptocurrency adoption, JPMorgan Chase CEO Jamie Dimon announced that while the bank will not…
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Nigeria’s SEC Launches New Digital Platform to Boost Market Transparency and Investor Confidence
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the redesigned website of…
AI to Boost Farm Yields and Reduce Losses in Nigeria – Experts Highlight Potential of Multimodal Technology
Artificial Intelligence (AI) has the potential to significantly transform Nigeria’s agricultural sector by increasing crop yields and minimizing losses, according…
Tinubu Approves Key Licenses for Kolmani Oil Project to Boost Northern Nigeria’s Energy Sector
President Bola Tinubu has approved the issuance of crucial regulatory licenses for the Kolmani Integrated Development Project, a major oil…
BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom, computes N14 billion as settlement
Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and Sagecom Concepts Limited. The…
Cornelius Renews Push for Canada-Nigeria Investment Pact Ratification Ahead of 2025 Fintech Summit
Pan-African economic strategist and faith leader Cornelius Olajide Babalola has issued a renewed call for the final ratification of the…
Foreign Holdings of U.S. Treasuries Hit Record $9 Trillion in March Amid Rising Global Demand
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the U.S. Treasury…
DAPPMAN Urges Full Access to Dangote Refinery as NNPCL Refineries Struggle to Produce Petrol
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members are currently unable to source…
Tech Entrepreneurs Champion Digital Inclusion on Global Accessibility Awareness Day
As part of the global observance of Global Accessibility Awareness Day (GAAD), tech entrepreneurs and industry leaders have reaffirmed their…
Naira Shows Marginal Gains as Exchange Rate Gap Widens, Inflation Eases Slightly
The Nigerian naira ended the week with a slight appreciation against the U.S. dollar, closing at ₦1,599.01/$1 in the official…
Shell Reports 122% Surge in Oil Spills in Nigeria for 2024, Blaming Equipment Failures and Crude Theft
Shell Plc has reported a staggering 122% increase in oil spill incidents in Nigeria in 2024, compared to the previous…
Microsoft Developer Conference Highlights AI Focus, Strategy Shift with OpenAI and Cloud Investments
Microsoft kicked off its annual software developer conference in Seattle, drawing thousands of developers eager to capitalize on the company’s…
FX Market on Edge as BDCs Scramble to Meet CBN’s Recapitalisation Deadline
The Nigerian foreign exchange market is witnessing growing tension as Bureau De Change (BDC) operators rush to meet the Central…
EU Slashes Euro Zone Growth Forecasts Amid U.S. Trade War, Rising Economic Uncertainty
The European Commission has revised its euro zone economic growth forecast downward, citing the ongoing trade war initiated by the…
U.S. Credit Downgrade Triggers Market Turmoil: Treasury Yields Rise, Dollar and Stocks Slip
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns over surging deficits and unchecked…
Afetsi Awoonor Honoured with Millennium Excellence Award for Energy Leadership and Social Impact-Ghana
Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has been awarded the prestigious Millennium…
Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus
Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as…
Kaduna Targets Foreign Investment to Tackle Illegal Mining and Drive Green Growth
Kaduna State is actively seeking foreign investment to transform its solid minerals sector, combat illegal mining, and generate jobs. At…
Federal Lawsuit Accuses Diageo’s Casamigos and Don Julio Tequilas of Adulteration with Cane Spirit
A class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York, accusing…
Dyna.Ai Launches in Nigeria to Revolutionize Financial Services with AI Innovations
Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially launched its operations in Nigeria with a high-profile event…
Nigeria Signals Readiness to Boost Trade and Investment Ties with U.S., Says Envoy
Nigeria has reaffirmed its readiness to strengthen trade and investment ties with the United States, according to Ambassador Abubakar Jidda,…
Telcos plan virtual network operators summit
Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host MVNO Nigeria 2025: Unlocking…
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in 2024, primarily…