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…
Yearly Archives
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…
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…
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…
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…
Naira Strengthens Slightly to N1,597/$1 Ahead of MPC Meeting Amid Forex, BDC…
The Nigerian naira appreciated slightly to N1,597 per US dollar at the official market on Monday, showing modest…
JPMorgan Signals Bitcoin Shift as Ukraine, Corporations, and ETFs Drive…
In a significant move for institutional cryptocurrency adoption, JPMorgan Chase CEO Jamie Dimon announced that…
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…
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the…
AI to Boost Farm Yields and Reduce Losses in Nigeria – Experts Highlight Potential…
Artificial Intelligence (AI) has the potential to significantly transform Nigeria’s agricultural sector by…
Tinubu Approves Key Licenses for Kolmani Oil Project to Boost Northern Nigeria’s…
President Bola Tinubu has approved the issuance of crucial regulatory licenses for the Kolmani Integrated…
BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom,…
Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and…
Cornelius Renews Push for Canada-Nigeria Investment Pact Ratification Ahead of…
Pan-African economic strategist and faith leader Cornelius Olajide Babalola has issued a renewed call for the…
Foreign Holdings of U.S. Treasuries Hit Record $9 Trillion in March Amid Rising…
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the…
DAPPMAN Urges Full Access to Dangote Refinery as NNPCL Refineries Struggle to…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members are…
Tech Entrepreneurs Champion Digital Inclusion on Global Accessibility Awareness…
As part of the global observance of Global Accessibility Awareness Day (GAAD), tech entrepreneurs and industry…
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…
Shell Reports 122% Surge in Oil Spills in Nigeria for 2024, Blaming Equipment…
Shell Plc has reported a staggering 122% increase in oil spill incidents in Nigeria in 2024, compared to the…
Microsoft Developer Conference Highlights AI Focus, Strategy Shift with OpenAI and…
Microsoft kicked off its annual software developer conference in Seattle, drawing thousands of developers eager to…
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…
EU Slashes Euro Zone Growth Forecasts Amid U.S. Trade War, Rising Economic…
The European Commission has revised its euro zone economic growth forecast downward, citing the ongoing trade war…
U.S. Credit Downgrade Triggers Market Turmoil: Treasury Yields Rise, Dollar and…
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns…
Afetsi Awoonor Honoured with Millennium Excellence Award for Energy Leadership and…
Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has been…
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,…
Federal Lawsuit Accuses Diageo’s Casamigos and Don Julio Tequilas of…
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…
Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially…
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…
Telcos plan virtual network operators summit
Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host…
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…