Enugu Unveils Bold Mining Reforms to Protect Lives and Empower Host Communities
In a major move to overhaul the mining sector, the Enugu State Government has launched new regulations aimed at formalizing…
Year: 2025
CBN Spends N315 Billion on Currency Management Amid Cash Crisis in 2024
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising from N77.67…
Dollar Dips Amid Taiwan Currency Surge and Global Revaluation Buzz
The U.S. dollar weakened on Monday following a dramatic surge in the Taiwan dollar, which jumped over 7% in just…
Tariff Turbulence: How Trump’s Trade Moves Are Slowing the Global Economy
President Donald Trump’s tariff policies are beginning to drag significantly on the global economy, disrupting decades of relatively free and…
CBN’s 2024 Turnaround: A Cautious Yet Promising Step Toward Economic Stability
In a decisive break from its turbulent past, the Central Bank of Nigeria (CBN) has posted its 2024 financial results,…
Tinubu Moves to Avert Power Sector Collapse with N4trn GenCo Debt Plan
President Bola Tinubu is taking urgent steps to prevent a potential collapse of Nigeria’s power sector by addressing the staggering…
Nigeria to Meta: Exiting Won’t Erase Violations or Deter Accountability
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has firmly responded to Meta’s warning about potentially pulling Facebook and Instagram…
Trade Tensions Shake Oil Market, Pressure Naira as Economic Worries Deepen
Global oil markets faced renewed turbulence in April as heightened trade tensions—particularly between the United States and China—sparked a sharp…
Markets Rebound as Hopes Rise for U.S.-China Trade Talks Amid Global Economic Concerns
Global stock markets rebounded strongly on Friday following signs that the United States and China may return to the negotiating…
Nigeria eGovernment Summit 2025 to Spotlight PPPs as Catalyst for Digital Governance
The 2025 edition of the Nigeria eGovernment Summit is gearing up to advance digital governance through the strategic use of…
Nigeria Emerges as Africa’s Fastest-Growing Web3 Developer Hub
Nigeria has become Africa’s fastest-growing Web3 developer hub, contributing 4% of all new global Web3 developers, the highest in the…
Petrol Landing Cost Surpasses Dangote Refinery Price, Fuel Importers Struggle with Profit Margins
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre, surpassing…
AfDB Approves $650 Million Annual Commitment for Nigeria’s Economic Growth
The African Development Bank (AfDB) has officially approved a new Country Strategy Paper (CSP) for Nigeria, covering the period from…
SEC Flags TOFRO as Suspected Ponzi Scheme, Warns Nigerians Against Investment
The Securities and Exchange Commission (SEC) has issued a public warning regarding TOFRO.COM (Tofro), an online cryptocurrency trading platform, labeling…
Dangote Rides Tariff Wave, Doubles Down on Urea Exports to U.S.
Aliko Dangote, President of Dangote Industries Limited, has signaled confidence in the face of new U.S. tariffs, announcing plans to…
Mahama Vows Ghana Will Complete IMF Programme On Time Without Extension
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility programme with the International…
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global Economic Headwinds
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary…
FG Launches E-Invoicing Committee to Combat Tax Evasion and Boost Revenue
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to oversee the deployment of a new digital…
NGX Group Returns to Profit Growth as Income and Cost Efficiency Improve
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of…
CBEX Reboots Amid Fraud Probes and Regulatory Warnings, Lures Fresh Investors with New Promises
Despite a federal investigation and a reported N1.2 trillion loss impacting over 600,000 Nigerians, Crypto Bridge Exchange (CBEX) has resumed…
Dangote leads industry peers with 60% gross profit margin
In the first quarter of 2025, Dangote Cement emerged as the leading cement manufacturer in Nigeria, achieving a remarkable 60…
Nigeria Moves to Update Telecom Law to Match AI, 5G, and Digital Economy Realities
Nigeria is finally taking concrete steps to bring its telecommunications laws up to speed with today’s tech-driven world. The Nigerian…
Dollar based financing no longer sustainable for startups
At the 21st Annual Africa Venture Capital Association (AVCA) Conference, West African venture capitalists emphasized that dollar-based financing is no…
World Bank: Global commodity prices to drop to six-year low by 2026
The World Bank has sounded the alarm over falling global commodity prices, forecasting a steep 12% decline in 2025 followed…
Stockpiling ahead of tariffs likely hurt US economy in the first quarter
The U.S. economy likely came to a near standstill, or even slipped into contraction, during the first quarter of 2025,…
Investors Flee Wall Street Turmoil, Seek Safety in Emerging Markets and Niche Assets
Investor confidence in Wall Street has sharply declined following a series of disruptive U.S. policy announcements, prompting a widespread capital…
Trump Officials Consider Major Changes to Biden’s AI Chip Export Rules
The Trump administration is reportedly considering changes to a Biden-era rule that limits global access to advanced AI chips, with…
Intel Gains Interest in Test Chips for Advanced 18A Process Amid Foundry Revamp Plans
Intel’s foundry unit has recently garnered attention from several of its contract manufacturing customers who are interested in building test…
Edo State Investment Forum Targets Global Investors for Economic Growth
Edo State is taking significant strides towards economic growth as it seeks to attract investors through the recently concluded Edo…
Nigerian Telcos Commit Over $1 Billion to Chinese Network Gear in Major Infrastructure Push
Telecommunication operators in Nigeria have placed orders exceeding $1 billion for network equipment from Chinese manufacturers, marking a significant investment…