NGX Sheds ₦116bn as Profit-Taking Drags Market Down
The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from major stocks…
Year: 2025
FactCheck Africa Partners Meta’s Language Technology to Fight War Against Misinformation in Africa
In a major step toward combating digital misinformation across Africa, AI-powered fact-checking platform MyAIFactChecker has officially partnered with Meta’s Language…
Nigeria’s Cold Chain Market: A N160bn Goldmine for Investors Battling Post-Harvest Losses
Nigeria’s cold chain sector, valued at N160 billion as of 2023, is revealing massive investment potential as it struggles to…
Investors Shift to Emerging Market Debt as U.S. Treasurys Lose Safe Haven Status Amid Trump Tariffs
Following U.S. President Donald Trump’s announcement of tariffs in early April 2025, there has been a significant shift in investment…
Local and International Capital Providers Key to Nigeria’s Economic Growth, Says NGX CEO
At the 21st Annual AVCA Conference and VC Summit in Lagos, Temi Popoola, the Group Managing Director/CEO of the Nigerian…
Telecom Stakeholders Push for Stronger Legislation and Regulatory Independence in Nigeria’s Telecom Sector
Stakeholders in Nigeria’s telecom sector are calling for stronger legislative measures to safeguard the industry from excessive local interference and…
FCMB Group Posts ₦7.1 Trillion in Assets, Declares Dividend at 12th AGM Amid Strong FY 2024 Performance
At the recently held 12th Annual General Meeting of FCMB Group Plc in Lagos, shareholders endorsed the company’s robust performance…
NNPC Overhauls Leadership: Maryam Idrisu, Obioma Abangwu Appointed Amid Mass Staff Exit
The Nigerian National Petroleum Company (NNPC) Ltd has initiated a significant restructuring of its leadership, appointing Maryam Idrisu as the…
IMF Flags Ghana’s Energy Sector as Top Economic Risk, Urges Reform
The International Monetary Fund (IMF) has strongly backed Ghana’s Finance Minister’s warning that the country’s energy sector represents the biggest…
Naira Shows Resilience Despite Declining Reserves, Backed by CBN Reforms and Investor Confidence
Despite a noticeable decline in Nigeria’s external reserves, the naira has held steady in both official and parallel markets, signaling…
UK’s Manufacturing Africa & TLG Capital Launch $200M Fund to Boost Nigerian Manufacturing Sector
In a move to inject fresh capital into Nigeria’s manufacturing sector, the UK government’s Manufacturing Africa program has partnered with…
Nigerian Breweries Appoints Uzodinma Odenigbo as New Corporate Affairs Director
Nigerian Breweries Plc has announced the appointment of Uzodinma Odenigbo as its new Corporate Affairs Director, effective May 1, 2025.…
FCCPC asks Ibadan Disco to refund customers’ transformer investments
The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to refund customers for…
CBN’s Financial Reforms Stabilise Nigeria’s Economy and Boost Investor Confidence
Since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN) in October 2023, a raft of…
CAFS 2025: How Canada and Africa Are Joining Forces to Drive Fintech Innovation and Inclusive Growth
As fintech reshapes economies around the world, 2025 marks a turning point for deeper collaboration between Canada and Africa. Leading…
DeepSeek AI App Restored in South Korea After Privacy Compliance Updates
Chinese AI service DeepSeek is now back on South Korean app stores after a two-month suspension that followed concerns over…
Nigeria’s Debt Servicing Surges to N696bn in January, Outpaces Revenue by 144%
Nigeria’s fiscal crisis deepened in January 2025 as the Federal Government spent a staggering N696.27bn on debt servicing, an amount…
European Markets End on a High, FTSE 100’s Winning Streak Continues Amid Trade Uncertainty
European stock markets closed higher on Thursday, with most sectors seeing gains despite ongoing concerns about trade uncertainties. The pan-European…
CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs
U.S. consumers are increasingly feeling the economic consequences of President Donald Trump’s tariffs, with price hikes and potential supply shortages…
Emerging Economies Show Greater Trust in AI, Survey Finds
A new global survey from the University of Melbourne and KPMG reveals that people in emerging economies are more trusting…
Stocks Steady, Dollar Firms as U.S. Eases Auto Tariffs Amid Market Jitters
Markets opened Tuesday on a cautious yet slightly positive note after the U.S. announced a softening of auto tariffs, easing…
Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance
The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of April…
Google Opens 2025 Software Engineering Apprenticeship Applications in Paris
Google has officially opened applications for its 2025 Software Engineering Apprenticeship program in Paris, targeting aspiring tech professionals eager to…
Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid Nigeria’s Economic Reforms
Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo…
FG to resume payment of wage award arrears
The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage award arrears to…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection Transparency
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of any…
Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana
Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing…
MTN Ghana Confirms Data Breach Affecting 5,700 Customers, Launches Investigation
MTN Ghana has officially confirmed that approximately 5,700 of its customers may have been affected by a recent data breach…
SEC Pushes for Deeper African Capital Market Integration Through Strategic Cooperation
During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama,…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria’s role in Africa’s cross-border trade by…