Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the…
Author: Ekemini
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective July 1, 2025. Notably,…
Dangote Refinery Slashes Petrol Price to N840 Amid Global Oil Drop, Plans Nationwide Distribution
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40 drop…
SEC Urges AI Surveillance to Future-Proof Nigeria’s Capital Market
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called for the adoption of Artificial Intelligence…
Nigerian Crude Falls Below $70 as Global Oil Market Faces Oversupply Fears
Crude oil prices for Nigeria’s main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a barrel, returning…
Nigeria’s Money Supply Contracts Again Amid Monetary Tightening
Nigeria’s broad money supply (M3) experienced a second monthly decline in 2025, falling by N292.75 billion or 0.25% to N119.01…
OpenAI Denies Plans to Use Google’s AI Chips at Scale Amid Industry Speculation
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following reports…
Smartcomply Launches Partner Programme to Strengthen Africa’s Cybersecurity Ecosystem
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply Partner Programme aimed at building a…
Elon Musk’s xAI Secures $10 Billion in Debt and Equity Funding to Boost AI Expansion
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing alongside a separate $5 billion strategic…
Iran-Israel Conflict Poses New Threats and Opportunities for Nigeria’s Fragile Economy
The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects reaching even distant economies like…
FG Spends N611.7bn in March on Domestic Dollar Bond Repayment – DMO
The Federal Government of Nigeria spent N611.71 billion in March 2025 to service its first-ever domestic US dollar-denominated bond, according…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax Scheme Rollout
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Investors Gain N5.49 Trillion in June as Consumer Goods, Insurance, and Banking Stocks Lead Market Rally
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in market value. The rally was…
Nigeria Records $3.73bn Current Account Surplus in Q1 2025, Driven by Non-Oil Export Growth
Nigeria posted a current account surplus of $3.73 billion in Q1 2025, according to the Central Bank of Nigeria (CBN),…
Bitget Launches Institutional Crypto Services to Empower Nigeria’s Fintech Industry
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in Nigeria aimed at…
Nigeria’s External Reserves Drop $3.5bn in Six Months Despite Naira Stability
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883 billion at the…
Nigerian Stock Market Closes June with N11bn Loss Amid Profit-Taking and Mixed Sentiment
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion…
216 Chinese Investors Target Nigeria’s Key Sectors After Landmark Nigeria-China Summit
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in Lagos, over 216…
World Bank Approves $65m Additional Loan to Boost Nigeria’s Procurement Reform
The World Bank has approved an additional $65 million credit facility for Nigeria, bringing total funding under the Sustainable Procurement,…
US-Africa Business Summit Generates $2.5 Billion in Trade Deals, Strengthening Economic Ties
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new legislation passed by the National Assembly…
Ultra App Launches in Nigeria, Ushering in a New Era of Seamless Financial Payments
Nigeria’s financial technology landscape has taken a significant leap forward with the launch of Ultra App, a digital financial solution…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid Economic Uncertainty
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72 trillion,…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in global crude oil…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt Management Office (DMO).…
Nigerian Bank Compliance Chiefs Call for AI-Driven Risk Management to Tackle Financial Crime
The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) has advocated for the integration of artificial intelligence (AI)…
US Banks Surge After Passing Fed Stress Test, Paving Way for Shareholder Payouts
Wall Street’s leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal Reserve’s annual…
Investors Pivot to Europe Amid U.S. Tariff Uncertainty Under Trump
A growing number of global investors are shifting their focus from the U.S. to Europe, driven by growing instability in…
NCC Champions New Policy to License Community Networks for Rural Connectivity
The Nigerian Communications Commission (NCC) has proposed a policy initiative to license and support the development of community networks in…
Nigerian Stock Market Soars, Adds N1.43 Trillion in One Week
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value last week, with…