Naira Strengthens Below N1,600/$ as U.S. Dollar Hits 3-Year Low Amid Global Economic Shifts
The Nigerian naira gained ground against the U.S. dollar, breaking below the N1,600/$ threshold in the black market. It traded…
Author: Ekemini
Africa Sets Sights on $712 Billion Digital Trade Boom by 2035 with AfCFTA
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African…
U.S. Lawmakers Introduce Bipartisan Bill to Ban Chinese AI Models in Government Agencies
A bipartisan group of U.S. lawmakers has introduced the “No Adversarial AI Act”, a bill aiming to prohibit U.S. executive…
Cardoso Champions ‘African-Led, African-Owned’ Development at Afreximbank Meeting
At the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Central Bank of Nigeria (CBN) Governor Olayemi…
BREAKING: INEC Receives 110 Applications For New Political Parties
The Independent National Electoral Commission (INEC) has announced it has received letters of intent from 110 associations seeking registration as…
Gartner Warns Over 40% of Agentic AI Projects Will Be Abandoned by 2027 Amid High Costs and Hype
More than 40% of current agentic artificial intelligence (AI) projects will be discontinued by the end of 2027, according to…
NGX Surges as Market Capitalisation Gains N764bn Amid Broad-Based Rally
The Nigerian Exchange Limited (NGX) witnessed a robust rally on Tuesday, continuing its bullish momentum as market capitalisation surged by…
DMO Finalises Oversubscribed N100bn Bond Auction to Support 2025 Budget
The Debt Management Office (DMO) of Nigeria is set to finalise and settle a N100 billion bond issuance today, June…
Pension Assets Rise to ₦23.33 Trillion in Q1 2025 as FG Clears ₦1.2 Trillion in Arrears
In the first quarter of 2025, Nigeria’s pension assets grew by ₦820 billion, bringing the total to ₦23.33 trillion as…
SEC’s Tenure Limits Spark Succession Anxiety Among CEOs, Directors
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive limiting the tenure and subsequent roles of…
CBN Blames Governors and Lawsuits for Delay in N85bn Healthcare Project Across 774 LGAs
The Central Bank of Nigeria (CBN) has attributed the delay in completing a nationwide healthcare project to pending litigations instigated…
Over 90% of Nigeria’s Dollar Liquidity Is Off the Books, Say BDC Operators
Bureau De Change (BDC) operators in Nigeria have revealed that more than 90% of the country’s foreign exchange (forex) liquidity…
Treasury yields hold steady as investors monitor Israel-Iran ceasefire
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions following a ceasefire between Israel and Iran.…
Xero Acquires U.S. Fintech Melio for $2.5 Billion in Major U.S. Expansion Push
New Zealand-based accounting software giant Xero has announced a $2.5 billion acquisition of U.S. payments platform Melio, marking the largest…
OpenAI CEO Altman Discusses Future with Microsoft Amid Investment Talks and Political Outreach
OpenAI CEO Sam Altman revealed in a recent New York Times podcast that he held discussions with Microsoft CEO Satya…
Asia Stocks Rise, Dollar Slips as Israel-Iran Ceasefire Boosts Market Optimism
Asian stock markets inched upward on Wednesday following a tentative ceasefire between Israel and Iran, restoring some investor confidence and…
Bullish Momentum Continues as NGX Market Capitalisation Surpasses N75 Trillion
The Nigerian Exchange (NGX) continued its bullish run as the market capitalisation surged past N75 trillion, signaling strong investor confidence.…
Nigeria Sets Ambitious Goal to Achieve 95% Digital Literacy by 2030
The Federal Government of Nigeria has declared its strong commitment to achieving 95% digital literacy by 2030, a core goal…
Nigerian AI-inclined startups dominate Google’s new program
Google has unveiled the ninth edition of its Google for Startups Accelerator: Africa program, spotlighting 15 innovative, AI-driven startups from…
Ghana Launches Labour Export Planning Committee to Boost Global Workforce Strategy
Ghana has inaugurated a National Planning Committee for the Ghana Labour Exchange Program (GLEP), marking a strategic push toward structured…
SBM Warns of Telecom Sector Collapse Without Urgent FX Access, Policy Reform
SBM Intelligence, a leading research firm, has raised alarms over the deteriorating state of Nigeria’s telecommunications sector, warning that without…
OpenAI Launches Codex: Advanced AI Coding Agent for Developers
OpenAI has introduced Codex, a sophisticated AI coding agent designed to assist software developers in automating key tasks. Available to…
Fintech Urged as Key to Business Growth for SMEs in Ghana – Experts Highlight Youth-Driven Digital
At the 2025 Citi Business Festival (#CitiBusinessFestival), Martin Kwame Awagah, President of the Ghana Fintech and Payments Association, delivered a…
US Stock Futures Climb as Trump Brokers Israel-Iran Ceasefire
U.S. stock futures saw a sharp rise on Tuesday following former President Donald Trump’s announcement of a ceasefire between Israel…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months – Finance Minister Edun
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the…
Global Central Banks Shift Reserves from Dollar to Gold, Euro, and Yuan Amid Geopolitical Tensions
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S. dollar, increasingly…
NGX Urges Regional Collaboration to Boost Trade and Investment in West Africa
The Nigerian Exchange Group (NGX) has emphasized the need for increased regional collaboration to harness West Africa’s vast trade and…
Bank of Ghana Urges Stronger Cybersecurity Collaboration to Protect Financial Inclusion
The Bank of Ghana (BoG) is calling for enhanced cybersecurity measures across Africa’s financial sector, emphasizing the urgent need for…
What CBN’s forbearance shift means for banks
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a new era of orthodox…
SEC Tenure Rule Sparks Panic Among Capital Market Operators in Nigeria
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among capital market operators. The new…