GH¢1 Fuel Levy Sparks Concern Over Economic Recovery Amid Calls for Strategic Collaboration-Ghana
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its timing could…
Author: Ekemini
Nigeria’s health budget too low to address challenges — Bill Gates
US billionaire and Gates Foundation Chair Bill Gates has expressed deep concern over Nigeria’s insufficient health budget, warning that it…
JPMorgan Embraces Bitcoin with New Lending Options as Standard Chartered Warns of Market Correction
Bitcoin’s futures market shows promising bullish signals despite a recent cooling in price, trading just below $105,000 after peaking at…
Fitch Forecasts Growth for Nigeria’s Islamic Finance and Sukuk Market Despite Challenges
Fitch Ratings projects notable growth for Nigeria’s Islamic finance sector from the second half of 2025 through 2026, fueled by…
Statisense Launches “Immortal AI” to Revolutionize Africa’s Data Intelligence Landscape
Statisense, Nigeria’s leading data intelligence firm, has unveiled Immortal AI, a transformative platform aimed at unlocking the vast potential of…
JPMorgan Embraces Crypto ETFs as Loan Collateral Amid Institutional Shift
JPMorgan Chase & Co., the largest bank in the United States, has announced it will now allow clients to use…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants transition to a T+2 settlement…
Trump Administration Renegotiates Biden-Era Semiconductor Grants to Boost Value for Taxpayers
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under former President Joe Biden’s CHIPS and Science…
Treasury Yields Stabilize After Sharp Drop on Weak U.S. Economic Data
U.S. Treasury yields steadied on Thursday following steep declines on Wednesday triggered by a series of disappointing economic reports. The…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight Liquidity
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open Market Operation (OMO)…
Cost-push factors driving Nigeria’s inflation – Survey
Nigeria’s inflation crisis is being primarily driven by supply-side cost pressures rather than excess demand, according to the Central Bank…
GSM Technology Dominates Nigerian Internet Market with Over 141 Million Active Subscribers in April 2025
The Nigerian Communications Commission (NCC) reports that active internet subscribers in Nigeria reached nearly 142 million as of April 2025.…
Oando Surge Lifts NGX Market Cap to N71 Trillion Amid Strong Investor Sentiment
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to N71.118 trillion, driven largely…
Oil Dips Over 1% as Surging U.S. Fuel Stocks Overshadow Crude Draw and Demand Fears Rise
Oil prices fell by just over 1% on Wednesday following the release of U.S. government data revealing a sharp and…
Naira Hits Two-Month High at N1,565.46/$ as CBN Reforms Steady FX Market
The naira surged to a two-month high on Wednesday, trading at N1,565.46 per US dollar in the official foreign exchange…
Firms Blame Soaring Energy and Transport Costs for Nigeria’s Persistent Inflation – CBN
The Central Bank of Nigeria (CBN) has revealed that a vast majority of Nigerian firms cite high energy costs as…
Wall Street Edges Up as Tech Gains Offset Economic and Tariff Concerns
U.S. stock markets saw modest gains on Wednesday, buoyed by strength in technology shares despite a slew of troubling economic…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling Transport Costs
Ghana’s annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s 21.2%. This development…
Cedi to Stay Strong as Gold Earnings Boost Reserves – Finance Minister Assures Parliament-Ghana
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the national currency, the Cedi, will remain stable against major…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary Policy
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward trajectory…
Musk Slams Trump’s “Abomination” Spending Bill, Sparks GOP Rift
Billionaire entrepreneur Elon Musk has fiercely criticized a sweeping tax and spending bill championed by President Donald Trump, branding it…
Experts Warn: Without Governance, AI Could Become Africa’s Greatest Risk
At the 2025 Africa’s Beacon of ICT Merit & Leadership Award (ABoICT) held in Lagos, leading tech experts emphasized the…
Nigerian Stock Market Gains N259bn on Back of Broad Investor Confidence
The Nigerian stock market continued its upward momentum as it added N259 billion in value due to renewed investor confidence…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply; Industry Faces Major Shakeup
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10 percent of the approximately…
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail Recapitalisation Deadline
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new recapitalisation…
Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid Debts
Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks over alleged misinformation to…
Brookfield to Invest Nearly $10 Billion in Swedish AI Data Centre, Creating Thousands of Jobs
Brookfield Asset Management, a major Canadian investment firm, has announced plans to invest up to 95 billion Swedish kronor (approximately…
NGX Market Capitalisation Surges Past ₦120trn as Foreign Investment Floods In
The Nigerian Exchange (NGX) has reached a new milestone, with its combined market capitalisation of debt, equities, and Exchange Traded…
Qwant Files Antitrust Complaint Against Microsoft Over Bing Practices
French search engine Qwant has filed a complaint with France’s antitrust authority, accusing Microsoft of deliberately harming its search result…
Stock Market Rebounds with N260bn Boost as Demand for Dangote Cement, Others Rises
The Nigerian stock market saw a notable rebound on Tuesday, ending the previous session’s profit-taking trend. Investor interest in blue-chip…