50% crude output now produced by local firms – Report
Nigeria’s oil and gas industry is undergoing a major transformation, with indigenous companies now responsible for more than 50% of…
Author: Ekemini
Tariff Hikes Trigger Sharp Decline in Internet Usage and Subscribers in Nigeria
Internet data consumption in Nigeria fell sharply by 17,647 terabytes from January to April 2025, following a 50% tariff increase…
U.S. Labor Market Shows Signs of Softening Amid Tariff Uncertainty
The U.S. labor market is exhibiting signs of easing as job openings rose modestly in April, but layoffs experienced their…
Nigerian Stock Market Hits N70.89 Trillion as Investor Confidence Drives Gains
The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259 billion…
BoG Governor Sets Bold Target to Slash Lending Rates Below 10% Within Four Years-Ghana
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced a bold plan to reduce Ghana’s average lending…
NCC Mandates Airtime Billing for USSD Transactions to Resolve Bank-Telco Dispute
The Nigerian Communications Commission (NCC) has issued a new directive instructing Deposit Money Banks to begin deducting USSD banking service…
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…
BREAKING: APC wins all 23 Benue LG election petitions at Appeal Tribunal
The Appeal Panel on Local Government Election Petitions for Benue State, sitting at the NBA House in Abuja, has upheld…
AI ‘Vibe Coding’ Startups Surge Amid High Valuations and Big Tech Pressure
In the rapidly evolving landscape of artificial intelligence, code generation startups—dubbed “vibe coding” firms, are gaining enormous attention and funding,…
Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank
Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank, marking the…
FX Options Market Signals Growing Investor Bets on Further Dollar Weakness
The U.S. dollar, after experiencing a sharp decline earlier this year, is showing signs of further weakening according to the…
Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor Confidence
Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting investor anxiety over…
US and India Edge Closer to Trade Deal Amid Intensifying Negotiations
The United States and India are making notable strides toward finalizing a long-anticipated trade agreement, according to U.S. Commerce Secretary…
ANRPM Commends Tinubu’s Oil Sector Reforms, Backs Economic and Tax Initiatives
The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second year in office, emphasizing…
NGX Chief Urges Rethink of Africa’s Growth Model, Calls for Homegrown Capital and Tech-Driven Solutions
Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX Group), has urged African leaders and stakeholders…
Government in Final Talks with Strategic Investor for AT Revamp and Takeover
The Government of Ghana has entered into advanced discussions with a strategic investor for the revamp and potential takeover of…
Nigeria’s Economic Recovery Gathers Momentum – CBN Governor Cardoso
Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, has assured Nigerians that the country’s economy is on a solid…
Nigeria’s AI Growth at Risk Without Strong Governance and Security, Experts Warn
Nigeria is rapidly embracing artificial intelligence (AI), but experts caution that the country’s current lack of robust governance, security, and…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50% against the US dollar.…
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization requirements expired today,…
ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Share Split in Bid to Broaden Investor Access
In a move aimed at making its flagship crypto investment product more accessible to everyday investors, 21Shares US announced Monday…
Google Agrees to $500 Million Compliance Overhaul to Settle Shareholder Antitrust Lawsuit
Google has agreed to invest $500 million over the next decade to revamp its compliance framework as part of a…
Markets Cautious Ahead of Trump-Xi Talks; Dollar Dips as Trade Tensions Persist
Shares in Asia showed modest gains while U.S. futures slipped on Tuesday amid lingering concerns over U.S.-China trade tensions. Investors…
Presidency Moves to Resolve N2 Trillion Power Debt Amid Sector Reforms
The Nigerian Presidency has initiated internal approval processes aimed at resolving the longstanding N2 trillion debt owed to electricity generation…
Nigeria’s Private Sector Grows for Sixth Straight Month Despite Inflation and Employment Challenges
Nigeria’s private sector sustained its growth momentum in May 2025, marking the sixth consecutive month of expansion, according to the…
Nigerian Equities Market Starts Week Strong with N173bn Gain Despite Lower Trading Volume
The Nigerian equities market kicked off the week on a positive trajectory as it recorded a N173 billion increase in…
Ghana’s Cedi Poised to Strengthen as $370 Million IMF Tranche Nears Approval
Ghana’s cedi is expected to remain relatively stable in the coming weeks, supported by the imminent release of $370 million…
Nigeria’s Economic Reforms Target Forex Stability Amid Oil Price Slump
Nigeria’s foreign exchange reserves have declined significantly in the first four months of 2025, dropping from $40.88bn in January to…
NASD Market Soars with N5.14bn in Trades as Oil & Gas Sector Leads Rally
The NASD Over-the-Counter (OTC) Securities Exchange recorded a significant surge in trading activity last week, as 551.01 million shares worth…
Fuel Marketers Join Forces Amid Price War Between Dangote and NNPC
In response to the instability caused by fluctuating petrol prices in Nigeria, fuel marketers are forming strategic partnerships to limit…