Nigeria Eyes First National Data Park and AI Compute Hub at Egbin Power Plant
In an effort to boost Nigeria’s digital economy, the government is planning to build the country’s first National Data Park…
Author: Ekemini
Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy Conference
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August 12 to 14.…
International payments facilitated by CBN hit $497m in February
In February 2025, the Central Bank of Nigeria (CBN) recorded a 17.2% year-on-year increase in international payments, totaling $497.91 million.…
CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month…
African Trade Ministers to Convene on April 14 to Address Impact of U.S. Tariffs
African trade ministers will meet on April 14, 2025, to discuss the potential impact of new tariffs imposed by the…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety Efforts
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations across Nigeria within the…
Trump’s Trade War Deepens Nigeria’s Fiscal Crisis, Puts N55tr Budget at Risk
Nigeria is facing significant fiscal challenges as global economic uncertainties, including the trade war initiated by former U.S. President Donald…
No Entry Ban on Nigeria, Saudi Arabia Denies Viral Claims
The Nigerian Ministry of Foreign Affairs has officially refuted claims circulating online that Nigeria has been added to a list…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are…
Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand
Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar at the official…
BDC Operators Advocate Economic Partnerships with India, China Amid U.S. Tariff Hike on Nigerian Exports
The Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Nigerian government to explore strategic economic partnerships…
Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets
Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President Donald Trump’s fresh tariff…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…
MTN Group Set to Launch Streaming Platform to Rival Netflix in Africa
MTN Group, Africa’s leading mobile operator, has announced plans to launch a new streaming platform aimed at competing with major…
Akwa Ibom Government Disburses N335 Million to Empower Oron Farmers and Entrepreneurs
The Akwa Ibom State Government has allocated a total of N335 million in grants to farmers, traders, and entrepreneurs in…
Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount
President Donald Trump’s aggressive tariff strategy has sent shockwaves through global financial markets, with U.S. stocks bracing for more volatility.…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
Yen and Swiss Franc Top Safe-Haven Picks Amid Trump Tariffs, Analysts Say
In light of President Donald Trump’s recent announcement of reciprocal tariffs, investors are flocking to safe-haven assets, with the Japanese…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5 Commercial Paper Issuance
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025, which…
Nigeria’s Financial Markets in Turmoil as Trump Tariffs Trigger Global Shockwaves
Nigeria’s financial markets are grappling with volatility amid global disruptions caused by renewed tariff threats from former U.S. President Donald…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that ongoing U.S. tariffs…
Microsoft Joint Venture Wicresoft to Halt China Operations and Lay Off 2,000 Staff Amid Tensions
Microsoft’s joint venture in China, Wicresoft, will halt its operations in the country starting Tuesday, according to a report by…
China Assures U.S. Companies of Protection Amid Ongoing Trade Tensions
China’s Vice Commerce Minister, Ling Ji, reassured U.S. companies, including prominent names like Tesla and GE Healthcare, that the Chinese…
Telecom Service Quality Declines After Tariff Hike, Consumers Express Discontent
Telecom service quality in Nigeria has significantly deteriorated, sparking frustration among customers. Subscribers, including small business owners and everyday users,…
Nigerian Breweries Reinforces Sustainability Commitment
Nigerian Breweries Plc has reaffirmed its dedication to sustainability under its “Brew a Better World” (BaBw) agenda, which focuses on…
Investor Confidence Rises as Nigerian Banks Secure N2.4 Trillion in Q1 2025 Capital Raise
In the first quarter of 2025, Nigerian banks raised an impressive N2.4 trillion through the capital market as part of…
Trump’s 14% Tariff on Nigerian Exports Poses Threat to $6 Billion Annual Revenue
The recent imposition of a 14% tariff by U.S. President Donald Trump on Nigerian exports has raised serious concerns among…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to…