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World Bank Pressures Nigeria to Raise Sin Taxes as Loan Condition
The World Bank has urged Nigeria to implement higher excise duties on “sin goods” like alcohol, tobacco, and…
BoG Mandates Banks to Hold Reserves in Original Deposit Currencies from June_Ghana
Starting June 5, 2025, commercial banks in Ghana will be required to maintain their cash reserves in the same…
AGI Expects Policy Rate Cut as Economic Conditions Improve
The Association of Ghana Industries (AGI) is anticipating a reduction in Ghana's policy rate, ahead of the Bank of…
CBN Holds Interest Rate to Curb Inflation, Spur Growth Amid Fragile Economic Gains
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the benchmark…
Lagos State to Launch AI Guidelines, Advocate Ethical Investment in $20 Trillion…
The Lagos State government has announced plans to release its first set of Artificial Intelligence (AI)…
BREAKING: Otedola Invests N320bn in First Bank, Cites Tinubu and Cardoso’s…
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion…
Manufacturers, LCCI Clash Over CBN’s 27.5% Interest Rate Policy
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 percent since…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by…
CBN Unveils Draft Standards for Automated AML/CFT Systems to Strengthen Financial…
In a major step toward enhancing Nigeria’s financial security, the Central Bank of Nigeria (CBN) has released a…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group,…
JPMorgan’s Jamie Dimon Warns of Rising U.S. Stagflation Risks Amid Economic…
JPMorgan Chase CEO Jamie Dimon has cautioned that the U.S. economy could face the risk of stagflation, a troubling…
OpenAI Acquires Jony Ive’s AI Device Startup in $6.5 Billion Deal to Launch…
OpenAI has announced the acquisition of io Products, a hardware startup founded by former Apple design chief Jony…
BoG Overhauls Monetary Policy to Spur Growth and Control Inflation-GHANA
The Bank of Ghana (BoG) has initiated a major review of its monetary policy framework, aiming to adopt more…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost…
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March,…
Nigerian Stock Market Sheds N70 Billion Amid Sell Pressure in 27 Stocks
The Nigerian stock market experienced a downturn on Wednesday, with market capitalisation dropping by N70 billion.…
Naira Strengthens Across Markets, Hits N1,615/$ in Parallel Market
The Nigerian naira appreciated on Wednesday in both the parallel and official foreign exchange markets. In the…
NGX Loses N70bn as Market Reverses Gains Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a…
Africa’s Digital Surge Sparks Urgent Demand for AI and Cybersecurity Talent – SAP…
A new SAP report has revealed that Africa’s fast-growing digital economy is fueling an unprecedented demand for…
Lagos government sanctions 21 money lending firms for violations
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines.…
Nigerian Breweries Appoints Emmanuel Oriakhi as Sales Director to Lead Growth and…
Nigerian Breweries Plc has officially appointed Emmanuel Oriakhi as its new sales director, effective March 24,…
Nigerian Tech Startups Defy Economic Storms to Post Seven-Fold Growth
Despite facing one of the toughest economic periods in recent Nigerian history, seven tech companies have recorded…
“U.S. Economic Woes Rattle Consumers, But Nestlé Gains Ground, CEO…
Nestlé CEO Laurent Freixe has acknowledged that American consumers are feeling the strain of an economic slowdown,…
Cardoso: Stronger Naira Set to Boost Nigeria’s Non-Oil Exports and Attract…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that recent monetary reforms have made…
Nigerians Spend ₦5.3 Trillion on Telecom Services in 2023
In 2023, Nigerians spent an estimated ₦5.3 trillion on telecommunications services, covering voice calls, data…
Google Unveils Bold AI Vision with Smart Glasses, AI Mode, and Premium Plans at…
At its annual I/O conference in Mountain View, California, Google introduced major advancements in artificial…
UK-EU Post-Brexit Reset Shakes Markets: Gilt Yields Surge, Sterling Rallies
The United Kingdom and the European Union have reached a landmark agreement to reset their post-Brexit…
Resilient Revenue: Seplat, MTN, and 19 Other Firms Generate N6.4 Trillion in Q1…
Despite ongoing economic headwinds in Nigeria, 21 major companies listed on the Nigerian Exchange (NGX) –…
Lagos Partners with Marketing Analytics Africa to Host Landmark 2025 AMTEC…
Lagos State has announced a strategic partnership with Marketing Analytics Africa (MAA) to host the 2025 African…
Dangote Refinery Vows to Keep Petrol Prices Stable Amid Global Oil Volatility
Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria,…