Browsing Category
Business
U.S. Pushes to Break Up Google’s Ad-Tech Monopoly Following Judge’s Ruling
The U.S. Department of Justice has taken a bold step by seeking a breakup of Google's ad-tech business after a…
Global Markets Steady as Dollar Firms and Asian Currencies Surge Amid Trade…
Global markets remained largely flat on Tuesday as investors treaded carefully ahead of Wednesday's U.S. Federal…
Investors Gain N412bn as NGX Opens Week Strong with Broad-Sector Rally
The Nigerian Exchange (NGX) kicked off the week with solid momentum as investor confidence fueled a 0.62% surge in…
CBN reforms reshape external sector amid diaspora inflows
Nigeria’s external sector is going through a serious transformation, with the Central Bank’s foreign exchange…
Tinubu approves plan to attract $122bn power investments
President Bola Tinubu has officially approved a bold new reform initiative for Nigeria’s power sector, signing off…
SEC to Convene Q1 Capital Market Meeting in Lagos to Boost Investor Confidence and…
The Securities and Exchange Commission (SEC) has scheduled its first-quarter Capital Market Committee meeting for…
Trump Cuts $500M from African Development Bank, Deepening Africa’s Financial…
The Trump administration’s proposed 2026 budget includes a significant reduction in U.S. support for the African…
CBN Spends N315 Billion on Currency Management Amid Cash Crisis in 2024
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising…
Dollar Dips Amid Taiwan Currency Surge and Global Revaluation Buzz
The U.S. dollar weakened on Monday following a dramatic surge in the Taiwan dollar, which jumped over 7% in just…
Tariff Turbulence: How Trump’s Trade Moves Are Slowing the Global Economy
President Donald Trump's tariff policies are beginning to drag significantly on the global economy, disrupting…
CBN’s 2024 Turnaround: A Cautious Yet Promising Step Toward Economic…
In a decisive break from its turbulent past, the Central Bank of Nigeria (CBN) has posted its 2024 financial…
Tinubu Moves to Avert Power Sector Collapse with N4trn GenCo Debt Plan
President Bola Tinubu is taking urgent steps to prevent a potential collapse of Nigeria’s power sector by…
Petrol Landing Cost Surpasses Dangote Refinery Price, Fuel Importers Struggle with…
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre,…
AfDB Approves $650 Million Annual Commitment for Nigeria’s Economic Growth
The African Development Bank (AfDB) has officially approved a new Country Strategy Paper (CSP) for Nigeria,…
SEC Flags TOFRO as Suspected Ponzi Scheme, Warns Nigerians Against Investment
The Securities and Exchange Commission (SEC) has issued a public warning regarding TOFRO.COM (Tofro), an online…
Dangote Rides Tariff Wave, Doubles Down on Urea Exports to U.S.
Aliko Dangote, President of Dangote Industries Limited, has signaled confidence in the face of new U.S. tariffs,…
Mahama Vows Ghana Will Complete IMF Programme On Time Without Extension
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility…
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global…
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing…
FG Launches E-Invoicing Committee to Combat Tax Evasion and Boost Revenue
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to…
NGX Group Returns to Profit Growth as Income and Cost Efficiency Improve
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of 2025,…
CBEX Reboots Amid Fraud Probes and Regulatory Warnings, Lures Fresh Investors with…
Despite a federal investigation and a reported N1.2 trillion loss impacting over 600,000 Nigerians, Crypto Bridge…
Dangote leads industry peers with 60% gross profit margin
In the first quarter of 2025, Dangote Cement emerged as the leading cement manufacturer in Nigeria, achieving a…
Dollar based financing no longer sustainable for startups
At the 21st Annual Africa Venture Capital Association (AVCA) Conference, West African venture capitalists…
World Bank: Global commodity prices to drop to six-year low by 2026
The World Bank has sounded the alarm over falling global commodity prices, forecasting a steep 12% decline in 2025…
Stockpiling ahead of tariffs likely hurt US economy in the first quarter
The U.S. economy likely came to a near standstill, or even slipped into contraction, during the first quarter of…
Intel Gains Interest in Test Chips for Advanced 18A Process Amid Foundry Revamp…
Intel’s foundry unit has recently garnered attention from several of its contract manufacturing customers who are…
Edo State Investment Forum Targets Global Investors for Economic Growth
Edo State is taking significant strides towards economic growth as it seeks to attract investors through the…
Nigerian Telcos Commit Over $1 Billion to Chinese Network Gear in Major…
Telecommunication operators in Nigeria have placed orders exceeding $1 billion for network equipment from Chinese…
NGX Sheds ₦116bn as Profit-Taking Drags Market Down
The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from…
Nigeria’s Cold Chain Market: A N160bn Goldmine for Investors Battling Post-Harvest…
Nigeria’s cold chain sector, valued at N160 billion as of 2023, is revealing massive investment potential as it…