Browsing Category
Business
Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline
US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect…
Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss
Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss…
AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to…
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration…
Bullish Momentum in Nigerian Fixed-Income Market to Slow in Q2 2025 Amid Global…
The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter…
Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy…
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August…
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%…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable…
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG)…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct…
The implementation of the Supreme Court's ruling on local government autonomy has encountered new challenges, as…
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…
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…
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…
Akwa Ibom Government Disburses N335 Million to Empower Oron Farmers and…
The Akwa Ibom State Government has allocated a total of N335 million in grants to farmers, traders, and…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in…
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly…
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…
Microsoft Joint Venture Wicresoft to Halt China Operations and Lay Off 2,000 Staff…
Microsoft's joint venture in China, Wicresoft, will halt its operations in the country starting Tuesday, according…
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…
Nigerian Breweries Reinforces Sustainability Commitment
Nigerian Breweries Plc has reaffirmed its dedication to sustainability under its "Brew a Better World" (BaBw)…
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…
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…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
NGX Faces Setback Despite Strong Earnings Season
The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week's gains and…
Experts Endorse Nigeria Re’s AI Strategy to Boost Insurance Sector Growth
Stakeholders in Nigeria's insurance sector have shown strong support for Nigeria Reinsurance Corporation’s new…
CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price…
The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71…
Nigeria Considers Strengthening Trade Ties with China, EU, and BRICS in Response…
In response to the imposition of new US tariffs, Nigerian fund managers from Cory Assets Management Limited, led…
NNPC Appoints New Management Team, Ojulari Takes Over from Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed its new Group Chief Executive…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign…
Tinubu Appoints Ayo Sotinrin as New MD of Bank of Agriculture
President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture,…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and…
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
China Hits Back with 34% Tariffs on U.S. Imports, Escalating Trade Tensions
In a sharp retaliation to President Donald Trump's recent tariff hikes, China has announced new tariffs of 34% on…