Browsing Category
Business
OpenAI’s Brad Lightcap Takes on Expanded Role to Drive Global Growth and…
OpenAI's Chief Operating Officer, Brad Lightcap, is set to lead the company's global expansion efforts and…
China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation
In a significant meeting in Beijing, China's Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of…
Mercurie Launches Naira Payment Solution for Nigerian Businesses
Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies…
Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity
Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system…
Nigerian Equities Market Continues Downward Trend, Investors Lose N532bn in 4th…
The Nigerian equities market has faced a fourth consecutive week of losses, with heightened selling pressure and…
Telecom Sector Growth Hinges on AI, B2B Services, and Strategic Innovation Amidst…
The Nigerian telecom sector is grappling with steep tariff hikes, leaving consumers like Adebayo, a Lagos-based…
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s…
China’s Economic Resilience and Business Potential Highlighted at Forum…
Vice Premier He Lifeng reassured foreign business leaders about China’s economic prospects during the China…
Tony Elumelu Foundation Grants African Entrepreneurs Over $115m, Create 1.5m Jobs
The Tony Elumelu Foundation (TEF) has distributed over $115 million in grants to African entrepreneurs, benefiting…
Ghana Government Falls Short of Treasury Bill Target by GH¢2.8 Billion
In its latest Treasury bill auction, the Ghanaian government has missed its target by GH¢2.8 billion, marking the…
Revitalizing Nigeria’s Creative Economy: CBN’s Push for a $25 Billion…
The Central Bank of Nigeria (CBN), in partnership with the Bankers’ Committee, is spearheading efforts to…
Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures
The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on…
Naira struggles at official window, depreciates to 1536/$
The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to…
China Encouraged to Increase Investments and Technology Transfer to Boost…
Nigeria's Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade…
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in…
FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence
The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government…
FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve…
The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs…
Hong Kong Markets Drop Over 2% Amid U.S. Economic Uncertainty, Asia’s Stock…
Hong Kong’s stock market took a significant hit on Friday, with the Hang Seng Index plunging 2.19% to end the day…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at…
Nigerian Stock Market Sees N35bn Loss Amid Persistent Sell Pressure
Investors in the Nigerian stock market experienced a significant setback on Thursday, with a loss of N35 billion…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in…
Japan’s Core Inflation Hits 3%, Boosting Expectations of BOJ Rate Hike
Japan's core inflation rate reached 3.0% in February, maintaining pressure on the Bank of Japan (BOJ) to consider…
Bank of Ghana Faces Tough Decisions Amid Economic Challenges
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will hold its 123rd meeting starting March 24,…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial…
Nigeria and India Strengthen Economic Ties: Focus on Trade, Investment, and Key…
Nigeria and India have reaffirmed their commitment to deepening bilateral relations, focusing on trade,…
NGX Market Cap Drops to N65.8tn Amid Weak Investor Sentiment
The Nigerian Exchange (NGX) saw a decline in market capitalisation, dropping to N65.8 trillion as the All-Share…
Tinubu Appoints Board for Nigerian Power Operator
President Bola Tinubu has appointed the board members for the newly established Nigerian Independent System…
Rwanda’s Economy Expands 8.9% in 2024, Driven by Strong Agricultural and…
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2%…
Ghana’s Top 10 SOEs Report GHC11bn Loss in 2023
In 2023, Ghana's 10 largest State-Owned Enterprises (SOEs) by asset base reported a combined net loss of GHC11…