Browsing Category
Business
Global Stocks Dip Amid U.S. Tariff Hike and Economic Outlook Concerns
Global stock markets experienced a decline on Tuesday as investors reacted to the implications of newly introduced…
Trump Imposes 25% Tariffs on Steel and Aluminium Imports to Boost U.S.…
President Donald Trump has announced the imposition of a 25% tariff on steel and aluminium imports into the United…
Stabilizing Naira and Slower Price Increases Ease Business Costs in January
In January 2025, the Nigerian business environment saw a reduction in operating costs, primarily due to the…
NAICOM’s Reform Plans to Strengthen Nigeria’s $1 Trillion Economy
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin,…
Dangote Refinery Set to Reach Full Capacity in 30 Days, Boosting Nigeria’s…
Nigeria’s Dangote Refinery, the largest in Africa, is set to operate at full capacity within the next 30 days, as…
Apple and Google Remove 20 Apps Containing Data-Stealing Malware SparkCat
Apple and Google have removed 20 apps from their respective app stores after security researchers discovered that…
France Investigates Microsoft Over Bing Search Technology and Antitrust Concerns
France's antitrust watchdog, the Autorité de la Concurrence, has launched an investigation into Microsoft,…
CBN Facilitates $5.63 Billion in International Payments Amid Economic Challenges…
The Central Bank of Nigeria (CBN) facilitated $5.63 billion in international payments during the first nine months…
CBN Reschedules February 2025 MPC Meeting Amid CPI Release Delays
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee…
Uganda’s Economic Outlook Remains Positive Amid Challenges and Global…
Uganda's economy has shown consistent growth in recent years, with 2023 marking a 5.0% increase in GDP. After a…
Ghana’s IMF Talks Focus on Tax Cuts, Energy Debt, and Fiscal Reforms for…
The ongoing discussions between the Ghanaian government and the International Monetary Fund (IMF), running from…
COMAC Demands Independent Audit of Gold-for-Oil Program Amid Financial…
The Chamber of Oil Marketing Companies (COMAC) is urging for an independent audit of the Bulk Energy Storage and…
Naira’s Strong Rally Disrupts FX Market Amid Dollar Sell-off and Reform…
The Nigerian naira has seen a notable appreciation, catching traders in the foreign exchange (FX) market…
Nigerian Stock Market Dips as Zenith Bank Leads Profit-Taking Activity
The Nigerian stock market opened the week on a mixed note, with the All-Share Index (ASI) declining by 0.04% due…
Elon Musk Makes $97.4 Billion Bid for OpenAI, Rejected by CEO Sam Altman
Elon Musk, the world's richest person, made a bold bid of $97.4 billion to gain control of OpenAI, the…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to…
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that…
African Startups Raise $289M in January 2025, Marking a Strong Funding Rebound
In January 2025, African startups raised an impressive $289 million, representing a 240% increase compared to the…
Paris AI Summit Calls for Balanced Approach to Regulation as Global Leaders Gather
World leaders and technology executives gathered in Paris for the AI Action Summit on February 10-11, 2025, to…
FBN Holdings Reports 154% Surge in Net Interest Income Due to Rate Hike
FBN Holdings experienced a significant 154.5% rise in its net interest income for the year 2024, largely due to…
Trump says tariffs coming on steel and aluminium
President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminium entering the United…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone…
CBN Unveils New Inflation Targeting Framework to Tackle Economic Challenges
The Central Bank of Nigeria (CBN) has initiated a new phase in combating inflation, implementing an inflation…
Baxter: Nigeria-UK Trade Now £7.5bn, Bilateral Trade Priority for Both Countries
The trade volume between Nigeria and the United Kingdom has soared to £7.5 billion, as revealed by Jonny Baxter,…
Imported Inflation: Nigeria’s Struggle for Price Stability
Muhammad Abdullahi, a member of Nigeria's Central Bank Monetary Policy Committee (MPC), highlighted the challenges…
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until…
Naira Rebound: Investors favour 364-day bonds, Treasury Bills
As the Nigerian naira strengthens, there has been a surge in demand for long-term fixed-income instruments.…
The Future of Borrowing; Fintech’s Challenge to Traditional Banks
In 2021, Joe Michael turned to his bank for a personal loan but was discouraged by the extensive documentation and…
FCCPC Floors MTN As Court Upholds Its Regulatory Authority In Telecommunications…
The Federal Competition and Consumer Protection Commission (FCCPC) achieved a significant legal win against MTN…