Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite Crude Dip
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre,…
Category: Business
Intel CEO Considers Pivot from Costly 18A Chips to Focus on Promising 14A Technology
Intel’s new CEO, Lip-Bu Tan, is considering a major shift in the company’s chip manufacturing strategy by potentially moving away…
Ghanaians Face Price Surge as GRA Implements New Tax Measures
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting concerns…
Nigeria’s Economy Grows 3.7% in First Half of 2025 Amid Oil Boost and Business Expansion
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC Bank Nigeria…
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective July 1, 2025. Notably,…
Dangote Refinery Slashes Petrol Price to N840 Amid Global Oil Drop, Plans Nationwide Distribution
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40 drop…
OpenAI Denies Plans to Use Google’s AI Chips at Scale Amid Industry Speculation
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following reports…
Smartcomply Launches Partner Programme to Strengthen Africa’s Cybersecurity Ecosystem
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply Partner Programme aimed at building a…
Elon Musk’s xAI Secures $10 Billion in Debt and Equity Funding to Boost AI Expansion
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing alongside a separate $5 billion strategic…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax Scheme Rollout
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Investors Gain N5.49 Trillion in June as Consumer Goods, Insurance, and Banking Stocks Lead Market Rally
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in market value. The rally was…
Bitget Launches Institutional Crypto Services to Empower Nigeria’s Fintech Industry
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in Nigeria aimed at…
Nigeria’s External Reserves Drop $3.5bn in Six Months Despite Naira Stability
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883 billion at the…
Nigerian Stock Market Closes June with N11bn Loss Amid Profit-Taking and Mixed Sentiment
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion…
216 Chinese Investors Target Nigeria’s Key Sectors After Landmark Nigeria-China Summit
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in Lagos, over 216…
US-Africa Business Summit Generates $2.5 Billion in Trade Deals, Strengthening Economic Ties
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new legislation passed by the National Assembly…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid Economic Uncertainty
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72 trillion,…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in global crude oil…
Nigerian Stock Market Soars, Adds N1.43 Trillion in One Week
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value last week, with…
Nigeria Sets Sights on $128 Trillion Global Asset Market as Mutual Funds Surge
Nigeria is positioning itself to tap into the booming $128 trillion global asset management market, buoyed by a significant rise…
ATII to Spearhead Africa’s Tech-Driven Industrial Revolution at Inaugural African Industrial Forum
The African Technology and Innovation Institutes (ATII) has announced the inaugural African Industrial Forum (AIF), a major initiative to catalyze…
FCMB Launches Sangotedo Branch to Boost Economic Growth in Lagos
First City Monument Bank (FCMB) officially opened a new branch in Sangotedo, Lagos, on June 26, 2025, as part of…
‘Dangote’s Investment Of N720bn On CNG Trucks To Save Nigerians N1.7trn’
Dangote Petroleum Refinery has invested over N720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute…
FinTech Seeks Improved Data Ecosystem For Credit Score Metrics
The Managing Director of Sofri, Mr. Paul Adebayo, has emphasized the urgent need for a more robust and efficient data…
Nigerian Stock Market Dips by N308bn as Investors Take Profits in Large-Cap Stocks
The Nigerian equity market reversed its recent bullish trend on Thursday, recording a significant loss of N308 billion in market capitalization. This…
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic Growth
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of…
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed Signals
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI…
Nigeria’s Bond Market Booms as Inflation Eases: DMO Auction Sees 603% Oversubscription
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth…