U.S. Labor Market Shows Signs of Softening Amid Tariff Uncertainty
The U.S. labor market is exhibiting signs of easing as job openings rose modestly in April, but layoffs experienced their…
Category: Business
Nigerian Stock Market Hits N70.89 Trillion as Investor Confidence Drives Gains
The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259 billion…
NCC Mandates Airtime Billing for USSD Transactions to Resolve Bank-Telco Dispute
The Nigerian Communications Commission (NCC) has issued a new directive instructing Deposit Money Banks to begin deducting USSD banking service…
AI ‘Vibe Coding’ Startups Surge Amid High Valuations and Big Tech Pressure
In the rapidly evolving landscape of artificial intelligence, code generation startups—dubbed “vibe coding” firms, are gaining enormous attention and funding,…
Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank
Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank, marking the…
ANRPM Commends Tinubu’s Oil Sector Reforms, Backs Economic and Tax Initiatives
The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second year in office, emphasizing…
Government in Final Talks with Strategic Investor for AT Revamp and Takeover
The Government of Ghana has entered into advanced discussions with a strategic investor for the revamp and potential takeover of…
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization requirements expired today,…
ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Share Split in Bid to Broaden Investor Access
In a move aimed at making its flagship crypto investment product more accessible to everyday investors, 21Shares US announced Monday…
Google Agrees to $500 Million Compliance Overhaul to Settle Shareholder Antitrust Lawsuit
Google has agreed to invest $500 million over the next decade to revamp its compliance framework as part of a…
Markets Cautious Ahead of Trump-Xi Talks; Dollar Dips as Trade Tensions Persist
Shares in Asia showed modest gains while U.S. futures slipped on Tuesday amid lingering concerns over U.S.-China trade tensions. Investors…
Nigeria’s Private Sector Grows for Sixth Straight Month Despite Inflation and Employment Challenges
Nigeria’s private sector sustained its growth momentum in May 2025, marking the sixth consecutive month of expansion, according to the…
Nigerian Equities Market Starts Week Strong with N173bn Gain Despite Lower Trading Volume
The Nigerian equities market kicked off the week on a positive trajectory as it recorded a N173 billion increase in…
Ghana’s Cedi Poised to Strengthen as $370 Million IMF Tranche Nears Approval
Ghana’s cedi is expected to remain relatively stable in the coming weeks, supported by the imminent release of $370 million…
Fuel Marketers Join Forces Amid Price War Between Dangote and NNPC
In response to the instability caused by fluctuating petrol prices in Nigeria, fuel marketers are forming strategic partnerships to limit…
Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax Revenue Slips Away
Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent across the…
Nigerian Stock Market Extends Gains, Rises by 0.27%
Nigeria’s stock market continued its positive momentum on Wednesday, climbing by 0.27 percent. The uptick was largely driven by increased…
GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project Financing-GHANA
In a move to bolster Ghana’s economic transformation through enhanced international trade and export development, the Ghana Export-Import Bank (GEXIM)…
Nigerian Exchange Surges by N187 Billion as Investor Confidence Drives Market Momentum
The Nigerian Exchange (NGX) continued its positive streak on Wednesday, gaining N187 billion in market capitalisation amid strong investor optimism…
Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import Dominance
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead.…
FX Reforms Spark Surge in Investor Confidence as Daily Turnover Hits $500m
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover approaching $500 million—a nearly five-fold…
Stakeholders Call for Greater Investment and Support to Boost Nigeria’s Tech Innovators
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major obstacles facing…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit Woes
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due…
Wear It All Luxury Launches Glamorous Abuja Boutique with Star-Studded Event
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded its footprint with…
NGX Market Capitalisation Surges Past N70 Trillion as Bullish Trend Continues
The Nigerian Exchange Limited (NGX) witnessed sustained bullish activity as the market capitalisation soared past the N70 trillion mark. The…
CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market
The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector.…
Google’s AI Ad Tools Poised to Supercharge Nigeria’s Digital Economy
Google has unveiled a range of cutting-edge artificial intelligence (AI) advertising tools aimed at accelerating digital growth in Nigeria and…
NGX Market Capitalisation Surpasses N70 Trillion on Strong Investor Demand for Airtel Africa, Others
The Nigerian Exchange Limited (NGX) saw its market capitalisation cross the N70 trillion mark, driven by strong investor demand for…
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins Scheduled Maintenance
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at…
NACCIMA President Urges Overhaul of Nigeria’s Investment Agencies to Attract High-Quality Investments
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called…