Microsoft Officially Shuts Down Skype After 22 Years, Shifting Focus to Teams
Microsoft has officially ended support for Skype after 22 years of service, signaling a shift toward its more modern collaboration…
Category: Business
Naira Holds Steady at ₦1,608/$1 as Oil Prices Rebound, Experts Urge Policy Reform
The Nigerian naira maintained relative stability in the parallel market on Tuesday, trading around ₦1,608–₦1,610 per dollar amid a rebound…
GUTA Hails BoG for Cedi Stability, Signals Renewed Business Confidence-GHANA
The Ghana Union of Traders’ Associations (GUTA) has expressed strong approval of the Bank of Ghana’s management of the forex…
Agriculture, Mining Fuel Investment Boom in Taraba Ahead of Taravest 2025
Taraba State is rapidly becoming a magnet for investment in Nigeria’s North-East, with its rich agricultural base, vast mineral deposits,…
MTN Nigeria Fintech Revenue Soars 58% on Airtime Lending Surge
MTN Nigeria recorded a significant 57.9% year-on-year jump in its fintech revenue, reaching ₦36.1 billion in Q1 2025, largely fueled…
Finance Ministry Refutes N13 Billion Corruption Allegation in CNG Project
The Federal Ministry of Finance has strongly denied allegations of corruption tied to a N13 billion contract related to the…
OpenAI Moves to Acquire AI Coding Startup Windsurf in Landmark $3 Billion Deal
In a strategic move to expand its influence in the AI-powered software development market, OpenAI has entered an agreement to…
Nigerian Business Leaders Share Survival Tactics for Startups Battling Economic Challenges
At a time when economic uncertainty looms large over Nigeria’s startup ecosystem, several industry leaders have come forward with pragmatic…
Naira Strengthens to ₦1,600/$ in Parallel Market Amid Modest FX Gains
The Nigerian naira appreciated to ₦1,600 per U.S. dollar in the parallel market as of Monday, May 6, 2025, marking…
Nigeria’s FX Inflows Dip 5.7% in April Amid Global Trade Tensions, Weak Foreign Investor Sentiment
Nigeria’s foreign exchange market took a hit in April as total FX inflows fell by 5.7% month-on-month, dragged down by…
U.S. Pushes to Break Up Google’s Ad-Tech Monopoly Following Judge’s Ruling
The U.S. Department of Justice has taken a bold step by seeking a breakup of Google’s ad-tech business after a…
Global Markets Steady as Dollar Firms and Asian Currencies Surge Amid Trade Uncertainty
Global markets remained largely flat on Tuesday as investors treaded carefully ahead of Wednesday’s U.S. Federal Reserve policy decision and…
Investors Gain N412bn as NGX Opens Week Strong with Broad-Sector Rally
The Nigerian Exchange (NGX) kicked off the week with solid momentum as investor confidence fueled a 0.62% surge in the…
CBN reforms reshape external sector amid diaspora inflows
Nigeria’s external sector is going through a serious transformation, with the Central Bank’s foreign exchange reforms at the center of…
Tinubu approves plan to attract $122bn power investments
President Bola Tinubu has officially approved a bold new reform initiative for Nigeria’s power sector, signing off on the National…
SEC to Convene Q1 Capital Market Meeting in Lagos to Boost Investor Confidence and Reform Policies
The Securities and Exchange Commission (SEC) has scheduled its first-quarter Capital Market Committee meeting for May 19, 2025. The event…
Trump Cuts $500M from African Development Bank, Deepening Africa’s Financial Strain
The Trump administration’s proposed 2026 budget includes a significant reduction in U.S. support for the African Development Fund (ADF), which…
CBN Spends N315 Billion on Currency Management Amid Cash Crisis in 2024
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising from N77.67…
Dollar Dips Amid Taiwan Currency Surge and Global Revaluation Buzz
The U.S. dollar weakened on Monday following a dramatic surge in the Taiwan dollar, which jumped over 7% in just…
Tariff Turbulence: How Trump’s Trade Moves Are Slowing the Global Economy
President Donald Trump’s tariff policies are beginning to drag significantly on the global economy, disrupting decades of relatively free and…
CBN’s 2024 Turnaround: A Cautious Yet Promising Step Toward Economic Stability
In a decisive break from its turbulent past, the Central Bank of Nigeria (CBN) has posted its 2024 financial results,…
Tinubu Moves to Avert Power Sector Collapse with N4trn GenCo Debt Plan
President Bola Tinubu is taking urgent steps to prevent a potential collapse of Nigeria’s power sector by addressing the staggering…
Petrol Landing Cost Surpasses Dangote Refinery Price, Fuel Importers Struggle with Profit Margins
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre, surpassing…
AfDB Approves $650 Million Annual Commitment for Nigeria’s Economic Growth
The African Development Bank (AfDB) has officially approved a new Country Strategy Paper (CSP) for Nigeria, covering the period from…
SEC Flags TOFRO as Suspected Ponzi Scheme, Warns Nigerians Against Investment
The Securities and Exchange Commission (SEC) has issued a public warning regarding TOFRO.COM (Tofro), an online cryptocurrency trading platform, labeling…
Dangote Rides Tariff Wave, Doubles Down on Urea Exports to U.S.
Aliko Dangote, President of Dangote Industries Limited, has signaled confidence in the face of new U.S. tariffs, announcing plans to…
Mahama Vows Ghana Will Complete IMF Programme On Time Without Extension
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility programme with the International…
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global Economic Headwinds
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary…
FG Launches E-Invoicing Committee to Combat Tax Evasion and Boost Revenue
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to oversee the deployment of a new digital…
NGX Group Returns to Profit Growth as Income and Cost Efficiency Improve
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of…