Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion.…
Category: Business
NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus
The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53%…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to…
Sanwo-Olu to inaugurate Rack Centre LGS2 Data Centre April 10
On April 10, 2025, the Governor of Lagos State, Babajide Sanwo-Olu, will officially inaugurate the LGS2 Data Centre, a state-of-the-art…
CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion
The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of…
Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US
US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of…
Crypto Market Crashes as Trump’s Tariffs on China Trigger Financial Chaos
The cryptocurrency market has been hit hard following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin…
IMF Warns of Increased Funding Requests from Africa Amid U.S. Tariff Fallout
The International Monetary Fund (IMF) is bracing for an influx of funding requests from African nations, as the economic consequences…
US Tariff Hits Ghana’s Cocoa, Textiles, and Agriculture Sectors
Ghanaian exporters are facing significant challenges due to the United States’ recent decision to impose a 10% tariff on imports,…
ETI, Calbank, and Total Drive GSE’s Strong Performance in Q1 2025-GHANA
The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the…
Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline
US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect on Wednesday,…
Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss
Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss and gained N100.45…
AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and…
Bullish Momentum in Nigerian Fixed-Income Market to Slow in Q2 2025 Amid Global Trade Shifts
The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by factors such as inflation…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused…
Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy Conference
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August 12 to 14.…
CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are…
Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand
Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar at the official…
Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets
Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President Donald Trump’s fresh tariff…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…
Akwa Ibom Government Disburses N335 Million to Empower Oron Farmers and Entrepreneurs
The Akwa Ibom State Government has allocated a total of N335 million in grants to farmers, traders, and entrepreneurs in…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that ongoing U.S. tariffs…
Microsoft Joint Venture Wicresoft to Halt China Operations and Lay Off 2,000 Staff Amid Tensions
Microsoft’s joint venture in China, Wicresoft, will halt its operations in the country starting Tuesday, according to a report by…
China Assures U.S. Companies of Protection Amid Ongoing Trade Tensions
China’s Vice Commerce Minister, Ling Ji, reassured U.S. companies, including prominent names like Tesla and GE Healthcare, that the Chinese…
Nigerian Breweries Reinforces Sustainability Commitment
Nigerian Breweries Plc has reaffirmed its dedication to sustainability under its “Brew a Better World” (BaBw) agenda, which focuses on…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to…