Experts Urge Investment in AI to Bridge Educational Gaps in Underserved African Communities
At the 4th World Education Day Conference (WEDC25), experts called for increased investment in Artificial Intelligence (AI) to help address…
Category: Business
Nigeria to partner Switzerland for economic collaboration – Akpabio
Nigeria’s Senate President, Godswill Akpabio, has advocated for a stronger economic partnership with Switzerland, facilitated by the European Free Trade…
CBN Waives 2025 License Renewal Fee for BDC Operators
In a bid to ease financial pressures on Bureau De Change (BDC) operators, the Central Bank of Nigeria (CBN) has…
Currency Markets Roiled by Tariffs and AI Uncertainty
Global currency markets experienced sharp volatility as new U.S. tariff threats and concerns over artificial intelligence (AI) dominance shook investor…
SAP sees higher operating profit, cloud revenue growth in 2025
SAP, Europe’s largest software company, has raised its 2025 financial outlook, citing strong growth in cloud computing revenue. The company…
SEC to intensify monitoring of capital market operators – Agama
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to stricter monitoring of capital market operators to ensure compliance…
LCCI Urges Telecom Operators, Regulator to Improve Service Quality Amid Tariff Hike
The Lagos Chamber of Commerce and Industry (LCCI) has urged telecom operators and regulators to enhance service quality, especially as…
USSD debt: NCC, telcos rule out deadline extension for banks
The Nigerian Communications Commission (NCC) and telecommunications companies have refused to extend the deadline for banks to clear their Unstructured…
Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by…
Tinubu Arrives Dar Es Salaam to Attend African Leaders Energy Summit
President Bola Tinubu arrived in Dar es Salaam, Tanzania, on Sunday to participate in the Mission 300 Africa Energy Summit,…
CFG Report: Banks Charge High Lending Rates to Compensate for High Regulatory Reserve Requirements, Levies, Taxes
A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of holding…
Tax: UBA Hosts Knowledge Series for SMEs, Business Owners
United Bank for Africa (UBA) Plc is organizing a special Knowledge Series webinar to educate Small and Medium Enterprises (SMEs)…
SEC Warns Against Investing in Risevest and Stecs Cooperative Societies
The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against engaging with Risevest (Victoria Island)…
Inflation, poverty rate dip Nigeria-China trade to $20b in 2024
In 2024, trade volume between Nigeria and China fell to approximately $20 billion, a decline from the $22.6 billion recorded…
PenCom releases additional N22bn for pension’s settlement
The National Pension Commission (PenCom) announced that the Office of the Accountant General of the Federation (OAGF) has released an…
Telcos await NCC guidelines on 50% tariff hike
Telecommunications operators in Nigeria are awaiting guidelines from the Nigerian Communications Commission (NCC) to implement a controversial 50% tariff hike.…
Asian stocks drop after Trump’s huge tariff threats
Asian stock markets fell on Monday following Donald Trump’s announcement of steep tariffs on Colombian goods in response to the…
Trump policies may weigh on foreign inflows, naira stability
Analysts warn that President Donald Trump’s economic policies, including a strong dollar and increased oil production, could destabilize Nigeria’s currency…
Trump: Nigeria, other emerging markets at risk of capital flight –JP Morgan
JP Morgan has warned that emerging markets, including Nigeria, face significant capital outflows due to global financial conditions and policies…
MTN, Transcorp Power Drive Stock Market Gains
The Nigerian stock market ended the week on a strong note, largely driven by increased demand for MTN Nigeria shares…
Forex spending on foreign education, health defy naira depreciation
Despite the sharp depreciation of the naira, Nigerians increased their spending on foreign education and healthcare by 26% in the…
Equity market gains N794bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index rising by 1.22% to 103,598.30 points and…
Telecom regulators hail Nigeria’s spectrum management initiatives
Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a model for regional growth…
Inflation rebasing drives N2.49trn T-bills oversubscription, expectations of rate cut
Nigeria’s one-year Treasury bill auction was oversubscribed by N2.49 trillion as investors rushed to lock in current yields ahead of…
UK borrowing jumps in December as debt interest climbs
In December 2024, the UK government reported a larger-than-expected budget deficit of 17.8 billion pounds, significantly higher than the forecasted…
Trump unveils multi billion dollar investment to fund AI infrastructure
President Donald Trump announced a groundbreaking partnership with major tech companies, including OpenAI, Oracle, and Softbank, to establish a joint…
Tech titans top the world’s most valuable brands league in 2025
Tech giants continued their dominance in global brand value rankings, with Apple, Microsoft, and Google taking the top spots. According…
Stanbic IBTC Allocates 27% of Rights Issue Proceeds to Support SMEs and Commercial Banking
Stanbic IBTC Holdings Plc has unveiled plans to invest 27% of the N148.71 billion raised from its ongoing rights issue…
Indonesia Set to Lift iPhone 16 Ban After Deal with Apple
Indonesia is reportedly close to reaching a deal with Apple to lift the ban on iPhone 16 sales in the…
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Blackstone is preparing to sell its stake in Hotel Investment Partners (HIP), a Spanish-based hotel management company valued at 6.5…