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Elon Musk Makes $97.4 Billion Bid for OpenAI, Rejected by CEO Sam Altman
Elon Musk, the world's richest person, made a bold bid of $97.4 billion to gain control of OpenAI, the…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to…
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that…
African Startups Raise $289M in January 2025, Marking a Strong Funding Rebound
In January 2025, African startups raised an impressive $289 million, representing a 240% increase compared to the…
Paris AI Summit Calls for Balanced Approach to Regulation as Global Leaders Gather
World leaders and technology executives gathered in Paris for the AI Action Summit on February 10-11, 2025, to…
FBN Holdings Reports 154% Surge in Net Interest Income Due to Rate Hike
FBN Holdings experienced a significant 154.5% rise in its net interest income for the year 2024, largely due to…
Trump says tariffs coming on steel and aluminium
President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminium entering the United…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone…
CBN Unveils New Inflation Targeting Framework to Tackle Economic Challenges
The Central Bank of Nigeria (CBN) has initiated a new phase in combating inflation, implementing an inflation…
Baxter: Nigeria-UK Trade Now £7.5bn, Bilateral Trade Priority for Both Countries
The trade volume between Nigeria and the United Kingdom has soared to £7.5 billion, as revealed by Jonny Baxter,…
Imported Inflation: Nigeria’s Struggle for Price Stability
Muhammad Abdullahi, a member of Nigeria's Central Bank Monetary Policy Committee (MPC), highlighted the challenges…
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until…
Naira Rebound: Investors favour 364-day bonds, Treasury Bills
As the Nigerian naira strengthens, there has been a surge in demand for long-term fixed-income instruments.…
The Future of Borrowing; Fintech’s Challenge to Traditional Banks
In 2021, Joe Michael turned to his bank for a personal loan but was discouraged by the extensive documentation and…
FCCPC Floors MTN As Court Upholds Its Regulatory Authority In Telecommunications…
The Federal Competition and Consumer Protection Commission (FCCPC) achieved a significant legal win against MTN…
Fintech Surge: Nigerians Shift to Digital Payments as Banks Struggle with Outages
In 2024, fintech companies like Opay and PalmPay saw significant growth as they became the go-to alternatives for…
Nigeria’s data privacy breaches surge amid regulatory pressure
Nigeria is experiencing a significant rise in data privacy breaches despite increased regulatory oversight by the…
Nigerian Manufacturers Face N666bn Cost Surge Amid Inflation and Economic…
In 2024, the cost of sales for 10 major manufacturing and consumer goods companies in Nigeria surged to N665.95bn,…
Equity market gains N884bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index climbing by 1.38% to…
IBM Shifts African Operations to MIBB, Exiting Key Markets in Nigeria and Ghana
IBM, the American tech giant, is reportedly set to exit Nigeria, Ghana, and other significant African markets.…
Nigeria’s GDP Growth May Fall to 0.8% in 2025, Warns Rand Merchant Bank
Nigeria's economic growth could significantly slow down in 2025, with projections suggesting a possible dip to…
Excessive govt spending undermining monetary policy – MPC member
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Murtala Sagagi, has raised…
UAC Nigeria Reports 109% Profit Growth in 2024, Driven by Strategic Market…
UAC Nigeria PLC, a diversified holding company, reported impressive financial results for the year 2024, showing a…
Bulls persist at NGX as equities investors earn N332.2bn
The Nigerian stock market maintained a positive trajectory, as the All-Share Index (ASI) gained 0.51%, closing at…
Mahama Nominates Thomas Nyarko Ampem as Deputy Finance Minister-GHANA
In a significant move to strengthen the country’s economic management, President John Dramani Mahama has nominated…
FG plans new national shipping line
The Nigerian Ministry of Marine and Blue Economy has launched a strategic initiative to establish a national flag…
TTP Integrates CBN’s NXP System with Ètò Electronic Call-Up to Streamline…
Trucks Transit Parks Ltd (TTP) has announced the successful integration of the Central Bank of Nigeria’s (CBN)…
FG must bolster domestic industries to achieve $1trn economy –NESG
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to prioritize the support of local…
Edun Highlights Nigeria’s Economic Growth to Investors, Turkish Delegation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s…