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Business
Bonds under pressure as stocks tumble amid UK gilt worries and US policy…
Global financial markets faced turbulence as bond yields soared and stocks fell, driven by concerns over rising…
Telecom tariff hike imminent – FG
The Federal Government has announced plans to increase telecommunication tariffs, though not as high as the 100…
Dollar Stable Amid Rising Yields and Hawkish Fed Minutes
The US dollar held steady on Thursday, supported by climbing Treasury yields and the Federal Reserve's hawkish…
European Stocks Dip as UK Retailers and Economic Data Take Center Stage
European stock markets edged lower on Thursday, weighed down by mixed economic data and corporate earnings.…
Asia FX weakens as hawkish Fed boosts dollar; yen rises on BOJ rate hike bets
Asian currencies faced pressure on Thursday as a stronger dollar gained momentum following hawkish Federal Reserve…
Google Expands Efforts to Develop AI Models Simulating the Physical World
Google is embarking on a bold initiative to create generative AI models capable of simulating the physical world,…
Micro Pension Plan Struggles to Gain Traction Despite Policy Efforts
Five years after its launch in 2019, Nigeria’s Micro Pension Plan (MPP) remains underwhelming in its adoption,…
Naira down to N1,655/$ in parallel market
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the…
MTN Nigeria and Transcorp Lead as Nigerian Stock Market Gains N507bn
Investors on the Nigerian Exchange witnessed a significant gain of N507 billion on Wednesday, with market…
French Inflation Slows to 1.8% in December Falling Below Forecasts
According to preliminary data from INSEE, French inflation rose to 1.8% year-on-year in December, falling short of…
Dollar Declines as Markets Weigh Trump’s Tariff Proposals and U.S. Economic…
The U.S. dollar edged close to a one-week low on January 7 as investors assessed the potential impact of…
US Federal Reserve Regulator Resigns Citing Risk of Dispute
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing…
Concessional Borrowing Key to Addressing Nigeria’s Debt Challenges
Nigeria's rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and…
Nigerian Banks Borrow Record N131.42 Trillion From CBN Amid Tight Liquidity
In 2024, Nigerian Deposit Money Banks (DMBs) and merchant banks borrowed an unprecedented N131.42 trillion from…
Microsoft To Invest $3 Billion In India
Microsoft CEO Satya Nadella announced a $3 billion investment aimed at enhancing the company’s artificial…
African Tech Startups Raise $2.2B Despite Challenges
African tech startups, particularly in Nigeria, Kenya, and South Africa, secured $2.2 billion in funding in 2024…
Nigerian Telecom Subscribers Switch Networks in Pursuit of Quality Services
Over 60,000 Nigerian telecom subscribers switched networks between October 2023 and October 2024, according to the…
Foreign inflows soar by 63.7% to $3.82bn in 9 months
Nigeria has witnessed a robust 63.7% growth in foreign inflows through international money transfer operators…
NGX lists Nigerian Breweries’ 20.7bn ordinary shares
Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange…
Mutual Funds Surge to N3.75trn as Start-up Investments Plunge
Nigerian investors have significantly increased their interest in Mutual Funds, with the total Net Asset Value…
Foreign Investors’ Participation in Nigerian Stock Market Declines
Foreign investors' participation in the Nigerian stock market has waned, with outflows surpassing inflows by 12.2%…
Expert forecasts 63% growth in the service sector’s GDP contribution in 2025
Dr. Alban Igwe, a logistics expert and former Vice President of the Chartered Institute of Logistics and…
NGX launches equity-based commodity index, hints on rebalancing
The Nigerian Exchange Limited (NGX) has launched a new Equity-Based Commodity Index aimed at tracking the…
Banks’ Credit to Private Sector Hits N76 Trillion as CBN Tightens Loan-to-Deposit…
In November 2024, credit to the private sector in Nigeria surged by 27.3% year-on-year, reaching N75.96 trillion,…
Germany Launches Online Visa Application Platform for Nigerians and Others
Germany has unveiled a new online visa portal designed to streamline the application process for Nigerians and…
CBN Rules Out Further Naira Devaluation in 2025
The Central Bank of Nigeria (CBN) has reassured the public that it will not devalue the naira further in 2025,…
Pension Sector Thrives Amid 2024 Economic Challenges
The Nigerian pension sector demonstrated resilience in 2024, accumulating assets worth N21.9 trillion and…
Rental income still low at 5% – Stakeholders
Rental income in Nigeria remains low, averaging between 3% and 5%, according to Olufemi Seyi, CEO of Casafina…
Stocks Edge Higher Amid Political and Economic Uncertainty
Global stock markets showed mixed signals on Monday as investors faced a week filled with critical economic data…
Foreign transactions on NGX hit N785bn in 11 months –Report
Foreign transactions on the Nigerian Exchange Limited (NGX) reached N785.28 billion in the first 11 months of…