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Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market…
Nigeria’s ISP Market Shrinks as Economic Crunch Drives Consumers to Mobile…
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users…
Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate…
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
More networks, less value: Irony of Nigeria’s telecom landscape
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications…
Apple Considers Anthropic and OpenAI to Reinvent Siri with Advanced AI Integration
Apple is in advanced talks with leading artificial intelligence firms Anthropic and OpenAI to potentially…
Nigeria’s Business Activity Hits 7-Month Low Amid Reforms and Inflation Struggles
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months,…
Asian Stocks Dip as Trump Tariff Deadline Looms and Fed Rate Cut Outlook Uncertain
Asian stock markets faltered on Wednesday as global investors navigated a complex mix of looming U.S. tariff…
Currency in Circulation Hits N5.01 Trillion in May as Cash Outside Banks Grows to…
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in…
Interswitch’s New Campaign Showcases Fintech’s Human Impact Across Africa
Interswitch, a leading digital payments and commerce company in Africa, has launched a new Masterbrand campaign…
Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite…
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per…
Intel CEO Considers Pivot from Costly 18A Chips to Focus on Promising 14A…
Intel’s new CEO, Lip-Bu Tan, is considering a major shift in the company’s chip manufacturing strategy by…
Ghanaians Face Price Surge as GRA Implements New Tax Measures
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting…
Nigeria’s Economy Grows 3.7% in First Half of 2025 Amid Oil Boost and Business…
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC…
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective…
Dangote Refinery Slashes Petrol Price to N840 Amid Global Oil Drop, Plans…
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40…
OpenAI Denies Plans to Use Google’s AI Chips at Scale Amid Industry Speculation
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following…
Smartcomply Launches Partner Programme to Strengthen Africa’s Cybersecurity…
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply…
Elon Musk’s xAI Secures $10 Billion in Debt and Equity Funding to Boost AI…
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax…
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Investors Gain N5.49 Trillion in June as Consumer Goods, Insurance, and Banking…
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in…
Bitget Launches Institutional Crypto Services to Empower Nigeria’s Fintech…
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in…
Nigeria’s External Reserves Drop $3.5bn in Six Months Despite Naira Stability
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883…
Nigerian Stock Market Closes June with N11bn Loss Amid Profit-Taking and Mixed…
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion on the…
216 Chinese Investors Target Nigeria’s Key Sectors After Landmark Nigeria-China…
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in…
US-Africa Business Summit Generates $2.5 Billion in Trade Deals, Strengthening…
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid…
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in…
Nigerian Stock Market Soars, Adds N1.43 Trillion in One Week
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value…