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Category: Finance

Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply; Industry Faces Major Shakeup
BusinessFinanceLocalMacroeconomic

Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply; Industry Faces Major Shakeup

The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10 percent of the approximately…

byEkeminiJune 4, 2025June 4, 2025
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail Recapitalisation Deadline
BusinessFinanceLocal

3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail Recapitalisation Deadline

The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new recapitalisation…

byEkeminiJune 4, 2025June 4, 2025
Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid Debts
FinanceLocalTechnology

Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid Debts

Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks over alleged misinformation to…

byEkeminiJune 4, 2025June 4, 2025
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
BankingFinanceLocalMacroeconomic

BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana

The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…

byEkeminiJune 3, 2025June 3, 2025
Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank
BusinessFinanceLocal

Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank

Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank, marking the…

byEkeminiJune 3, 2025June 3, 2025
Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor Confidence
FinanceInternationalMacroeconomic

Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor Confidence

Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting investor anxiety over…

byEkeminiJune 3, 2025June 3, 2025
NGX Chief Urges Rethink of Africa’s Growth Model, Calls for Homegrown Capital and Tech-Driven Solutions
FinanceinvestmentLocal

NGX Chief Urges Rethink of Africa’s Growth Model, Calls for Homegrown Capital and Tech-Driven Solutions

Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX Group), has urged African leaders and stakeholders…

byEkeminiJune 3, 2025June 3, 2025
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms
FinanceLocalMacroeconomic

Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms

In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50% against the US dollar.…

byEkeminiJune 3, 2025June 3, 2025
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs
BusinessFinanceinvestmentLocal

CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs

The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization requirements expired today,…

byEkeminiJune 3, 2025June 3, 2025
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
FinanceInternationalLocalMacroeconomic

Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms

Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in the country’s external and…

byEkeminiJune 1, 2025June 3, 2025
BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina
BankingBreakingFinanceLocal

BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina

Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of…

byEkeminiMay 29, 2025May 29, 2025
Ghana Reaffirms Commitment to Fair Debt Talks Under G20 Framework
FinanceLocal

Ghana Reaffirms Commitment to Fair Debt Talks Under G20 Framework

The Government of Ghana has reaffirmed its commitment to equitable and transparent debt restructuring negotiations with its external creditors. According…

byEkeminiMay 29, 2025May 29, 2025
Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax Revenue Slips Away
BusinessFinanceLocal

Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax Revenue Slips Away

Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent across the…

byEkeminiMay 29, 2025May 29, 2025
Nigerian Stock Market Extends Gains, Rises by 0.27%
BusinessFinanceinvestmentLocal

Nigerian Stock Market Extends Gains, Rises by 0.27%

Nigeria’s stock market continued its positive momentum on Wednesday, climbing by 0.27 percent. The uptick was largely driven by increased…

byEkeminiMay 29, 2025May 29, 2025
GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project Financing-GHANA
BusinessFinanceinvestmentLocal

GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project Financing-GHANA

In a move to bolster Ghana’s economic transformation through enhanced international trade and export development, the Ghana Export-Import Bank (GEXIM)…

byEkeminiMay 29, 2025May 29, 2025
SEC Warns Nigerians Against Unregistered Silverkuun Investment Cooperative
FinanceinvestmentLocal

SEC Warns Nigerians Against Unregistered Silverkuun Investment Cooperative

The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against engaging with Silverkuun Investment…

byEkeminiMay 29, 2025May 29, 2025
Japan Unlikely to Dump U.S. Treasuries Amid Lack of Alternatives, Says Ex-BOJ Official
FinanceInternationalinvestment

Japan Unlikely to Dump U.S. Treasuries Amid Lack of Alternatives, Says Ex-BOJ Official

Japan is unlikely to have sold off its substantial U.S. Treasury holdings despite a major sell-off in April, according to…

byEkeminiMay 29, 2025May 29, 2025
AfDB Forecasts 6% Naira Depreciation by 2026 Amid Global Market Volatility
FinanceInternationalinvestment

AfDB Forecasts 6% Naira Depreciation by 2026 Amid Global Market Volatility

The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and…

byEkeminiMay 28, 2025May 28, 2025
CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market
BankingBusinessFinanceLocal

CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market

The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector.…

byEkeminiMay 28, 2025May 28, 2025
Shares Stall Ahead of Nvidia Earnings as US Dollar Climbs on Strong Economic Data
FinanceInternationalStockTechnology

Shares Stall Ahead of Nvidia Earnings as US Dollar Climbs on Strong Economic Data

Global stock markets showed mixed signals on Wednesday as investors grew cautious ahead of Nvidia’s highly anticipated earnings report later…

byEkeminiMay 28, 2025May 28, 2025
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
EnergyFinanceinvestmentLocal

Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana

Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank…

byEkeminiMay 28, 2025May 28, 2025
Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister
FinanceLocalMacroeconomicPolitics

Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister

Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy toward sustainable growth without further…

byEkeminiMay 27, 2025May 27, 2025
Tinubu seeks Reps approval for $21.5bn external loan, N757.9bn bond
FinanceLocalMacroeconomic

Tinubu seeks Reps approval for $21.5bn external loan, N757.9bn bond

President Bola Tinubu has formally requested the Nigerian House of Representatives to approve a comprehensive borrowing plan totaling over $21.5…

byEkeminiMay 27, 2025May 27, 2025
CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector
BusinessFinanceLocal

CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector

The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored for non-interest financial institutions.…

byEkeminiMay 27, 2025May 27, 2025
Local Investors Dominate N2.7 Trillion Stock Deals in First Four Months of 2025
FinanceinvestmentLocal

Local Investors Dominate N2.7 Trillion Stock Deals in First Four Months of 2025

In the first four months of 2025, stock transactions on the Nigerian Exchange (NGX) totaled N2.714 trillion, a significant increase…

byEkeminiMay 27, 2025May 27, 2025
South Korean Stocks Lead Asia’s Gains as Trump Delays EU Tariffs; China, Hong Kong Struggle
FinanceInternationalinvestment

South Korean Stocks Lead Asia’s Gains as Trump Delays EU Tariffs; China, Hong Kong Struggle

South Korean stocks surged over 2% on Monday, outpacing other Asia-Pacific markets, following U.S. President Donald Trump’s decision to postpone…

byEkeminiMay 26, 2025May 26, 2025
Trump Postpones EU Tariffs, Markets Rally as Trade Talks Resume
FinanceInternationalMacroeconomicStock

Trump Postpones EU Tariffs, Markets Rally as Trade Talks Resume

U.S. President Donald Trump has delayed the imposition of threatened 50% tariffs on European Union imports until July 9, giving…

byEkeminiMay 26, 2025May 26, 2025
NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance
FinanceinvestmentLocal

NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance

The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3 per cent…

byEkeminiMay 26, 2025May 26, 2025
CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains
FinanceInvestingLocal

CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains

In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion, surpassing…

byEkeminiMay 23, 2025May 23, 2025
UK 3.5% inflation surge deepens financial pressure on Nigerians abroad
FinanceInternationalMacroeconomic

UK 3.5% inflation surge deepens financial pressure on Nigerians abroad

Nigerians living in the United Kingdom are facing renewed financial challenges following a sharp rise in UK inflation, which jumped…

byEkeminiMay 22, 2025May 22, 2025

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