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Category: Local

AI to Boost Farm Yields and Reduce Losses in Nigeria – Experts Highlight Potential of Multimodal Technology
AgricultureLocalTechnology

AI to Boost Farm Yields and Reduce Losses in Nigeria – Experts Highlight Potential of Multimodal Technology

Artificial Intelligence (AI) has the potential to significantly transform Nigeria’s agricultural sector by increasing crop yields and minimizing losses, according…

byEkeminiMay 19, 2025May 19, 2025
Tinubu Approves Key Licenses for Kolmani Oil Project to Boost Northern Nigeria’s Energy Sector
EnergyLocalMacroeconomic

Tinubu Approves Key Licenses for Kolmani Oil Project to Boost Northern Nigeria’s Energy Sector

President Bola Tinubu has approved the issuance of crucial regulatory licenses for the Kolmani Integrated Development Project, a major oil…

byEkeminiMay 19, 2025May 19, 2025
BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom, computes N14 billion as settlement 
BusinessFinanceLocal

BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom, computes N14 billion as settlement 

Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and Sagecom Concepts Limited. The…

byEkeminiMay 19, 2025May 19, 2025
DAPPMAN Urges Full Access to Dangote Refinery as NNPCL Refineries Struggle to Produce Petrol
EnergyLocalMacroeconomic

DAPPMAN Urges Full Access to Dangote Refinery as NNPCL Refineries Struggle to Produce Petrol

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members are currently unable to source…

byEkeminiMay 19, 2025May 19, 2025
Tech Entrepreneurs Champion Digital Inclusion on Global Accessibility Awareness Day
BusinessLocalTechnology

Tech Entrepreneurs Champion Digital Inclusion on Global Accessibility Awareness Day

As part of the global observance of Global Accessibility Awareness Day (GAAD), tech entrepreneurs and industry leaders have reaffirmed their…

byEkeminiMay 19, 2025May 19, 2025
Naira Shows Marginal Gains as Exchange Rate Gap Widens, Inflation Eases Slightly
LocalMacroeconomic

Naira Shows Marginal Gains as Exchange Rate Gap Widens, Inflation Eases Slightly

The Nigerian naira ended the week with a slight appreciation against the U.S. dollar, closing at ₦1,599.01/$1 in the official…

byEkeminiMay 19, 2025May 19, 2025
Shell Reports 122% Surge in Oil Spills in Nigeria for 2024, Blaming Equipment Failures and Crude Theft
EnergyLocal

Shell Reports 122% Surge in Oil Spills in Nigeria for 2024, Blaming Equipment Failures and Crude Theft

Shell Plc has reported a staggering 122% increase in oil spill incidents in Nigeria in 2024, compared to the previous…

byEkeminiMay 19, 2025May 19, 2025
FX Market on Edge as BDCs Scramble to Meet CBN’s Recapitalisation Deadline
BusinessLocalMacroeconomic

FX Market on Edge as BDCs Scramble to Meet CBN’s Recapitalisation Deadline

The Nigerian foreign exchange market is witnessing growing tension as Bureau De Change (BDC) operators rush to meet the Central…

byEkeminiMay 19, 2025May 19, 2025
Afetsi Awoonor Honoured with Millennium Excellence Award for Energy Leadership and Social Impact-Ghana
EnergyLocal

Afetsi Awoonor Honoured with Millennium Excellence Award for Energy Leadership and Social Impact-Ghana

Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has been awarded the prestigious Millennium…

byEkeminiMay 19, 2025May 19, 2025
Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus
BusinessFinanceLocal

Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus

Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as…

byEkeminiMay 19, 2025May 19, 2025
Kaduna Targets Foreign Investment to Tackle Illegal Mining and Drive Green Growth
BusinessLocalMacroeconomic

Kaduna Targets Foreign Investment to Tackle Illegal Mining and Drive Green Growth

Kaduna State is actively seeking foreign investment to transform its solid minerals sector, combat illegal mining, and generate jobs. At…

byEkeminiMay 19, 2025May 19, 2025
Dyna.Ai Launches in Nigeria to Revolutionize Financial Services with AI Innovations
BusinessLocalTechnology

Dyna.Ai Launches in Nigeria to Revolutionize Financial Services with AI Innovations

Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially launched its operations in Nigeria with a high-profile event…

byEkeminiMay 19, 2025May 19, 2025
Telcos plan virtual network operators summit
BusinessLocalTechnology

Telcos plan virtual network operators summit

Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host MVNO Nigeria 2025: Unlocking…

byayotilewaMay 19, 2025May 19, 2025
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
FinanceLocalMacroeconomic

CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift

The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in 2024, primarily…

byEkeminiMay 19, 2025May 19, 2025
Nigeria’s Inflation Rate Eases to 23.7% in April – NBS Report Shows Slight Relief
BusinessLocalMacroeconomic

Nigeria’s Inflation Rate Eases to 23.7% in April – NBS Report Shows Slight Relief

In a new report released by the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate dropped slightly to 23.71%…

byEkeminiMay 15, 2025May 15, 2025
Naira Gains Ground Against Dollar as Forex Liquidity Improves
BusinessFinanceLocal

Naira Gains Ground Against Dollar as Forex Liquidity Improves

The Naira continued its recent upward momentum on Wednesday, closing at ₦1,596.70 per US dollar in the official foreign exchange…

byEkeminiMay 15, 2025May 15, 2025
Bank of Ghana Governor Calls for Continental Coordination to Boost Digital Finance and Trade in Africa
LocalMacroeconomicTechnology

Bank of Ghana Governor Calls for Continental Coordination to Boost Digital Finance and Trade in Africa

Dr. Johnson Asiama, Governor of the Bank of Ghana, has stressed the importance of scaling digital assets and payment solutions…

byEkeminiMay 15, 2025May 15, 2025
BoG to Restrict Over-the-Counter Dollar Withdrawals as Cedi Strengthens-Ghana
FinanceLocalMacroeconomic

BoG to Restrict Over-the-Counter Dollar Withdrawals as Cedi Strengthens-Ghana

Ghana’s central bank is stepping up its efforts to protect the cedi’s recent gains by targeting over-the-counter US dollar withdrawals.…

byEkeminiMay 15, 2025May 15, 2025
Federal Gov’t Unveils $500m Climate Investment Platform, Targeting Sustainable Infrastructure, Economic Growth
BusinessLocalMacroeconomic

Federal Gov’t Unveils $500m Climate Investment Platform, Targeting Sustainable Infrastructure, Economic Growth

The Nigerian government has launched the Nigerian Climate Investment Platform (NCIP), a pioneering initiative aimed at mobilizing up to $500…

byEkeminiMay 15, 2025May 15, 2025
U.S.-Iran Deal Impact Weighs on Nigerian Crude, Obodo Oil Debuts Amid Global Market Shifts
EnergyinvestmentLocal

U.S.-Iran Deal Impact Weighs on Nigerian Crude, Obodo Oil Debuts Amid Global Market Shifts

Nigerian crude oil is facing mounting pressure in the global market due to potential negotiations between Iran and the United…

byEkeminiMay 15, 2025May 15, 2025
Digital Lending Surge in Nigeria: 425 Licensed Lenders Amid Concerns Over Indebtedness
LocalMacroeconomicTechnology

Digital Lending Surge in Nigeria: 425 Licensed Lenders Amid Concerns Over Indebtedness

The number of licensed digital lending companies in Nigeria has surged to 425 as of May 2025, a significant increase…

byEkeminiMay 15, 2025May 15, 2025
Overcoming Challenges in Africa’s Migration Fintech Ecosystem: A Strategic Approach
BusinessLocalTechnology

Overcoming Challenges in Africa’s Migration Fintech Ecosystem: A Strategic Approach

The migration fintech sector in Africa holds vast potential but faces significant challenges due to varying regulations, infrastructure limitations, and…

byEkeminiMay 15, 2025May 15, 2025
Nigerian Stock Market Sees 0.27% Gain with NNFM, Champion Breweries, and Others Leading the Rally
FinanceLocalMarket

Nigerian Stock Market Sees 0.27% Gain with NNFM, Champion Breweries, and Others Leading the Rally

The Nigerian stock market continued its positive momentum on Wednesday, as the All-Share Index (ASI) increased by 0.27%, pushing the…

byEkeminiMay 15, 2025May 15, 2025
Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting ESG Reporting
FinanceLocal

Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting ESG Reporting

Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing international sustainability standards in capital…

byEkeminiMay 15, 2025May 15, 2025
Tinubu Making Courageous Decisions To Fix Nigeria’s Economy – VP Shettima
LocalMacroeconomicPolitics

Tinubu Making Courageous Decisions To Fix Nigeria’s Economy – VP Shettima

Vice President Kashim Shettima praised President Bola Ahmed Tinubu for making courageous and transformative decisions aimed at revitalizing Nigeria’s economy.…

byEkeminiMay 15, 2025May 15, 2025
Foreign Investors Withdraw N420bn from Nigerian Stock Market Amid Economic Instability
investmentLocalMacroeconomic

Foreign Investors Withdraw N420bn from Nigerian Stock Market Amid Economic Instability

In the first quarter of 2025, foreign investors pulled out a massive N420.37 billion from the Nigerian Stock Exchange (NGX),…

byEkeminiMay 15, 2025May 15, 2025
FCMB Rewards 116 Customers in Millionaire Promo Season 10
BankingLocal

FCMB Rewards 116 Customers in Millionaire Promo Season 10

In a heartwarming display of customer appreciation, First City Monument Bank (FCMB) has once again rewarded loyal customers through its…

byEkeminiMay 15, 2025May 15, 2025
GUTA President Urges Urgent VAT Reform to Cut Business Costs Ahead of 2025 Budget-GHANA
BusinessLocalMacroeconomic

GUTA President Urges Urgent VAT Reform to Cut Business Costs Ahead of 2025 Budget-GHANA

As someone following Ghana’s business climate closely, I found it striking that the President of the Ghana Union of Traders…

byEkeminiMay 15, 2025May 15, 2025
World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings
BusinessEnergyLocalMacroeconomic

World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings

The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half…

byEkeminiMay 15, 2025May 15, 2025
Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe
BusinessEnergyLocal

Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe

The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West…

byEkeminiMay 15, 2025May 15, 2025

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