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…
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…
Nigeria’s Money Supply Hits N119 Trillion as CBN Pauses Rate Hikes Amid…
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, marking a 22.9% increase from…
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…
Tinubu Highlights $8 Billion Oil Investment, 400% Rig Surge in Two-Year Economic…
President Bola Tinubu has marked his two years in office by emphasizing the significant strides his administration…
Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax…
Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent…
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…
Cedi Soars, Easing Ghana’s Debt Burden and Boosting Economic Outlook
Ghana’s currency, the cedi, has stunned markets with a dramatic 42% gain against the US dollar since January,…
Tinubu Hails Economic Reforms as Debt Service Drops, State Revenues Surge to N6…
In a speech marking his second year in office, President Bola Tinubu highlighted significant economic gains…
US Expands Export Controls on Chip Design Software and Key Chemicals to China
The United States has imposed new export restrictions requiring companies to obtain licenses before shipping…
DeepSeek’s R1 Update Signals China’s Growing Challenge to U.S. AI…
Chinese AI startup DeepSeek has quietly rolled out an updated version of its R1 reasoning model, dubbed R1-0528,…
GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project…
In a move to bolster Ghana's economic transformation through enhanced international trade and export development,…
AfDB Warns of $39.84 Billion Drop in Africa’s Foreign Funding by 2025 Amid Global…
The African Development Bank (AfDB) has projected a significant drop of $39.84 billion in foreign funding to…
Nigeria’s Public Debt Could Surge to N800,000 Per Citizen Amid New $21.5 Billion…
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5…
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…
Nigerian Exchange Surges by N187 Billion as Investor Confidence Drives Market…
The Nigerian Exchange (NGX) continued its positive streak on Wednesday, gaining N187 billion in market…
Rising Power Demand Drives Urgent Calls for Grid Upgrades and Efficiency Reforms…
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according…
U.S. Court Blocks Trump’s Tariffs, Boosting Global Markets and Dollar
Asian stock markets and U.S. futures surged following a ruling by the Manhattan-based Court of International Trade…
Japan Unlikely to Dump U.S. Treasuries Amid Lack of Alternatives, Says Ex-BOJ…
Japan is unlikely to have sold off its substantial U.S. Treasury holdings despite a major sell-off in April,…
FG Launches Digital Village to Bridge Nigeria’s Connectivity Gap
The Federal Government of Nigeria has launched a digital village pilot project in Ibwa 2, Gwagwalada, FCT, to…
Forex Market Reforms Restore Investor Confidence in Nigerian Economy
The liberalisation of Nigeria’s foreign exchange (forex) market has restored investor confidence and stabilised…
Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import…
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa…
U.S. Banks Step Cautiously into Crypto Amid Regulatory Shifts
Major U.S. banks are beginning to explore opportunities in the cryptocurrency space, but are doing so cautiously…
FX Reforms Spark Surge in Investor Confidence as Daily Turnover Hits $500m
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover…
FG Launches Presidential Committee to Spearhead Nigeria’s Digital Infrastructure…
In a major push toward digital transformation, the Federal Government of Nigeria has inaugurated a Presidential…
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…
Stakeholders Call for Greater Investment and Support to Boost Nigeria’s Tech…
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit…
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points,…
Apple Blocks Over $2 Billion in App Store Fraud in 2024 Amid Rising Cyber Threats
Apple has disclosed that it thwarted over $2 billion in fraudulent transactions on its App Store in 2024,…
Wear It All Luxury Launches Glamorous Abuja Boutique with Star-Studded Event
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded…