Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash –…
Despite the Bank of Ghana's (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst…
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS),…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism —…
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery,…
Nigerian Stock Market Hits Record High as NGX Gains 5.07%, Adds ₦4.32 Trillion in…
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The…
US Tariff Hike Prompts Nigerian Insurance Sector to Strengthen Risk Management…
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15%…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote…
Africa Creative Market 2025 to Drive Export Growth and Global Investment
The Africa Creative Market (ACM) has announced that its 2025 edition will be centered on expanding Africa’s…
FG’s Forex Windfall Plummets 73% in H1 2025 Amid Exchange Rate Realignment
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025,…
Farmers Reject Anchor Borrowers’ Scheme as CBN Ends Intervention Efforts
The Anchor Borrowers’ Programmer (ABP), introduced by the Central Bank of Nigeria (CBN) in 2015 to boost…
Banks Flood CBN with N79.8 Trillion in Deposits Amid Surging Liquidity and Tight…
Banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 783.7% year-on-year to N79.8 trillion in the…
Meta to Invest $72 Billion in 2025 Amid AI Infrastructure Boom
Meta Platforms Inc. announced it will increase its capital expenditure to as much as $72 billion in 2025, driven…
Africa’s Fintech Sector Dominates Startup Funding with $640 Million in H1 2025
Africa’s fintech industry reclaimed its position as the continent’s leading startup funding recipient in the first…
Trump Raises Nigerian Import Tariffs to 15% Amid Escalating Trade Disputes
U.S. President Donald Trump signed an executive order on July 31 increasing tariffs on Nigerian imports from 14 to…
FCMB Group Reports ₦79.3 Billion Profit Before Tax in H1 2025
FCMB Group Plc posted a profit before tax (PBT) of ₦79.3 billion for the first half of 2025, representing a 23%…
EU Signals Tighter Scrutiny on Big Tech “Acquihire” Deals to Preserve Competition
The European Commission is ramping up scrutiny on Big Tech’s “acquihire” practices where companies hire start-ups’…
Asian Markets Brace for Sharp Decline as US Tariffs Escalate Trade Tensions
Asian shares are on track for their worst weekly drop since April following the US government's decision to impose…
Forex Access Challenges Persist Despite Cedi Gains — Ghana Importers and Exporters…
The Importers and Exporters Association of Ghana has expressed serious concern over ongoing difficulties in…
Ghana, UK Renew Commitment to Stronger Trade Ties Under Partnership Agreement
Ghana is accelerating preparations to fully implement the Ghana–UK Trade Partnership Agreement (TPA) following key…
Naira Ends July Slightly Weaker at ₦1,533.55/$ Despite Signs of Stability
The Nigerian naira closed July 2025 at ₦1,533.55 to the US dollar in the official market, slipping by 0.25% from…
NGX Wraps Up Bullish July with N12.62tn Surge, All-Time Highs Set Ahead of…
The Nigerian Exchange (NGX) ended July 2025 on a powerful bullish streak, with market capitalization surging by a…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and…
As part of the "Cedi@60" commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana…
Bank of Ghana Slashes Interest Rate to 25% as Inflation Drops, Sparking Price…
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel…
Microsoft Commits Record $30 Billion to AI and Cloud Growth in Q3 2025
Microsoft has announced a historic $30 billion capital expenditure for Q3 2025, marking its largest quarterly…
Nigeria Eurobond Yields Hit 3-Year Low as Investor Confidence Surges on Economic…
Nigeria’s Eurobond yields are nearing their lowest levels in three years, a development driven by strong investor…
Economist Cautions BoG’s Aggressive Rate Cut Amid Fragile Recovery-Ghana
The Bank of Ghana (BoG) has come under scrutiny after announcing a significant 300 basis point cut in its policy…
Asian Markets Fall on Weak China Data, Strong Yen; Global Tariffs and BOJ Outlook…
Asian stocks declined on Thursday, weighed down by disappointing Chinese economic data and a sharp drop in copper…
OpenAI Reaches $12 Billion in Annualized Revenue Amid Rising User Base and…
OpenAI, the creator of ChatGPT, has seen a major revenue surge in 2025, reaching an estimated $12 billion in…