Amazon Commits $20 Billion to Pennsylvania Data Centres in Major AI and Cloud Push
Amazon has announced a landmark investment of at least $20 billion in Pennsylvania to expand its data centre…
Nigerian Marketers Strike Global Deal to Cut Petrol Price to N700/Litre Amid…
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce…
Tinubu stabilising Nigeria’s economy…he deserves encouragement – Fayose
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import…
Nigeria's foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62%…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for…
Naira Holds Firm Below N1,600 as Market Optimism Grows Despite Global Dollar…
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday…
Meta Bets Big on Scale AI with Historic $10 Billion Investment
Meta Platforms Inc. is preparing to invest more than $10 billion in Scale AI, a move that marks its most…
Dangote Promises Major Overhaul of Nigeria’s Oil Sector Following Tinubu’s…
Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s…
US-China Trade Talks Enter Day Two Amid Tension Over Tech and Tariffs
Trade negotiations between the United States and China resumed in London for a second day, with both sides aiming…
Ghana Urges AGOA Renewal as U.S. Tariffs Threaten African Exports
Ghana’s Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has called for the urgent renewal…
U.S. and China Resume High-Stakes Trade Talks in London Amid Rare Earths Dispute
U.S. and Chinese officials reconvened in London on Tuesday for a second day of trade talks, with global markets…
Morgan Stanley Markets $5 Billion xAI Debt Amid Musk-Trump Fallout
Morgan Stanley is marketing a $5 billion debt package for xAI, the artificial intelligence startup owned by Elon…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at…
Nigerian Equities Market Adds N1.81trn in Four-Day Rally, ASI Rises 2.57%
The Nigerian equities market delivered a strong performance during the holiday-shortened week ending June 5, 2025,…
Nigerian Businesses Cautious Amid Optimism as Interest Rate Hike Looms — CBN…
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across…
Depot Price War: Six Operators Slash Petrol Rates as Competition Heats Up
Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of…
Oando deepens upstream investment with $375m financing deal
Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has…
Dollar Edges Up Amid Weak U.S. Data; Euro Holds Steady Before ECB Decision
The U.S. dollar showed modest gains on Wednesday, recovering from earlier losses caused by disappointing economic…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…
GH¢1 Fuel Levy Sparks Concern Over Economic Recovery Amid Calls for Strategic…
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its…
Nigeria’s health budget too low to address challenges — Bill Gates
US billionaire and Gates Foundation Chair Bill Gates has expressed deep concern over Nigeria’s insufficient health…
JPMorgan Embraces Bitcoin with New Lending Options as Standard Chartered Warns of…
Bitcoin’s futures market shows promising bullish signals despite a recent cooling in price, trading just below…
Fitch Forecasts Growth for Nigeria’s Islamic Finance and Sukuk Market Despite…
Fitch Ratings projects notable growth for Nigeria’s Islamic finance sector from the second half of 2025 through…
Statisense Launches “Immortal AI” to Revolutionize Africa’s Data…
Statisense, Nigeria’s leading data intelligence firm, has unveiled Immortal AI, a transformative platform aimed at…
JPMorgan Embraces Crypto ETFs as Loan Collateral Amid Institutional Shift
JPMorgan Chase & Co., the largest bank in the United States, has announced it will now allow clients to use…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants…
Trump Administration Renegotiates Biden-Era Semiconductor Grants to Boost Value…
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under…
Treasury Yields Stabilize After Sharp Drop on Weak U.S. Economic Data
U.S. Treasury yields steadied on Thursday following steep declines on Wednesday triggered by a series of…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight…
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open…