Cost-push factors driving Nigeria’s inflation – Survey
Nigeria’s inflation crisis is being primarily driven by supply-side cost pressures rather than excess demand,…
GSM Technology Dominates Nigerian Internet Market with Over 141 Million Active…
The Nigerian Communications Commission (NCC) reports that active internet subscribers in Nigeria reached nearly…
Oando Surge Lifts NGX Market Cap to N71 Trillion Amid Strong Investor Sentiment
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to…
Oil Dips Over 1% as Surging U.S. Fuel Stocks Overshadow Crude Draw and Demand…
Oil prices fell by just over 1% on Wednesday following the release of U.S. government data revealing a sharp and…
Naira Hits Two-Month High at N1,565.46/$ as CBN Reforms Steady FX Market
The naira surged to a two-month high on Wednesday, trading at N1,565.46 per US dollar in the official foreign…
Firms Blame Soaring Energy and Transport Costs for Nigeria’s Persistent Inflation…
The Central Bank of Nigeria (CBN) has revealed that a vast majority of Nigerian firms cite high energy costs as…
Wall Street Edges Up as Tech Gains Offset Economic and Tariff Concerns
U.S. stock markets saw modest gains on Wednesday, buoyed by strength in technology shares despite a slew of…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling…
Ghana's annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s…
Cedi to Stay Strong as Gold Earnings Boost Reserves – Finance Minister Assures…
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the national currency, the Cedi, will remain…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary…
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward…
Musk Slams Trump’s “Abomination” Spending Bill, Sparks GOP Rift
Billionaire entrepreneur Elon Musk has fiercely criticized a sweeping tax and spending bill championed by…
Experts Warn: Without Governance, AI Could Become Africa’s Greatest Risk
At the 2025 Africa’s Beacon of ICT Merit & Leadership Award (ABoICT) held in Lagos, leading tech experts…
Nigerian Stock Market Gains N259bn on Back of Broad Investor Confidence
The Nigerian stock market continued its upward momentum as it added N259 billion in value due to renewed investor…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply;…
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10…
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail…
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new…
Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid…
Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks…
Brookfield to Invest Nearly $10 Billion in Swedish AI Data Centre, Creating…
Brookfield Asset Management, a major Canadian investment firm, has announced plans to invest up to 95 billion…
NGX Market Capitalisation Surges Past ₦120trn as Foreign Investment Floods In
The Nigerian Exchange (NGX) has reached a new milestone, with its combined market capitalisation of debt,…
Qwant Files Antitrust Complaint Against Microsoft Over Bing Practices
French search engine Qwant has filed a complaint with France's antitrust authority, accusing Microsoft of…
Stock Market Rebounds with N260bn Boost as Demand for Dangote Cement, Others Rises
The Nigerian stock market saw a notable rebound on Tuesday, ending the previous session's profit-taking trend.…
50% crude output now produced by local firms – Report
Nigeria’s oil and gas industry is undergoing a major transformation, with indigenous companies now responsible for…
Tariff Hikes Trigger Sharp Decline in Internet Usage and Subscribers in Nigeria
Internet data consumption in Nigeria fell sharply by 17,647 terabytes from January to April 2025, following a 50%…
U.S. Labor Market Shows Signs of Softening Amid Tariff Uncertainty
The U.S. labor market is exhibiting signs of easing as job openings rose modestly in April, but layoffs…
Nigerian Stock Market Hits N70.89 Trillion as Investor Confidence Drives Gains
The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259…
BoG Governor Sets Bold Target to Slash Lending Rates Below 10% Within Four…
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced a bold plan to reduce Ghana's average…
NCC Mandates Airtime Billing for USSD Transactions to Resolve Bank-Telco Dispute
The Nigerian Communications Commission (NCC) has issued a new directive instructing Deposit Money Banks to begin…
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…
BREAKING: APC wins all 23 Benue LG election petitions at Appeal Tribunal
The Appeal Panel on Local Government Election Petitions for Benue State, sitting at the NBA House in Abuja, has…
AI ‘Vibe Coding’ Startups Surge Amid High Valuations and Big Tech Pressure
In the rapidly evolving landscape of artificial intelligence, code generation startups—dubbed “vibe coding” firms,…
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…