Net Foreign Exchange Inflows Surge by 44% to $41.89 Billion in 2024
The net foreign exchange inflows into Nigeria's economy increased by 44.8% year-on-year, reaching $41.89 billion…
Foreign Investment Outflow Hits N20.19bn in January, Threatening Market Stability
In January 2025, Nigeria’s stock market faced a significant challenge with a net foreign investment outflow of…
ECOWAS Workshop Reinforces Regional Energy Data Integration
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to enhancing regional energy…
Q4 2024 GDP Report Reveals Economic Weaknesses and Imbalance – Expert Analysis
The recently released Q4 2024 GDP figures from the National Bureau of Statistics (NBS) indicate a…
ICT Contributes 17.7% to Nigeria’s GDP, Telecom Sector Leads Growth
In a recent report from the National Bureau of Statistics (NBS), the Information and Communications Technology…
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025
Nigeria is set to receive a $2.2 billion loan from the World Bank in 2025, aimed at supporting six major…
Interswitch Pushes for AI Integration in Africa’s Workforce and Economy
Interswitch, a leading integrated payments and digital commerce company in Africa, is emphasizing the critical…
U.S. and Euro Zone Inflation Divergence Reaches Three-Year High Amid Economic…
Traders are betting on the sharpest inflation divergence between the U.S. and the euro zone in three years, driven…
NESG Calls for AI Adoption in Nigerian Town Planning to Boost Productivity
The Chairman of the Nigeria Economic Summit Group (NESG), Olaniyi Yusuf, has emphasized the need for the…
Concerns Mount as Naira Strengthens Amid Decline in Forex Reserves
The Nigerian naira has shown notable improvement recently, gaining strength due to foreign exchange reforms…
Dollar Strengthens Amid Trade War Uncertainty; Nvidia Results Lack Impact on…
The U.S. dollar gained strength on Thursday as Treasury yields rebounded, following mixed signals from the U.S.…
GPHA Warns Ghana Could Lose Port Business to Lomé, Abidjan
The Ghana Ports and Harbours Authority (GPHA) has raised concerns over the potential loss of port business to…
US Stock Futures Surge as Trump’s Tax Cut Plans Advance
U.S. stock futures saw a significant rebound on Wednesday following House Republicans' progress on Donald Trump’s…
Finance and Insurance Sectors Drive Nigeria’s GDP Growth in 2024
In 2024, Nigeria’s finance and insurance sectors played a significant role in boosting the country’s real GDP…
Ghana and Rwanda Sign MoU to Enhance Cross-Border Fintech Operations
Ghana and Rwanda have taken a significant step towards financial innovation by signing a Memorandum of…
Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per…
Global Markets Tread Carefully Amid Rising Tensions and Economic Concerns
Global stock markets showed cautious gains as investors weighed the potential for economic slowdown in the U.S.…
SEC Shortens Capital Market Approval Time to 14 Days
The Securities and Exchange Commission (SEC) has significantly reduced the approval time for companies looking to…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN)…
LCCI Calls for Monetary Policy to Address Real Economic Pressures, Not Just…
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the…
Nigeria and Kazakhstan to Strengthen Cooperation in Agriculture, Trade, and…
Nigeria and Kazakhstan are preparing to sign a Memorandum of Understanding (MOU) to enhance bilateral relations,…
Experts Predict Strong Q4 GDP Growth in Nigeria but Full Year May Fall Short
Nigeria's economy is projected to see a strong Q4 2024 GDP growth, surpassing the 3.46% recorded in Q3 2024.…
Strong Demand for Bank of Ghana Treasury Bills as Rising Interest Rates Influence…
The Bank of Ghana's latest treasury bills auction, held on February 21, 2025, revealed strong demand for…
Ghana’s Informal Sector: Major Employment Source, but Low Productivity and…
Ghana's informal sector plays a vital role in the economy, employing nearly 80% of the workforce. However, it…
Securing Africa’s Digital Future: Addressing Cybersecurity Challenges in the…
As Africa rapidly embraces technological advancements and digital transformation, the continent faces significant…
Tinubu Vows Support for Fintech Growth in Nigeria
President Bola Tinubu has pledged his administration's commitment to supporting the growth of the financial…
Stock Market Experiences N231bn Loss as Bearish Trends Persist
The Nigerian stock market started the week on a negative note, with significant losses amounting to N231 billion.…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro,…
Chegg Files Lawsuit Against Google, Claims AI Overviews Harm Publishers’…
A lawsuit filed by U.S. education technology company Chegg accuses Google of using its artificial intelligence…
Young Nigerians Positioned to Drive AI Growth for Economic Prosperity
Victor Benjamin, the West/South-South Director for Young Professionals for Tinubu, has emphasized that young…