NGX Group Sees 157.3% Surge in Profit, Reaches Record N13.6 Billion for 2024
NGX Group has reported a significant profit before tax (PBT) of N13.6 billion for the year ending 31 December…
Bitcoin Rallies Over 20% After Trump Announces Strategic Crypto Reserve
Bitcoin surged over 20% from last week’s lows after U.S. President Donald Trump announced plans to include…
CBN Enhances Financial Oversight to Strengthen Compliance with Global Banking…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reinforcing the nation's financial sector by…
South Africa Fines Google R500 Million and Investigates Tech Giants Over…
South Africa's Competition Commission has launched an investigation into major tech companies, including Google,…
Strategies for Staying Authentically Informed in the Digital Age
Staying informed as a citizen in the digital age has become increasingly complex due to the abundance of…
Google Launches Free AI Coding Assistant for Nigerian Developers
Google has launched a new AI-powered coding assistant called Gemini Code Assist, offering a free version to…
Elumelu Pledges Support for Gabon’s Infrastructure Development and Youth…
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) and founder of the Tony Elumelu Foundation (TEF),…
Banking Sector Outperforms with 7.76% YtD Gain as Recapitalisation Efforts Gain…
In 2025, the Nigerian banking sector has emerged as a standout performer on the Nigerian Exchange Limited (NGX),…
Exchange Rate and Inflation: Fixing the fundamentals first
In many developing economies, exchange rate fluctuations serve as the main driver of inflation. In Nigeria, the…
India’s Trade Minister Piyush Goyal Heads to the U.S. for Crucial Trade Talks Amid…
India's trade minister, Piyush Goyal, embarked on a trip to the United States on Monday for urgent trade talks,…
Nigerian Stock Market Suffers N421bn Loss Amid Bearish Trends
The Nigerian Exchange experienced a significant downturn last week, with the market losing N421bn. The All-Share…
Naira Ends February Strong, Defying Pressure with Gains in Parallel Market
The Nigerian naira ended February 2025 with notable fluctuations in its performance across both the parallel and…
CBN Halts Interest Rate Hikes Amid Inflation Slowdown and Naira Strengthening
In a notable shift from its aggressive tightening policies, the Central Bank of Nigeria (CBN) has paused its…
Capital Market Key to Nigeria’s Economic Stability, Says Shettima
Vice President Kashim Shettima has highlighted the crucial role of Nigeria’s capital market in ensuring economic…
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…