Inflation Pushes Consumer Credit to N4.42tn in November, CBN Report Shows
Nigeria’s consumer credit outstanding surged by 26.29% in November 2024, reaching a record N4.42 trillion, up from…
FG Advocates for Equitable Visa Policies to Boost Nigeria’s Global Trade Expansion
The Nigerian government is advocating for more relaxed and equitable visa policies to support Nigerian businesses…
Russia Fines Google $41,500 for Hosting YouTube Video on Surrendering Soldiers
A Russian court has imposed a fine of 3.8 million roubles (approximately $41,530) on Alphabet Inc.'s Google for…
China Invites Tech Leaders Including Jack Ma for Meeting with President Xi
As the global trade landscape shifts under the new Trump administration, China is working to reconnect with its…
Understanding cNGN: Nigeria’s Newly Launched Stablecoin
cNGN is Nigeria’s stablecoin, designed to maintain a fixed value for practical uses like payments, remittances,…
CBN: Nigeria’s Economy Expands for Second Month, Led by Industry and Agriculture
Nigeria’s economic expansion continued in January 2025, marking the second consecutive month of positive growth,…
South Korea Plans to Acquire 10,000 GPUs for AI Development
South Korea is ramping up its efforts to stay competitive in the global AI race by announcing plans to secure…
Nigeria’s Cyber Threat Risk Rises as Attacks Surge, Now Ranked 11th in…
Nigeria’s cyber threat risk has significantly increased, with the country now ranked 11th on the Cyber Threat…
Banks and Fintechs in Nigeria Embrace Blockchain to Boost Financial Services
In early January 2025, PalmPay, a fintech platform, announced its integration of blockchain technology to improve…
NGX Sees Significant Surge in Equity Transactions, Reaching N5.59 Trillion in 2024
The Nigerian Exchange Limited (NGX) reported a remarkable surge in equity transactions for 2024, with the total…
Naira Strengthens at Parallel Market, Weakens on Official Exchange Rate
In the past week, the naira exhibited a mixed performance across different segments of the foreign exchange…
Increased Oil Production Key to Tackling Inflation and FX Volatility, Says Agusto…
Agusto & Co., a Pan-African credit rating agency, has stressed the importance of increased crude oil…
Federal Government Launches Construction of Emerging Technologies Institute in…
The Federal Government of Nigeria has officially launched the construction of the Sustainable & Emerging…
Tinubu Earns Praise at AU Summit for Advancing AfCFTA’s Digital Trade…
President Bola Tinubu received widespread recognition for Nigeria’s significant efforts in advancing the African…
Nigeria’s Personal Loans Surge to N3.32tn Amid Rising Inflation, CBN Reports
In November 2024, Nigeria’s personal loan portfolio saw a dramatic increase of 37.76%, rising to N3.32 trillion,…
Nigerian Equity Market Records N1.83tn Gain in One Week
The Nigerian equity market achieved a significant gain of N1.83 trillion last week, with the All-Share Index (ASI)…
UK Economy Shows Unexpected Growth in Q4 2024, But Outlook for 2025 Remains…
The UK economy surprised many by growing 0.1% in the final quarter of 2024, defying expectations of a 0.1%…
Equity Market Soars by N779bn as Nigerian Exchange Hits N67.3tn
On Wednesday, February 13, 2025, the Nigerian equity market experienced a significant surge, with investors…
Modi Brings Tariff Concessions and Strategic Offers to Trump Amid Trade Tensions
Indian Prime Minister Narendra Modi is preparing for an important meeting with U.S. President Donald Trump, where…
Consumer Group Urges Caution on Proposed Electricity Tariff Increase, Citing Power…
A consumer group, the Nigeria Consumer Protection Network (NCPN), has voiced its concerns over the Federal…
Nigerian Stock Market Hits N67 Trillion as VFDGROUP and IKEJAHOTEL Lead Gains
The Nigerian stock market closed on a high note on February 12, 2025, with the All-Share Index (ASI) rising by…
European Stocks Hit Record Highs; Siemens Soars While FTSE 100 Falls
European stock markets continued their upward trajectory on Thursday, buoyed by strong corporate earnings and…
NLC Threatens Nationwide Telecom Shutdown Over 50% Tariff Hike
The Nigeria Labour Congress (NLC) has issued a strong warning to telecommunications companies, demanding an…
Nigeria Aims to Lead Africa’s AI Revolution, Partners with Google for Digital…
President Bola Tinubu has expressed his vision for Nigeria to become the leader in artificial intelligence (AI)…
NEITI and TETFund Partner to Enhance Transparency in Education Tax Remittances in…
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Tertiary Education Trust Fund (TETFund)…
Nigeria Becomes Afreximbank’s Largest Beneficiary with $52 Billion Disbursement
Nigeria has emerged as the largest beneficiary of the African Export-Import Bank (Afreximbank) with a cumulative…
GHS 1.3bn Embezzlement Scandal at NPA Triggers Calls for Petroleum Tax Cuts in…
The recent GHS 1.3 billion embezzlement scandal at the National Petroleum Authority (NPA) has intensified calls…
World Bank Calls for Urgent Fiscal Reforms to Address Ghana’s Debt Crisis
The World Bank has identified a lack of budget discipline as a major factor behind Ghana’s worsening fiscal…
House of Representatives Passes Four Tax Reform Bills for Second Reading
The House of Representatives has passed four significant tax reform bills for second reading, marking an important…
Strengthening Nigeria’s Role in BRICS for Economic Growth and Investment
Nigeria's partnership with BRICS (Brazil, Russia, India, China, and South Africa) is seen as a game-changing…