Equity market posts N930bn loss
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking…
34.8% inflation rate triggers fears of rising prices, hardship
Nigeria's inflation rate surged to 34.80% in December 2024, a marginal increase from November's 34.60%, according…
FCMB appoints executive director
First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its new Executive Director of…
Nigeria’s Inflation Hits 34.80% Dampening Hopes for Rate Cut
Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the…
Nine Nigerian Banks Face USSD Disconnection Over N160 Billion Debt
Telecommunication companies in Nigeria, under the directive of the Nigerian Communications Commission (NCC), will…
Prolong NBS Website Hack Sparks Inflation Data Uncertainty
The National Bureau of Statistics (NBS) in Nigeria continues to grapple with the fallout of a cyberattack that has…
Telecom tariff hike: Huge financial burden on Nigerians
The recent announcement of telecom tariff hikes in Nigeria has sparked concerns among citizens already burdened by…
Crypto ETFs Face Innovation Potential in 2025 but Anticipate Weaker Demand
As the cryptocurrency exchange-traded fund (ETF) market enters 2025, it holds significant opportunities for…
ECB Looks to Services Prices to Meet Inflation Target Says Chief Economist
Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according…
UK Business Confidence Falls to Two-Year Low Amid Tax Concerns
British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns…
Sophos MDR Achieves 26000 Customers Amid Rising Demand for Advanced Security…
Sophos Managed Detection and Response (MDR) has reached a major milestone, now serving over 26,000 organizations…
Data Challenges Hinder Progress of Micro Pension Plan
A pension expert, Michael Oyebola, has highlighted several data-related issues affecting the effectiveness of the…
MTN Nigeria Becomes First to Achieve Compliance Certification in Telecom Industry
MTN Nigeria has achieved a groundbreaking milestone by becoming the first Nigerian organization and the first…
TikTok Prepares for Potential U.S. Shutdown on Sunday
TikTok is gearing up to shut off access to its app for U.S. users on Sunday, pending the Supreme Court's decision…
Naira fall takes $310bn toll on economy
Nigeria's economy has suffered a $310 billion loss in GDP over the past decade, driven by naira devaluation, low…
Bitcoin, dollar assets top investments to watch
As Nigerians evaluate investment options for 2025, experts highlight key opportunities in dollar savings, Nigerian…
CBN fines 9 banks N1.35bn for failing to dispense cash via ATMs
The Central Bank of Nigeria (CBN) has fined nine banks N1.35 billion for failing to ensure cash availability…
Stanbic IBTC Pension Managers reintroduces self-service channels
Stanbic IBTC Pension Managers has announced the reintroduction of its self-service channels, aimed at enhancing…
Nigerian Reforms and Rising Demand to Drive Africa’s 4.2% GDP Growth in 2025
The Brookings Institution has forecasted a 4.2% growth in Africa’s GDP for 2025, an improvement from 2023's 3.1%,…
Japanese Investors Sell Foreign Assets for Third Consecutive Month in December
Japanese investors continued to offload foreign assets for the third month in a row in December, responding to…
Strategies to push top companies into adopting AI in 2025
A new report by PwC forecasts a significant increase in AI adoption among leading companies in 2025, as…
Telcos, ICT firms owe banks N1.69trn as tariff hike looms
Telecommunications and ICT companies in Nigeria owed banks N1.69 trillion as of September 2024, reflecting a…
FG Confident in Achieving N36.35 Trillion Revenue Target for 2025
The federal government is optimistic about meeting its ambitious N36.35 trillion revenue target for 2025, thanks…
FG unveils Digital Trade Desk to boost Nigerian startup funding to $5bn
The Nigerian government has introduced a new initiative called the Digital Trade Desk, aimed at accelerating…
Apple and Samsung Face Decline in Smartphone Shipments Amid Rising Chinese…
Smartphone shipments for Apple and Samsung both declined in the fourth quarter of 2024, according to preliminary…
US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline
Two Democratic lawmakers have urged Congress and President Joe Biden to extend the Jan. 19 deadline for ByteDance,…
India’s HCLTech tumbles nearly 10% after Q3 revenue miss
HCLTech, India's third-largest software services provider, saw its shares tumble nearly 10% on January 14, marking…
EU Reevaluates Big Tech Investigations Under Digital Markets Act
The European Commission is reassessing ongoing investigations into Apple, Google, and Meta under the Digital…
US Tightens AI Chip Export Controls Amid Backlash from Tech Industry
The United States is introducing stricter regulations on the export of advanced AI chips and related technology to…
Stock Price of FBN Holdings Crashes by 5.63%
The stock price of FBN Holdings Plc fell by 5.63% on the Nigerian Exchange Limited (NGX), closing at ₦28.50 per…