AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and…
As part of the "Cedi@60" commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana…
Bank of Ghana Slashes Interest Rate to 25% as Inflation Drops, Sparking Price…
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel…
Microsoft Commits Record $30 Billion to AI and Cloud Growth in Q3 2025
Microsoft has announced a historic $30 billion capital expenditure for Q3 2025, marking its largest quarterly…
Nigeria Eurobond Yields Hit 3-Year Low as Investor Confidence Surges on Economic…
Nigeria’s Eurobond yields are nearing their lowest levels in three years, a development driven by strong investor…
Economist Cautions BoG’s Aggressive Rate Cut Amid Fragile Recovery-Ghana
The Bank of Ghana (BoG) has come under scrutiny after announcing a significant 300 basis point cut in its policy…
Asian Markets Fall on Weak China Data, Strong Yen; Global Tariffs and BOJ Outlook…
Asian stocks declined on Thursday, weighed down by disappointing Chinese economic data and a sharp drop in copper…
OpenAI Reaches $12 Billion in Annualized Revenue Amid Rising User Base and…
OpenAI, the creator of ChatGPT, has seen a major revenue surge in 2025, reaching an estimated $12 billion in…
Tinubu’s $1 Trillion Economic Goal Hinges on Support for Local Industry —…
President Bola Tinubu’s vision to transform Nigeria into a $1 trillion economy by 2030 has been described as bold…
Trump Tariffs Shake Indian Markets, Threaten Growth Outlook
Indian financial markets faced turbulence on Thursday after U.S. President Donald Trump imposed unexpectedly steep…
NAICOM Restricts Use of AI, Blockchain in High-Risk Insurance Products
The National Insurance Commission (NAICOM) has introduced new regulatory guidelines that limit the role of…
Naira Slightly Weakens Amid Summer Dollar Demand Surge, But Outlook Remains Stable
The naira experienced a minor depreciation across both official and parallel foreign exchange markets on…
Dangote Sugar, Berger Paints, others push NGX-ASI above 139,000 points
Nigeria’s equities market extended its bullish run on Wednesday, July 30, 2025, as the Nigerian Exchange All-Share…
Nigeria’s Pension Assets Surge to N24.63 Trillion in June 2025 Amid Strong…
Nigeria’s pension fund assets reached a historic N24.63 trillion in June 2025, representing a 2.17% increase from…
Global Markets on Edge as Trump’s Tariff Blitz Shakes Trade and Commodities
Markets are navigating a high-stakes week filled with major corporate earnings, economic data, and central bank…
Microsoft and Meta Stocks Soar on Strong AI-Driven Earnings | Tech Shares Lead…
Tech giants Microsoft and Meta Platforms saw their shares surge in European trading on Thursday following…
CBN Holds Interest Rates to Tame Inflation Amid Global Uncertainty
Amid global economic turbulence and persistent inflation, the Central Bank of Nigeria (CBN) has decided to…
Tinubu’s Economic Reforms Cut Northern States’ Debt by 42%, Boost Revenue — FG
The Federal Government has announced a 42.06% drop in the domestic debt of Northern states, attributing the fiscal…
FX Liquidity Boost: Nigerian Banks Resume Naira Payments for Foreign School Fees…
Nigerian banks have resumed accepting naira card payments for international tuition fees and medical bills,…
ECB Warns China-U.S. Trade Rift Could Lower Euro Zone Inflation Below Target
A European Central Bank (ECB) blog post has warned that if China diverts its exports away from the United States…
Fintech Dominates Africa’s Startup Funding in H1 2025, Securing 45% Share
Africa’s fintech sector asserted its dominance once again in the first half of 2025, capturing 45% of all…
Yahoo Mail introduces $1.99/month 100GB plan
Yahoo Mail has announced a significant change to its storage policy, reducing the free email storage allowance…
Naira Strengthens Amid Forex Oversupply and Security Clampdown — CBN Policies,…
Currency traders have cited a significant oversupply of dollars in the Nigerian forex market, combined with the…
Nigeria’s Industrial Sector Shrinks Despite GDP Growth: MAN Urges Manufacturing…
Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in Q1 2025, according to the National Bureau of Statistics…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for…
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital…
Investor Confidence and High Yields Drive N4.67 Trillion in FGN Bond Subscriptions…
In the first seven months of 2025, the Federal Government of Nigeria (FGN) bonds drew an impressive N4.67 trillion…
Federal Reserve Holds Steady on Rates as Internal Divisions and Political Pressure…
The Federal Reserve is expected to maintain current interest rates following its meeting this week, echoing the…
Google to Sign EU’s Voluntary AI Code Despite Concerns Over Innovation Risks
Alphabet-owned Google has agreed to sign the European Union’s new voluntary AI Code of Practice, a framework aimed…