President Trump has introduced steep new tariffs of up to 245% on Chinese imports, intensifying the trade war and targeting Beijing’s export curbs on vital tech materials.
CBEX lured Nigerians with promises of fast returns powered by AI, but by April 2025, it all came crashing down. From Telegram hype to vanishing funds, this is the story of how a tech-wrapped Ponzi scheme fooled many—and why financial education is more crucial than ever.
Nigeria’s top corporates—including MTN, Dangote, Nestlé, and BUA—lost a staggering N2.17 trillion to forex pressures in 2024, as naira devaluation redefined bottom-line performance across key sectors.
Central Bank of Nigeria (CBN) has attributed the $2.57 billion drop in FX reserves during Q1 2025 to foreign debt servicing. Despite the decline, the bank projects a recovery in the coming months.
Investor interest in FGN bonds stayed high despite a decline in offer volumes, with total subscriptions reaching N2.83 trillion in Q1 2025. The government's cautious borrowing strategy reflects efforts to manage debt amid rising interest rates.
Côte d’Ivoire’s push for universal clean water access gets a major boost with a $156M financing deal secured by Deutsche Bank. The investment will fund critical infrastructure projects, bringing safe drinking water to millions.
Zap Africa, a crypto exchange, has accused Paystack of infringing on its trademarked brand name “Zap.” With legal action looming, this dispute underscores the growing tensions in fintech branding.
Twelve promising South African startups have been selected for the Injini Mastercard Foundation EdTech Fellowship, an initiative designed to provide funding, mentorship, and market access to scale impactful educational solutions.
Hip-hop mogul Sean 'Diddy' Combs has pleaded not guilty to a fresh indictment alleging he pressured employees into assisting his alleged sex trafficking scheme. The indictment also accuses him of enforcing control through threats and forced labor. His trial is scheduled for May 5.
Lagos has cemented its position as one of Africa’s top economic hubs, with its GDP reaching $259 billion in 2023. The state experienced significant growth in early 2024 and aims for further expansion in 2025. Despite its booming economy, challenges such as high inflation and revenue mobilization need to be addressed for sustained growth.