J.P. Morgan has advised investors to reduce exposure to Nigerian assets, citing increased macroeconomic risks from falling oil prices and global trade tensions. The bank’s latest report warns of currency pressure and potential capital flight if conditions worsen.
Gold has surged to an all-time high of $3,200 per ounce as investors rush to safe-haven assets amid escalating U.S.-China trade tensions. Meanwhile, Bitcoin is making headlines too, rising 16% over the past year. Could this be the new normal for global markets?
AfriLabs has received a generous $150,000 donation from the Airbnb Community Fund. The funding will help strengthen Africa’s innovation ecosystem by supporting tech hubs and entrepreneurs across the continent.
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.
Discover how Microsoft’s Copilot AI just got smarter with 10 powerful new features. From writing and coding to task management, here’s what’s new.
After two earlier attempts, Henri Ousmane Gueye finally wins big at the 2024 Africa’s Business Heroes Prize Competition, taking home $300K for EyOne, his groundbreaking health-tech company making waves in Senegal’s healthcare sector.
Five West African startups have received £500K in grants through TRANSFORM West Africa to scale circular and sustainable solutions, with Nigeria in the spotlight.
FAC secures €2 million from IFC to expand its dairy and juice production in Cameroon. The partnership will support food security, job creation, and small business growth in the agribusiness sector.
Lagos Chamber of Commerce and Industry (LCCI) has called for transparency in the disbursement of the $500 million World Bank loan to ensure it benefits small businesses and vulnerable communities. The chamber also stresses the need for long-term economic reforms to reduce Nigeria’s reliance on external borrowing.
Literacy is not a luxury; it is a necessity. It fuels imagination, drives innovation, and empowers every child—regardless of zip code—to shape their destiny. Through a community-driven writing initiative, young scholars in Baltimore are finding their voices and defining their futures.