nigeria

DeepSeek claims its R1 outperforms OpenAI’s latest model despite costing a fraction of the price the U.S. AI lab charges for its large language models. 

AI Wars: What’s Africa’s fate beyond U.S.-China row?

Nigeria aims to attract $15 billion in private investments to help bridge a $23 billion funding gap in the power sector. 

How can Nigeria secure $15bn investment to revive power sector?

Resolving the high interest rate to deposit spread in Nigeria requires coordinated and balanced approach that involves both monetary and fiscal policy measures. 

How Nigeria can resolve its high interest rate spreads 

Oil traders expect OPEC+ to stick with its current supply plan at a review meeting next week despite pressure from U.S. President Donald Trump to bring down crude prices. 

Will OPEC+ stick with supply plan next week?

Joining CNBC Africa to break it all down is Samuel Aladegbaye, Investment Research Analyst at Zedcrest Wealth.

Zedcrest projects $11bn market size for Nigeria's telecoms sector by 2029 

Data from Central Bank of Nigeria allocated $1.87 billion for food imports in the first nine months of 2024 representing a 14 per cent rise. 

How can Nigeria cut its food import bill near-term?

The Economic Community of West Africa States has announced the formal exit of junta-led states Mali, Burkina Faso and Niger from the bloc following their withdrawal last year. 

ECOWAS announces formal exit of Niger, Mali & Burkina Faso

The Global Head of Insurance at Texel Group, Simon Bessant, says deeper collaboration between development finance institutions, insurance companies, export credit agencies and the public sector are key to scale capital mobilization. 

Scaling private capital mobilisation into Africa

Nigeria’s first bond auction for 2025 witnessed significant demand from local investors as the government raised over 600 billion naira as investors priced bonds at higher rates across the 5-year, 7-year and 10-year maturities.

Nigeria raises ₦606bn in bond auction

The Federal Open Market Committee is set to announce its next interest rate decision on Wednesday, amid demands by US President Donald Trump for a rate cut.  

Will global rate cut improve capital flows to Africa?

The Bank of Ghana’s Monetary Policy Committee left its monetary policy rate unchanged at 27 per cent. 

How long will Bank of Ghana continue to hold rates at 27%?

PWC projects a GDP growth of 3.3 per cent for Nigeria , driven by finance, ICT, and mining, while inflation is expected to moderate from 34.8 per cent to around 26 per cent by year-end.

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