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Nigeria’s Private Sector Growth Slows in June as Output Weakens, But Business Optimism Reaches Two-Year High

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Nigeria’s private sector witnessed a slight deceleration in growth in June 2025, with the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) falling to 51.6 from 52.7 in May.

The latest figure marks the slowest expansion in seven months and continues a downward trend that began after the PMI peaked in March. Despite the loss of momentum, the business outlook has strengthened, with confidence among firms hitting its highest point since August 2022.

The June PMI reading, though above the neutral 50.0 threshold that separates expansion from contraction, highlights a cautious mood in Nigeria’s private sector as firms grapple with mixed signals in the economic environment. While demand remains solid and inflationary pressures have softened, challenges in manufacturing, logistics, and infrastructure continue to weigh on overall activity.

Manufacturing Weakness Pulls Down Output Growth

The most significant contributor to the slowdown in overall output came from a sharp drop in manufacturing activity, which contracted notably after showing signs of resilience earlier in the year. Although other sectors such as services and construction continued to grow, the pace of expansion in these areas also slowed in June.

Stanbic IBTC’s Head of Equity Research for West Africa, Muyiwa Oni, noted that “the pace of expansion has slowed for the third consecutive month after peaking in March,” reflecting increasing caution among Nigerian businesses. The June PMI score of 51.6 sits below the 2025 average of 53.1, confirming that the economy is still growing but at a reduced pace.

New Business and Orders Remain Positive but Easing

While output growth softened, new business continued to expand across sectors, albeit at a slower rate. This suggests demand remains present in the economy, though the intensity of that demand has moderated. Firms that reported higher activity pointed to customer acquisitions and successful marketing strategies, but also noted that lingering economic uncertainty has caused some clients to delay spending or scale down purchases.

Amid the cooling pace of activity, businesses are growing more optimistic about the months ahead. The report showed that the future output index—a measure of business expectations—jumped to 83.9 in June from 70.9 in May. This is the highest level of optimism recorded since August 2022.

Respondents linked their optimism to expectations of better access to financing, operational expansion, and improved consumer demand. Several firms said they were planning to ramp up investment and introduce new product lines or services in anticipation of better economic conditions.

Inflation Pressures Continue to Ease

Inflationary pressures, which had dominated economic headlines throughout 2024, showed further signs of easing. Although prices remain elevated by historical standards, June marked the second consecutive month of slower price increases.

Cost inflation for businesses, particularly in raw materials and logistics, has moderated due to more stable exchange rates and improvements in supply chains. While manufacturers still reported sharp rises in input and output prices compared to other sectors, the pace of increase was the slowest seen in over two years.

For consumers, this trend may offer some relief, especially after a year of skyrocketing prices that eroded purchasing power and triggered widespread public discontent. Firms across sectors said they were adjusting to the new cost landscape by streamlining operations and seeking cheaper suppliers to maintain margins without passing too much cost onto customers.

Employment Holds Steady, Purchasing Slows

Employment levels were largely stable in June, with companies maintaining their workforce after a slight reduction in May. Most businesses attributed the decision to stabilize hiring to a cautious outlook and a desire to manage costs while demand conditions remained uncertain.

Purchasing activity, however, mirrored the broader slowdown in output. Although businesses continued to acquire inputs and stockpile in anticipation of future growth, the pace of purchasing slowed significantly. Respondents cited concerns about subdued new orders and the need to manage inventory carefully in an environment where cash flow remains a concern.

Persistent Challenges: Backlogs, Logistics, and Supply Disruptions

Backlogs of work increased for the third month in a row in June, as companies struggled with uncompleted orders. Businesses reported that material shortages, erratic power supply, delayed customer payments, and inefficiencies in the transport network were major causes of delays in completing projects or delivering goods.

Some firms also flagged persistent logistical bottlenecks as a key impediment. Road infrastructure issues and supplier delivery delays were frequently mentioned, contributing to the slow pace of work clearance.

In contrast to earlier months where supplier delivery times had improved, June recorded no significant change in delivery efficiency. This marks a pause in the progress that had been seen since March 2023 in shortening lead times, with businesses noting that they were again grappling with unpredictability in input arrival schedules.

Outlook: Growth Still on Track but Fragile

While June’s PMI data indicates that Nigeria’s private sector is still in positive territory, the underlying fragility of that growth cannot be overlooked. A weakening manufacturing sector, persistent power issues, and uncertain demand could weigh heavily in the coming months if not addressed.

However, the marked jump in business confidence offers a promising counterbalance. If expectations of improved financing and macroeconomic stability materialize, businesses may accelerate hiring, investment, and output in the second half of 2025.

Analysts believe the economy’s ability to maintain positive momentum will hinge on how quickly structural issues—particularly around infrastructure, energy, and financing—can be resolved.

Huawei Open-Sources Pangu AI Models to Bolster Global Reach, Following DeepSeek’s Strategic Blueprint

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Huawei has open-sourced two of its artificial intelligence models under its Pangu series, marking a significant step in the Chinese tech giant’s bid to strengthen its global AI footprint.

The company also released some of its model reasoning technology, in a move experts say is central to Huawei’s wider plan to build out its AI ecosystem and accelerate international adoption of its products.

The announcement, made Monday, reflects an intensifying open-source drive within China’s AI industry—one that has gained momentum since DeepSeek set the precedent with the release of its DeepSeek-V2 and DeepSeek-Coder models earlier this year. The strategy is seen as a way for China’s top AI firms to work around U.S.-led chip export restrictions and geopolitical barriers while courting global developers and institutions.

Huawei said its open-source initiative supports the broader “Ascend ecosystem strategy,” designed to encourage the use of its AI models and chips in “thousands of industries.” Pangu, which had previously been applied to weather prediction, pharmaceuticals, and logistics, is now being positioned as a scalable foundation model that global partners can deploy, tweak, and integrate across critical sectors.

The move comes as the company, still under heavy U.S. sanctions, accelerates its pivot from a hardware-focused telecoms firm into a vertically integrated AI powerhouse. Analysts say Huawei is now targeting every layer of the AI value chain—from chips to data centers, to open-source software and model deployment.

With American chipmaker Nvidia barred from exporting its most advanced AI chips to China, Huawei’s Ascend chip series has become Beijing’s best hope for a domestic AI accelerator platform. The coupling of Pangu’s open-source code with Ascend chips is meant to drive demand for Huawei’s broader AI infrastructure, similar to the way Google has aligned its open-source Gemma models with its custom Tensor Processing Units (TPUs).

“Huawei is not as strong as companies like DeepSeek and Baidu at the overall software level – but it doesn’t need to be,” said Marc Einstein, research director at Counterpoint Research.

“Its objective is to ultimately use open source products to drive hardware sales, which is a completely different model from others. It also collaborates with DeepSeek, Baidu and others and will continue to do so,” he added.

DeepSeek Set the Precedent

Huawei’s open-source push builds directly on the path carved by DeepSeek, a rival Chinese AI company that has taken the global community by storm with its free and modifiable language models. DeepSeek’s decision to release its models under liberal licenses has helped it break through internationally, particularly in regions where high licensing costs or Western export restrictions have made U.S. models less viable.

Experts say DeepSeek’s success provided Huawei with a roadmap: leverage open access to build market share, gather global user feedback to improve models, and use that momentum to drive hardware and infrastructure adoption.

Pangu being available in an open-source manner allows developers and businesses to test the models and customize them for their needs, said Lian Jye Su, chief analyst at Omdia.

“The move is expected to incentivize the use of other Huawei products,” he added.

Other Chinese AI companies have adopted the strategy. Baidu has announced a decision to make its Ernie generative AI large language model open source.

Huawei appears to be taking that strategy further by targeting vertical AI applications, rather than general-purpose chatbots. Pangu models are optimized for high-stakes, high-volume tasks such as pharmaceutical simulations, financial modeling, and industrial process management—areas where transparency, customizability, and infrastructure control matter more than broad conversational capabilities.

Global Push, Local Advantage

Huawei’s announcement invited developers, researchers, and corporate partners around the world to experiment with the new open-source models. While this may be a gesture of outreach to the global open-source community, it is also a calculated geopolitical move. By distributing its models freely, Huawei sidesteps Western control over cloud infrastructure and model licensing while giving emerging markets access to advanced AI without the costs associated with American platforms.

“Open-source strategy will resonate well in developing countries where enterprises are more price-sensitive, just like Huawei’s other telecom products have,” Einstein noted.

This could help Huawei replicate the success it had with its 5G infrastructure, which gained wide adoption in Asia, Africa, and parts of the Middle East despite ongoing U.S. resistance.

This outreach is paired with the company’s effort to bring its AI data center solutions to new international markets. Countries across Southeast Asia, Africa, and Latin America—long-time clients of Huawei’s telecom division—are being targeted as key partners in the next phase of the company’s global expansion.

However, the true strength of Huawei’s open-source approach lies in its vertically integrated strategy. Unlike many AI companies that license their models through API access alone, Huawei offers an entire stack: Ascend chips, hardware accelerators, development platforms, data storage, and now the model code itself.

This integration allows the company to control the performance pipeline from silicon to application—enabling it to outperform rivals in sectors like energy management, healthcare diagnostics, and logistics optimization. Analysts say that while Huawei may lag in large-scale chatbot development compared to Baidu or DeepSeek, it is staking a leadership claim in applied, enterprise AI.

It’s a model that mirrors Google’s playbook which offers free models to promote internal chip and cloud adoption. The idea is to create lock-in not through control, but through comprehensive utility.

BJMining Cloud Mining – Locking in Steady Profits for Users in the Rising Wave of Dogecoin (DOGE)

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In the recent recovery of the cryptocurrency market, Dogecoin (DOGE) has once again stepped into the spotlight. According to CoinMarketCap data, DOGE has rebounded from $0.122 in mid-June to $0.129, an increase of nearly 6%, with a 24-hour trading volume of over $600 million. The popularity of topics on social platforms has soared, and whale addresses have frequently increased their holdings, further driving the market’s optimistic expectations for DOGE’s future trends. Under the dominance of this sentiment, more and more retail investors, especially users from platforms such as Robinhood and Coinbase, have begun to turn their attention to a more stable way of income – cloud mining.

Compared with the uncertainty of high-frequency trading, cloud mining has the advantages of “low volatility, high certainty, and low threshold”, and has become a new trend for current DOGE holders to deploy passive income. Among many platforms, BJMining has become the preferred cloud mining service provider for DOGE holders with its global green mines, AI scheduling mechanism and all-weather income distribution system.

Why choose BJMining?

  • New users will receive a $15 bonus upon registration, allowing them to experience cloud mining at zero cost;
  • No mining machines or maintenance required, the contract can be started with one click and the income can be settled daily;
  • AI intelligent scheduling + green energy, computing power online rate 99.9%, zero carbon footprint of electricity consumption;
  • McAfee® + Cloudflare® dual security protection, platform assets are insured by AIG;
  • 0 management fee + 0 hidden fee, the revenue chain is traceable, transparent and clear;
  • Supports multi-currency withdrawals, including BTC, USDT, DOGE, ETH, XRP, etc., to wallets within seconds;
  • Invitation rebate mechanism: 3% for direct referrals and 2% for indirect referrals, with no upper limit on earnings.

Market trends verify value

  • DOGE has recently risen by about 5%, reflecting the continued fermentation of social media and the recovery of mainstream assets;
  • Exchange data shows that large investors continued to buy DOGE in the last two weeks of June, indicating that the market is optimistic about its future trend;
  • At the same time, traditional spot traders are paying more and more attention to the stable cash flow and pressure relief mechanism brought by cloud mining.

Product highlights at a glance

Contract Plan Amount Time Total Proceeds at Maturity
WhatsMiner M50S+ $100 2 days $100 + $6
WhatsMiner M60S++ $600 7 days $600 + $52.50
Avalon Miner A1566 $1,200 15 days $1,200 + $234
WhatsMiner M66S+ $5,800 30 days $5,800 + $2,610
Antminer L7 $12,000 40 days $12,000 + $8,160
Antminer S21e XP Hyd $27,000 45 days $27,000 + $21,870

Note: All contracts take effect immediately and are automatically settled daily. You can withdraw or reinvest at any time to achieve compound interest growth.

One-click participation guide: three steps to start

  1. Visit the official website, complete the registration using your email address and receive a $15 new member bonus;
  2. Select the contract, deposit BTC or supported currencies, and buy immediately;
  3. Sit back and enjoy the benefits, with dividends credited daily, and support for one-click withdrawal or reinvestment upgrades.

Summary and suggestions

In the face of the current volatile market of popular currencies, cloud mining provides investors with a “light asset, low risk, and continuous passive” value-added solution. BJMining, with its green energy layout, AI scheduling mechanism and highly transparent operation system, provides users with a safe and efficient cloud mining entrance, and is an innovative choice for Robinhood/Coinbase users to achieve passive income.

Welcome to the official website for more details and start your smart mining journey!

https://bjmining.com
If you have any questions, please contact us: info@bjmining.com

Coinbase soars to the highest price since listing on Nasdaq! CEO: Cryptocurrency cloud mining is an indispensable part of the investment industry

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Last week, Coinbase CEO Brian Armstrong pointed out on his X platform that in the face of the current situation of surging global debt, rampant inflation and declining economic freedom, the world needs cryptocurrency cloud mining more than ever before. Now is the time to expand global economic freedom through cloud mining.

BTCMiner platform is the safest and most focused cloud mining platform in the entire network. The advantages are as follows

1: Register and get $500

2: BTCMiner’s FCA-certified platform will be subject to regular audits and supervision by the FCA

3: The biggest advantage of the principal and interest guarantee contract is that it can lock in the principal and income. Investors can still ensure that the principal and income are safely received in the case of market uncertainty

4: The platform uses an intelligent scheduling system to reduce unnecessary energy waste through real-time monitoring and dynamic adjustment of computing resources.

How to join BTCMiner?

1: Go to the official website to fill in the email address and set the login password to create an account: https://btcminer.net

2: Complete the registration and directly purchase a $500 trial contract. This contract can be ordered once a day

3: Select the contract, place an order with one click, and complete the contract. The profit will be automatically settled once every 24 hours, and you can view it in real time.

How is the profit of BTCMiner? The figure below shows

BTCMiner invitation reward, you can share the exclusive link on social media, and you can make money while lying down.

Level 1 reward 7%, level 2 reward 2%, real-time payment.

BTCMiner summary

Cloud mining is a new way of cryptocurrency investment. With its low threshold, low cost, and automated management advantages

Cloud mining has a very broad prospect. The platform will further optimize the resource allocation of mining machines and improve mining efficiency

Get $500 immediately and join the ranks of financial freedom

Official website address: https://btcminer.net

Official email: info@btcminer.net

Screen Recording on Windows in 2025: 9 Best Tools Without Quality Loss or Hassle

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Screen recording in Windows 2025 is possible using a wide range of programs, each offering unique features. Some are perfect for streaming, others focus on convenient editing, and some are appreciated thanks to the fact that their interfaces are as user-friendly as the 22casino login page. Here are nine of the best solutions for recording video with minimal complexity and no loss in quality.

Bandicam

Bandicam is a screen recording program capable of high-quality capture with minimal system load. It records the full screen, specific windows, or custom areas, and can also capture webcam footage and input from external devices like game consoles. With hardware acceleration, it offers smooth video even at high FPS. Ideal for tutorials and gameplay, it barely affects FPS when recording games.

Pros:

  • Supports 4K UHD resolution without major performance drops
  • Can capture from external devices (consoles, IPTV, HDMI)
  • Adjustable bitrate, codec, and format settings for optimal quality
  • Convenient overlay options for webcam and mouse effects

Cons:

  • Free version limits recording to 10 minutes and includes a watermark
  • No built-in video editor
  • May require additional codecs to record system audio

OBS Studio

OBS Studio supports multiple input sources, combining screen capture, webcam, and audio. It offers detailed customization of codecs, bitrates, and formats. Thanks to plugin support, OBS can be extended with effects, filters, and tools.

Pros:

  • Supports multithreaded encoding and hardware acceleration
  • Create multiple scenes and switch between them easily
  • Combine video from screen, webcam, images, and audio
  • Integrates with streaming platforms like YouTube, Twitch, etc.

Cons:

  • Complex interface for beginners
  • High CPU usage at maximum quality
  • No built-in video editor

AnyMP4 Screen Recorder

This app is suited for creating lessons, presentations, and video calls. It simplifies recording specific windows or screen areas and allows for microphone commentary. Videos can be exported in formats like MP4, AVI, and MOV, and uploaded directly to social media or hosting platforms.

Pros:

  • Can record system audio and microphone simultaneously
  • Includes cursor highlighting and keystroke visualization
  • Built-in recording scheduler

Cons:

  • Free version includes a watermark
  • No support for high-FPS gameplay recording
  • Limited editing options without extra software

FastStone Capture

A lightweight, user-friendly program for screen recording and screenshots. It records the full screen, selected areas, or windows, and supports webcam input. It includes a basic editor for quick trimming, annotations, and drawing.

Pros:

  • Screenshot editor included
  • Customizable hotkeys for workflow speed
  • Records system audio and external device sound

Cons:

  • Doesn’t support multiple input sources at once
  • Not suitable for streaming or Let’s Play videos
  • Interface is fragmented into several windows

iSpring Cam Pro

A screen recorder designed for educational content, presentations, and tutorials. It allows adding annotations and interactive elements during or after recording. The built-in editor lets you trim and enhance videos without third-party tools. Integrates with the iSpring Suite e-learning platform.

Pros:

  • Multilayer video editing with animations and effects
  • Smooth and clear visuals even during recording
  • Exports to convenient formats like MP4

Cons:

  • No live streaming support
  • Expensive compared to alternatives
  • No macOS version available

ApowerREC

A screen recording tool with cloud storage and editing capabilities. It supports recording the entire screen, specific windows, webcam, and audio. You can add annotations, logos, and watermarks. Ideal for educational content, presentations, and video calls. Supports auto-upload to YouTube, Dropbox, and Google Drive.

Pros:

  • Cross-platform: available on PC and mobile
  • Built-in scheduler for automated recordings
  • Allows adding graphics and text during recording

Cons:

  • Watermark in free version
  • Only supports single-monitor setups

CamStudio

A free screen recorder with audio capture. Saves recordings in AVI or MP4. Suitable for basic needs like tutorial creation and presentations. It’s extremely lightweight — only 3MB — and easy on system resources.

Pros:

  • Simple interface with minimal buttons
  • Allows text annotations in videos
  • Supports custom keyboard shortcuts

Cons:

  • Only three output formats: AVI, MP4, and SWF
  • No built-in video editor
  • Hasn’t been updated since 2016

Screenpresso

Best for instructional videos, guides, and presentations. It supports screen and webcam capture, cursor highlighting, and keystroke display. Also includes screenshot functionality and an image/video editor.

Pros:

  • User-friendly interface with quick tool access
  • Supports multi-monitor recording
  • Easy export to cloud services like Google Drive

Cons:

  • Only supports MP4 output
  • Windows-only
  • Free version limited to HD resolution

Icecream Screen Recorder

A handy tool for recording the desktop and active windows — great for webinars, calls, and gameplay moments. It allows selecting a specific area, adding text annotations, and drawing on-screen during recording. You can also record audio separately from video, useful for podcasts or overdubbing. Files can be uploaded to the cloud or social platforms right after recording.

Pros:

  • Saves settings for quick reuse
  • Supports pause/resume without creating a new file
  • Cursor highlighting for educational content

Cons:

  • Free version limits videos to 5 minutes
  • Lacks advanced codec/bitrate settings
  • Frame drops possible during game recording