PFAs diversify assets as equity stake jumps 40%
Nigeria’s Pension Fund Administrators (PFAs) have increased their equity investments by 40% in just one year, reflecting the growing confidence…
Day: September 5, 2024
Why We Approved Crypto Exchanges- SEC
The Securities and Exchange Commission (SEC) of Nigeria recently approved two cryptocurrency exchanges, Busha Digital and Quidax Technologies, as part…
Delisting: Shareholders’ stance unchanged amid PZ Cussons’ N28bn negative equity
Shareholders of PZ Cussons Nigeria are pushing back against the company’s plan to delist from the Nigerian Exchange (NGX), despite…
Sub-Saharan Africa to make 25% of global workforce – Report
Shareholders of PZ Cussons Nigeria are pushing back against the company’s plan to delist from the Nigerian Exchange (NGX), despite…
Yield-hungry investors subscribe Nigerian Treasury Bills with N1.13 trillion
Investor interest in Nigerian Treasury Bills (NTBs) surged at the recent auction held on September 4, 2024, as total subscriptions…
Europe stocks mixed after three straight declines; U.S. jobs data in focus
European stock markets opened Thursday on a mixed note, extending a negative trend despite hitting record highs last week. The…
Shettima inaugurates $115m upgrade of APM terminals west Africa container terminal
Vice President Kashim Shettima officially inaugurated a $115 million upgrade project at the West Africa Container Terminal (WACT) in Onne,…
Nigerian PMI Report: August Sees First Economic Expansion in Over a Year
In August 2024, Nigeria’s Purchasing Managers’ Index (PMI) showed its first economic expansion in 13 months. The Central Bank of…
Sub-Saharan Africa to make 25% of global workforce – Report
A new report from Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan Africa will contribute about 25%…
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
On August 4, 2024, the naira fell to a six-month low of N1,625.88 per dollar in the official NAFEM market,…