GTCO’s N400.5bn Public Offer Falls Short by 48%
Guaranty Trust Holding Company Plc (GTCO) has revealed that its N400.5 billion public offer was undersubscribed by…
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The oil and gas sector received 31.1% of banks’ credit allocation in Q3 2024 –CBN
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from…
NAHCO Appoints Olumuyiwa Olumekun as GMD/CEO Following Gupta’s Retirement
The Nigerian Aviation Handling Company PLC (NAHCO) has named Mr. Olumuyiwa Olumekun as its new Group Managing…
GDP rebasing: Services to enjoy biggest gain
Nigeria’s services sector is projected to account for 55 to 60 percent of its rebased Gross Domestic Product (GDP)…
CBN expected to hold MPR for most of 2025
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely…
FG to strengthen capital market for wealth creation
The Federal Government has reiterated its commitment to bolstering Nigeria's capital market as a key driver of…
Nigeria secured $7.6bn investments at Africa forum – Adesina
Nigeria has attracted $7.6 billion in investment commitments at the Africa Investment Forum 2024, held in Rabat,…
Nigerian Stocks Surge by N1.14tn as Trend Lifts Market
The Nigerian Exchange Limited (NGX) closed on a bullish note last week, delivering a significant gain of N1.14tn.…
Recapitalization and Regulatory Shifts Reshape Nigerian Banking Sector in 2024
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria's (CBN)…
Guinea Insurance Targets N1.75bn Gross Premium Written in Q1 2025
Guinea Insurance has projected a gross premium written (GPW) of N1.75 billion for the first quarter of 2025,…
Inflation and Naira Stabilisation Expected in 2025
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for…
Investors Pick Kenya Over Nigeria As Startup Funding Falls To $2.2bn
In 2024, Kenya emerged as the top destination for startup funding in Africa, surpassing Nigeria for the second…
European Stocks Edge Higher as Mining Gains Offset Retail Losses
European stocks regained stability on Thursday, as the STOXX 600 index rose by 0.1%, recovering from early…
Bonds under pressure as stocks tumble amid UK gilt worries and US policy…
Global financial markets faced turbulence as bond yields soared and stocks fell, driven by concerns over rising…
Telecom tariff hike imminent – FG
The Federal Government has announced plans to increase telecommunication tariffs, though not as high as the 100…
Dollar Stable Amid Rising Yields and Hawkish Fed Minutes
The US dollar held steady on Thursday, supported by climbing Treasury yields and the Federal Reserve's hawkish…
European Stocks Dip as UK Retailers and Economic Data Take Center Stage
European stock markets edged lower on Thursday, weighed down by mixed economic data and corporate earnings.…
Asia FX weakens as hawkish Fed boosts dollar; yen rises on BOJ rate hike bets
Asian currencies faced pressure on Thursday as a stronger dollar gained momentum following hawkish Federal Reserve…
Google Expands Efforts to Develop AI Models Simulating the Physical World
Google is embarking on a bold initiative to create generative AI models capable of simulating the physical world,…
Micro Pension Plan Struggles to Gain Traction Despite Policy Efforts
Five years after its launch in 2019, Nigeria’s Micro Pension Plan (MPP) remains underwhelming in its adoption,…
Naira down to N1,655/$ in parallel market
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the…
MTN Nigeria and Transcorp Lead as Nigerian Stock Market Gains N507bn
Investors on the Nigerian Exchange witnessed a significant gain of N507 billion on Wednesday, with market…
French Inflation Slows to 1.8% in December Falling Below Forecasts
According to preliminary data from INSEE, French inflation rose to 1.8% year-on-year in December, falling short of…
Dollar Declines as Markets Weigh Trump’s Tariff Proposals and U.S. Economic…
The U.S. dollar edged close to a one-week low on January 7 as investors assessed the potential impact of…
Futures Flat Ahead of Economic Data and Trump Administration Plans
U.S. stock index futures were mostly unchanged as markets awaited important economic data releases and insights…
US Federal Reserve Regulator Resigns Citing Risk of Dispute
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing…
Concessional Borrowing Key to Addressing Nigeria’s Debt Challenges
Nigeria's rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and…
Nigerian Banks Borrow Record N131.42 Trillion From CBN Amid Tight Liquidity
In 2024, Nigerian Deposit Money Banks (DMBs) and merchant banks borrowed an unprecedented N131.42 trillion from…
Microsoft To Invest $3 Billion In India
Microsoft CEO Satya Nadella announced a $3 billion investment aimed at enhancing the company’s artificial…
African Tech Startups Raise $2.2B Despite Challenges
African tech startups, particularly in Nigeria, Kenya, and South Africa, secured $2.2 billion in funding in 2024…