Asian Markets Rally as US-China Tariff Truce Boosts Investor Confidence
Asian stock markets gained on Tuesday, with Japan’s Nikkei reaching an all-time high, as the United States and China extended…
Category: Business
Global Markets Rally as U.S.–China Tariff Truce Extended; Focus Shifts to Key U.S., UK Economic Data
Global markets started the day on a strong note after the United States and China agreed to extend their tariff…
First Securities Brokers Leads NGX in July with ₦414.46bn Trades, Secures Top Spot in Volume & Value
First Securities Brokers Limited, a subsidiary of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian…
NGX Opens Week Positive as Investors Gain ₦79.6bn on Renewed Buying Interest
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a positive note as the All-Share Index (ASI)…
Tinubu Approves Landmark Pension Reforms for DBS Retirees Under Renewed Hope Agenda
President Bola Ahmed Tinubu has endorsed significant reforms aimed at improving the welfare of retirees under Nigeria’s Defined Benefit Scheme…
Apple Shares Surge 13% After CEO Tim Cook’s White House Visit, Announces $100 Billion U.S. Investment Plan
Apple experienced its largest weekly stock gain since July 2020, with shares rising 13% after CEO Tim Cook joined President…
European Shares Rise Amid Trade Optimism; Orsted Shares Plunge on $9.4 Billion Rights Issue
European stock markets opened higher on Monday, buoyed by positive sentiment around global trade developments. The pan-European Stoxx 600 index…
SEC DG Agama Named Vice Chair of IOSCO’s Africa/Middle East Committee
Dr. Emomotimi Agama, Director-General of Nigeria’s Securities and Exchange Commission (SEC), has been elected Vice Chairman of the Africa/Middle East…
Insurance Act and Strong Q2 Earnings Drive Nigerian Stock Market to 3.2% Weekly Gain
The Nigerian stock market recorded a notable 3.2% gain in the week, driven by the recent enactment of the Insurance…
Pension Fund Performance Review: FCMB Pensions Limited Leads with 5.68% Return in July 2025
Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund…
Top 10 African Fintech Startups Secure $470M in H1 2025 Amid Global Funding Slowdown
Africa’s fintech industry has demonstrated remarkable resilience in the first half of 2025, attracting significant investment despite a challenging global…
Credit Enquiries in Ghana Jump 114% in 2024 as Digital Lending Dominates – Bank Of Ghana
Credit enquiries in Ghana surged to 29.5 million in 2024, representing a 114.6% increase from 13.7 million in 2023, according…
Japan’s Political Turmoil Threatens Budget Process and Delays in BOJ Rate Hike
Japan is facing mounting political uncertainty as Prime Minister Shigeru Ishiba comes under intense pressure from his own Liberal Democratic…
Domestic Sources Drive $31.06bn Forex Inflows in Seven Months as Foreign Participation Slips
Nigeria’s foreign exchange market recorded total inflows of $31.06 billion between January and July 2025, according to FMDQ Securities Exchange…
Digital Banking Breaches Spike 56% in Nigeria as CBN Warns of Tough Sanctions
Nigeria’s banking sector is facing a growing cybersecurity crisis, with cyber theft risks surging 56% in the first half of…
India Boosts Nigerian Crude Purchases as Dangote Refinery Turns to US Oil Imports
India’s state-owned refineries have increased their purchases of Nigerian crude oil, even as Nigeria’s $20 billion Dangote Petroleum Refinery leans…
Nigeria’s Non-Oil Exports Surge 19.6% to $3.23bn in H1 2025 – NEPC
Nigeria’s non-oil exports reached $3.225 billion in the first half of 2025, reflecting a 19.59% increase compared to $2.696 billion…
Naira Shows Mixed Performance Amid Strong Forex Demand, CBN Actions Boost Market Stability
The Nigerian naira experienced a mixed performance last week, with marginal gains in the official market but losses in the…
Nigeria, Egypt, and South Africa Power Truecaller’s 100M User Milestone in MEA
Truecaller, the global caller identification and spam-blocking platform, has surpassed 100 million monthly active users in the Middle East and…
Nigeria’s FDI Plummets 70% in Q1 as Investors Shift to Short-Term Assets
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million…
Rumble Eyes $1.2 Billion Acquisition of German AI Cloud Firm Northern Data
U.S.-based video platform and cloud services provider Rumble is exploring a potential $1.17 billion (€1 billion) acquisition of German artificial…
Debt Market Warning Signs Raise Red Flags for Overheated Stocks
Global investors are turning cautious on corporate credit markets, warning that current pricing levels are far too optimistic given slowing…
Nigerian Bank Customers Protest Excessive Charges, Urge CBN and NDIC to Intervene
Bank customers across Nigeria are voicing strong dissatisfaction over what they describe as excessive and frequent debit alerts on their…
NSIA Expands Fertiliser Plants From 4 to 92, Hands Over PFI Management to MOFI
The Nigeria Sovereign Investment Authority (NSIA) has achieved a major milestone in Nigeria’s agricultural sector, increasing the number of operational…
NGX Group Launches Project BLOOM to Tackle Child Malnutrition in Lagos Underserved Communities
Employees of the Nigerian Exchange Group (NGX Group) have embarked on a volunteer-driven mission to combat child malnutrition in underserved…
Trump’s Secondary Tariffs on Russia’s Oil Buyers Risk Global Market Disruption and Diplomatic Strains
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25% tariff already applied…
Surge in Nigerian Stock Market Valuations: 18 Companies Now Valued Over $1 Billion in 2025
The Nigerian Exchange (NGX) has been one of Africa’s top-performing stock markets in 2025, with its All-Share Index rising by…
Abuja to Host Over 500 Global Investors at 2025 Business Investment Expo to Boost Emerging Markets
The Abuja Investment Company Limited (AICL) has announced that over 500 high-level participants from 40 countries are expected to attend…
Reforms Drive Nigerian Stock Market Rally as Insurance Sector Leads Gains Amid 26-Day Bull Run
The Nigerian equities market sustained a remarkable 26-day bullish run, adding N479 billion to its total value, fueled notably by…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane; Advocates Airport Concessions Over Renovations
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal Government’s handling of state-owned…