Nigerian Stock Market Dips by N308bn as Investors Take Profits in Large-Cap Stocks
The Nigerian equity market reversed its recent bullish trend on Thursday, recording a significant loss of N308 billion in market capitalization. This…
Category: Business
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic Growth
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of…
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed Signals
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI…
Nigeria’s Bond Market Booms as Inflation Eases: DMO Auction Sees 603% Oversubscription
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth…
Treasury Yields Dip as Trump Targets Fed Chair Powell Amid Economic and Geopolitical Uncertainty
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome Powell. The declines came after…
China’s Biren Technology Secures $207 Million, Eyes Hong Kong IPO Amid Chip Race
Biren Technology, a Chinese artificial intelligence (AI) chip startup, has raised 1.5 billion yuan (approximately $207 million) in a new…
NGX Soars by N1.18tn as Oando, Banking, and Consumer Stocks Fuel Bullish Momentum
The Nigerian Exchange (NGX) experienced a significant surge on Wednesday, June 26, 2025, with the market capitalisation increasing by N1.18…
Nigerian, Kenyan, Rwandan Startups Lead Google’s Africa AI Accelerator 2025
Google has announced the 15 startups selected for the ninth edition of its Google for Startups Accelerator: Africa, and the…
SEC Urges Nigerians to Harness Demographic Dividend for Economic Growth and Financial Inclusion by 2030
The Securities and Exchange Commission (SEC) has called on Nigerians to take advantage of the country’s youthful and growing population…
Nigeria’s $5 Billion Startup Dream Faces Setback Amid Economic, Regulatory Pressures
Nigeria’s ambition to raise $5 billion in startup funding by 2027 is looking increasingly unrealistic as investment in the country’s…
Naira Strengthens Below N1,600/$ as U.S. Dollar Hits 3-Year Low Amid Global Economic Shifts
The Nigerian naira gained ground against the U.S. dollar, breaking below the N1,600/$ threshold in the black market. It traded…
Africa Sets Sights on $712 Billion Digital Trade Boom by 2035 with AfCFTA
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African…
Cardoso Champions ‘African-Led, African-Owned’ Development at Afreximbank Meeting
At the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) in Abuja, Central Bank of Nigeria (CBN) Governor Olayemi…
NGX Surges as Market Capitalisation Gains N764bn Amid Broad-Based Rally
The Nigerian Exchange Limited (NGX) witnessed a robust rally on Tuesday, continuing its bullish momentum as market capitalisation surged by…
DMO Finalises Oversubscribed N100bn Bond Auction to Support 2025 Budget
The Debt Management Office (DMO) of Nigeria is set to finalise and settle a N100 billion bond issuance today, June…
Pension Assets Rise to ₦23.33 Trillion in Q1 2025 as FG Clears ₦1.2 Trillion in Arrears
In the first quarter of 2025, Nigeria’s pension assets grew by ₦820 billion, bringing the total to ₦23.33 trillion as…
SEC’s Tenure Limits Spark Succession Anxiety Among CEOs, Directors
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive limiting the tenure and subsequent roles of…
Treasury yields hold steady as investors monitor Israel-Iran ceasefire
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions following a ceasefire between Israel and Iran.…
Xero Acquires U.S. Fintech Melio for $2.5 Billion in Major U.S. Expansion Push
New Zealand-based accounting software giant Xero has announced a $2.5 billion acquisition of U.S. payments platform Melio, marking the largest…
OpenAI CEO Altman Discusses Future with Microsoft Amid Investment Talks and Political Outreach
OpenAI CEO Sam Altman revealed in a recent New York Times podcast that he held discussions with Microsoft CEO Satya…
Bullish Momentum Continues as NGX Market Capitalisation Surpasses N75 Trillion
The Nigerian Exchange (NGX) continued its bullish run as the market capitalisation surged past N75 trillion, signaling strong investor confidence.…
SBM Warns of Telecom Sector Collapse Without Urgent FX Access, Policy Reform
SBM Intelligence, a leading research firm, has raised alarms over the deteriorating state of Nigeria’s telecommunications sector, warning that without…
Fintech Urged as Key to Business Growth for SMEs in Ghana – Experts Highlight Youth-Driven Digital
At the 2025 Citi Business Festival (#CitiBusinessFestival), Martin Kwame Awagah, President of the Ghana Fintech and Payments Association, delivered a…
US Stock Futures Climb as Trump Brokers Israel-Iran Ceasefire
U.S. stock futures saw a sharp rise on Tuesday following former President Donald Trump’s announcement of a ceasefire between Israel…
NGX Urges Regional Collaboration to Boost Trade and Investment in West Africa
The Nigerian Exchange Group (NGX) has emphasized the need for increased regional collaboration to harness West Africa’s vast trade and…
Bank of Ghana Urges Stronger Cybersecurity Collaboration to Protect Financial Inclusion
The Bank of Ghana (BoG) is calling for enhanced cybersecurity measures across Africa’s financial sector, emphasizing the urgent need for…
What CBN’s forbearance shift means for banks
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a new era of orthodox…
SEC Tenure Rule Sparks Panic Among Capital Market Operators in Nigeria
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among capital market operators. The new…
$1 Billion Bitcoin Treasury Firm Launched by U.S. Investor Pompliano in Historic Crypto Merger
A major move in the cryptocurrency world unfolded as U.S. entrepreneur Anthony Pompliano announced the formation of a new bitcoin…