Ghana’s Mobile Money Transactions Hit GHC354.1 Billion in August as Digital Payments Surge
Mobile money continues to dominate Ghana’s financial landscape, with transactions reaching GHC354.1 billion in August 2025, according to the latest…
Category: Finance
NGX Considers Extending Trading Hours to 5 PM Amid Push for Market Innovation
The Nigerian Exchange Limited (NGX) is exploring a significant extension of its trading hours, moving from the current 9:30 am–2:30…
UBA Unveils Groundbreaking Whitepaper at UNGA 2025 to Unlock Africa’s Economic Potential
United Bank for Africa (UBA) is set to take center stage at the 80th United Nations General Assembly (UNGA 2025)…
European Stocks Edge Higher Ahead of U.S. Federal Reserve Rate Cut Decision
European equity markets opened in positive territory on Wednesday as global investors awaited the U.S. Federal Reserve’s latest policy decision.…
Turning stock market downturns into long-term gains
In Nigeria, headlines about plunging indices, falling share prices, and foreign capital flight often stir anxiety among investors. Yet experts…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor…
Cedi Depreciation Sparks Debate Over Bank of Ghana’s Currency Support, Ahiagbah Slams Artificial Stability
The Ghanaian cedi’s sharp decline in recent weeks has reignited debate over how the currency was previously stabilised. Richard Ahiagbah,…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says
President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the coming months, remaining within…
Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s…
SEC Urges Nigerian Insurers to Tap Capital Market for Recapitalisation Funds
The Securities and Exchange Commission (SEC) has called on Nigerian insurance companies to seize opportunities in the capital market to…
CBN Schedules MPC Meeting for September 22: Investors Eye Interest Rate Decisions Amid Stable Naira
The Central Bank of Nigeria (CBN) has announced that its 302nd Monetary Policy Committee (MPC) meeting will take place later…
NGX Extends Bullish Run with N254bn Gain as Banking and Insurance Stocks Drive Market
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, as investors’ strong interest in banking and insurance stocks lifted…
Nigerian Banks Set to Boost Digital Lending and Tech with Recapitalisation Funds – McKinsey
Nigerian banks are poised to channel newly raised recapitalisation funds into technology upgrades, digital lending, and expansion into non-banking services,…
U.S. Treasury Yields Steady Ahead of Key Inflation Reports as Market Eyes Fed Rate Decision
U.S. Treasury yields remained largely unchanged on Tuesday as investors awaited critical inflation data that could shape the Federal Reserve’s…
Nigeria Risks Losing Digital-Native Investors Amid Capital Market Bottlenecks – Proshare Report
Nigeria, widely recognized for its rapid adoption of cryptocurrencies and digital wallets, is struggling to convert its tech-savvy population into…
Heirs Insurance Earns Strong Agusto&Co Ratings, Strengthening Market Position
Heirs Insurance Group has secured a major boost to its credibility after leading ratings agency Agusto&Co awarded strong credit ratings…
CBN Strengthens Digital Payments with Geo-Tagged PoS Terminals and ISO 20022 Standards
The Central Bank of Nigeria (CBN) is stepping up measures to secure digital transactions with new rules for point-of-sale (PoS)…
Ghanaian Cedi Loses Ground as Import Demand Surges Ahead of Holiday Season
The Ghanaian cedi’s recent status as a global top performer has hit a stumbling block as rising demand for dollars…
British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken
The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the…
Union Bank completes merger with Titan Trust Bank
Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval…
Ghana Treasury Bills Undersubscribed by 50% as Yields Decline Across All Tenors
Treasury bill auctions in Ghana continue to struggle with weak investor demand, as the latest primary market results revealed a…
Nigeria’s Diaspora Remittances Surge to $600m Monthly, Says CBN Governor Cardoso
Nigeria’s diaspora remittances have witnessed a sharp surge, hitting $600 million monthly in the past two months, according to the…
Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn
The Nigerian Exchange closed in the red on Thursday as bearish trading wiped off N438 billion from investors’ wealth, pushing…
Africa Prudential Records 75% Profit Growth in H1 2025 on Strong Diversified Income
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent year-on-year…
CBN Raises ₦8.99 Trillion via T-Bills in 7 Months as Rates Drop to 15%
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in the first seven…
Nigerian Pension Funds Seek Alternative Investments to Protect N24 Trillion Amid Inflation and FX Pressure
Operators in the Nigerian pension industry are calling for regulatory reforms to allow broader investment opportunities for the nation’s N24.63…
NGX Market Cap Drops N663bn as Bearish Sentiment Persists
The Nigerian Exchange (NGX) extended its bearish streak on Wednesday as equities investors lost N663 billion in market value due to sustained…
PenCom Blacklists Seven Mortgage Banks, Suspends RSA-Backed Equity Contributions
The National Pension Commission (PenCom) has suspended the processing of equity contribution applications from seven Primary Mortgage Banks over alleged…