Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better Returns
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years, growing from…
Category: Finance
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and Britain,…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital Market
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs),…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest Charges
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight revision from its earlier…
OpenAI Moves to Acquire AI Coding Startup Windsurf in Landmark $3 Billion Deal
In a strategic move to expand its influence in the AI-powered software development market, OpenAI has entered an agreement to…
Nigerian Stock Market Sees N412 Billion Surge, Led by Gains in 35 Stocks
The Nigerian equities market began the week on a positive note, with investors gaining N412 billion, driven by impressive performances…
FG Charts Path to 7% Economic Growth: EMT Strategizes Inclusive Reforms for National Development
The Federal Government has tasked the Economic Management Team (EMT) with designing a strategic roadmap aimed at achieving a 7%…
Nigerian Business Leaders Share Survival Tactics for Startups Battling Economic Challenges
At a time when economic uncertainty looms large over Nigeria’s startup ecosystem, several industry leaders have come forward with pragmatic…
Nigeria Joins Asian Infrastructure Investment Bank to Boost Growth, Infrastructure, and Investor Confidence
Nigeria has officially become a full member of the Asian Infrastructure Investment Bank (AIIB), following the Federal Executive Council’s (FEC)…
Accelerex and ITEX Join Zone’s Blockchain Network for Real-Time Payment Settlements
Nigeria’s top payment terminal service providers, Accelerex and ITEX, have announced their integration into Zone’s regulated blockchain network to enhance…
Global Markets Steady as Dollar Firms and Asian Currencies Surge Amid Trade Uncertainty
Global markets remained largely flat on Tuesday as investors treaded carefully ahead of Wednesday’s U.S. Federal Reserve policy decision and…
SEC to Convene Q1 Capital Market Meeting in Lagos to Boost Investor Confidence and Reform Policies
The Securities and Exchange Commission (SEC) has scheduled its first-quarter Capital Market Committee meeting for May 19, 2025. The event…
Bybit Enters Traditional Markets with U.S. Stocks and Commodities in Bold Expansion
Bybit, a prominent crypto exchange, is diversifying its offerings by adding U.S. stocks and commodities like gold and crude oil…
Markets Rebound as Hopes Rise for U.S.-China Trade Talks Amid Global Economic Concerns
Global stock markets rebounded strongly on Friday following signs that the United States and China may return to the negotiating…
NGX Sheds ₦116bn as Profit-Taking Drags Market Down
The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from major stocks…
Investors Shift to Emerging Market Debt as U.S. Treasurys Lose Safe Haven Status Amid Trump Tariffs
Following U.S. President Donald Trump’s announcement of tariffs in early April 2025, there has been a significant shift in investment…
FCMB Group Posts ₦7.1 Trillion in Assets, Declares Dividend at 12th AGM Amid Strong FY 2024 Performance
At the recently held 12th Annual General Meeting of FCMB Group Plc in Lagos, shareholders endorsed the company’s robust performance…
European Markets End on a High, FTSE 100’s Winning Streak Continues Amid Trade Uncertainty
European stock markets closed higher on Thursday, with most sectors seeing gains despite ongoing concerns about trade uncertainties. The pan-European…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection Transparency
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of any…
Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana
Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria’s role in Africa’s cross-border trade by…
Bullish Run on NGX: International Breweries, Cadbury Spark N228bn Market Surge
The Nigerian Exchange (NGX) sustained its bullish trend on Monday, led by notable gains in blue-chip stocks such as International…
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid Economic Challenges
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared to N93.5 trillion in…
UBA Chairman Elumelu Assures Shareholders of N500 Billion Capital Base by Q3 2025
At the United Bank for Africa (UBA) Plc’s 63rd Annual General Meeting (AGM) in Abuja, UBA Chairman Tony Elumelu reassured…
Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction- Ghana
The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the latest auction…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills (T-Bills) and Open…