Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per…
Category: Finance
Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven Solutions
In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in unclaimed dividends—marking a…
Banks and Universities colluding to frustrate student loan disbursement, says NOA
The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities and banks aimed at frustrating…
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant…
Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA
The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight…
Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space
Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking…
Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War
Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald Trump’s announcement of…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund…
NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218%…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The…
Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action
In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully operationalising the Climate Change…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London.…
Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion.…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to…
CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion
The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…
Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount
President Donald Trump’s aggressive tariff strategy has sent shockwaves through global financial markets, with U.S. stocks bracing for more volatility.…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5 Commercial Paper Issuance
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025, which…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that ongoing U.S. tariffs…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign inflows into…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April 4,…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and Payment Infrastructure
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the enactment of the Investment…