Insurance Industry’s Gross Premium Income (GPI) Grew By 15%
The Insurance Industry’s Gross Premium Income (GPI) grew by 15 per cent year-on-year to N592.3 billion in the financial year ended December 31, 2020, estimates by Agusto & Co have…
Investors Gain N521.46 Billion
Investors in the Nigerian Exchange Limited equities market recorded N521.46bn gain in September despite losses in 85 firms against 35 gainers, analysis of data from the NGX revealed. The NGX…
Nigerian: Investors Record N51.03 Billion Loss
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and 73.49 per cent respectively, with investors losing N51.03bn as trading ended.…
Chartered Institute of Stockbrokers To Hold Session On Marketing Magic: The Art Of Marketing In Digital Age For It’s Member
The Chartered Institute of Stockbrokers has said it plans to hold a capacity building session on modern techniques of marketing financial products and services for its members. A statement from…
Inflows From Foreign Portfolio Investors Dropped By N37.85bn: Nigerian Exchange Limited
The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors into the equity market dropped by N37.85bn, just as outflows…
Twitter Share Soar Higher Now At $66.69 Per Share
The price of Twitter’s shares, being traded on the New York Stock Exchange (NYSE), has gained approximately 3.80% to currently stand at $66.69 per share as of the time of…
Investments That Will Stand The Test Of Time – Stanbic IBTC Chief Executive
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that will stand the test of time. It emphasised the importance…
Chinese Estate Share Soared High After China Evergrande Group Announcement
Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose of its entire stake in debt-ridden developer China Evergrande Group.…
Nigeria’s Equity Market Investors Lost N11.02 Billion At End Of Trading
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end of trading on Wednesday as banking stocks declined for the…
Order Book For $3 Billion Nigeria Eurobond Issue Opened – Investor Notice
Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week, according to a notice to investors seen by Reuters. The…
Bitcoin Lost As Much As 10% On Monday Morning
The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline. While bitcoin is often called a safe-haven asset, the growing reality is…
CDC Group chooses BluePeak and Vantage Funds For First Private Credit Deals
CDC Group Plc, the UK’s development finance institution (DFI) and impact investor, said Tuesday it has made a $60 million commitment to two alternative investment funds as part of its…
Cairo Based E-Commerce Start-Up Raise $33 Million In Series A Round
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Cairo-based B2B e-commerce startup capiter continues that trend by…
Afrexim Annouces Investment In A Pan-African Telecommunications Technology Group – Liquid Intelligence Technology
African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is…
Africa Capitalworks Makes Equity Investment In Dorman Long Engineering Limited
Africa Capitalworks (“ACW”), a Sub-Saharan Africa-focused private equity company, announces a significant equity investment in Dorman Long Engineering Limited (“DLE”) of Nigeria. DLE is an indigenous and market leading company,…
Nigeria Back In The International Capital Market With A Plan To Raise At Least $3bn From Eurobond Issuance
The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with a plan to raise at least $3bn from Eurobond issuance.…
S&P Futures Bounce After Four Days Of Losses, Dow Futures Gain 170 Points
United State stock index futures pointed to a market rebound on Friday, after the S&P 500 and Dow Jones Industrial average registered a fourth-straight day of losses on Thursday. Futures…
Nigeria Exchange Lists Potentials As Green Bonds Market Hits $136m
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the debut issuance by the Federal Government. In 2017, the NGX…
Nigeria Exchange Group’s structure Get ASHON Belief
The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian Exchange Group Plc as the exchange plans its first annual…
UK Property Prices Continues To Jump Market Strength Persists
British house prices rose sharply last month in a further sign of strong momentum in the market even after the partial withdrawal of tax breaks on property purchases, a survey…
$75m Investment Injected Into Ecobank
Ecobank Transnational Incorporated has announced the receipt of a $75m perpetual non-cumulative additional tier-1 capital investment from Arise B.V ETI announced this on Monday in a statement released to the…
PawaPay Raises $9M seed Backed By MSA, 88mph And Mr Eazi’s Zagadat Capital
The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into new markets on the continent. PawaPay app How pawaPay Works…
Amethis Sells Its 22% Stake In Sodigaz APC to African Infrastructure Investment Managers
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM). Sodigaz APC is the leading gas bottle (LPG) distributor in…
Adesina Hails Singapore’s Huge Investments In Africa
Akinwumi Adesina, president of the Africa Development Bank (AfDB), has hailed Singapore’s huge investments in Africa amid the Covid-19 pandemic. Speaking at a panel discussion of the virtual Africa-Singapore Business…
Turnover In FMDQ Exchange Drops 56% YoY As Investors Pull N29trn In T-Bills
Investment activities in the Fixed Income and Currencies (FIC) markets suffered a setback to the tune of about N26.97 trillion Year-on-Year (YoY) as investment in Treasury Bills dipped by 75…
Diaspora Remittances Hit $34bn As Nigerian Migrant Workers Top List
The Naira4Dollar policy of the Central Bank of Nigeria (CBN) may have begun to yield dividends as remittances from Nigerians in the Diaspora now stand at an average of $34…
Astra Stock Drops After Cutting Short Rocket Launch, With Next Attempt Expected In The Coming Days
Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a moment and then shutting down. The rocket did not lift…
Global Bond Funds Sees Big Inflows – Lipper
Global bond markets saw their fifth consecutive week of inflows through Aug. 25, as investors grew cautious ahead of the U.S. Federal Reserve’s Jackson Hole meeting, waiting for what Chair…
Stocks Making The Biggest Moves Premarket: Big Lots, Hibbett Sports, Peloton, Gap And Others
Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share,…