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investment
Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI…
The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a…
NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market…
The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5…
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure,…
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…
NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and…
The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024,…
Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss
Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss…
Nigeria Stocks Join Global Decline Amid Tariff Turmoil, Investors Lose N659bn
Nigeria's stock market suffered significant losses, mirroring a global downturn triggered by U.S. President Donald…
Investor Confidence Rises as Nigerian Banks Secure N2.4 Trillion in Q1 2025…
In the first quarter of 2025, Nigerian banks raised an impressive N2.4 trillion through the capital market as part…
NGX Faces Setback Despite Strong Earnings Season
The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week's gains and…
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…
FCMB Records N111.9bn Profit Before Tax for 2024, Announces Strong Growth
First City Monument Bank (FCMB) posted a remarkable Profit Before Tax (PBT) of N111.9 billion for the financial…
Global Selloff Accelerates as Japanese Banks Struggle Amid Tariff Concerns
Investors are reacting to a global selloff triggered by U.S. President Donald Trump's tariff policies, which have…
Macron Calls for Suspension of US Investments Amid Tariff Dispute
French President Emmanuel Macron has called for European companies to suspend planned investments in the United…
Trump’s Trade Policies Spark Record Outflows from Asian Equities in Q1
In the first quarter of 2024, foreign investors pulled the largest amount of capital from Asian equities in 15…
Investors Seek Safe Havens Amid Growing Tariff Uncertainty
As tariffs continue to shape the global trade landscape, investors are searching for strategies to mitigate the…
Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth
Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and…
Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over…
Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest…
OpenAI Secures $40 Billion Funding to Propel AGI Research and Stargate Initiative
OpenAI has raised $40 billion in a new funding round aimed at accelerating its pursuit of Artificial General…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi…
Nigeria’s Foreign Exchange Reserves Surge to $23.11bn in 2024
Nigeria’s foreign exchange reserves have surged to $23.11 billion at the close of 2024, marking the highest level…
Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance…
The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate…
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Offshore Investment Withdrawals Impact Nigerian Stock Market as Foreign…
Concerns are mounting over the significant decline in foreign investment in the Nigerian Exchange Limited (NGX),…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in…
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development…
Nigeria and EU Discuss €1.3 Billion Investment, Economic Reforms to Boost Growth
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU)…
Nigerian Startups Dominate West African Funding, Cornering 80% of Investments
Nigeria remains the undisputed leader in West Africa’s startup ecosystem, securing a dominant 80% of the region’s…
Analysts Predict Drop in T-Bill Yields as Liquidity Improves Ahead of CBN Auction
As Nigeria prepares for its Treasury Bill (T-Bill) auction on Wednesday, analysts expect a decline in yields due…