Browsing Category
investment
MOFI Launches N100bn Series 2 Offering to Tackle Nigeria’s Housing Deficit
The Ministry of Finance Incorporated (MOFI) has launched a N100 billion Series 2 offering under the MOFI Real…
Elon Musk Makes $97.4 Billion Bid for OpenAI, Rejected by CEO Sam Altman
Elon Musk, the world's richest person, made a bold bid of $97.4 billion to gain control of OpenAI, the…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the…
African Startups Raise $289M in January 2025, Marking a Strong Funding Rebound
In January 2025, African startups raised an impressive $289 million, representing a 240% increase compared to the…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant…
Edun Highlights Nigeria’s Economic Growth to Investors, Turkish Delegation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s…
Equity market booms as NGX gains N332bn
The Nigerian Stock Exchange (NGX) experienced a significant rally on February 5, 2025, as the equity market gained…
Eurocham Nigeria Hosts 2025 Stakeholder Conference, Strengthens EU-Nigeria…
Eurocham Nigeria recently hosted its 2025 Annual Stakeholder Conference in Lagos, bringing together European…
Nigerian Banks Earn N2.6 Trillion from Loans as Interest Rates Surge
Amid rising interest rates, five Nigerian banks FBN Holdings, FCMB Group, Wema Bank, Stanbic IBTC Holdings, and…
Top-performing Nigerian equity funds in January 2025
The Nigerian stock market started 2025 on a positive trajectory, with the All-Share Index (ASI) gaining 1.53% in…
Naira Holds Steady as CBN Extends Dollar Access to Bureau De Change Operators
The naira remained stable across Nigeria’s foreign exchange (FX) markets on Tuesday, as reduced dollar demand and…
FG to Issue N758bn Bonds to Clear Pension Debts, Boost Economy
The Federal Government of Nigeria has announced plans to issue bonds worth N758bn to clear outstanding pension…
Ghana Faces Revenue Dilemma Amid Proposed Tax Cuts
The Ghanaian government is considering removing key taxes, including the e-levy, betting tax, and emission levy,…
Africa’s Climate Crisis: A Struggle It Didn’t Cause but Can’t Escape
Despite contributing just 4% of global carbon emissions, Africa faces the worst consequences of climate change.…
EU to Disburse €150bn to Nigeria, Africa Under Global Gateway Initiative
The European Union (EU), through its Global Gateway initiative, has committed €150 billion to be disbursed by 2027…
CBN: Banking stocks surge 9.8% m/m as DMBs ramp up capital raising efforts
The Nigerian banking sector has seen a remarkable 9.8% month-on-month surge in banking stocks, driven by the…
AVA unveils money market fund
AVA Global Asset Managers Limited (AVA GAM) has launched its Money Market Fund, which has been approved by the…
Nigeria Urged to Adopt Asset-Based Financing for Economic Growth
As Nigeria aims to grow its economy to $1 trillion by 2030, experts have advised the Federal Government (FG) to…
FCMB Group Lists 19.8 Billion Shares on NGX Following Oversubscribed Public Offer
FCMB Group Plc has successfully listed 19.8 billion shares on the Nigerian Exchange Group (NGX) after a highly…
Cautious Optimism as Nigeria Lifts Zamfara Mining Ban Amid Rising Gold Demand
The Federal Government of Nigeria has lifted the five-year ban on mining activities in Zamfara State, a region…
Implications of rebasing Nigeria’s CPI to 2024: A double-edged sword
Nigeria has rebased its Consumer Price Index (CPI) to 2024, significantly affecting how inflation is measured.…
Asia-Pacific Markets Fall as Trump Imposes Sweeping Tariffs on Key Trade Partners
Asia-Pacific markets experienced significant losses on Monday following the announcement by U.S. President Donald…
SEC Reaffirms Commitment to Women’s Financial Inclusion in Nigeria
The Securities and Exchange Commission (SEC) has reiterated its dedication to fostering financial inclusiveness…
BUA Foods Posts Record N275bn Profit in 2024, Achieves 145.3% Growth
BUA Foods Plc has announced a remarkable 145.3% increase in profit after tax, reaching N274.95 billion for the…
Stock Market Gains Over N1 Trillion Amid Mixed Sentiments on Earnings and…
The Nigerian stock market experienced mixed sentiments last week as corporate earnings reports for Q4’24…
JP Morgan delegation meets Edun on investment opportunities
A high-level delegation from JP Morgan, led by Dapo Olagunju, Head of JP Morgan West Africa, met with Nigeria’s…
PenCom: Informal Sector RSA Holders Save N967m Under Micro Pension Plan
The National Pension Commission (PenCom) has disclosed that 12,241 Retirement Savings Account (RSA) holders in the…
Naira Strengthens as Nigeria Clears $7bn Forex Backlog, Boosting Market Confidence
The Nigerian naira appreciated by 3.68% against the U.S. dollar last week, closing at ₦1,474.78/$, following the…
Nigerian Equity Market Gains N1.1tn in One Week as ASI Hits 104,496.12
The Nigerian equity market recorded a significant gain of N1.1tn in one week, with the All-Share Index (ASI)…
Naira Appreciates to Seven-Month High, Gains N63 Against Dollar
Nigeria’s exchange rate strengthened significantly in January 2025, appreciating by N63.72 to close at N1,474.78…