Ghana Cedi’s Strong Recovery Marks Economic Turnaround – Ato Forson
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has highlighted the recent appreciation of the Ghana cedi as a key sign…
Category: investment
Intel Considers Sale of Networking and Edge Business to Refocus Core Strategy
Intel is reportedly exploring the sale of its networking and edge (NEX) business as part of a broader strategic shift…
FX Market Turnover Rises to $1.76bn Amid Sharp Decline in Derivatives Activity
The Nigerian foreign exchange (FX) market recorded a slight uptick in trading activity last week, with total turnover across the…
Nigeria’s exit from FATF grey list will increase investor confidence, says SEC
Nigeria’s anticipated removal from the Financial Action Task Force (FATF) grey list is expected to significantly enhance investor confidence and…
Cornelius Renews Push for Canada-Nigeria Investment Pact Ratification Ahead of 2025 Fintech Summit
Pan-African economic strategist and faith leader Cornelius Olajide Babalola has issued a renewed call for the final ratification of the…
Nigeria Signals Readiness to Boost Trade and Investment Ties with U.S., Says Envoy
Nigeria has reaffirmed its readiness to strengthen trade and investment ties with the United States, according to Ambassador Abubakar Jidda,…
European DFIs Invest $80M in BluePeak Fund to Support Africa’s Mid-Market Growth
Four European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have…
U.S.-Iran Deal Impact Weighs on Nigerian Crude, Obodo Oil Debuts Amid Global Market Shifts
Nigerian crude oil is facing mounting pressure in the global market due to potential negotiations between Iran and the United…
Foreign Investors Withdraw N420bn from Nigerian Stock Market Amid Economic Instability
In the first quarter of 2025, foreign investors pulled out a massive N420.37 billion from the Nigerian Stock Exchange (NGX),…
TensorWave Raises $100M to Accelerate AI Infrastructure Growth with AMD-Powered GPU Clusters
Las Vegas-based AI infrastructure startup TensorWave has successfully raised $100 million in a significant Series A funding round, announced on…
Lagos Rakes in Over N1 Trillion in Investments, Sets Sights on 2025 Economic Growth
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within…
Foreign Portfolio Outflows Surge 251% in Q1 2025 Amid Economic Reforms and Global Tensions
In the first quarter of 2025, foreign portfolio outflows from Nigeria’s equities market surged to N420.37 billion, reflecting a significant…
Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new…
Nigerian Stock Market Sees 0.4% Dip Amid Profit-Taking, Analysts Forecast Market Rebound
The Nigerian Exchange Limited (NGX) began the week on a negative note, with the All Share Index (ASI) dipping by…
Global Fund Managers Slash Dollar Exposure Amid U.S.-China Trade Thaw
In May, global fund managers marked their most significant retreat from the U.S. dollar since 2006, according to Bank of…
Gov’t Misses GHS169m T-Bill Target as Yields Continue to Dip-GHANA
The Bank of Ghana’s latest auction results revealed that the government missed its T-bill target by GHS169 million. The government…
Improved earnings, dividend payment lift investors’ fortune by N180 billion
In the first quarter of 2025, Nigerian investors have seen their fortunes rise by approximately N180 billion, driven by strong…
Experts cautions against idle deposits as banks grow investment securities to N41.7trn
In the first quarter of 2025, eight major Nigerian banks, including Access Holdings, Zenith Bank, and United Bank for Africa…
NGX Market Surge Adds N1.69tn in Capitalisation Amid Trading Boom
The Nigerian Exchange Limited (NGX) saw an impressive surge in market activity, with investors trading 2.645 billion shares worth N77…
From Aid to Industry: How Africa’s Informal Sector and Youth Could Drive Inclusive Growth
For decades, many African nations have relied heavily on foreign aid to fund healthcare, education, and emergency relief. But in…
Bank of Ghana Warns Public About Foreign Investment Scams
The Bank of Ghana has issued a strong warning to the public regarding the growing threat of illegal foreign investment…
CBN Sells N598.3bn NT-Bills Amid Liquidity Surge in the Market
On May 7, 2025, the Central Bank of Nigeria (CBN) held a successful Nigerian Treasury Bill (NTB) auction, raising a…
Airtel Africa Gears Up for Airtel Money IPO, Projects H1 2026 Listing and Robust Financial Performance
Airtel Africa is making significant strides in its preparation for the IPO of Airtel Money, its mobile money service, with…
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…
African Startups Raise $803M in Early 2025, Signaling Strong Tech Sector Rebound
In a strong indication of recovery, African startups have collectively raised $803 million in funding between January and April 2025—a…
OpenAI to Halve Microsoft Revenue Share Amid Corporate Restructuring
OpenAI has informed investors that it plans to significantly reduce the share of its revenue going to Microsoft as part…
African Start-ups Raise $803M in Q1 2025 as Investor Confidence Rebounds
African start-ups raised a remarkable $803 million in Q1 2025 across 163 deals, marking a 43% increase from the same…
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…
Emerging Market Bonds Surge as U.S. Treasurys Lose Safe-Haven Status Amid Trump’s Tariffs
In the wake of U.S. President Donald Trump’s announcement of new tariffs, investors are increasingly turning to emerging market local…
Investors Gain N412bn as NGX Opens Week Strong with Broad-Sector Rally
The Nigerian Exchange (NGX) kicked off the week with solid momentum as investor confidence fueled a 0.62% surge in the…