Dollar Dips Amid Taiwan Currency Surge and Global Revaluation Buzz
The U.S. dollar weakened on Monday following a dramatic surge in the Taiwan dollar, which jumped over 7% in just…
Category: investment
Nigeria Emerges as Africa’s Fastest-Growing Web3 Developer Hub
Nigeria has become Africa’s fastest-growing Web3 developer hub, contributing 4% of all new global Web3 developers, the highest in the…
SEC Flags TOFRO as Suspected Ponzi Scheme, Warns Nigerians Against Investment
The Securities and Exchange Commission (SEC) has issued a public warning regarding TOFRO.COM (Tofro), an online cryptocurrency trading platform, labeling…
Dangote Rides Tariff Wave, Doubles Down on Urea Exports to U.S.
Aliko Dangote, President of Dangote Industries Limited, has signaled confidence in the face of new U.S. tariffs, announcing plans to…
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global Economic Headwinds
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary…
NGX Group Returns to Profit Growth as Income and Cost Efficiency Improve
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of…
Edo State Investment Forum Targets Global Investors for Economic Growth
Edo State is taking significant strides towards economic growth as it seeks to attract investors through the recently concluded Edo…
Nigerian Telcos Commit Over $1 Billion to Chinese Network Gear in Major Infrastructure Push
Telecommunication operators in Nigeria have placed orders exceeding $1 billion for network equipment from Chinese manufacturers, marking a significant investment…
Nigeria’s Cold Chain Market: A N160bn Goldmine for Investors Battling Post-Harvest Losses
Nigeria’s cold chain sector, valued at N160 billion as of 2023, is revealing massive investment potential as it struggles to…
Investors Shift to Emerging Market Debt as U.S. Treasurys Lose Safe Haven Status Amid Trump Tariffs
Following U.S. President Donald Trump’s announcement of tariffs in early April 2025, there has been a significant shift in investment…
UK’s Manufacturing Africa & TLG Capital Launch $200M Fund to Boost Nigerian Manufacturing Sector
In a move to inject fresh capital into Nigeria’s manufacturing sector, the UK government’s Manufacturing Africa program has partnered with…
CBN’s Financial Reforms Stabilise Nigeria’s Economy and Boost Investor Confidence
Since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN) in October 2023, a raft of…
SEC Pushes for Deeper African Capital Market Integration Through Strategic Cooperation
During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama,…
Nigeria’s Economic Reforms Gain Global Support, Strengthening Naira and Investor Confidence
At the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, Olayemi Cardoso, Governor of Nigeria’s…
NGX gains N966bn in holiday-shortened week
The Nigerian Exchange Limited (NGX) recorded a significant boost in market capitalisation, gaining N966 billion during a four-day trading week…
World Bank names Dangote member private sector investment Lab
The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling solutions…
Cardoso’s Global Diplomacy to Strengthen Nigeria’s Economy and Investor Confidence
In April 2025, during the International Monetary Fund (IMF) and World Bank’s Spring Meetings in Washington, DC, Central Bank of…
Nigerian Stock Market Soars by N342bn, Driven by Banking and Consumer Goods Stocks
Nigeria’s stock market experienced a notable rally on Wednesday, April 23, 2025, increasing by 0.53 percent, or N342 billion, as…
Foreign Block Trades Drive Nigeria’s Stock Market to N2.23tn in Q1 2025
In the first quarter of 2025, Nigeria’s stock market recorded impressive growth, with total transactions hitting N2.23 trillion. This surge…
Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic Challenges
Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of poverty,…
Brokers recommend “hold” on banking stocks as market sentiment improves
Market analysts are taking a cautious but optimistic stance on Nigeria’s banking sector, issuing a string of “Hold” recommendations on…
Arnergy Secures $18M to Scale Solar Energy Access Across Africa
Arnergy, a Nigerian-based leader in distributed renewable energy, has raised $18 million in fresh funding to ramp up solar energy…
Nigeria’s $630 Million Investment in Data Centres to Meet Surge in Internet Usage
As internet usage continues to soar, data centre operators in Nigeria are investing over $630 million to expand their facilities…
Nigeria’s Foreign Investment Surges to Two-Year High Amid High Yields and Rate Hikes
Foreign investment in Nigeria has surged to its highest level in over two years, largely driven by the Central Bank…
Top Nigerian Banks Post Record ₦17.3 Trillion in Gross Earnings, Profit Soars by 60% in 2024
In a year marked by economic hurdles, Nigeria’s top five banks – Zenith Bank, GTCO, UBA, Access Holdings, and First…
CBEX promoters won’t escape justice – SEC
The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge Exchange (CBEX), a…
Nigeria Lands $1.3B Mining Investment, Eyes $25B GDP Surge & $8B FX Boost — Alake
Nigeria just bagged a massive mining investment deal worth $1.3 billion, and it’s being called the biggest private sector-led mining…
Petroleum Experts Urge Fiscal Incentives to Boost Gas and Oil Investment in Nigeria’s Frontier Basins
Ahead of its 50th anniversary, the Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to implement…
EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion
The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid minerals sector, which is…
Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day
The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest rebound. The All-Share…