CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital…
Category: investment
Nigeria reaffirms strong ties with US amid global uncertainty
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic…
Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits and Dividends in 2024
Despite Nigeria’s economic struggles, including high inflation, a depreciating naira, and rising interest rates, both banks and manufacturing companies have…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per…
MAN Warns U.S. Tariff Could Derail Nigeria’s N55trn Budget, Threaten AfCFTA Ambitions
The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on Nigerian goods…
Investors Cautious as NGX Sheds N440bn Amid Economic Jitters
The Nigerian Exchange (NGX) faced a sharp downturn last week, with market capitalisation dropping by N440.51 billion to settle at…
Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh
The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a…
Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus
The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped…
Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space
Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking…
Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution
The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36…
Enugu issues 5MW power licence, boosts private sector participation in electricity market
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish…
Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War
Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald Trump’s announcement of…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming…
MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering,…
Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers
The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership
The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving…
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 major milestone for Nigeria’s…
NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion
The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218%…
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 operationalising the Climate Change…
NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus
The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53%…
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 and gained N100.45…
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 Trump’s tariffs. On April 7,…
Investor Confidence Rises as Nigerian Banks Secure N2.4 Trillion in Q1 2025 Capital Raise
In the first quarter of 2025, Nigerian banks raised an impressive N2.4 trillion through the capital market as part of…
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 continuing the bearish…
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 4,…
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 year ending…
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 significantly impacted Japanese…