Guinea Insurance Targets N1.75bn Premium Boost with Strategic Vision
Guinea Insurance has announced a projection of N1.75 billion in gross premium written for the first quarter of…
Indonesia’s 2024 Budget Deficit Lower Than Expected at 2.3% of GDP
Indonesia's unaudited budget deficit for 2024 stood at 507.8 trillion rupiah ($31.38 billion), or 2.29% of GDP,…
How Edun inspired over $10bn inflows into Nigeria
In 2024, Nigeria witnessed significant economic progress under Finance Minister Wale Edun, who facilitated $9.09…
FCMB Group Plc Announces Successful Completion Of Its Public Offer, Raises ₦147.5…
FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the…
CBN’s 2024 Agenda Focused on Combating Inflation and Driving Economic Reforms
In 2024, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, implemented bold monetary policies to…
Fed May Cut Rates by Over 50 Basis Points in 2025 Says BCA Research
BCA Research predicts the Federal Reserve will ease interest rates by more than 50 basis points in 2025, exceeding…
CIS urges FG to leverage commodities ecosystem for GDP growth
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government (FG) to prioritize the development…
Banks’ capital adequacy ratio rose to 14% in Q3 –CBN
The Central Bank of Nigeria (CBN) reported that the banking sector's Capital Adequacy Ratio (CAR) rose to 14.01%…
Exclusive: China plans record $411 billion special treasury bond issuance next…
According to sources familiar with the plan, China is set to issue 3 trillion yuan ($411 billion) in special…
EIU projects improved Eurobond issuance in 2025
The Economist Intelligence Unit (EIU) forecasts a surge in Eurobond issuance across West Africa in 2025, driven by…
AfDB’s SEFA Invests $20m in ARM-Harith, ACV Fund to drive sustainable…
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has committed $20 million to drive…
Market Cap Adds N138bn Amid Demand for 54 Stocks
Ahead of the Christmas celebrations, the Nigerian Exchange Limited (NGX) started the week positively, with the…
Net Forex inflow rises 70% to $42 bn
Nigeria’s net foreign exchange inflows surged by 70.5% year-on-year (YoY) to $42.06 billion in the first nine…
UK Economy Stagnates in Q3 as Challenges Mount for Starmer Government
Britain's economy recorded zero growth in the third quarter of 2024, according to revised figures from the Office…
Wall Street Opens Higher as Investors Welcome US Inflation Data
U.S. stock futures pointed to a positive start on Wall Street after last week’s U.S. inflation data fueled…
Stakeholders leverage AfCFTA, fintech listings for capital market growth
Nigeria’s capital market has been identified as a critical driver for achieving the government’s $1 trillion…
The equities market gains N1trn as ASI crosses 100,000-point mark
The Nigerian equities market reached a significant milestone last week as the NGX All-Share Index (ASI) crossed…
Innovation Crucial for Addressing Nigeria’s Energy Challenges
Manufacturers in Nigeria's electrical and electronics sector have been urged to leverage innovation to address the…
Market Outlook for 2025 Amid Trump Return and Federal Reserve Decisions
As President-elect Donald Trump prepares to return to the White House, U.S. investors anticipating significant…
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to…
In 2024, global markets have experienced a surprising surge, with world stocks on track for their second…
Festivity and Energy Costs Expected to Drive Inflation Surge in December
Analysts predict that Nigeria's headline inflation will rise to 34.91% year-on-year in December due to seasonal…
Investors Gain Over N1 Trillion in Five Days as Nigerian Stock Market Surges
The Nigerian stock market witnessed a remarkable rally, with the All Share Index (ASI) recording a 35.2%…
Net forex inflow fell to $14bn in Q3 – CBN
The Central Bank of Nigeria (CBN) reported a 2.97% decline in net foreign exchange inflow in Q3 2024, totaling…
Brace! Risks stack up for the global economy in 2025
The global economy, having weathered the challenges of inflation and post-pandemic recovery in 2024, faces…
FG Restate Commitment to Digitisation of Livestock Sector
The federal government has reaffirmed its commitment to leveraging innovative technology for sustainable…
Macro Economic Challenges Thrust 12 Banks’ Operating Expenses to N5.18tn
Twelve Nigerian banks listed on the Nigerian Exchange Limited (NGX) reported a combined operating expense of N5.18…
PenCom, finance ministry working to pay retirees – DG
The National Pension Commission (PenCom) is partnering with the Ministry of Finance to address delays in retirees’…
FCMB Group Shareholders Approve N340 Billion Capital Raise
FCMB Group Plc has secured shareholder approval to raise N340 billion in capital to strengthen its banking…
Naira rebound seen in 2025 on higher FX inflows
The naira is expected to recover in 2025, driven by increased foreign exchange inflows, reduced petrol and food…
Zest AI secures $200 million to expand credit tech and pursue acquisitions
Zest AI, a credit underwriting solutions provider, has secured a $200 million growth investment from its long-time…