Anxiety Over Earnings Pushes Indices Up By N327 Billion In July
Anticipation of improved half-year (H1) earnings and accompanied dividend declarations triggered bargain-hunting on…
Twitter’s Dorsey Leads $29 Bln Buyout Of Lending Pioneer Afterpay
Square Inc (SQ.N), the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay…
Crypto Sector Sees Outflows For 4th Week In A Row, CoinShares Data Shows
Cryptocurrency investment products and funds posted outflows for a fourth consecutive week, the bulk of which came…
StanChart Resumes Dividends And Buybacks As Profit Recovers
Standard Chartered PLC (STAN.L) posted a higher than expected 57% jump in first-half pretax profit and announced a…
SSE Makes $1.7 Bln Scotia Gas Exit In Low-Carbon Push
Britain's SSE (SSE.L) on Monday agreed to sell its entire 33.3% stake in Scotia Gas Networks (SGN) for 1.225…
Exclusive ADB, Citi, HSBC, Prudential Hatch Plan For Asian Coal-Fired Closures…
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising…
CBN FX Policies Discouraging Foreign Investors—Muda Yusuf
The immediate past director-general (DG) of the Lagos Chamber of Commerce Industry (LCCI), Mr Muda Yusuf, has…
ABCON Keeps Mum On CBN’s Sanction
Alhaji Aminu Gwadabe, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), has…
External Reserves Gain $280m In Two Weeks
The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest…
Apapa, Tin Can Ports Independent Marketers Send SOS Over Customs’ Activities
Independent marketers at the Apapa and Tin Can Island seaports in Lagos have sent a distress call to the Federal…
MTN Nigeria To Invest $1.5 Billion To Expand Broadband Over Three Years
MTN Nigeria plans to invest 600 billion naira ($1.5 billion) over the next three years to expand broadband access…
Canada GDP: Economy Shrank In May But Picked Up In June With Reopening
Statistics Canada says real gross domestic product (GDP) contracted 0.3 per cent in May during lockdowns,…
New CBN Forex Policy A Step In The Right Direction But…
Until recently, the Central Bank of Nigeria expended nearly half a billion dollars every month in meeting the…
Russia’s Oil, Condensate Output Rises Amid Higher OPEC+ Quotas
Russia increased oil production in July for the first time in three months, after more generous quotas were…
The Restriction Of Forex To BDC Operators
In a major policy shift, the Central Bank of Nigeria (CBN) last week halted the sale of foreign exchange…
NNPC Continues FAAC Deductions, To Withhold N174.4bn In August
The Nigerian National Petroleum Corporation (NNPC) is continuing its regime of deduction from the federation…
United Kingdom Climate Investment and Foreign Secretary Dominic Africa Back Green…
Foreign Secretary Dominic Raab today welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to…
Kasada Leverages Hospitality Fund With Development Finance Institution Debt…
Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality…
Vuna Partners Lands Commitment From Fund-Of-Funds
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South…
‘5G Deployment Will Boost Connectivity, Consumer Experience’
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has…
Nigerian FinTechs Are Building More Solutions To Improve Lives And Businesses –…
Young founders of FinTechs firms are now building more solutions aimed at improving the lives of individuals and…
NESG Urges Federal Government To Intensify Actions For Economic Growth
The Nigerian Economic Summit Group (NESG), an economic think tank has called on the federal government to intensify…
Imperial Strikes Deal For J&J With Carlyle, Ethos, Ninety One, And Others
IMPERIAL Holdings has reached an agreement to buy 100 percent of the J&J Group for an enterprise value of $300…
South African Fintech Startup Yoco Reels In Large Series C From New And Existing…
Yoco, a South African based fintech that helps small businesses, has closed an $83 million Series C round taking…
AgDevCo Backs Banana Estate In Mozambique
AgDevCo, a specialist investor in African agriculture, has struck its second new deal this month by backing a…
Emerging Africa Infrastructure Fund (EAIF) Agrees Debt Investment In Ivorian Hydro…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) …
Nigeria’s Loans From World Bank, AFDB Rise To $14.35bn Under Buhari
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June…
Stock Market Dips by 0.3 Per Cent
Trading in the shares of Transnational Corporation of Nigeria, Oando and Fidelity Bank Plc dominated in volume…
Foreign Investors Exit Takes Toll As Stock Market Decline By N973.2bn In Seven…
Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian…