Moody’s Upgrades Ghana’s Ratings, Changes Outlook to Positive

Moody's Upgrades Ghana's Ratings, Changes Outlook to Positive Moody's Ratings...

25 Countries to Participate in Goge Africa Festival

No fewer than 25 countries and 20,000 tourists are expected to attend the forthcoming Goge Africa Festival, slated to hold from Oct. 26 to Oct. 27 at the Onikan

Market Regulator Issues Update on Transcorp, LASACO, Nigerian Breweries

Stock market regulator, the Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp), effective Thursday.

EFCC Declares Oil Mogul, Akinduro, Wanted over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Akinduro, wanted over alleged fraud.

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Moody’s Upgrades Ghana’s Ratings, Changes Outlook to Positive

Moody's Upgrades Ghana's Ratings, Changes Outlook to Positive Moody's Ratings...

25 Countries to Participate in Goge Africa Festival

No fewer than 25 countries and 20,000 tourists are expected to attend the forthcoming Goge Africa Festival, slated to hold from Oct. 26 to Oct. 27 at the Onikan

Market Regulator Issues Update on Transcorp, LASACO, Nigerian Breweries

Stock market regulator, the Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp), effective Thursday.

EFCC Declares Oil Mogul, Akinduro, Wanted over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Akinduro, wanted over alleged fraud.

Moody’s Upgrades Ghana’s Ratings, Changes Outlook to Positive

Moody's Upgrades Ghana's Ratings, Changes Outlook to Positive Moody's Ratings...

Kenya Reduces Benchmark Interest Rate to 12%

Kenya Reduces Benchmark Interest Rate to 12% With the aim...

Analysis

Oando Jumps by 451% in Q3-2024 on Successful Acquisition

Oando Jumps by 451% in Q3-2024 on Successful Acquisition Investors'...

Caverton Tops Market Performers amidst Wrong Earnings Report

Caverton Offshore Support Group Plc topped the list of best performing stocks on the Nigerian Exchange in September, according to stockbrokers notes.

UBA: Investors Witness Birth of Dividend Aristocrat

It has been long since the equities market witnessed an impactful dividend surprise by a banking group until UBA Group played a fresh dividend payment card that put its rivals into checkmate.

Oando Plunges after Sell Side Initiated Unusual Trade Volumes

After its recent past gaining streaks driven by strong earnings expectations, Oando Energy Plc gave up gains in  the equities segment of the Nigerian Exchange

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ECONOMY

Inside Africa

Investment

UBA, OANDO Drive Nigerian Exchange Higher by N58bn

UBA, OANDO Drive Nigerian Exchange Higher by N58bn Positive price...

FBN Holdings Keeps Uptrend Ahead of ‘Offer’ Pricing

FBN Holdings Keeps Uptrend Ahead of ‘Offer’ Pricing FBN Holdings...

Market Regulator Issues Update on Transcorp, LASACO, Nigerian Breweries

Stock market regulator, the Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp), effective Thursday.

EFCC Declares Oil Mogul, Akinduro, Wanted over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Akinduro, wanted over alleged fraud.

Equities Investors Wealth Rises as Nigerian Exchange Rally

Equities investors on the Nigerian Exchange (NGX) ended the trading activities for the week on a positive note as sentiment improved. Based on transactions

SPDC JV Partners Sign Agreement for $3.5bn Brass Fertiliser, Petrochemical Project

The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical

Financial Products

Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge

Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge It was seller market during the midweek in the secondary market as investors unbundled their naira asset...

Nigerian Big Banks Market Value Expands to N4.54 Trillion

Nigerian Big Banks Market Value Expands to N4.54 Trillion The...

Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond Market

Yield Hits 19.8% as Uncertainties Stoke Selloff in Bond...

Nigerian Equities Market Shrinks as Investors Lose N25bn

Nigerian Equities Market Shrinks as Investors Lose N25bn The equities...

Stanbic IBTC Adds Fixed Income Asset into Securities Lending Services

Stanbic IBTC Adds Fixed Income Asset into Securities Lending...

Naira Gains as Nigeria Records Additional FX Inflow

The Nigerian local currency, the naira, experienced a slight gain against the US dollar in the official FX market on Tuesday as Nigeria recorded additional foreign currency inflows into external reserves.

PFAs Invest 63% of Pension Assets in FG Securities

Pension Fund Administrators (PFAs) parked 63% of pension assets in federal governPension Fund Administrators (PFAs) parked 63% of pension assets in federal government debt securities as assets under management climbed to N20.2 trillion in May.ment debt securities as assets under management climbed to N20.2 trillion in May.

Ecobank Advises Businesses to take advantage of its Single Market Trade Hub

Ecobank Advises Businesses to take advantage of its Single Market Trade Hub

FGN Bond Selloffs Provoke 16bps Yield Surge

Investors sold off part of their bond holdings in the secondary market on Wednesday ahead of inflation data for the month of June, 2024.

Buying Interest in Financial Stocks Drives Midday Gain on NGX

With relatively healthy buying interest, GTCO, Access Holdings and UBA Plc were among other Nigerian banking names driving momentum on the Nigerian Exchange (NGX) during early trading hours on Wednesday.

FIN MARKET

25 Countries to Participate in Goge Africa Festival

No fewer than 25 countries and 20,000 tourists are expected to attend the forthcoming Goge Africa Festival, slated to hold from Oct. 26 to Oct. 27 at the Onikan

Market Regulator Issues Update on Transcorp, LASACO, Nigerian Breweries

Stock market regulator, the Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp), effective Thursday.

EFCC Declares Oil Mogul, Akinduro, Wanted over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Akinduro, wanted over alleged fraud.

Equities Investors Wealth Rises as Nigerian Exchange Rally

Equities investors on the Nigerian Exchange (NGX) ended the trading activities for the week on a positive note as sentiment improved. Based on transactions

SPDC JV Partners Sign Agreement for $3.5bn Brass Fertiliser, Petrochemical Project

The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical

Super Eagles 1-0 Victory a Huge Relief – Eguaveon

The Super Eagles Head Coach Augustine Eguavoen has described the one goal win against the Mediterranean Knights of Libya in the 2025 AFCON Qualifiers

IMF Lowers Borrowing Costs by 36%

The Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion

Cryptocurrency

Crypto Market Capitalisation below $2T as Bitcoin, Ethereum Fall

Market value of all cryptocurrencies declined sharply during early trading hours on Wednesday due to sustained Bitcoin, Ethereum selling rally.

Crypto Market Cap Falls to $2T over BTC, ETH Price Decline

The global cryptocurrency market capitalisation declined by about 2% on Friday due to tight price movement in Bitcoin, Ethereum. Bitcoin is trading at $59.500

Crypto Market Sinks as Bitcoin Plunges by 5.6%

The global crypto market cap fell sharply $2.08 trillion, a 5.43% decrease over the last day after massive price decline in Bitcoin.

Bitcoin Rebounds Nudges Cryptos Market Cap to $2T

The global crypto market cap has climbed back to $2 trillion mark after Bitcoin Rebounded from slopy side. 

Crypto Market Cap Sinks as Bitcoin Falls to $60,000

The market price of Bitcoin fell to $60,300 on Wednesday due to strong retail selloffs in major names in the cryptocurrencies markets. Due to selloffs, the global crypto market cap has dropped by 3.48% over the day to $2.23 trillion, while trade volume climbed to $67.31 billion.

$Davido Meme Coins Purely Speculative, Risky – SEC Warns

$Davido Meme Coins Purely Speculative, Risky – SEC Warns Tagged...

Crypto Market Cap Hits $2.62T as Bitcoin Crosses $70K

Bitcoin price is back trading above $70,000 after weeks of sideways price action across the market. The world’s largest digital cryptocurrency asset and other cryptocurrencies were rising early Wednesday.

Bitcoin Price Depreciation Drags Crypto Market Cap to $2.534T

Market data from cryptocurrency exchanges shows that the price depreciation of Bitcoin on the final day of May reduced the value of the entire cryptocurrency market to $2.53 trillion, a decrease of 0.11% from the previous day.

Fintech

Daba Finance Wins 2024 Ecobank Fintech Challenge, Gets $50,000

Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flagship Ecobank Fintech Challenge 2024.

Flutterwave Obtains Payment Systems Operator License in Uganda

Flutterwave has received a Payment Systems Operator (PSO) license from the Bank of Uganda. This marks a key milestone in Flutterwave's expansion across Africa

Moniepoint Calls for Collaboration to Boost Financial Inclusion

Moniepoint Calls for Collaboration to Boost Financial Inclusion Fintech company,...

Kuda, SeerBit Partner to Enhance Seamless Online Transaction

Kuda, SeerBit Partner to Enhance Seamless Online Transaction Kuda, a...

PalmPay Named Among Top 250 Fintech Companies in the World

PalmPay Named Among Top 250 Fintech Companies in the...