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South Africa Faces Headwinds, Debt-GDP Ratio Jumps to 70%

South Africa’s economy is facing mounting economic and social challenges, the executive board of IMF

NGX Stops Loss, Investors Gain N126bn

The Nigerian Exchange (NGX) stopped loss on Tuesday as equities investors’ buying sentiment drove the market

Treasury Bills Traded Cold as CBN Holds Auction

The Nigerian Treasury bills (NTB) market recorded a cold outturn again as local deposit money banks ...

Naira Steadies amidst Uneasy Forex Market Calm

In an uneasy forex marker calm, the Nigerian naira traded steadily against the United States (U.S) dollar

Fresh stories

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South Africa Faces Headwinds, Debt-GDP Ratio Jumps to 70%

South Africa’s economy is facing mounting economic and social challenges, the executive board of IMF

NGX Stops Loss, Investors Gain N126bn

The Nigerian Exchange (NGX) stopped loss on Tuesday as equities investors’ buying sentiment drove the market

Treasury Bills Traded Cold as CBN Holds Auction

The Nigerian Treasury bills (NTB) market recorded a cold outturn again as local deposit money banks ...

Naira Steadies amidst Uneasy Forex Market Calm

In an uneasy forex marker calm, the Nigerian naira traded steadily against the United States (U.S) dollar

South Africa Faces Headwinds, Debt-GDP Ratio Jumps to 70%

South Africa’s economy is facing mounting economic and social challenges, the executive board of IMF

Fitch Affirms Namibia at ‘BB-‘ with Stable Outlook

Fitch Ratings Affirmed Namibia’s ‘BB-‘rating with an outlook accorded as stable, saying the ratings

Analysis

FBNH Slumps as Femi Otedola Sells Direct Shareholding

FBN Holdings Plc has inched to about N512 billion in market valuation as the group released its audited financial

Nigeria’s Tier-1 Banks Market Valuation Spikes to N3trn

Nigeria’s top five banks’ combined market valuation has inched near N3 trillion, according to stock market ...

FCMB Market Value Rises to N91bn as Insiders Acquire 13.777m Shares

Diversified financial service group, FCMB Plc, has seen its market valuation making an uptrend

Zenith Bank Races Toward Trillion Naira Valuation

Zenith Bank Plc continues to race toward a trillion naira valuation in the month of May

Latest Business

ECONOMY

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Inside Africa

South Africa Faces Headwinds, Debt-GDP Ratio Jumps to 70%

South Africa Faces Headwinds, Debt-GDP Ratio Jumps to 70%

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South Africa’s economy is facing mounting economic and social challenges, the executive board of IMF
Fitch Affirms Namibia at 'BB-' with Stable Outlook

Fitch Affirms Namibia at ‘BB-‘ with Stable Outlook

0
Fitch Ratings Affirmed Namibia’s ‘BB-‘rating with an outlook accorded as stable, saying the ratings
IMF Approves $20.7m Loan for Sierra Leone

IMF Approves $20.7m Loan for Sierra Leone

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The Executive Board of the International Monetary Fund (IMF) has announced the completion of the sixth and seventh

Investment

Nigerian Bourse Sustains Uptrend Despite Rate Hike

The equities market booms over solid buying momentum as monetary authority pushed the benchmark interest rate

NGX inches Higher as Banking Stocks Rally

The Nigerian Exchange (NGX) maintains an uptrend as banking stocks rally as the market

Treasury Bills Traded Cold as CBN Holds Auction

The Nigerian Treasury bills (NTB) market recorded a cold outturn again as local deposit money banks ...

Naira Steadies amidst Uneasy Forex Market Calm

In an uneasy forex marker calm, the Nigerian naira traded steadily against the United States (U.S) dollar

Forex Traders See USD Declining After Meeting Resistance

The foreign exchange (forex) pair has largely been subdued by the dollar’s mood swings, but technical analysis

Reddit to Downsize Workforce Amid Restructuring

Social media company Reddit is laying off roughly 90 employees and slowing hiring as it restructures key parts

Financial Products

Stanbic IBTC Bank Offers 50% Loan Concession for Female Entrepreneurs

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has announced a discounted loan

T-Bills Buying Intensified Ahead of CBN Auction

Supported by a buoyant liquidity level, the Nigerian Treasury bill (NTB) buying intensified in the secondary market

Yield Tracks Below 14% as FGN Bonds Rally

The average yield on Federal Government of Nigeria (FGN) bonds declined amidst a sustained demand

Yield Slumps over Sustain Treasury Bills Buying

Robust liquidity in the financial system continues to sustain Nigerian T-bill buying by deposit money banks

Bonds Rally after Market Sensitive Inaugural Speech

The average yield on Federal Government of Nigeria (FGN) bonds decline on Tuesday following ...

Yield Crashed to 6.6% as Nigerian Treasury Bills Rally

The average yield on Nigerian Treasury bills crashed further on Tuesday as the equities market

Nigerian Exchange Jumps by N428bn as Financial Stocks Rally

The Nigerian Exchange, NGX, rose by N428 billion following buying interest in large, mid, and small

FGN Bonds Yields Drop as Liquidity Spurs Rally

FGN Bonds Yields Drop as Liquidity Spurs Rally Nigeria’s bond...

Treasury Bills Market Rallies After Spot Rates Slump

The average yield on the Nigerian Treasury bill declined by four basis points in line with downward spot rates

Bonds, Treasury Bills Trade Quiet Ahead of CBN Decision

Bonds and Treasury bills yield steady as the market awaits the central bank of Nigeria’s decision on key policy rates.

FIN MARKET

NGX Stops Loss, Investors Gain N126bn

The Nigerian Exchange (NGX) stopped loss on Tuesday as equities investors’ buying sentiment drove the market

Treasury Bills Traded Cold as CBN Holds Auction

The Nigerian Treasury bills (NTB) market recorded a cold outturn again as local deposit money banks ...

Naira Steadies amidst Uneasy Forex Market Calm

In an uneasy forex marker calm, the Nigerian naira traded steadily against the United States (U.S) dollar

Forex Traders See USD Declining After Meeting Resistance

The foreign exchange (forex) pair has largely been subdued by the dollar’s mood swings, but technical analysis

Reddit to Downsize Workforce Amid Restructuring

Social media company Reddit is laying off roughly 90 employees and slowing hiring as it restructures key parts

FG Ratifies Six Maritime Conventions, Protocols

FG Ratifies Six Maritime Conventions, Protocols The Federal Government has...

Commonwealth Trade Ministers Meeting Paves Way for Inclusive Digital Transition

The 2023 Commonwealth Trade Ministers meeting concluded today with a strong emphasis on cooperation for resilient, inclusive, green, and digital economies.

BLOCKCHAIN

Cryptocurrencies Crash as Investors Pull Out $780m from Binance

Cryptocurrencies Crash as Investors Pull Out $780m from Binance

EU’s Crypto Legislation to Drive Cryptocurrency Prices

The EU Parliament’s passing of the Markets in Crypto Act, or MiCA, has been hailed as a “landmark moment”

Top Cryptocurrencies Struggle for Direction

Amidst uncertainties and rising demand for regulation in developed economies, most major digital assets

Yellow Card Pushes for Crypto Awareness, Adoption

Yellow Card, a Pan African cryptocurrency exchange platform, says it has intensified efforts ...

Bitcoin Tests $31K as Top Cryptocurrencies Rally

Most major digital assets were trading higher on Friday, with Bitcoin (BTC-USD) testing $31,000 mark

Bitcoin Trades Above 30K, 10-Month High

Bitcoin touched a fresh 10-month high at $30,438 on Tuesday before last fetching $30,053, after breaking free

Cryptocurrency Market Trades in Green

Gaining momentum, the global cryptocurrency market capitalisation inched to $1.19 trillion, a 0.93% increase

Dogecoin Sinks after Twitter’s Logo Switch

Cryptocurrency traders reacted negatively as Dogecoin sinks following Twitter's logo display switch doge

Dogecoin Climbs as Elon Musk Seeks to End Lawsuit

Dogecoin climbs $0.002 or 2.66% to $0.077 as Elon Musk asked a U.S. judge on Friday to throw out

Bitcoin Price Slides over Profit-Takings

The world's largest digital asset, Bitcoin, in addition to other cryptocurrencies traded bearish

Bitcoin Slumps after CFTC Files Suit against Binance

Bitcoin (BTC) plunged below $27,000 after the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit

Fintech

MultiChoice, Partners Launch Payment Platform

MultiChoice, Rapyd, and General Catalyst announced a joint venture to develop payment platform

HabariPay Records N945m Profit in First 6-Month

Guaranty Trust Holding Company Plc.’s HabariPay Limited delivered an impressive earnings performance

M-Kopa Raises $255mn to Fund Expansion

M-Kopa, African financing platform, has signed a total of $255 million in new debt and equity from Standard Bank

Visa Unveils Global Competition for Fintech Startups in Nigeria

Visa, a leading digital payments company, has unveiled the 2023 edition of the Visa Everywhere Initiative (VEI)

Tech Firm Launches App for Offline Transactions

Amidst the drive for a cashless economy in Nigeria, a tech firm based in Benin City, Edo, DPG Soft Solutions