Parallex Bank Limited has announced the appointment of Mrs Rachel Akhuetie as a Non-Executive Director and member of its Board of Directors, adding significant depth to the bank’s leadership with …
Banking, Finance & Investment
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesGOVERNMENTLeadershipNigeria
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Gains N1.71tn in One Week as Investor Confidence Grows
The Nigerian Exchange Limited (NGX) ended the past trading week on a bullish note, recording a sharp rise in investor sentiment that led to a N1.71 trillion boost in market …
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DevelopmentEconomyGOVERNMENTINVESTMENTReal Estate
FG to Build 77,400 Social Housing Units and Launch Renewed Hope Cities in Lagos, Abuja, and Kano
The Federal Government of Nigeria has announced a major housing initiative aimed at reducing the country’s housing deficit. Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the government plans to …
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigerian Stock Market Hits New Heights as Investor Confidence Soars, Adds ₦1.7 Trillion in One Week
The Nigerian equities market continued its impressive rally last week, gaining ₦1.7 trillion in market capitalisation as renewed investor confidence and solid macroeconomic fundamentals fueled strong buying activity. The market’s …
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AfricaDevelopmentEducationINVESTMENTTechnology
African Countries Move to Improve Education and Development to Attract Investors and Boost Growth
Many African countries are now giving more attention to improving education and national development as a way to grow their economies and bring in more investors. In a recent episode …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTTechnology
Coronation Merchant Bank Records 303% Profit Surge in 2024, Citing Strategic Repositioning and Value Creation
Coronation Merchant Bank has posted a remarkable 303 per cent rise in Profit After Tax (PAT) for the 2024 financial year, attributing the leap to deliberate strategic repositioning, operational discipline, …
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Banking, Finance & InvestmentBusinessDevelopmentEconomyLeadershipPolitics
Mauritania’s Dr Sidi Ould Tah Elected AfDB President as Nigeria’s Cardoso Wins Central Banker of the Year
Dr Sidi Ould Tah, a renowned economist and national of Mauritania, has been elected as the new President of the African Development Bank (AfDB). He will take over from Nigeria’s …
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DevelopmentEnergyInfrastructureINVESTMENTRwandaTransportation & Logisitics
Rwanda Targets Big Infrastructure Growth with Focus on Urban Planning, Housing and Energy
Rwanda’s Minister of Infrastructure, Jimmy Gasore, has shared the country’s latest plans to improve infrastructure and attract more investors. Mr Gasore said Rwanda is working on new policies that will …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTMarketsPoliciesSouth Africa
South African Rand Holds Ground as Central Bank Pushes for Lower Inflation Target
The South African rand managed to hold on to most of its gains from the previous day during early trading on Friday, May 30, 2025, following fresh comments from the …
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Banking, Finance & InvestmentBusinessInnovationINVESTMENTMarketsNews
Ecobank to Raise $250 Million to Strengthen Capital Base, Boost Pan-African Growth
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has secured approval from its shareholders to raise up to $250 million through an Additional Tier 1 (AT1) capital …