The Central Bank of Nigeria (CBN) has recorded a significant rise in investor interest at its most recent treasury bills auction, with total bids hitting N1.21 trillion, despite slightly reducing …
Banking, Finance & Investment
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Banking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeriaSecurity
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Banking, Finance & InvestmentBusinessBusiness and EconomyBusiness InsightsEconomyFinance & ServicesMarketsNigeria
First HoldCo Declares N25.13bn Dividend as 2024 Earnings Hit N3.21tn
First HoldCo Plc has announced a total dividend payout of N25.13 billion for the financial year ending December 31, 2024. The decision was approved at the company’s 13th Annual General …
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BusinessEconomyEntrepreneurshipINVESTMENTManufacturingNigeria
Yikodeen Gets $1.5m Boost from Aruwa Capital to Expand Safety Footwear Production in Nigeria
Nigerian safety footwear manufacturer, Yikodeen, has secured a $1.5 million investment from Lagos-based private equity firm, Aruwa Capital Management. The money will be used to expand Yikodeen’s factory, increase its …
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AfricaBanking, Finance & InvestmentFinance & ServicesINVESTMENTINVESTMENTMarkets
Standard Chartered Launches Global Campaign to Attract Affluent Investors, Emphasises Urgency in Wealth Planning
Standard Chartered Bank Limited has unveiled a new global marketing initiative tagged “Now’s Your Time for Wealth,” aimed at inspiring affluent clients to take decisive steps toward growing, protecting, and …
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Banking, Finance & InvestmentBusinessEconomyINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Sheds N274bn Amid Sell-offs in Large, Mid-Cap Equities
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session in the red, as widespread sell-offs in mid- and large-cap stocks led to a loss of N274 billion in market value. …
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BusinessDevelopmentEconomyINVESTMENTNigeriaReal Estate
Azuri Towers Offers Safe Investment as Eko Development Promotes Real Estate Hedge Against Inflation
As Nigeria continues to battle rising inflation and soaring interest rates, Eko Development Company Limited has highlighted real estate as a stable hedge for investors, positioning its flagship luxury project, …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesFintechNigeriaTechnology
Nigerian Loan Recovery Firm, Mida Technologies, Achieves 40% Success with Tech and Empathy
A Nigerian loan recovery company, Mida Technologies, says it is recovering up to 40 per cent of bad loans by using a human-focused approach supported by technology, breaking away from …
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AfricaASIADevelopmentDigital EconomyEconomyEnergyFinance & ServicesInfrastructureInternational RelationsINVESTMENT
EAAIF secures $325m for infrastructure expansion
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure group managed by Ninety-One, has secured a fresh $325 million in debt funding to support infrastructure projects across Africa …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
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AfricaBanking, Finance & InvestmentFinance & ServicesINVESTMENTMarketsNigeria
Nigerian Exchange Slips by N274bn as Sell-offs Hit Market
The Nigerian stock market ended Thursday on a negative note as widespread sell pressure among mid- and large-cap stocks caused investors to lose about N274 billion in market value. This …