FCMB Group Plc has recorded strong growth in its banking and non-banking operations, closing the 2024 financial year with total assets of N7.1 trillion. As of March 31, 2025, the …
Business and Economy
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Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesDigital EconomyMarkets
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Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyMarketsNigeria
First HoldCo Plc Sees N37bn Drop in Profit for Q1 2025 as Fair Value Loss Hits Earnings
First HoldCo Plc has recorded a drop in its profit for the first quarter of 2025, with total profit falling to N171.1 billion from N208.1 billion posted in the same …
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BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesDevelopmentEconomyInfrastructureINVESTMENTNigeriaReal Estate
Nigerian Developers Turn to Community Malls as Large Shopping Centres Face Challenges
Developers in Nigeria’s retail sector are changing their focus. Instead of building large shopping malls like before, many of them are now going for smaller, community malls also called neighbourhood …
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AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaGOVERNMENTRWANDARwanda DailyTravel & Tourism
Rwanda Records N3.6 Trillion Investment, Boosts Economy in 2024 – RDB Report
The Rwanda Development Board (RDB) has released its 2024 Annual Report, showing strong economic progress and major wins for the East African country. The report highlights key achievements across investments, …
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Business and EconomyEconomyFinance & ServicesNigeria
Nigeria’s Debt Servicing Hits N8.9tn in Nine Months, Exceeds 2024 Budget
Nigeria’s debt servicing costs rose sharply to N8.9tn in the first nine months of 2024, far exceeding the pro-rata budget of N6.2tn. A new report by Afrinvest revealed that the …
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Business and EconomyDevelopmentEventsInnovation
Nigerian Architects Seek Stronger Ties With Ariston Group Ahead of Lagos Forum
The Nigerian Institute of Architects (NIA) has paid a courtesy visit to Ariston Group to strengthen collaboration and appreciate the company’s contributions towards advancing architectural design in Nigeria. In a …
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AfricaAFRICA NEWSBusiness and EconomyBusiness Policies
Ride-Hailing Drivers Plan Nationwide Strike on May 1 Over Low Pay, High Commission
Thousands of ride-hailing drivers across major platforms including Uber, Bolt, Lagride, inDrive, and Rida are planning to stop work for 24 hours on May 1, 2025, over poor pay and …
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AfricaBusinessBusiness and EconomyCrimeCryptocurrencyCyber securityNigeriaTechnologyWestern Africa
SEC Warns Celebrities, Influencers Over Promotion of Meme Coins, Illegal Crypto Platforms
ABUJA — The Securities and Exchange Commission (SEC) has cautioned Nigerian celebrities and social media influencers against promoting digital asset platforms and meme coins that are not registered or licensed. …
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AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaEthiopiaFinance & ServicesTrade and Commerce
Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
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AfricaBusiness and EconomyInternational RelationsPoliticsTrade and Commerce
Trump Pauses Tariff Hikes for 90 Days—China Excluded
United States President Donald Trump has announced a temporary suspension of increased trade tariffs for all countries except China. The pause, which will last for 90 days, was made public …