Nigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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- BusinessCommoditiesEconomyFinanceINVESTMENTMiningSouth Africa
South African Rand Falls as Investors Await Key Economic Data
The South African rand weakened in early trading on Tuesday as investors awaited the release of key domestic economic indicators that could provide fresh insight into the country’s financial outlook. …
- BusinessEconomyGlobal DevelopmentInfrastructureINVESTMENTTechnology
Google to Invest $15 Billion in Building Massive AI Hub in Southern India
Google has announced a major $15 billion investment plan to build a new data centre hub dedicated to artificial intelligence (AI) development in southern India. The project, which will be …
- BusinessCorporate AffairsFinanceInsuranceTechnology
Capital Express Life Assurance Grows Revenue by 32%, Strengthens Capital Base
Capital Express Life Assurance Limited has reported a 32.11 per cent increase in its insurance revenue, rising to N7.2 billion at the end of 2024 from N5.45 billion in the …
- AviationBusinessEconomyTradeTransportation & Logisitics
Foreign Airlines Accused of Frustrating Cargo Clearance at Nigerian Airports
Licensed freight agents under the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) have accused some foreign airlines of causing delays in cargo clearance at Nigerian airports …
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Polaris Bank Wins Digital Bank and MSME Bank of the Year at 2025 BAFI Awards
Polaris Bank has reaffirmed its leadership in Nigeria’s digital banking space by winning two major honours — the Digital Bank of the Year and Best Bank for Micro, Small and …
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Stanbic IBTC Leads Financial Arrangement for UAC’s Acquisition of CHI Limited
Stanbic IBTC Holdings Plc has played a major role in the acquisition of CHI Limited by UAC of Nigeria Plc, acting as the mandated lead arranger and delivering a full …
- BusinessEconomyFinancial InclusionInnovationRural Development
Jumia Expands Rural E-Commerce Reach with New Report Highlighting Digital Inclusion
Jumia, one of Africa’s leading e-commerce platforms, has launched the second edition of its flagship report titled “E-Commerce in Rural Areas,” highlighting how digital retail is transforming underserved communities across …
- BusinessDevelopmentEconomyFinanceINVESTMENTRegulation
SEC Says Nigeria’s Non-Interest Capital Market Hits N1.6tn as Investors Embrace Ethical Finance
Nigeria’s non-interest capital market has grown to over N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical and non-interest finance, according to the Securities and Exchange Commission (SEC). …
- BusinessDevelopmentFinanceINVESTMENTRegulation
SEC Backs Islamic Finance as Key to Investment Growth and Financial Inclusion in Nigeria
The Securities and Exchange Commission (SEC) has identified Islamic finance as a major driver of investment growth and a vital tool for promoting financial inclusion in Nigeria and across Africa. …