Foreign investors have shown renewed confidence in Kenya’s capital market after years of weak participation, as their purchases of shares at the Nairobi Securities Exchange (NSE) hit a four-year high …
Business
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Kenya’s trade relationship with China has continued to grow, but figures released for the first quarter of 2025 show that the balance remains heavily tilted in favour of Beijing. According …
- BusinessCorporate AffairsFinanceInsuranceINVESTMENTNigeria
NSIA Insurance Reports N30.15bn Premium Growth, PBT Hits N3.44bn in 2024
NSIA Insurance Limited has announced a 35 per cent growth in its composite Gross Written Premium, which rose to N30.15bn in 2024 from N22.29bn recorded in 2023. The company disclosed …
Addosser Finance has opened its first regional branch in Ibadan, Oyo State, as part of efforts to expand access to finance and empower small and medium-sized enterprises (SMEs) as well …
- BusinessCorporate StrategyFinanceInsuranceNewsNigeriaRegulation
Lasaco Assurance Moves to Transfer Annuity Business to Cornerstone Insurance
Lasaco Assurance Plc has announced plans to transfer its annuity business portfolio to Cornerstone Insurance Plc as part of a broader strategic realignment within the company. The announcement was contained …
- BankingBusinessEconomyFinanceMergers and AcquisitionsTechnology
Union Bank Assures Customers of Smooth Services After Titan Trust Merger
Union Bank of Nigeria has assured its customers that banking services will continue without disruption following the completion of its merger with Titan Trust Bank Limited. The bank gave the …
- AviationBusinessEconomyOil & GasPoliticsRegulation
Helicopter Operators Reject $300 Landing Fee as Aviation Ministry Redirects Charge to Oil Companies
A quiet but tense standoff has continued between the Ministry of Aviation and Aerospace Development and helicopter operators in Nigeria following the reintroduction of a $300 landing fee ordered by …
- BusinessEconomyFinanceInternationalPoliticsStock Market
European Stocks Hold Steady as Chinese Tech Shares Rally and Bond Yields Surge
European stock markets remained steady on Monday as a surge in Chinese technology stocks lifted investor sentiment, while European long-dated bonds came under heavy pressure. The latest trading reports showed …
- BusinessEconomyEmploymentFinanceInflationManufacturing
Nigeria’s Private Sector Records Stronger Growth in August as Inflation Eases
Nigeria’s private sector recorded stronger growth in August 2025 as improved customer demand and easing inflationary pressures boosted business activity, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ …
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Naira Strengthens Slightly at Official Market as Reserves Hit $41.27bn
The naira recorded a slight gain on the Nigerian Foreign Exchange Market on Friday, closing at ₦1,531.57 per dollar. This marked a 0.23 per cent appreciation compared to the previous …