The Nigerian Securities and Exchange Commission (SEC) has announced that cryptocurrencies and other digital assets are now officially classified as securities under the new Investments and Securities Act (ISA) 2025. …
Economy
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BusinessCryptocurrencyEconomyFinance & ServicesINVESTMENTNigeriaTechnology
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesINVESTMENTMarkets
United Capital Records 113% Revenue Growth, Posts N5.9bn Profit in Q1 2025
United Capital Plc, a Nigerian investment banking and financial services firm, has reported a strong start to 2025 with a 113 per cent rise in revenue for the first quarter …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyINVESTMENTMarketsNigeriaPolicies
Wema Bank Grows Profit by 270%, Posts N35.8bn in Q1 2025 Amid Strong Interest Income and Cost Control
Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
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Banking, Finance & InvestmentBusiness PoliciesEconomyKenyaKenya NewsMarketsPolicies
Kenyan Banks Increase Secured Interbank Borrowing to KSh69.6 Billion in April 2025
Kenyan banks are now relying more on secured borrowing to manage their short-term funding needs, as the value of secured interbank lending doubled in just one month. According to official …
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BusinessBusiness and EconomyBusiness InsightsEconomyGlobal NewsGOVERNMENTINVESTMENTLeadershipMarkets
Warren Buffett to Step Down as Berkshire Hathaway CEO After Nearly 60 Years, Greg Abel to Take Over by End of 2025
Warren Buffett, the popular American billionaire investor, has announced that he will step down as the Chief Executive Officer (CEO) of Berkshire Hathaway, the investment company he has led for …
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CorruptionEconomyEnergyFinance & ServicesGOVERNMENTNigeriaOil & GasWestern Africa
How AGF report, refinery scandal ended Kyari’s reign
The former Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently facing serious scrutiny over how billions of dollars meant for Nigeria’s …
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Banking, Finance & InvestmentEconomyGOVERNMENTMarketsPolicies
Nigeria’s bond demand declines amid rate hike worries
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
CBN cuts Ways & Means by 59% in boost for reforms
The Central Bank of Nigeria (CBN) has reduced its Ways and Means advances to the Federal Government by 59 percent, signalling a new phase of fiscal discipline under the leadership …
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AfricaBusinessBusiness InsightsEconomyEnergyFinance & ServicesGOVERNMENTMarketsNigeriaOil & Gas
Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
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AfricaAgricultureBusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyGOVERNMENTINVESTMENTManufacturingPoliciesTrade and Commerce
NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …