The President and Chairman of the Governing Board of the Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade, has warned members of the council to strictly adhere to …
Finance & Services
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BusinessFinance & ServicesGOVERNMENTInsuranceNigeria
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusiness and EconomyEconomyFinance & ServicesNewsPoliciesSouth Africa
South African Inflation Expectations Crushed
South African analysts, business leaders, and trade unions have lowered their inflation expectations for the coming years, according to the latest survey released on Wednesday. This shift could encourage the …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesKenyaPolicies
East African Central Banks Turn to Gold to Boost Foreign
East African countries are gradually shifting their foreign exchange (FX) reserve strategies by adding more gold, a move aimed at reducing dependence on the U.S. dollar and protecting their economies …
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DevelopmentEnergyFinance & ServicesInfrastructureSouthern Africa
AfDB Grants $139m Loan to Johannesburg for Infrastructure Upgrade in Landmark
The African Development Bank Group (AfDB) has approved a corporate loan of ZAR 2.5 billion (approximately $139 million) to the City of Johannesburg Metropolitan Municipality, making it the first time …
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Eastern AfricaFinance & ServicesINVESTMENTManufacturingMarketsReal Estate
Olympia Capital Posts KSh 17.6m Profit Despite Revenue Dip
Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 …
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AfricaBanking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeria
Naira Gains Slightly as FX Market Liquidity Improves
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …
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EconomyFinance & ServicesGOVERNMENTInfrastructureNigeria
National Assembly Extends 2024 Capital Budget to December 2025 Amid Growing Fiscal Concerns
In June 2025, Nigeria’s National Assembly approved another extension of the capital portion of the 2024 national budget, moving its implementation deadline to December 31, 2025. This marks the second …
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EconomyFinance & ServicesINVESTMENTManufacturing & Consumer GoodsMarkets
BetaGlass, Honeywell, Vitafoam Lead H1 2025 Stock Market
Many investors across Nigeria are smiling this July as the Nigerian Exchange (NGX) recorded a major rally in the first half of 2025, led by strong performance from top consumer …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsNewsSouth Africa
Signs of Recovery in South Africa’s Manufacturing Sector
There are early signs that South Africa’s struggling manufacturing industry may be beginning to improve, following months of weak performance. According to a new report released on Tuesday, a key …
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AfricaAFRICA NEWSAgricultureBanking, Finance & InvestmentBusiness and EconomyEconomyFinance & ServicesGOVERNMENTInfrastructureInnovationSecurity
AID UNCERTAINTY MAY SLOW SOMALIA’S ECONOMY IN 2025 – WORLD BANK
Somalia’s economy maintained strong performance in 2024, with a solid growth rate of 4.0 percent, according to the 10th Edition of the Somalia Economic Update released by the World Bank. …