Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …
Finance & Services
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Banking, Finance & InvestmentDevelopmentEconomyFinance & ServicesGhanaMALAWIZAMBIA
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BusinessCorruptionEastern AfricaEconomyFinance & ServicesKenya
Kenya Records Highest-Ever VAT Collection in May After KRA’s Anti-Fraud Clampdown
Kenya Revenue Authority (KRA) has announced that it collected a record KSh32.1 billion in Value Added Tax (VAT) for the month of May 2025, the highest ever in the country’s …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInsuranceNigeriaPolicies
NDIC Calls for Public Feedback on Global Deposit Insurance Review
The Nigeria Deposit Insurance Corporation (NDIC) has called on financial sector players, regulators, and members of the public to contribute their views on the ongoing review of the Core Principles …
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AviationBusinessCorruptionFinance & ServicesGOVERNMENT
N76 Billion Fraud Case: Ex-AMCON Director Testifies Against Former MD Ahmed Kuru, Arik Air Executives in Court
The trial of the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others continued at the Special Offences Court in Ikeja, Lagos, with …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureManufacturingTrade and Commerce
RMDB Boss Says Lack of Early Capital, Data and Infrastructure Slowing Africa’s Mining Growth
The President and Chief Executive Officer of the Regional Maritime Development Bank, Mr. Adeniran Aderogba, has said that Africa’s mining sector is still facing major problems that are stopping it …
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BusinessEconomyFinance & ServicesMarketsOil & Gas
Nigerian Equities Market Hits ₦71 Trillion as Oando, 30 Stocks Drive Gains Amid Oil & Gas Sector Slump
The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …
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BusinessEconomyFinance & ServicesGOVERNMENTManufacturingNigeriaTechnology
How E-Invoicing Will Help Nigerian Manufacturers Get Credit and Grow
The Federal Inland Revenue Service (FIRS) has said the upcoming national electronic invoicing system will make it easier for manufacturers in Nigeria to access credit from financial institutions. This announcement …
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CrimeFinance & ServicesNigeriaSecurityTechnology
POS Machines Now Tools for Kidnappers and Fraudsters, Warns SAN Monday Ubani
A Senior Advocate of Nigeria (SAN), Dr. Monday Ubani, has raised alarm over the growing abuse of Point of Sale (POS) machines by criminal elements in Nigeria. According to him, …
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EducationFinance & ServicesGOVERNMENTINVESTMENTNigeria
Cordros Asset Management Rewards Lagos Students with Cash Prizes in Financial Literacy Debate
Cordros Asset Management has successfully concluded the fourth edition of its annual financial literacy debate, a competition aimed at empowering Nigerian secondary school students with practical investment knowledge and early …
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Dangote IndustriesFinance & ServicesINVESTMENTMarketsNigeria
Equities Market Rebounds as Dangote Cement, 34 Others Push NGX Capitalisation Up by N260 Billion
The Nigerian stock market witnessed a strong rebound on Tuesday as gains in Dangote Cement and 34 other stocks pushed the overall market capitalisation higher by ₦260 billion, showing renewed …