The National Pension Commission (PenCom) has said its ongoing recapitalisation requirement for licensed pension fund operators is a strategic move to strengthen the financial base of the industry and safeguard …
Finance
-
DevelopmentEconomyFinancePensionRegulation
-
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. …
-
AgricultureBusinessDevelopmentEconomyEntrepreneurshipFinance
Nigerian Agric-SMEs Get New Boost as EDC, AGRA Partner to Unlock Funding and Growth Opportunities
Agricultural small and medium enterprises (SMEs) in Nigeria have received a fresh opportunity to access funding, expand operations, and scale their businesses through a high-level networking event organised by the …
-
BusinessDigital EconomyEastern AfricaFinanceTechnologyTelecommunications
Safaricom’s Ethiopian Expansion Transforms Market but Deepens Losses, Says World Bank
Safaricom’s bold move into Ethiopia has reshaped the country’s telecommunications industry, bringing competition, lower data prices, and faster internet access to millions of new users. However, a new World Bank …
-
Corporate EarningsEastern AfricaELECTRICITYEnergyFinanceInfrastructure
Kenya Power Reports 18.7% Profit Drop as Forex Gains Fade and Tariff Adjustments Ease
Kenya Power and Lighting Company (KPLC) has reported a sharp 18.7 per cent decline in its net profit for the financial year ended June 2025, falling to KSh 24.47 billion …
-
BankingDigital EconomyEastern AfricaFinanceSMEsTrade
CIB Kenya targets SMEs with digital banking and trade finance expansion
Commercial International Bank (CIB) Kenya is setting its sights on reshaping the country’s banking landscape through a digital-first approach and innovative lending models that focus on small businesses and regional …
-
BusinessCapital MarketEconomyFinanceINVESTMENTNigeria
NGX extends rally as investors gain ₦786bn amid strong performance in Seplat
Investors in the Nigerian Exchange Limited (NGX) kicked off the week on a positive note as bullish trading on Monday lifted the market capitalisation by ₦786bn to close at ₦91.9tn, …
-
BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
-
BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
Prudential Zenith Life Surpasses New Capital Requirement With N19.3bn Buffer
Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …