The South African rand opened slightly stronger on Wednesday morning as anticipation built around a crucial parliamentary vote on key budget legislation that could shape investor confidence and influence local …
Markets
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EconomyGOVERNMENTMarketsPoliticsSouth Africa
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Finance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaPoliciesSecurity
SEC Orders Companies to Honour All Unclaimed Dividends, Rejects 12-Year Limit
The Securities and Exchange Commission (SEC) has issued a directive instructing all public companies and their registrars to stop denying shareholders access to dividends unclaimed for more than 12 years, …
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Non-interest financial institution TAJBank has signed the completion agreement for the second tranche of its N100 billion Mudarabah Sukuk bond programme, valued at N20 billion. The agreement was formally concluded …
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Banking, Finance & InvestmentFinance & ServicesInsuranceINVESTMENTMarketsNigeria
TAJBank Signs Completion Agreement for N20bn Second Sukuk Bond Tranche
Non-interest financial institution, TAJBank Limited, has signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The agreement ceremony took place on …
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Banking, Finance & InvestmentBusinessGOVERNMENTLeadershipMarkets
Femi Otedola Set to Gain Full Control of First Holdco as Otudeko, Odukale Set to Exit.
The prolonged leadership and ownership tussle at First Holdco Plc, the parent company of Nigeria’s oldest financial institution, First Bank of Nigeria, is drawing to a historic close. Multiple sources …
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BusinessEconomyFinance & ServicesManufacturingMarketsNigeria
Morison Industries Cuts Loss to N18.55bn in Q1 2025
Morison Industries Plc has reported a loss of N18.55 billion for the first quarter ended March 31, 2025, an improvement from the N28.46 billion loss it recorded in the same …
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AfricaHealthcareInnovationMarketsNigeria
Beiersdorf Nigeria Launches NIVEA UV Face Sunscreen in Lagos.
Beiersdorf Nigeria has unveiled its latest skincare innovation, NIVEA UV Face Sunscreen, with a vibrant beachfront launch event in Lagos that brought together skincare enthusiasts, health experts, media personalities, and …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInternational RelationsMarketsPoliciesSouth Africa
South African’s Rand Steady as Global Markets Await U.S.-China Trade Talks
JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
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BusinessEconomyFinance & ServicesInsuranceMarketsNews
Cornerstone Insurance Grows Profit by 87% in 2024.
Cornerstone Insurance Plc has posted a strong performance for the 2024 financial year, recording a profit after tax (PAT) of N25.89 billion, a massive jump of 87.11 per cent compared …
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EconomyFinance & ServicesManufacturingMarketsTrade and Commerce
Dollar Weakens Ahead of Key U.S.-China Trade Talks in London
The U.S. dollar fell against all major global currencies on Monday as market optimism sparked by a strong American jobs report was quickly overtaken by investor caution ahead of high-stakes …