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 …
Markets
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Dangote IndustriesFinance & ServicesINVESTMENTMarketsNigeria
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsPolicies
CBN Silent as Recapitalisation Deadline for BDCs Elapses
The Central Bank of Nigeria (CBN) is yet to speak on the next steps regarding the planned recapitalisation of Bureau De Change (BDC) operators, even as the official deadline of …
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EconomyFinance & ServicesINVESTMENTMarketsPolicies
Pension Asset Growth Slows to 12-Month Low at N61.9bn Amid Outflows from Existing Schemes
Growth in Nigeria’s pension assets dropped to a 12-month low of ₦61.91 billion at the end of March 2025, primarily due to outflows from approved existing schemes (AES), according to …
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Banking, Finance & InvestmentEconomyINVESTMENTMarketsNigeria
Nigerian Stock Market Soars to ₦70.5 Trillion, Surpasses Pre-2008 Levels by 347% Amid Institutional Support and Reforms
Sixteen years after the devastating 2008 global financial crisis that sent shockwaves through Nigeria’s capital market, the Nigerian Exchange (NGX) has not only staged a complete recovery but also posted …
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BusinessEastern AfricaEconomyFinance & ServicesINVESTMENTMarketsTANZANIA
Dar es Salaam Stock Exchange Introduces New Rules to Attract More Foreign Investors
The Dar es Salaam Stock Exchange (DSE) in Tanzania has started a set of new reforms to make the market more attractive to foreign investors, improve transparency, and bring the …
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AfricaEastern AfricaFinance & ServicesFintechKenyaKenya NewsMarkets
Kenya Clears Moniepoint’s Acquisition of Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
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AgricultureBusinessEconomyINVESTMENTMarketsNigeria
Honeywell Flour Bounces Back with N14.6bn Profit After Last Year’s N10bn Loss
Honeywell Flour Mills Plc has shocked investors and the market by bouncing back into profit, posting a strong N14.6 billion profit after tax for the financial year ended March 31, …
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AfricaBusinessEntrepreneurshipMarketsNigeriaProduct ReviewSpotlightWestern Africa
You’ll Love the Lifemate Executive Table (BG382) – Here’s Why
A sturdy, well-designed furniture is a powerful statement of intent, efficiency, and success. That is what The Executive Table With Modern Modesty Panel (BG382) from Lifemate Nigeria offers. The furniture …
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DevelopmentEconomyHospitalINVESTMENTMarketsNigeriaReal Estate
Nigeria’s Real Estate Sector Faces Rising Costs, Weak Demand Amid Economic Reforms – Ubosi Eleh Report
Nigeria’s real estate sector is facing a critical period marked by both serious challenges and emerging opportunities, according to a new report released by Ubosi Eleh and Company, an estate …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsNigeria
ABCON Warns Over Three Million Nigerians May Lose Livelihood as BDCs Struggle to Meet New Capital Requirement
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns about the impact of the Central Bank of Nigeria’s (CBN) new capital requirements for Bureau De …