The Central Bank of Nigeria (CBN) is now taking tougher actions in the foreign exchange market, aiming to stop speculators and bring more stability to the naira. These fresh efforts …
Markets
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Banking, Finance & InvestmentEconomyInternational RelationsMarketsPoliciesTrade and Commerce
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African Union Launches New $100 Billion Agricultural Plan to Tackle Food Insecurity Across Africa
The African Union (AU) has unveiled a fresh agricultural strategy known as the Comprehensive African Agricultural Development Programme (CAADP) Strategy and Action Plan 2026–2035. The new plan, launched during a …
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Banking, Finance & InvestmentBusinessBusiness and EconomyEconomyFinance & ServicesINVESTMENTMarketsNigeria
First Asset Management Crosses N1tn Assets Under Management Milestone
First Asset Management Limited, an investment management company and a subsidiary of First HoldCo Plc, has announced that it has crossed the N1 trillion mark in Assets Under Management (AUM), …
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AfricaBusinessBusiness and EconomyBusiness InsightsDigital EconomyEventsInnovationMarketsNigeriaPress ReleasesTechnology
Marketing Analytics Africa to Host AMTEC 2025 in Lagos, Targets Scalable Growth for African Brands
Marketing Analytics Africa has announced that the 2025 edition of its flagship event, the Africa Marketing Technology and E-commerce Conference (AMTEC), will take place on May 24 in Lagos. Themed …
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BusinessBusiness InsightsFinance & ServicesINVESTMENTMarketsNigeriaReal Estate
SFS REIT Records 50% Net Income Growth, Declares N21.50 Dividend Per Unit
SFS Real Estate Investment Trust (SFS REIT) has posted impressive results for the 2024 financial year, reporting a 50.26 per cent increase in net income to N477.09 million. This growth …
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AfricaBusinessFinance & ServicesFintechGhanaINVESTMENTMarketsNigeriaPress ReleasesWestern Africa
VFD Group Declares N3.17bn Dividend, Bonus Shares as Profit Hits N11.3bn in 2024
Shareholders of VFD Group Plc have approved a total dividend payout of N3.17 billion, translating to N2.50 per share, following the company’s strong financial performance in 2024. The resolution was …
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BusinessBusiness InsightsDigital EconomyMarketsNigeriaTechnology
Meta’s Exit Threat Worries Millions of Nigerian Small Businesses
There is rising concern among Nigerian business owners as Meta Platforms, the parent company of Facebook and Instagram, has threatened to leave the country over a fine dispute. Experts in …
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BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsMarketsNigeriaWestern Africa
Manufacturers Count N1.91bn FX Loss in Q1 2025 Amid Currency Volatility
Nigeria’s manufacturing sector continues to feel the pinch of unstable foreign exchange rates, as top firms recorded a combined N1.91 billion forex loss in the first quarter of 2025. This …
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AFRICA NEWSEconomyEnergyEnvironmentEthiopiaFinance & ServicesKenya NewsMarketsPoliticsSecurityTANZANIAUGANDA
African Markets Update: Key Events and Economic Signals
African markets are navigating a busy day of economic indicators, political developments, and global trends on Thursday, May 8, 2025. From court decisions in Côte d’Ivoire to monetary policy announcements …
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EconomyEnergyFinance & ServicesGOVERNMENTInternational RelationsManufacturingMarketsSouth AfricaTrade and Commerce
Rand Slips Ahead of Manufacturing Data as Analysts Watch Power, Ports, and Global Signals
The South African rand lost a bit of ground in early trading on Thursday, May 8, as traders waited for the country’s latest manufacturing output figures. According to market data, …