First HoldCo Plc has criticised recent reports by Arise TV and ThisDay Newspaper over the company’s recent high-value block trade on the Nigerian Exchange Limited (NGX). The financial services group …
Markets
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Banking, Finance & InvestmentBusinessEconomyGOVERNMENTMarkets
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AgricultureEconomyFood ProductionManufacturing & Consumer GoodsMarketsNigeria
Lagos Food Prices Surge in July 2025 as Onions, Rice, and Pepper Hit Record Highs
Food prices across key markets in Lagos State surged sharply in July 2025, with common household staples such as onions, rice, and pepper leading the price increases. This development has …
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Banking, Finance & InvestmentINVESTMENTMarketsNigeria
FBN Holdings Sees N323.4 Billion Off-Market Share Trade
FBN Holdings Plc, the parent company of FirstBank Nigeria, recorded a massive off-market transaction on July 16, 2025, involving the sale of 10.43 billion units of its shares. The bulk …
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BusinessDigital EconomyFintechINVESTMENTMarketsNigeriaTechnology
Five Nigerian Fintechs Make CNBC’s 2025 List of World’s Top 300 Fintech Companies
Five Nigerian financial technology companies, PalmPay, Moniepoint, OPay, Piggyvest, and Interswitch, have been listed among the top 300 fintech companies in the world for 2025. The ranking was published by …
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Finance & ServicesFintechINVESTMENTMarketsTrade and Commerce
How Fintech Infrastructure is Powering the Modern Trading Industry
The financial technology industry, commonly known as fintech, emerged in its current form in the late 1990s and early 2000s. However, the roots of fintech can be traced back to …
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EconomyFinance & ServicesINVESTMENTMarketsSenegal
Senegal Raises 364 Billion CFA Francs in Oversubscribed Bond Sale Amid Debt Concerns
The Government of Senegal has raised 364 billion CFA francs, equivalent to about $644 million, in its second public bond offering of 2025. The latest fundraising effort exceeded the country’s …
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AfricaBanking, Finance & InvestmentEconomyMarketsTechnology
UBA Pushes Pan-African Banking Goals as Executives Meet in Lagos for Half-Year Review
The United Bank for Africa (UBA) Group has restated its commitment to expanding its pan-African presence as it continues to grow beyond Nigerian borders. This came during the Group’s Half-Year …
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AfricaEconomyInternational RelationsMarketsPoliticsSouth Africa
South African Rand Gains as Trump Extends Tariff Deadline on U.S. Trade
South Africa’s currency, the rand, made a slight recovery in early trading on Tuesday after hopes emerged that the country could still negotiate a less severe trade agreement with the …
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AgricultureArts & CultureBusinessFood ProductionMarketsTrade and Commerce
Young Nigerians Drive Growth in $420m Sweet Wine Market as Tastes Evolve
Nigeria’s wine industry is experiencing a major shift, with sweet wines now dominating consumer preferences—thanks largely to younger Nigerians. The market, currently valued between $400 million and $420 million yearly, …
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Banking, Finance & InvestmentEconomyInsuranceINVESTMENTManufacturing & Consumer GoodsMarketsNigeria
NGX Opens Week Strong with N193bn Gain
The Nigerian stock market started the week with a positive push, as the Nigerian Exchange Limited (NGX) recorded a significant boost on Monday, July 7, 2025. The All-Share Index (ASI) …