Guinea Insurance Plc has begun moves to strengthen its financial base as the Board of Directors seeks shareholders’ approval to raise up to N15bn in new capital. The plan was …
FINANCIAL MARKETS
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BusinessCapital MarketsEconomyFinanceInsuranceNigeriaRegulation
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BusinessCapital MarketEconomyFinanceINVESTMENTNewsNigeria
Nigerian Equities Market Loses N444bn as Selloffs Hit Major Stocks
Nigeria’s equities market closed lower on Wednesday after a fresh wave of selloffs dragged several key stocks into negative territory, ending the market’s bullish momentum. The downturn wiped off about …
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EconomyEnergyFinance & ServicesLeadershipMarketsPoliticsSouth AfricaTrade and Commerce
Rand Holds Firm as Ramaphosa-Trump Meeting Overshadows South Africa’s 2025 Budget
South Africa’s currency, the rand, remained largely stable on Thursday despite political tension triggered by a controversial encounter between President Cyril Ramaphosa and U.S. President Donald Trump, which took the …
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BusinessBusiness and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
Nigerian stock market investor records N148bn gain to end week
Investors at the Nigerian stock market recorded N148 billion on Friday to end the week on a bullish trend.At the end of Friday’s trading, details showed that market capitalisation rose …
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BusinessBusiness and EconomyBusiness PoliciesEgyptINVESTMENTNorth Africa
Egyptian Business Landscape Shifts as Reforms Drive Foreign Investment and Market Growth
Egypt’s economic reforms are gaining traction as the country intensifies efforts to attract foreign direct investment and stabilize its financial ecosystem. The Central Bank’s currency adjustments, along with government-driven manufacturing …
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BusinessEastern AfricaEducationFinance & Services
Financial markets gain Sh10bn ahead of poll case verdict
Investors remained cagey ahead of the Supreme Court verdict Monday, with foreigners appearing to have put on hold their activities on the financial markets. Key economic indicators closed Friday — …