News
Nigeria: Banking Stocks Rally Drives NGX’s N440bn Surge
The Nigerian equities segment of the Nigerian Exchange (NGX) witnessed a recovery midweek, as investors showed increased interest in financial service stocks. This ...
News
Nigeria: Investment in Nigeria’s Telecom Sector Reaches $75.6 Billion, Says NCC
The Nigerian Communications Commission (NCC) has announced that foreign direct investment (FDI) and local investment in Nigeria’s telecommunications sector reached $75.6 billion as ...
News
Nigeria: Money Market Rates Decline as CBN Overlooks Excess Liquidity
Buying interest surged in the secondary market for Nigerian Treasury bills as liquidity levels remained strong in the financial system. The market’s sustained ...
News
Nigerian Banks Urged to Reduce Operating Costs, Citing Higher Expenses Compared to Other Countries – MPC member
Adeola Adenikinju, a member of the Monetary Policy Committee (MPC), has highlighted the need for Nigerian banks to reduce their operating costs, which ...
Regulatory
South Africa Set to Mandate Licenses for Crypto Exchanges by Year-End
South Africa is poised to become the first country on the African continent to implement a licensing requirement for digital asset exchanges. According ...
Africa
Africa50 Invests Over $6.6 Billion in Infrastructure in Six Years
Africa50, an investment platform established by African governments and the African Development Bank (AfDB), has successfully invested more than $6.6 billion in critical ...
Africa
Africa: SecondSTAX and ASEA Collaborate to Unify Africa’s Stock Markets
SecondSTAX, a Ghanaian fintech company that facilitates access to stock markets for institutional investors, has recently entered into an agreement with the African ...
News
SA: South African Crypto Exchanges Mandated to Obtain Licences for Operation
According to recent reports from Bloomberg, the Financial Sector Conduct Authority (FSCA) of South Africa will require all crypto exchanges in the country ...
Africa
Africa: Standard Bank Highlights African Produce at China-Africa Economic & Trade Expo
Standard Bank Group, Africa’s largest bank by assets and the parent company of Stanbic IBTC Holdings PLC, is proud to announce its participation ...
News
Nigeria: Naira and External Reserves Experience Decline as Eurobond Matures
The Nigerian naira continues to exhibit significant daily volatility, depreciating by 3.5% to N768.44 at the Investors’ and Exporters’ foreign exchange (FX) market ...