FCMB Raises N20.686bn from Debt Market to Boost Capital

FCMB Group Plc. has successfully completed the issuance of a N20,686,000,000 perpetual 16% fixed rate resettable NC5.25 additional Tier I capital subordinated bonds …Read more

Stock Market Bleeds Deep ahead of Election

Dropping low from N30 trillion level, the Nigerian equities market was cut deep Thursday as a result of ongoing profit-taking activities in the local bourse. Data from the… Read more

Sahara Group Urges Collaboration, Investments to Drive Sustainable Energy in Africa

Addressing top energy operators, regulators and government functionaries at the 2023 African Refiners and Distributors Association (ARDA) Week in Cape Town, Wale Ajibade… Read more

Infantino Re-elected Unopposed as FIFA President

Gianni Infantino has been re-elected as the president of the Federation of International Football Association (FIFA). The election was held on Thursday during the 73rd Congress… Read more

Nigeria’s Inflation Accelerates to 21.91%

Nigeria’s headline inflation rate accelerated by 10 basis points in February to 21.91%, impacted by the impacts of the central bank’s failed cashless policy and increase in food prices. Read more

Rapid Monetary Tightening, Weak Risk Management Increase US Banks’ Risks

On 9 March, the California state banking regulator closed Silicon Valley Bank (SVB) and appointed the FDIC as a receiver, after the bank’s attempt to address a very significant asset… Read more

Currency Slump Raises Demand for US dollar Assets in West Africa

The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West African economies and currencies – but businesses and investors ... Read more

Santam Acquires MTN S.A Device Insurance Book

Santam, South Africa’s leading short-term insurer, has entered into an alliance with MTN South Africa, which will see the company purchase the mobile telecommunication …Read more

Naira Appreciates against US Dollar after BTA/PTA Cut

The Nigerian local currency, the Naira, appreciated against the United States (US) dollar on Wednesday, exchanging at N461.09 at the Investors’ and Exporters’ foreign exchange… Read more

Islamic Finance Industry in Morocco Faces Key Challenges

The Islamic finance industry in Morocco is nascent and faces structural challenges, which could hinder its full growth potential, Fitch Ratings says…. Read more

Shell Resumes Oil Export from Bonny Terminal

The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Wednesday announced the resumption of oil exports from the Bonny Crude Oil Export Terminal. Read more

Ghana’s inflation Rate Declines to 52.8%

Amidst uncertainties, Ghana’s consumer inflation slowed to 52.8% year on year in February from 53.6% in January, the statistics service said on ….Read more

FG Shifts 2023 Census to May

Minister of Information and Culture, Alhaji Lai Mohammed said the 2023 population and housing census earlier scheduled for March 29 has been shifted to May 2023. Read more