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FGN bond subscription decline by 3.12 trillion in Q1 2025
In the first quarter of 2025, investors in Federal Government bonds subscribed to a total of N2.83 trillion, a decrease from the N3.12 trillion recorded during the same period in 2024, as reported by the Debt Management Office (DMO).This decline in subscription volume is attributed to a reduction in the number of bond offerings, as the government aimed to manage…
Tinubu Signs Investments and Security Bills Into Law
President Bola Ahmed Tinubu has officially enacted the Investments and Securities Act (ISA) 2025, a significant legislative measure aimed at bolstering the regulatory framework of Nigeria's capital market. This new law repeals the previous Investments and Securities Act No. 29 of 2007, introducing comprehensive reforms to enhance market integrity, transparency, and sustainable growth. The Securities and Exchange Commission (SEC) has…
Uganda to build $4 billion Oil Refinery with new partnership
Uganda is developing its oil sector by signing a deal with UAE-based Alpha MBM Investments to build a $4 billion oil refinery in Kabaale, Hoima District. Under the terms of the deal, Alpha MBM Investments will hold a 60% stake in the refinery, while Uganda's state-run Uganda National Oil Company (UNOC) will retain the remaining 40%. The refinery, which will…
FIRS commits to enhancing tax policy in West Africa
The Federal Revenue Service has set out to strengthen tax policy formulation…
Inflation to drop further in next 6 months – CBN
The Central Bank of Nigeria is projecting a further drop in inflation…
Nigeria, Brazil sign new agreement to boost food production
Nigeria and Brazil signed a $1.1 billion Green Imperative Project (GIP) to…
MTN to divest its fintech operations in 3 countries
MTN Group is progressing with plans to divest its fintech operations in…
Nigeria’s inflation rate falls for second month in a row
Nigeria’s inflation rate dropped for the second consecutive month in February 2025,…
MTN’s revenue surges by 35.6%, new high
MTN Nigeria’s service revenue surged by 35.6% in March following tariff adjustments…
SEC to name and shame capital market operators
The Securities and Exchange Commission has announced plans to publicly shame capital…
World bank hints at Nigeria’s new loan approval
The World Bank may approve a total of $1.13bn in loans for…
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Ripple, Chipper Cash to boost cross border payments in Africa
Ripple, a top crypto-enabled payment solution, has announced a new partnership with Chipper Cash, to enhance seamless payments across Africa.With this partnership, both payment platforms will facilitate faster, more affordable,…
