SEC to name and shame capital market operators
The Securities and Exchange Commission has announced plans to publicly shame capital market operators found guilty of violating market laws and regulations.The commission, in a statement on its Instagram page,…
World bank hints at Nigeria’s new loan approval
The World Bank may approve a total of $1.13bn in loans for Nigeria before the end of March 2025 as part of ongoing efforts to support the country’s economic resilience,…
Niger feeling the impact of Nigeria’s subsidy removal
The recent removal of fuel subsidies in Nigeria has had a ripple effect on its northern neighbor, Niger, exposing the latter's vulnerability due to its reliance on informal fuel imports.For…
Kenya to overhaul its commercial banking license fees
The Central Bank of Kenya (CBK) has proposed an overhaul of commercial banking license fees, marking the first review in 33 years.Under the proposed Banking Regulations 2025, the CBK intends…
CBN discovers N2.3m in illegal naira transactions
The Central Bank of Nigeria (CBN) has raised an alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice.CBN Governor, Olayemi Cardoso, made…
EU unveils new investment package for South Africa
On Thursday, EU Commission President Ursula von der Leyen unveiled plans to invest billions of euros in South Africa, as Europe aims to strengthen its influence in a nation increasingly…
74 Chinese firms to invest in Nigeria’s oil sector
About 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector.These companies are part of the 216 companies from China that are interested in investing in…
IMF, World Bank to fund 35% of Ghana’s deficit with $1.32B
Ghana's Finance Minister, Dr. Cassiel Ato Forson, says the government will receive a total of $1.32 billion from the International Momentum Fund (IMF) and the World Bank to its fund…
Oando selected as preferred bidder for Trinidad and Tobago’s Guaracara Refinery lease
Oando PLC, a prominent Nigerian energy company listed on both the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE), has been selected as the preferred bidder to lease…
Nigeria increases its NGX bond listings by 900 million units
The Federal Government of Nigeria (FGN) has expanded its bond listings on the Nigerian Exchange Limited (NGX) by adding over 900 million units. This move is part of efforts to…
