Libya signs deal to formalise its Afreximbank membership status
Libya has officially become the 53rd member state of the African Export-Import Bank (Afreximbank), a significant step toward enhancing intra-African trade and economic integration. The membership was formalized when Libya's…
NNPCL confirms commencement of operations at Warri Refinery
The Nigeria National Petroleum Company Limited, NNPCL, has confirmed the commencement of operations at the Warri Refinery and Petro Chemical Company. The Refinery, with a 125,000 barrel per day capacity,…
Top 7 Naira stocks that delivered massive gains in 2024
On the Nigerian Stock Exchange (NGX), several Naira stocks outperformed expectations, enriching investors despite a global preference for dollar-denominated assets. The standout stock, Juli Plc, achieved an extraordinary 1646% growth,…
World Bank releases $1.5 billion loan to Nigeria
The World Bank has released a $1.5 billion loan to Nigeria following the removal of subsidy on petrol and introduction of the tax reform bills. The bank said it had…
Access bank to expand operations with new Morocco office
Access Bank, Nigeria’s largest bank by assets, has announced plans to set up a business in Morocco as part of its expansion across the country. Previously, the bank had successfully…
Nigeria, China to strengthen trade ties with new foreign exchange deal renewal
Nigeria and China have renewed a 15 billion yuan ($2 billion) trade deal, a move expected to boost cooperation between the two countries and promote trade and investment.The People's Bank…
How Nigeria’s stock market thrived in 2024 and what lies ahead
In 2024, the Nigerian stock market emerged as one of the standout performers globally, with the Nigerian Exchange Limited (NGX) recording an impressive 37% year-to-date (YTD) gain as at December…
Egypt targets human capital development with new investment plan
Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat has unveiled a new investment plan targeting human capital development in the country.According to the new plan, 1 trillion…
Egypt, Morocco to strengthen bilateral ties after first meeting
The Egyptian-Moroccan Joint Business Council, led by Nezar Abu Ismail, held its first meeting to discuss strategies to enhance communication and cooperation between the two countries, including focusing on promoting…
Innovations and market opportunities in Fintech for African Investors
The fintech sector has witnessed explosive growth over the last decade, dramatically reshaping how we engage with financial services. This transformation has been fueled by a surge in technological innovation,…
