SEC to present vision for Capital Market
The Securities and Exchange Commission (SEC) will hold the second meeting of the Capital Markets Committee (CMC) in Lagos. The meeting will be held on August 14, 2024.The meeting intends…
Investors profit by N97 billion as stock market rebounds
The Nigerian Exchange Limited (NGX) stock market experienced a significant rebound yesterday, gaining N97 billion driven by price increases in Oando Plc and 26 other stocks. This upward trend led…
CBN boosts Naira with $876.26m in Retail Dutch Auction
In its most recent Retail Dutch Auction, the Central Bank of Nigeria (CBN) auctioned $876.26 million to 26 approved banks for N1,495/$1. This is stated in a statement signed by…
Nigeria records 55% growth in FX flows
Nigeria has recorded a 55% increase in its foreign exchange inflows in the first half of 2024. This is according to the Central bank of Nigeria, CBN. According to the…
FG partners ICAC to revive cotton industry
Nigeria's cotton and textile industry is on the brink of a remarkable revival, thanks to the federal government’s partnership with the International Cotton Advisory Committee (ICAC).The aim of the collaborative…
South Africa to implement new National Health Bill
South Africa is set to implement a new National Health Bill. The bill is tagged 'National Insurance Bill''. It seeks to overhaul South Africa's entire health sector by limiting the…
Nigeria ranks 9th in African investment destinations
A Bloomberg report has ranked Nigeria ninth among top African investment destinations. This ranking was based on economic performance, market accessibility, investment climate, and social development of 31 African countries.Despite…
Bank of Ghana grants Flutterwave payment service provider license
Flutterwave, a leading Fintech company, has obtained an Enhanced Category Payment Service Provider license from the Bank of Ghana. This development marks a significant expansion of Flutterwave's operations in Africa,…
OurPass Secures Microfinance Banking License
The Central Bank of Nigeria has issued approval for Ourpass to operate as a microfinance bank in Nigeria.The Central Bank of Nigeria (CBN) has granted OurPass, a neobank in the…
NGX hit by Global Stock Market crash
The Nigeria Stock Exchange, NGX, was hit by the global stock market crash on Monday. The stock market crash began last Friday, triggering a major sell off in the European…
