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Nigeria February Inflation Soars to 31.7% as Food Prices Spike
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Nigeria’s inflation as measured by the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to...
Borrowing Binge Pushes Nigerian Corporate Debt Over N7trn
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The total debt on the books of Nigeria’s listed companies who had restructured their repayment plans in anticipation of rising interest rates surged to...
Dollar Value of Nigerian Pension Assets Falls to $14.39bn
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While Pension assets in Nigeria have been growing in local currency (naira) terms, the dollar value of those assets slumped by 29.4% to $14.39...
Nigerian Banks Remain Money Spinners Amid Cheap Valuation
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In the last sixteen years, Nigerians big banks have been making money for their shareholders more than any other sectors on the stock exchange...
Airtel Africa Commences Construction of Nxtra by Airtel’s First Data Centre in Nigeria
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Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, has officially broken ground on...
President Tinubu Opens Land, Air Borders With Niger, Lifts Other Sanctions
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President Bola Tinubu has directed the opening of Nigeria's land and air borders with the Republic of Niger and the lifting of other sanctions...
Nigerian Stock Market up N24.66trn in 16 years, Down 55% in Dollars
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...as new sector leaders emerge
The Nigerian Stock Market measured by the NGX ASI index has surpassed the margin lending crisis level of 2008 as...
Airtel Africa Purchases 3.15 mn Shares in Buy-back Programme
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Airtel Africa has purchased 3,159,643 ordinary shares in aggregate, at a volume weighted average price of GBp 96.07 per ordinary share as part of...
ETI Signs $250mn Bridge-to-Bond Loan Led by Afreximbank and AFC
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Ecobank Transnational Incorporated (ETI), has signed a USD 250 million senior unsecured bridge-to-bond loan facility with the African Export-Import Bank (Afreximbank) and Africa Finance...
ANC Election Support Falls Below 40% in South Africa Poll
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Support for South Africa’s ruling African National Congress (ANC) has fallen below 40%, less than three months before the country holds elections, a new...