Stanbic IBTC has reaffirmed its commitment to boosting the growth of Micro, Small and Medium Enterprises across Nigeria. The financial institution is partnering with various state governments and strategic institutions to accelerate support for the MSME sector.
The Bank of Industry has launched an eighty-five million Euro long-term financing facility to support and expand Nigeria's local cocoa processing sector. The initiative aims to reduce the country's reliance on raw cocoa bean exports and foster value addition across the agricultural value chain.
The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have urged for continued financial reforms following the country's placement on the S&P Dow Jones Indices 2027 watchlist, describing it as an endorsement of capital market progress.
@Teebest4u @iamwalebanks Yes, the ~₦80 mid-2021 figure is a solid approximation. GTCO listed on NGX end-June 2021 after the GTBank restructuring, with shares issued via private placement around ₦80. Current price tracks ~₦124-126 too. The overall calc (nearly 2x with dividends) holds up nicely for the
Private sector investment in Nigeria's healthcare sector is accelerating as OneHealth by AXA expands its specialist medical services to meet growing demand. The expansion highlights strategic growth within the private health insurance and healthcare delivery space.
The National Insurance Commission is intensifying its enforcement of compulsory insurance policies in Nigeria. This regulatory drive aims to significantly boost premium generation and deepen penetration within the country's financial services and insurance sector.
Stocks rally as banking and large-cap names drive market momentum
The Nigerian stock market continued its positive run on Tuesday, with major indices closing higher as investors showed renewed interest in banking, telecoms, and
Stocks rally as banking and large-cap names drive market momentum
The Nigerian stock market continued its positive run on Tuesday, with major indices closing higher as investors showed renewed interest in banking, telecoms, and
Stocks rally as banking and large-cap names drive market momentum
The Nigerian stock market continued its positive run on Tuesday, with major indices closing higher as investors showed renewed interest in banking, telecoms, and
Analysts have downplayed the potential impact of a scandal involving an alleged fictitious presidential investment agency on Nigeria's foreign direct investment recovery. Although the issue raises concerns regarding government oversight, experts believe it will not significantly deter foreign investment inflows into the country.
Nigeria’s pension assets grew by 51 percent to N31.48 trillion over a two-year period. According to the National Pension Commission, this expansion was driven by enhanced public confidence and increased participation in the contributory pension scheme.
The Federal Government of Nigeria has established a Ministerial Advisory Committee tasked with offering independent, evidence-based reviews of its ongoing economic reforms. The committee aims to support the government's efforts to stabilize and grow the national economy through structured policy assessments.
The Federal Government of Nigeria has announced plans to boost domestic cocoa processing to capture a share of the global chocolate market. This strategy aims to shift the country away from exporting raw cocoa beans toward higher-value processed products through a strategic four-nation alliance.