Saturday, September 23, 2023
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NGX Market Cap Falls By ₦13bn As Investors Snatch Profit

[ MAIN ]
The Nigerian Exchange (NGX) market capitalisation declined by roughly ₦13 billion midweek as a result of profit-taking on equities of listed firms that had...

Turaco Acquires MicroEnsure Ghana To Deepen Affordable Insurance Coverage Across Africa

BUSINESS & ECONOMY
Turaco, Africa’s leading tech-enabled affordable insurance company, has announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal,...

AVCA Convenes Global Leaders In London To Discuss Sustainable Investing Strategies In Africa

BUSINESS & ECONOMY
AVCA – the African Private Capital Association, the pan-African industry association championing and enabling private capital investment across the continent, will host the second...

ANKA Secures $5M Funding In Pre-Series A Extension To Export Africa

BUSINESS & ECONOMY
ANKA, the “all-in-one SaaS for global African businesses'', has announced the closure of a US$5M pre-Series A extension round led by the International Finance...

Nigeria Paying 108 W’Bank Loans Worth $14bn – Report

BANKING & FINANCE
According to statistics received from the World Bank's website, Nigeria is now repaying around $14.12 billion in World Bank loans. The number reflected the...

Naira Value Falls As FX Turnover Drops By 59%

[ MAIN ]
The Nigerian naira fell to N774 per US dollar on Monday after $165 million in foreign exchange (FX) transactions at the Nigerian Autonomous Foreign...

NGX Increases By N263bn As UBA, Oando, Airtel Rally

[ MAIN ]
The Nigerian Exchange (NGX) gained more than N263 billion on Monday, thanks to continued interest in UBA, Stanbic IBTC, and OANDO shares, as well...

Unmasking Crypto’s Compliance Conundrum: Patricia, Float’s Risky Moves Shake The Industry

BUSINESS & ECONOMY
By Bawo Egbakhumeh Even as a seasoned compliance, anti-money laundering, and counter-fraud expert with years of experience in the banking sector, it is imperative to...

Yield On T-Bills Balances After Higher Spot Rates

[ MAIN ]
The secondary market for Nigerian Treasury notes was calm, with the average yield remaining at 8.0%. Similarly, the average yield on OMO bills remained...

Nigeria’s Debt Increases To N87.4trn

[ MAIN ]
Following the Central Bank's decision to securitize overdrafts, Nigeria's overall public debt has risen dramatically to around N87.4 trillion. The Debt Management Office (DMO)...

Join Marty Cagan, Other SVPG Partners At Inspire Africa Product Conference Headlined By Interswitch

BUSINESS & ECONOMY
The stage is set for the Product Conference of the Year - the Inspire Africa Conference organized by Silicon Valley Product Group (SVPG), Innovate...

Naira Falls To N950 As Forex Scarcity Worsens

BUSINESS & ECONOMY
The naira fell further to the dollar after closing at 950/$ at the parallel market. Bureau de Change operators said the naira which...
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