Stanbic IBTC Capital Limited has successfully led the issuance of Presco Plc’s N82.89 billion bond, reinforcing its role as a major player in Nigeria’s capital market. The seven-year, 23.75% senior…
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The United Bank for Africa (UBA) Plc has unveiled its ambitious N239.4 billion Rights Issue, a strategic move aimed at bolstering its digital infrastructure, expanding operations across Africa and beyond,…
Business
High Interest Rates and Weak Naira to Sustain Trade Surplus and Capital Inflows Through Early 2025 – Analysts
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Economic analysts project that Nigeria’s trade surplus and foreign portfolio investment (FPI) inflows will persist into Q4 2024 and early 2025, driven by the weakened Naira, robust global demand for…
In a groundbreaking move, Del-York Group, a leading Nigerian conglomerate, has entered a joint venture with Singapore’s TSC Global, committing $4.5 billion to develop the largest investment in Africa’s creative…
The $350 million Grand Litora Railway project in Cross River State has reached a major milestone with the presentation of the topographical mapping for the first 104 km of the…
In 2024, the Nigerian capital market stood as a testament to remarkable resilience and adaptability, defying macroeconomic challenges and policy shifts to carve out a year of transformation. Despite the…
Business
Nigeria’s Real Estate Sector Set to Hit $2.25tn by 2025: Major Investment Opportunities Await!
Nigeria’s real estate sector is poised for significant growth, with projections indicating a market value of $2.25 trillion by the end of 2025, according to the Federal Government. Minister of…
The Nigerian stock market has achieved a remarkable feat in 2024, closing with a striking 37.65% gain. The All-Share Index surged, fueled by substantial growth in mid and large-cap stocks.…
AI and Machine Learning (ML) are reshaping industries. Anthony Afuye-Cyrus, an ICT expert, explained how sectors like manufacturing, agriculture, and healthcare are benefiting from these technologies. AI improves efficiency and…
In a landmark move aimed at restructuring Nigeria’s tax system, the House of Representatives has approved key tax reform bills, retaining the current 7.5% Value Added Tax (VAT) rate while…