Category: Financial Market

Financial Market

Rising Fuel Prices Above N1,000 Per Litre Could Reverse Nigeria’s Inflation Gains- Chukwu

The Managing Director of Cowry Asset Management Limited, Mr. Johnson Chukwu, has highlighted concerns over Nigeria’s inflation outlook, despite a recent decline in the inflation rate to 32.19 per cent in August 2024.   Speaking at a third-quarter webinar on Nigeria’s economic landscape, Chukwu attributed the drop in inflation to […]

NGX Group Applauds German Government, DEG for Commitment to Sustainability … to Collaboration on Climate Action in Nigeria

Nigerian Exchange Group Plc (NGX Group) has lauded the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank, for their unwavering commitment to advancing impact investing in Nigeria.   This comes as NGX Group looks to strengthen partnerships aimed at fostering sustainable […]

Stockbrokers Chart Pathway For $1trn Economy

Worried by the inclement operating environment in Nigeria, the Chartered Institute of Stockbrokers (CIS) is set to leverage its members’ strong financial background to identify strategies by which the Nigerian Federal Government can grow the economy to its $1.0 trillion target.   Besides, the  Institute’s plan to showcase innovative solutions […]

GTCO: CBN Responds to attempts to misinform the banking public and reasserts its role as Apex banking authority

In a strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management by faceless and unqualified entities using the media, the Central Bank of Nigeria (CBN), issued a Press Release today reassuring the public that their deposits with Nigerian Banks are […]

GM To Reassure Investors On EV Demand, Project Profit Growth By 2025

General Motors (GM) will reassure investors during its upcoming investor day that concerns over slowing demand for electric vehicles (EVs) are overstated, and the U.S. automaker remains optimistic about the potential for improved profitability by 2025, according to sources familiar with the company’s plans.   This message marks a notable […]

SEC, NGX, JSE Strengthen Ties To Boost African Capital Markets

The Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) have formed a strategic partnership focused on governance, market development, and sustainability initiatives.   In a statement shared with Business Nexus, it was announced that a delegation from NGX Group Plc, led […]

400 investment professionals walk for sustainability in Lagos

      L-R: Akinbola Akintola of Pension Fund Operators Association of Nigeria (PenOp): Yemi Ajagun; Executive Director and Chief Operating Officer, CFA Society Nigeria,; Oludare Moses-Adenkan; Chief Operating Officer, Fund Managers Association of Nigeria (FMAN), Olumuyiwa Adeyemi; Council Member, Association of Securities Dealing Houses of Nigeria (ASHON), Babatunde Adewolu […]