The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has raised $325m in new debt facilities, bringing recent commitments to $620m and exceeding the Fund’s $500m target ahead of schedule. The debt raise cements EAAIF’s position as the […]
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Nem Insurance shareholders approved N5.02bn total dividend for 2024
NEM Insurance Plc shareholders have approved a total dividend of N5.02 billion declared by the company for the financial year ended Dec. 31, 2024. The shareholders gave the approval at the company’s 55th Annual General Meeting (AGM) in Lagos. The dividend translated to dividend payment of N1 per every […]
Nigeria’s capital market key to $1 trn economy – Edun
The Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy. Edun said this at the Capital Market Committee (CMC) meeting on Monday in Lagos. He […]
LCCI Advocates Forward-guided, Data-Driven Approach To Monetary Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to pursue a forward-guided, data-driven approach to monetary easing, warning that a premature reduction in interest rates could destabilize investor confidence and threaten macroeconomic recovery. The Chamber’s reaction followed the Central […]
SEC Approved ₦3.68trn in New Issues in 2024 – Agama ……….Says ₦446.38bn Approved in Q1 2025 as Market Activity Sustains Momentum
The Securities and Exchange Commission (SEC) approved a total of ₦3.68trn in new issues in 2024, signaling robust investor confidence and strong momentum in Nigeria’s capital market, according to the Director General of the SEC, Dr. Emomotimi Agama. Speaking at the 1st Capital Market Committee (CMC) Meeting of […]
Nigeria’s Inflation Rate Eases to 23.71% in April 2025
Nigeria’s headline inflation rate declined to 23.71% in April 2025, down from 24.23% in March, according to data released on Thursday by the National Bureau of Statistics (NBS). The figure represents a modest decline of 0.52 percentage points, offering some relief amid ongoing economic challenges and a high cost […]
Seplat Strengthens Export Capacity Through MPNU Acquisition
Seplat Energy Plc has reaffirmed its commitment to long-term investments across its core business divisions, following a transformative year in which the company significantly increased its production and reserve base through the acquisition of Mobil Producing Nigeria Unlimited (MPNU). Addressing shareholders and journalists at the company’s 2025 Annual […]
Cascador Partners Sterling Bank On $2m SME Lending In Nigeria
Cascador has announced a partnership with Sterling Bank to launch new debt funding model to unlock growth for Africa’s most promising ventures. According to a statement from the company, backed by a $2m Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt […]
Legend Meets 20% Free Float Requirement Post-NGX Listing
Legend Internet Plc has confirmed compliance with the Nigerian Exchange Limited’s (NGX) minimum free float requirement, following its listing on the Main Board of the Exchange on 24 April 2025. The company in a notice to the Nigerian Exchange Limited, disclosed that it has made a sufficient quantity […]
CSCS Launches USSD Code To Boost Investments
Central Securities Clearing System Plc (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025. The USSD code service is a solution designed to enhance the ease and accessibility of investment services for all users. […]