Economy
Krones buys 45% stake in Perfinox to boost West Africa’s food processing
Krones, a German technological service provider has acquired a 45 percent equity stake in Perfinox, a Portugal-based food processing business.
Krone did not disclose not disclose the cost of the...
Economy
Nigerians go without food as transport costs soar
Nigerians are going without food as high transport costs raise food prices and squeeze households’ incomes.
With petrol prices jumping nearly five times in 22...
Economy
Money market funds remain safe haven amid rate decline
Money market funds (MMFs) remain viable safe havens for investors despite drops in interest rates of most instruments.
Money market refers to trading in short-term...
Economy
SEC cancels registration of Mainland Trust
… asks clients to transfer their stocks to other brokersNigeria’s Securities and Exchange Commission (SEC) has cancelled the registration of Mainland Trust Limited as...
Economy
Cardoso reaffirms CBN’s commitment to fx stability, inflation control
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reiterated the bank’s commitment and efforts to stabilise the foreign exchange market and curb inflation,...
Economy
Stocks up 0.56% as buy interest surges on attractive re-entry points
As many stocks approached attractive re-entry points, the buy-side interest at the Nigerian Exchange Limited (NGX) surged remarkably on Monday.
After recent underperformance at the...
Economy
Baobab plans more fund injection after disbursing N500bn to customers
Baobab Nigeria is set to inject more funds into its operations after disbursing nearly N500 billion in loans to micro, small, and medium-sized businesses.
Since...
Economy
Debt binge pushes repayment to 4-year high
Nigeria’s debt payment rose to a four-year high of $4.65 billion at the end of 2024, reflecting the federal government’s continued reliance on borrowing.
Data...
Economy
CFA Society Nigeria gets new board leadership
CFA Society Nigeria, an association of finance and investment professionals in Nigeria, has successfully conducted her 2025 board of governors elections.
Razaq Ahmed emerged as...
Economy
Dangote Sugar appoints Yemisi Ayeni as independent director
Dangote Sugar Refinery Plc has announced the appointment of Yemisi Ayeni as an Independent Non-Executive Director.
In a statement, the company’s board of directors approved...
Economy
Rivers crisis: How the Fubara-Wike feud threatens Nigeria’s economy
Nigeria’s fragile economic recovery now faces an unexpected threat. Not from global headwinds or weak oil prices—but from a power
read more Rivers crisis: How...