The rally was powered by a resurgence in industrial and mid-cap equities, led by BUA Cement and several blue-chip stocks. According to a market analysis by Punch, the NGX’s market capitalisation climbed from ₦94.6 trillion to ₦95.2 trillion, representing a 0.65% daily increase. The All-Share Index also advanced by 963.17 points to close at 149,940.81, […]
reasury Secretary Scott Bessent said this week that if New York City needed a federal bailout under the leadership of the mayoral candidate Zohran Mamdani, it would be rebuffed by the Trump administration with two words. “Drop dead,” Mr. Bessent said in an interview on Fox Business. But Argentina is a different story. The Treasury […]
First City Monument Bank (FCMB) has been selected as one of the Participating Financial Institutions (PFIs) for the implementation of the Community Contractors Finance Scheme, an initiative of the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Bank of Industry Limited (BoI). The scheme is designed to bridge the funding and skills […]
U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande LNG facility in Texas in another boost to America’s LNG export capacity in the coming years. NextDecade has just announced a positive final investment decision (FID) on Train 5 at Rio Grande LNG, closed financial transactions to fully fund […]
Africa’s second-largest telecommunications operator by user base is reinforcing its push for digital inclusion with a major investment in Limpopo. Building on last year’s R414 million ($24 million) milestone, the initiative underscores the company’s commitment to bridging the digital divide, stimulating economic growth, and expanding access to high-speed broadband across the continent. Over the past […]
According to people familiar with the matter, Ondra Otradovec, ArcelorMittal’s head of mergers and acquisitions, is currently in South Africa for high-level discussions with both the IDC and the Department of Trade, Industry and Competition (DTIC). His presence is seen as a sign that negotiations have accelerated. The IDC recently completed a due diligence review […]
HI offshore development, in partnership with Sunlink Energies, is expected to produce 350 million standard cubic feet of gas per day for Nigeria LNG, reinforcing the country’s position in global liquefied natural gas (LNG) exports and marking a major offshore investment by Shell in Nigeria. The project follows a transaction in which TotalEnergies sold its […]
This coastal country, west of the Prime Meridian, has now become one of the continent’s budding investment hubs, fueled by numerous components within its human and natural resources. This fact was highlighted at the economic investment forum, Fii Senegal, where several investors from across the world came to explore the market-based potential Senegal offers. The […]
BMI, a unit of Fitch Solutions, has maintained its Brent crude price forecast at an annual average of US$68 (RM287) per barrel for 2025 and US$67 per barrel for 2026, down from US$80 per barrel in 2024. In its latest commentary titled “Weekly Commodities Strategy: Brent Indicators Show Little Sign of Oversupply So Far”, BMI […]
The UK Manufacturing Africa has designed a programme to accelerate industrial growth by streamlining the connection between manufacturers and investors. By identifying and actively removing the various barriers that hinder successful deal flow, the programme is acting as a crucial intermediary, ensuring manufacturing businesses are presented with investment opportunities and vice versa. The UK government-funded […]