JP Morgan, a leading financial services provider, has indicated that insurance and pension companies are at the forefront of major organizations expected to be divested in 2024. JPMorgan Asset Management forecasts that investors might divest as much as $30 billion from their holdings in private credit funds this year. Andrew Carter, JPMorgan’s Head of Private […]
Nigeria’s pension industry witnessed a remarkable gain of N3.36 trillion in 2023, concluding the year at a record high of N18.36 trillion, up from N14.99 trillion in the previous year. This represents a year-on-year increase of 22.43%, marking the fastest growth ever recorded. The data is based on the unaudited report on pension fund portfolios […]
Dr. Wunmi Bewaji, a financial expert, emphasized that the impact of banking credit on the Nigerian economy should be assessed based on specific portfolio allocations and its societal influence, not merely focusing on the quantum or percentage increase. This insight came during an exclusive interview with our correspondent on Wednesday, in response to the recently […]
Elon Musk may not be experiencing a comfortable period, as his net worth declines further following the decrease in Tesla’s market capitalization by $30 billion at the close of trade on Monday. According to Forbes real-time billionaire estimates on Monday, Elon Musk’s net worth has witnessed a drop of $3.9 billion, placing his valuation at […]
FBNQuest, the subsidiary of FBN Holdings Plc specializing in investment banking and asset management, recently released the FBNQuest Research Economic Outlook Report. According to the report, Nigeria’s Gross Domestic Product (GDP) is expected to achieve a 3.1% growth in 2024. The document provides insights into the macroeconomic landscape, socio-political environment, and capital market, featuring perspectives […]
In the dynamic digital landscape of Nigeria, a recent statement by Hussaini Magaji, the Registrar General of the Corporate Affairs Commission (CAC), has ignited a significant discussion about the regulatory framework governing content creators and their tax responsibilities. The push for social media influencers, Instagram users, and TikTok users with substantial followings to register their […]
Airtel Africa has recently been in the news, revealing its intention to open another data center in Nairobi, marking its second in Africa following Nigeria. The objective? Diversifying revenue streams. The company is eyeing a 7-megawatt capacity center in Kenya, following its 36-megawatt facility in Lagos, Nigeria. Airtel Africa CEO, Segun Ogunsanya, states that construction […]
The launch of the DART program, dedicated to expediting the implementation of renewable energy in Nigeria, has announced the commencement of DART 3.0, featuring a diverse range of equipment and facilities. This initiative extends opportunities for Distributed Renewable Energy (DRE) companies to procure essential equipment at affordable prices and with attractive financing terms. Before the […]
Recent research conducted by Consumers International and Consumer Advocacy and Empowerment Foundation (CADEF) has revealed concerning trends in the pricing landscape of food in Nigeria. The study covers six geopolitical zones, focusing on the fluctuations in food prices, particularly staple items like yam, garri, rice, beans, chicken, and groundnut oil from November to December 2023. […]
The Liberty Finance observes that approximately 25% of the global population, nearly two billion people, follow Islam, making it the second-largest religion worldwide. Despite this significant population, decentralized finance has largely excluded Muslims. The intersection of DeFi and Cryptocurrency with Sharia law raises questions about the adherence to Islamic financial principles. Some cryptocurrencies are considered […]
