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Ghana’s Vice President says the government is moving quickly to back the cedi with gold in a bid to stabilize the local currency. 

Will backing cedi with gold induce stability?

Nigeria's Federal Inland Revenue Service plans to present a bill to parliament for taxing cryptocurrency by September as it looks to overhaul the entire process of revenue administration in the country. 

Nigeria plans tax laws regulating crypto

Nigeria gets set to begin naira crude oil sale to Dangote Refinery and others starting from the first of October this year. 

Nigeria to begin naira crude sale in October

Sierra Leone has recorded its first local currency corporate bond valued at approximately 1.4 million dollars. How much impact will this have on the country’s capital market? 

Investors look to Sierra Leone’s first corporate bond

Nigeria has recorded its first inflation slowdown this year with the headline inflation easing 80 basis points to 33.4 per cent in July. Meanwhile, Nigeria begins the implementation of duty-free import of food items today. 

Nigeria records first inflation slowdown in 19 months

Restructuring the Capital Market Committee, addressing unclaimed dividends, ensuring rule-making process faster, among other developments were the high point of the second Capital Market Committee by the Securities and Exchange Commission. 

Nigeria’s SEC moves to drive market efficiency

As the race to meet the 24 months' notice for the minimum capital requirement of banks gains momentum, Fidelity and GTCo have already closed their rights offering, while Access Holdings has extended its closing date by another 10 days. 

Recapitalisation: Are market sentiments favouring banks?

The Group Managing Director of Zenith Bank, Adaora Umeoji says she remains optimistic about the bank’s capital raise programme following feedback from investors. 

Zenith Bank's Umeoji optimistic on capital raise programme

Northcourt expects Nigeria’s real estate market to grow by 7.24 per cent and reach a total estimated value of 2.14 trillion dollars by the end of this year. 

Northcourt: Nigeria’s real estate market to grow 7.24% in 2024

Data by the Organisation of Petroleum Exporting Countries shows that Nigeria’s crude oil production rose to 1.307 million barrels in July. 

Nigeria’s oil production rises to 1.3mbpd in July

Pension Funds Administrators invested about 63.3 per cent of the total assets under the Contributory Pension Scheme in Federal Government securities in the first half of 2024. 

PFAs invest 63.3% of assets in government securities


Analysts at Rand Merchant Bank say they expect the demand level in the fixed-income market to moderate from last week's level as rates near unattractive levels.

CBWA