Top Stories
NGX closed −0.50% as turnover cooled (3.20bn shares, ₦85.40bn) and breadth narrowed (32 gainers vs 57 losers). Dividend plays led. New week: watch 141,000 on ASI and flows in banks/consumer names now.
The Islamic lender also assured that it is on track to meet the October 31, 2025, deadline for migration to ISO 20022, saying its core payment infrastructure is already enabled for the new standard.
Tracking the ups and downs of Egypt’s biggest companies just became easier. On August 17, 2025, the Egyptian Exchange (EGX) unveiled its first-ever mobile app, giving investors real-time access to market data directly from their phones—anywhere in the world.
Despite the uptick, inflation remained comfortably within the South African Reserve Bank’s 3-6% target band, leaving room for more rate cuts.
Brand Press:
Other highlights
CBN orders all POS machines in Nigeria to be geo-tagged within 60 days, ending roaming agents while adopting ISO 20022 to curb fraud and boost payment transparency.
Africa is fast emerging as the Gulf’s newest frontier for capital. In the past two weeks, Al Mansour Holdings, one of Qatar’s leading conglomerates, announced plans to invest $103bn across six African nations.
Nigeria’s banks are racing to meet the central bank’s recapitalisation deadline, raising ₦800bn ($523m) in the first seven months of 2025, with a further ₦900bn projected by December.
According to the latest Foreign Investment Survey (FIS), 56.9% of foreign-owned enterprises in Kenya plan to reinvest or expand their operations over the next three years, committing at least KSh100 million ($745,000).
