Middle-class households in 11 leading sub-Saharan African economies, excluding South Africa, are set to balloon to about 40 million by 2030, as the benefits of economic growth are more inclusively distributed, according to Standard Bank Group Ltd. About 15 million of the 110 million households in Angola, Ethiopia, Ghana, Kenya, […]

The Nigerian Stock Exchange All Share Index edged lower on Monday with its year-to-date return declining to +0.10 per cent as equities fell for the fourth session. Last week, the NSE ASI had shed 2.86 per cent to close on Friday at 41,380.05 basis points. On Monday, the index fell […]

Afrinvest Asset Management Limited says its interim dividend for the Nigerian International Debt Fund investors has surpassed the estimated figure by over 50 per cent as a result of impressive performance by the fund. The fund manager had in July announced that it would pay an interim dividend of N36 […]