Updates

AfDB to Make $30 Million Equity Investment in AFC to Catalyse Climate Action

The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy December 16, 2024/AfDB The African Development Bank’s Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for […]

UBA Donates N500 Million to Lagos State Security Trust Fund, Pledges Support for State’s Effort at Improving Security

December 16, 2024/UBA United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses. The N500m cheque was presented to the […]

November 2024 Inflation Report – Inflation Accelerates Further 34.60% Y/Y

December 2024/InvestmentOne Report The newly released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) revealed that inflation continued its uptick in November 2024, after the brief slowdown seen in July and August 2024. Specifically, headline inflation rose by 72bps to 34.60% YoY, compared to what was […]