June 30, 2025/CSL Research According to data released last week by the Central Bank of Nigeria (CBN), the current account recorded a surplus of US$3.7 billion (2.0% of GDP) in Q1 2025. This represents a slight decline from the US$3.8 billion surplus posted in the previous quarter but reflects a […]
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Financial Sector: Africa Launches First Pan-African Card Scheme – PAPSSCARD
Image Credit: Afreximbank The new card represents a major leap in Africa’s efforts to achieve financial sovereignty by building resilient and independent payment systems June 30, 2025/Afreximbank Africa has marked a significant step towards financial independence following the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Unveiled on June […]
NGX-ASI Closed Bearish…Down by 1bp
June 30, 2025/United Capital Report Today, the Nigerian Exchange (NGX) closed on a negative note following share price depreciation in WAPCO (-3.00%) and GTCO (-1.52%). As a result, the benchmark All-Share Index (NGX-ASI) fell by 0.01% to close at 119,978.57 points. YTD returns declined to 16.57%, while market capitalization closed […]
