The Nigerian Exchange returned 16.57% in H1 2025, but some stocks far outpaced the market. This post highlights the top 10 gainers—driven by earnings, value plays, and sector shifts.
June 2025 was a breakthrough month for African startups, with $365 million raised—pushing total H1 funding to $1.35 billion. Equity and debt contributions signal renewed investor confidence, though Nigeria lags behind.
The IMF projects Nigeria’s fiscal deficit to rise to 4.7% of GDP in 2025, driven by falling oil revenues and increased government spending. While 2024 saw some improvement, the IMF urges urgent policy action, tax reforms, and full implementation of fuel subsidy savings to prevent deeper fiscal instability.
Africa has taken a bold step towards financial independence with the launch of PAPSSCARD—its first continental payment card. Designed to reduce reliance on foreign systems, the card enables fast, secure, and affordable cross-border transactions and supports intra-African trade growth.
Aradel Holdings Plc and Wema Bank Plc have joined the NGX 30 Index as part of NGX's half-year review, replacing Conoil and Julius Berger. The shake-up also affected indices in consumer goods, insurance, industrials, and more.
Afreximbank is set to revolutionize Nigeria’s textile industry with a $5 billion facility expected to create 250,000 jobs. The project, launching in July, is part of the bank’s wider industrialisation strategy across Africa.
President Tinubu has signed four tax reform bills into law, introducing sweeping changes aimed at simplifying Nigeria’s tax system, cutting red tape, and providing relief for low-income earners and small businesses.
MTN Nigeria has invested ₦3 billion in the Federal Government’s 3MTT Programme, empowering over 90,000 Nigerians with technical skills and digital tools to compete globally.
Defying expectations, Ghana’s cedi has become the world’s strongest currency in 2025, fueling economic growth, easing inflation, and improving living costs for Ghanaians.
Visa has appointed Aminata Kane as Senior Vice President and Head of Western and Central Africa. Kane, a seasoned leader in digital finance, will oversee operations in 23 markets, driving Visa's mission to expand financial inclusion and digital payment access across the region.