Equity markets witnessed broad-based selling pressure on Friday following the IMD’s monsoon forecasts of 90% of the long-period average (LPA), raising concerns among investors. The prospect of deficient rainfall, coupled with the increasing likelihood of an El Niño weather pattern, has heightened fears of elevated food inflation in the coming months. However, the downside risk…
The Bank of Ghana has suspended a proposed 0.75 percent fee on direct transfers from mobile money wallets to bank accounts, directing Mobile Money Fintech Limited to halt the planned implementation effective June 1, 2026. The central bank announced the suspension on May 26 following widespread public criticism of the new charge, which was initially…
Fidelity Bank Plc has appointed Jonathan Ososuakpor as a Non-Executive Director of the bank, taking effect from 22 May. The bank disclosed the appointment in a statement posted on NGX Group and signed by the Fidelity Bank’s secretary, Ezinwa Unuigboje, on Monday, noting that Mr Ososuakpor can achieve the bank’s strategic objectives. According to the…
Indian equity markets continue to move within a narrow consolidation range, with benchmark indices finding it difficult to break key resistance levels. Despite this, sector rotation is keeping stock-specific action alive, even as overall momentum remains muted. According to market expert Ajit Mishra from Religare Broking, the broader setup remains sideways, with traders likely to…
The World Bank’s social media pages have become an unlikely battleground this week, overwhelmed by a torrent of angry Nigerian voices demanding the lender reject a fresh $1.25 billion loan request from President Bola Tinubu’s administration. The public outcry, which erupted after news broke that the government is in advanced talks for the new facility,…
The African Democratic Congress has raised serious allegations against the administration of President Bola Tinubu, claiming that a staggering N800 billion from the Federation Account Allocation Committee (FAAC) has been diverted to finance preparations for the 2027 general elections. The explosive claim was made by a prominent chieftain of the ADC, Ladan Salihu, during an…
A compliance officer with Zenith Bank Plc, Mashelia Arhyel Bata, told the Federal High Court in Abuja on Wednesday that the bank filed a Suspicious Transaction Report (STR) in respect of transactions linked to former Attorney-General of the Federation, Abubakar Malami. Mr Bata testified before Judge Joyce Abdulmalik as the fourth prosecution witness in the…
Microsoft (MSFT) is a software giant, known for its Windows operating system and Office software suite. It is also a hyperscaler. The biggest driver for the stock is artificial intelligence. The company’s revenue comes from three different business segments. These include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Microsoft’s cloud computing platform…
Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled to hold on Wednesday, 29 April 2026, is expected to attract senior government officials and regulators from Nigeria and Côte d’Ivoire, continental business leaders, and members of the…
If you’re a Boglehead like myself, you can talk endlessly about the compounding powers of the three-fund “lazy portfolio:” some bonds, some domestic stocks, and some international ones. Set it and forget it, never look at it again until you need to. If you don’t feel comfortable with the three-fund portfolio, you might want to…
