Managers of Wealth Africa

Firm targets top-five insurance ranking with new strategy

The company stated that the new trajectory follows its successful recapitalisation exercise aligned with the regulatory standards set by the Nigerian Insurance Industry Reform Act 2025.

10 Major companies the EFCC is prosecuting in 2026

Drawing on official EFCC releases, court filings and other publicly available records, below are 10 of the most significant ongoing cases involving companies and corporate interests in 2026.

First HoldCo overtakes Zenith, GTCO as Nigeria’s most capitalized banking stock

The milestone reflects sustained investor confidence in the financial holding company, supported by record earnings, improving fundamentals, and increased strategic investments by billionaire businessman Femi Otedola.

Investors identify Africa’s next billion-dollar opportunities at UBA Business Series

A major highlight of the discussion was the consensus among panellists that financial inclusion, the creative economy, sports, and small and medium enterprises (SMEs) represent the sectors most likely to produce Africa’s next billion-dollar companie

Nigeria’s foreign reserves hit $51.86 billion, highest since 2009

The milestone underscores the strengthening of Nigeria’s external position amid improved foreign exchange inflows, rising export earnings, and sustained investor interest in the country’s financial assets.

Inflationary pressures ease as expected

This marks a reversal of the upward inflation trend observed since March

Naira remains broadly stable in June

The resulting moderation in market liquidity constrained the availability of FX supply.

Upward trajectory in pension assets

The sustained growth reflects a combination of continued pension contributions, increasing enrolment levels

Regency Alliance targets N932m Q3 profit

To bolster its core underwriting profit, Regency Alliance is relying heavily on its investment portfolio

Insurers are investing heavily in AI, yet many are still struggling to realise meaningful returns

That matters in a sector where AI is already affecting underwriting, claims, fraud detection, customer service, compliance and internal productivity.

Good governance comes before investment – SBG’s Goolam Ballim

‘Africa has never enjoyed such economic reverence.’

Nigeria’s FX market turnover crashes 46.57% to $1.63 billion second week of July

….FX Spot plunges $1.38 billion as Forwards halve; daily average collapses from $610.60 million to $326.22 million

Joburg to pay R2.4bn in debt to get R3.6bn funding reinstated

And plans bond sale to fund upgrades to infrastructure.

Airtel Africa hits N5,801 as NGX surges N3.45 trillion; YTD return reclaims 55% threshold

….ASI climbs 2.27% to 242,459.98 points as Oil & Gas leads five-sector advance; Fidelity Bank jumps 9.97%

Mild PCE growth amid a constrained outlook

This constrained credit expansion highlights the impact of the prevailing tight monetary policy stance, driven by the CBN’s elevated interest rates.

Standard Bank PMI Index: Business Activity Improved in June, But Recovery Remains “Fragile”

In June, the Mozambique PMI stood at the neutral level of 50.0, “marking a slight increase” compared to May, which indicates that “business conditions stabilized after slight deteriorations were recorded in the previous two months.&r

Nigeria’s private sector expands for fifth consecutive month in June

Output and new orders increased further during the month as firms reported stronger customer demand

Absa slides almost 7% on weaker trading update

Warns of margin pressure as African growth expectations weaken.

Standard Bank: Natural Gas Could Boost Economy by $11 Billion Per Year

To implement this project, an estimated investment of around $30 billion will be required.

BdM: Pension Funds Held 36.8% of the Capital Market in 2025

The report also notes that, “similar to the appetite for sovereign risk demonstrated by the banking sector, pension fund investments in the MVM are also concentrated in Treasury bonds

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