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Finance & Markets

Gold Holds Near Three-Month High as Traders Weigh Treasury Moves

Gold traded near a three-month high, as traders weighed the US Treasury’s next move in the bond market after the surprise intervention that’s revived concerns around fiscal policy.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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UBA, Fidelity Bank Secure NGX Approval to Declay H1 2026 Result

Kayode Tokede United Bank for Africa Plc (UBA) and Fidelity Bank Plc, yesterday notified market stakeholders of obtaining approval from the Nigerian Exchange Limited (NGX) to extend the deadline for

  • UBA and Fidelity Bank obtained NGX approval to delay H1 2026 result release.
  • Both banks to submit audited financial statements by September 30, 2026.
  • UBA's stock price fell 1.44% to N44.45 per share.

AFC Launches Infrastructure Climate-resilient Fund Nigeria to Mobilise Domestic Institutional Capital

AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria) as a dedicated platform…

  • Fund aims to attract pension funds, insurers, asset managers, and other institutional investors.
  • ICRF Nigeria complements AFC's $750 million Infrastructure Climate-Resilient Fund.

NESG: Industrial Policy Alone Not Enough to Achieve Industrialisation

Dike Onwuamaeze The Nigerian Economic Summit Group (NESG), has stated that industrial policy alone cannot achieve industrialisation of the Nigerian economy without a coordinated policy architecture…

  • NESG says industrial policy alone insufficient for industrialization in Nigeria.
  • Industrialization must generate employment, decent jobs, and poverty reduction.
  • Lack of infrastructure and finance hinders industrial transformation.

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