In a significant legal development, Malta has won the first round of its court battle against the European Commission (EC) regarding its citizenship-by-investment (CBI) program.

The Council of the European Union has recently announced the removal of Antigua and Barbuda from its blacklist of non-cooperative tax jurisdictions.

Gold is making a strong comeback as a recognized asset class, according to Arnout van Rijn, a portfolio manager at Robeco’s multi-asset investment team. The recent surge in gold prices, which hit an all-time high of $2,685 per ounce in September, has sparked renewed interest in the precious metal as a reliable store of value, particularly in times of geopolitical uncertainty. Van Rijn argues that gold should no longer be dismissed as a sentimental or outdated investment. Instead, it is proving to be an essential component of a diversified portfolio, with its appeal extending beyond its historical reputation as a safe haven during crises.

With Walmart’s stock reaching an all-time high, Alice Walton, the only daughter of the retail giant’s founder, Sam Walton, has claimed the position of the world’s wealthiest woman for the first time since May 2022.

Small and Medium-sized Enterprises (SMEs) in Nigeria account for approximately 96% of all businesses and contribute about 84% of private sector employment. As key drivers of economic growth, these small businesses play a vital role in Nigeria’s efforts to diversify and expand its economy.

As we embark on the month of September, Fiduciary Services Limited is delighted to spotlight a remarkable achievement. Our Managing Director, Mercy Edukugho-Aminah, has been featured in the prestigious Ladies in Business Magazine Global.

In a groundbreaking move set to transform the tourism landscape of Southern Africa, five countries—Angola, Botswana, Namibia, Zambia, and Zimbabwe—have agreed to expand their Schengen-style single visa system.

The United Arab Emirates (UAE) has witnessed a significant surge in the popularity of its Golden Visa schemes, with approvals tripling from 2021 to 2023.

The Corporate Affairs Commission (CAC) has released new guidelines to support Deposit Money Banks in their ongoing recapitalization efforts.
In March 2024, the Central Bank of Nigeria (CBN) directed all banks to increase their capital base to enhance productivity. The CBN mandated that commercial banks with international authorization must raise their capital base to ₦500 billion, while national banks must reach ₦200 billion threshold, and those with regional authorization are expected to achieve a ₦50 billion capital floor. Banks have started issuing public offers and rights issues to raise the money and meet the two-year target.

Mozambique’s government has approved a resolution on its tariff offer for implementing the African Continental Free Trade Area (AfCFTA) agreement and a national strategy for its execution. This decision allows Mozambique to access the AfCFTA Adjustment Fund designed to help member states mitigate any negative impacts from the agreement’s implementation.