Asia and Europe stocks climb on the US lead while dollar dips
Asian and European stock markets saw strong gains on December 3, following a rally in US tech stocks that pushed…
Month: December 2024
Euro Steadies as France Political Crisis Worsens Investor Concerns
The euro stabilized on Tuesday, recovering slightly after political turmoil in France heightened market volatility. French Prime Minister Michel Barnier…
Forex Turnover in NAFEM Jumps 62 Percent to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a 61.9% year-on-year increase in dollar turnover, reaching $43.09 billion in the first…
System liquidity hits N518.9bn in November
System liquidity in Nigeria rebounded to a surplus of N518.9 billion in November 2024, up from a deficit of N207.6…
Coronation Insurance reports N2.2bn profit highlights digital transformation
Coronation Insurance Plc has announced a profit before tax of N2.2 billion for the financial year ending 2023, a remarkable…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower customers across…
SEC Guarantees Safety Of Fintech Investors’ Funds
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds, especially within the growing fintech ecosystem.…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building practices to…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1 billion in Q2 2024, marking a…
Norway Wealth Fund to Probe Shoe Producers and Crypto Firms for Ethical Breaches in 2025
Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, will investigate ethical concerns surrounding shoe manufacturers, cryptocurrency companies, and gambling…
Marketers Divided Over Advance Payment Policy by Dangote Refinery
Oil marketers in Nigeria have voiced differing opinions regarding a new policy by Dangote Refinery requiring advance payments for product…
Singapore Central Bank Fines JPMorgan Over Misconduct by Relationship Managers
Singapore’s Monetary Authority (MAS) has fined JPMorgan Chase S$2.4 million (USD 1.79 million) for failing to prevent misconduct by its…
Access Bank Drives Digital Transformation to Expand Financial Inclusion and Enhance Retail Banking
Robert Giles, Senior Banking Advisor at Access Bank Plc, highlights the bank’s strides in digital innovation and financial inclusion. With…
FCCPC Engages GT Bank, MTN, Air Peace Over Possible Violation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to address consumer complaints against Guaranty Trust Bank (GTB), MTN…
Schneider Reiterates Commitment to Accelerate Data Centre Market
Schneider Electric has reaffirmed its dedication to expanding its presence in the data centre market across East and West Africa,…
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited (NGX) closed last week on a negative note, reflecting the impact of the Central Bank of…
NASD seeks compliance with SEC’s rule on trading unlisted securities
The NASD OTC Exchange has called on public limited companies to adhere to a Securities and Exchange Commission (SEC) rule…
Bitcoin Faces Volatility as Traders Hedge Against Decline
Bitcoin’s recent failure to surpass the $100,000 milestone has prompted a wave of caution among investors, evidenced by a shift…
CBN Raises N11.29trn Via NTBs as 364-Day Yield Hit 23.5%
In 2024, the Central Bank of Nigeria (CBN) successfully raised N11.29 trillion through Nigerian Treasury Bills (NTBs), marking a 106.4%…
Euro’s bruising leaves global investors on edge
The euro has dropped by over 3% against the U.S. dollar in November, heading toward its worst month since early…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets, according to the African…
Equity market loses N185bn in one week
The Nigerian equity market experienced a decline of N185bn last week as the All-Share Index dropped by 0.33%, closing at…
CBN Launches New User-Friendly Website to Boost Transparency
The Central Bank of Nigeria (CBN) has unveiled its newly redesigned website today, December 2, 2024. According to a statement…
SEC flags Marino FX as illegal crypto exchange
The Securities and Exchange Commission (SEC) has discredited Marino FX Limited, a company falsely claiming to be an SEC-licensed cryptocurrency…
Equities market dips as investor sentiment wanes
The Nigerian equities market closed on November cautiously, with the NGX All-Share Index (ASI) dipping by 0.33% to 97,506.87 points…
Innovative Financing Crucial to Africa’s Maritime Growth Says NIMASA DG
Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has called for innovative financing models…
Nigerian Stock Market Declines Amid Mixed Sentiments and Sectoral Divergences
The Nigerian Exchange (NGX) All-Share Index dipped by 0.33% in the week ending November 29, 2024, closing at 97,506.87 points…
Stanbic IBTC Bank Launches Senior Citizens Account for Nigerians Aged 50 and Above
Stanbic IBTC Bank has introduced the Senior Citizens Account, a specialized banking service tailored for Nigerians aged 50 and older.…