Nigerian Stocks Edge Up as MPC Maintains Policy Rates
Nigeria’s equities market posted a slight gain of 0.03% on Tuesday, equivalent to a N20 billion increase in market capitalization.…
Day: May 20, 2025
BudgIT Uncovers N6.93 Trillion Worth of Questionable Projects in 2025 Budget
BudgIT, a civic technology organization advocating for transparency in public finance, has uncovered that the National Assembly inserted 11,122 projects…
Japan’s Super-Long Bond Yields Hit Record Highs Amid Fears Over Weak Demand and BOJ Policy Shift
Yields on Japan’s super-long government bonds surged to historic highs on Tuesday, fueled by investor concerns over weak demand following…
CBN Faces Crucial Decision as Inflation Cools Amid Global Uncertainty
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) convenes today amid high anticipation from economists and investors, as…
Dangote Refinery Vows to Keep Petrol Prices Stable Amid Global Oil Volatility
Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria, despite ongoing fluctuations in global…
Nigeria’s Digital Economy Surges with $191m FDI and $2bn Fibre Optic Rollout
Nigeria’s digital economy is experiencing unprecedented growth under President Bola Ahmed Tinubu, attracting $191 million in foreign direct investment (FDI)…
Youth Innovators Call for Digital Inclusion to Bridge Development Gap
At the recent Global Accessibility Awareness Day (GAAD) event in Abuja, young innovators advocated for improved digital connectivity as a…
Wale Edun: Capital Market Crucial to Nigeria’s $1 Trillion Economy Vision by 2030
The Nigerian government has underscored the vital role of the capital market in achieving its ambitious goal of a $1…
Cautious Optimism in Ghana’s Bond Market as Secondary Trading Rises
Ghana’s bond market witnessed a notable surge in secondary trading activity last week, with the total value of trades increasing…
Ghana Cedi’s Strong Recovery Marks Economic Turnaround – Ato Forson
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has highlighted the recent appreciation of the Ghana cedi as a key sign…
CBN Reassures Nigerians of Banking Sector Stability Amid False Reports
The Central Bank of Nigeria (CBN) has moved to calm public fears about the safety of the country’s banking sector,…
MTN Sues 20 Banks to Recover N6bn Interconnect Debt from SleekChip Technologies
MTN Nigeria has taken legal action against over 20 banks in an attempt to recover a debt of approximately N6…
Intel Considers Sale of Networking and Edge Business to Refocus Core Strategy
Intel is reportedly exploring the sale of its networking and edge (NEX) business as part of a broader strategic shift…
Dollar Faces Continued Weakness as Global Confidence in U.S. Assets Wanes
The U.S. dollar is facing mounting pressure as investors increasingly perceive it as overvalued, despite recent declines. Weakened faith in…
FX Market Turnover Rises to $1.76bn Amid Sharp Decline in Derivatives Activity
The Nigerian foreign exchange (FX) market recorded a slight uptick in trading activity last week, with total turnover across the…
Nigeria Eyes $1 Trillion Economy Through Capital Market Reforms and Innovation
The Federal Government of Nigeria has reiterated its ambition to achieve a $1 trillion economy by leveraging private sector innovation…
U.S. Treasury Yields Decline After Fed Signals Limited Rate Cut in 2025
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it anticipates only a…
Nigeria’s exit from FATF grey list will increase investor confidence, says SEC
Nigeria’s anticipated removal from the Financial Action Task Force (FATF) grey list is expected to significantly enhance investor confidence and…
Naira Strengthens Slightly to N1,597/$1 Ahead of MPC Meeting Amid Forex, BDC Sector Tensions
The Nigerian naira appreciated slightly to N1,597 per US dollar at the official market on Monday, showing modest improvement from…
JPMorgan Signals Bitcoin Shift as Ukraine, Corporations, and ETFs Drive Institutional Surge
In a significant move for institutional cryptocurrency adoption, JPMorgan Chase CEO Jamie Dimon announced that while the bank will not…
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Nigeria’s SEC Launches New Digital Platform to Boost Market Transparency and Investor Confidence
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the redesigned website of…