Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new legislation passed by the National Assembly…
Month: June 2025
Ultra App Launches in Nigeria, Ushering in a New Era of Seamless Financial Payments
Nigeria’s financial technology landscape has taken a significant leap forward with the launch of Ultra App, a digital financial solution…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid Economic Uncertainty
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72 trillion,…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in global crude oil…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt Management Office (DMO).…
Nigerian Bank Compliance Chiefs Call for AI-Driven Risk Management to Tackle Financial Crime
The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) has advocated for the integration of artificial intelligence (AI)…
US Banks Surge After Passing Fed Stress Test, Paving Way for Shareholder Payouts
Wall Street’s leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal Reserve’s annual…
Investors Pivot to Europe Amid U.S. Tariff Uncertainty Under Trump
A growing number of global investors are shifting their focus from the U.S. to Europe, driven by growing instability in…
NCC Champions New Policy to License Community Networks for Rural Connectivity
The Nigerian Communications Commission (NCC) has proposed a policy initiative to license and support the development of community networks in…
Nigerian Stock Market Soars, Adds N1.43 Trillion in One Week
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value last week, with…
Nigeria Sets Sights on $128 Trillion Global Asset Market as Mutual Funds Surge
Nigeria is positioning itself to tap into the booming $128 trillion global asset management market, buoyed by a significant rise…
CBN Reports $3.73bn Current Account Surplus in Q1 2025, Boosted by Non-Oil Exports and Trade Gains
Nigeria recorded a current account surplus of $3.73 billion in Q1 2025, driven primarily by a sharp increase in non-oil…
Nigeria’s N149.39tn Public Debt Triggers Alarms Over Sustainability and State-Level Exposure
Nigeria’s public debt surged to ₦149.39 trillion as of March 31, 2025, sparking serious concerns from experts over debt sustainability,…
Treasury Yields Dip as Trump’s $3.9 Trillion Spending Bill Awaits Senate Decision
U.S. Treasury yields edged lower on Monday morning as market participants closely watched developments surrounding President Donald Trump’s proposed spending…
ATII to Spearhead Africa’s Tech-Driven Industrial Revolution at Inaugural African Industrial Forum
The African Technology and Innovation Institutes (ATII) has announced the inaugural African Industrial Forum (AIF), a major initiative to catalyze…
Global Central Bankers Face Rising Questions on Dollar Dominance at Sintra Summit
Top central bankers from the U.S., euro zone, Japan, Britain, and South Korea are gathering in Sintra, Portugal, for the…
FCMB Launches Sangotedo Branch to Boost Economic Growth in Lagos
First City Monument Bank (FCMB) officially opened a new branch in Sangotedo, Lagos, on June 26, 2025, as part of…
Parliament Urges Bank of Ghana to Safeguard Cedi Gains Amid Global Trade Dynamics
The Trade, Industry and Tourism Committee of Ghana’s Parliament has urged the Bank of Ghana (BoG) to intensify its monitoring…
‘Dangote’s Investment Of N720bn On CNG Trucks To Save Nigerians N1.7trn’
Dangote Petroleum Refinery has invested over N720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute…
FinTech Seeks Improved Data Ecosystem For Credit Score Metrics
The Managing Director of Sofri, Mr. Paul Adebayo, has emphasized the urgent need for a more robust and efficient data…
Bullish Momentum Persists in Nigerian Bond Market as Yields Drop to 18.38%
Nigeria’s bond market extended its bullish streak last week as investors continued to show strong demand for government debt securities.…
Nigerian Stock Market Dips by N308bn as Investors Take Profits in Large-Cap Stocks
The Nigerian equity market reversed its recent bullish trend on Thursday, recording a significant loss of N308 billion in market capitalization. This…
Cardoso Stresses Institutional Resilience as Foundation for Africa’s Economic Growth
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of…
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed Signals
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI…
AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost Trade
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA),…
Nigeria’s Bond Market Booms as Inflation Eases: DMO Auction Sees 603% Oversubscription
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows – AFC Report
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment (FDI) for the continent…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth…
Treasury Yields Dip as Trump Targets Fed Chair Powell Amid Economic and Geopolitical Uncertainty
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome Powell. The declines came after…
Trump-Backed Crypto Firm Plans Stablecoin Audit and New App Amid Token Trade Speculation
World Liberty Financial (WLF), the cryptocurrency platform backed by U.S. President Donald Trump, is planning to release an audit of…