Beyond the Balance Sheet: Nigeria’s Bank Recapitalisation Spurs Debate on Profit vs Purpose
With only months left before the Central Bank of Nigeria’s (CBN) recapitalisation deadline, banks in Nigeria are rushing to meet…
Month: June 2025
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark Investor Optimism
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial results, which mark a strong…
CBN Crackdown on Forbearance Exposes FirstHoldco, Others to Billions in Loan Risks
The Central Bank of Nigeria (CBN) has taken a firm stance by reverting to orthodox monetary policy, enforcing stricter regulations…
U.S. Backs Investment Push in Lagos Free Zone, Eyes Stronger Economic Ties with Nigeria
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly in the Lagos Free Zone…
Fed Likely to Hold Rates Steady: What That Means for Americans’ Wallets
The Federal Reserve is widely expected to maintain its current interest rates during its upcoming policy meeting, despite political pressure…
SEC Charts Path for Cross-Border Trade with Naira-Backed Stablecoin Framework
The Securities and Exchange Commission (SEC) of Nigeria has unveiled plans to develop a regulatory framework for stablecoins, aiming to…
CBN’s $4.01bn Forbearance Loans Under Review as Nigeria Plans Gradual Phase-Out
A new report by Renaissance Capital Africa has revealed that the Central Bank of Nigeria (CBN) extended a total of…
Breaking: Markets Steady Amid Rising Israel-Iran Tensions and Global Economic Crosswinds
Despite a dramatic escalation in the Israel-Iran conflict over the weekend, global markets opened the week on a surprisingly calm…
U.S. Futures Edge Up Amid Mideast Tensions and Fed Rate Speculation
U.S. stock futures showed modest gains on Monday, rebounding slightly after last week’s sharp losses driven by escalating conflict between…
Investors Ditch Long-Term US Bonds Amid Diminished Hopes for Aggressive Fed Cuts
Investors are turning away from long-term U.S. Treasury bonds as expectations for significant Federal Reserve interest rate cuts fade. Many…
NGX, SEC Strengthen Ties with China to Boost Cross-Border Capital Market Investments
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are intensifying efforts to position Nigeria as a…
Blue Skies Ltd Urges Government Crackdown on Illegal Sand Winning Threatening Agribusiness-Ghana
Anthony Pile, the founder of Blue Skies Ltd, a leading agribusiness exporter in Ghana, has called on the government to…
Microsoft Commits to Keeping European Cloud Data Within EU Borders
Microsoft has announced a comprehensive plan to protect the data of its European cloud customers by ensuring all data remains…
Nigerian Equities Gain N513bn in 3-Day Trading Amid Bullish Investor Sentiment
Despite a shortened trading week due to public holidays marking Eid-el-Kabir and Democracy Day, the Nigerian equities market recorded a…
Ibukun Awosika Unveils African Marketplace Dubai 2025 to Boost Global Trade for African, Caribbean SMEs
In a bold move to showcase Africa and the Caribbean’s finest export-ready businesses, Ibukun Awosika has announced the launch of…
Macroeconomic Stability, Investor Confidence Fuel Nigerian Stock Market Surge — CIS
The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has attributed the recent…
FCMB promotes literary, creative skills
First City Monument Bank (FCMB) marked Children’s Day 2025 by hosting the grand finale of its National Essay and Drawing…
Nigeria’s Crude Export Earnings Drop to N12.96tn Amid Refining Setbacks and Production Decline
Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34% year-on-year drop…
U.S. Treasury Yields Inch Up Amid Israel-Iran Tensions and Oil Price Surge
U.S. Treasury yields nudged higher on Monday as global markets remained jittery over the intensifying conflict between Israel and Iran.…
SEC Pushes for Recovery of N242bn in Unclaimed Dividends Amid Rising Backlog
The Securities and Exchange Commission (SEC) of Nigeria has revealed that unclaimed dividends in the nation’s capital market have ballooned…
Global Trade Rattled as Israel-Iran Conflict Drives Oil Prices and Inflation Surge
The renewed hostilities between Israel and Iran have ignited fresh concerns across global energy markets, with oil prices climbing to…
Meta Appoints Arun Srinivas as India Head Amid Regulatory Scrutiny
Meta Platforms has named Arun Srinivas as its new Managing Director and Head for India, with the appointment taking effect…
Asia Stocks Steady Amid Oil Price Surge and Geopolitical Tensions
Asian stock markets showed resilience on Monday despite heightened geopolitical uncertainty driven by ongoing tensions between Israel and Iran. Investors…
Government Falls Short in T-Bill Auction by GHS393m as Yields Slide
The latest Treasury bill auction conducted by the Bank of Ghana ended in a shortfall, with the government falling GHS393…
CBN Halts Dividends for Banks Under Forbearance to Strengthen Capital Base
The Central Bank of Nigeria (CBN) has ordered banks operating under regulatory forbearance to suspend the payment of dividends, defer…
DevSecFlow Launches AI-Powered Cybersecurity Platform to Fortify Nigeria’s Fintech Sector
DevSecFlow, a cybersecurity firm, has launched an advanced security operations platform called SECOYA, aimed at providing intelligent and scalable cyber…
Inflation Data and Treasury Auctions to Test Bond Market Resilience Amid Growing Deficit Worries
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and…
Afreximbank Projects $44 Billion in Trade Deals at IATF 2025 in Bold Push for Intra-African Growth
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements at the upcoming Intra-African Trade…
Sophos Supercharges Firewall Security with AI-Powered Threat Detection and Enhanced VPN Support
Sophos, a global cybersecurity leader, has released an advanced update to its Sophos Firewall software, introducing AI-driven threat detection capabilities…
Nigeria’s Telecom Sector Bleeds $350 Million Annually on Diesel Amid Power Crisis – AFC Report
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure, according to the Africa Finance Corporation’s…