Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
Day: June 2, 2026
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global Trading Era
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the…
NGX Opens Week Bearish as Market Capitalisation Drops 1.13% on Heavy Sell Pressure
The Nigerian Exchange Limited (NGX) began the new trading week on a negative note as investors recorded widespread losses across…
European stocks rebound as oil prices slip; Abivax shares tumble
European markets staged a recovery on Tuesday as investor sentiment improved, with the Stoxx 600 climbing around 0.7% after recent…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77 Trillion Pressure Point
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead of 2027 Elections
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Nigeria Courts Turkish Investors in Bold Push to Tap $750bn Mineral Wealth
Nigeria has taken a major step to unlock its vast mineral wealth as it signs a new partnership with Türkiye…
Nigeria’s 3.89% GDP Growth Fails to Lift Living Standards Despite Economic Gains – MoneyAfrica
Nigeria’s economy recorded a 3.89% year-on-year growth in the first quarter of 2026, but fresh analysis from investment research firm…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium Motor Spirit (petrol) skyrocketed by…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on Monday after oil-sector workers under…
Alphabet to Raise $80 Billion for Massive AI Expansion as Berkshire Hathaway Joins Investment Push
Alphabet, the parent company of Google, has announced a massive plan to raise $80 billion through stock sales as it…
Flutterwave Hits 1 Billion Transactions and $40 Billion Payment Volume as African Fintech Growth Accelerates
African fintech powerhouse Flutterwave has reached a major milestone, announcing that it has now processed over 1 billion transactions and…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising Reserves
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing…
Nigeria Economy Q1 2026: Best and Worst Performing Sectors as Growth Strengthens but Risks Persist
Nigeria’s economy is showing clearer signs of stability in 2026, with stronger macroeconomic indicators compared to the previous year. After…
Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle, making it the…
Oil Prices Surge as US–Iran Diplomacy Collapses Over Middle East Tensions
Global oil prices surged on Monday after diplomatic efforts between the United States and Iran showed signs of collapse. The…
12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of Payout Dates and Stocks
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments…
Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital Infrastructure
As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy sources has become a critical…
Nvidia Targets $200 Billion AI PC Market with New RTX Spark Superchip
Nvidia has taken a major step toward reshaping the future of personal computing with the launch of its new RTX…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings, Expert Warns
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned…