LASG to Invest N244.82 Billion Bond Proceeds in Key Sectors for Sustainable Growth
Lagos State Government (LASG) has unveiled plans to strategically deploy the proceeds from its latest bond issuance, totaling N244.82 billion,…
Category: Business
NGX Loses N6.4 Trillion as Investor Anxiety and Geopolitical Tensions Weigh on Market
The Nigerian stock market has posted three consecutive weeks of losses, shedding over N6.4 trillion in market capitalisation as heightened…
Investor Demand for T-Bills Weakens as Treasury Falls 23% Short of Target
Investor appetite for T-Bills continued to weaken last week, leading to another undersubscription at the government’s latest auction. Despite the…
Audit Reveals N61 Billion in Payment Breaches at NNPC Ltd
The Office of the Auditor-General for the Federation has uncovered major financial irregularities at the Nigerian National Petroleum Company Limited…
FTN Cocoa, Unity Bank Shine as Nigerian Stocks Rally Amid Bearish Market – Week Ending Nov 21, 2025
The Nigerian stock market closed the week ending November 21, 2025, under bearish pressure, shedding 3,290.97 points to settle at…
Nigeria Sees Surge in Petrol Shipments After Government Suspends Import Duty
Nigeria has recorded a significant surge in petrol shipments following the Federal Government’s decision to delay the implementation of a…
Nigeria’s SEC Implements T+2 Settlement Cycle to Boost Capital Market Efficiency
The Securities and Exchange Commission (SEC) has announced that Nigeria’s capital market will transition to a T+2 settlement cycle for…
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking…
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising strategies and embrace debt market financing as…
Naira Weakens to ₦1,456.72/$ Amid Rising FX Demand Despite Growing Reserves
The naira closed the week on a weaker note as pressure in the foreign exchange market pushed the currency down…
Nigeria EV Adoption Divides Experts as Senate Advances Green Mobility Bill
Nigeria’s journey toward electric vehicles (EVs) has taken a major legislative step with the Senate’s advancement of the Electric Vehicle…
Lagos to Channel N244.82bn Bond Proceeds into Critical Infrastructure Development
Lagos State has announced plans to invest N244.82 billion raised from its latest bond issuance into critical infrastructure across the…
Lagos and LCCI Call for Investment in Community-Owned Mini-Grids to Boost Power Access
The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) are pushing for greater investment in Nigeria’s…
Asia Tech Stocks Plunge Following Wall Street AI Selloff Amid Fading Rate-Cut Hopes
Asia-Pacific markets suffered significant losses on Friday as Wall Street’s earlier AI-related rally reversed sharply, rattling investor confidence. Hopes for…
Nigerian Equities Market Slides as Capitalisation Drops by N292 Billion
The Nigerian equities market extended its losing streak yesterday, with market capitalisation dropping sharply by N292 billion. Investors faced a…
VFD Group Redeems N12.8bn Commercial Paper, Strengthening Liquidity and Investor Confidence
Investment powerhouse VFD Group has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP) under its N20 billion CP…
Strong Disinflation and Lower Interest Rates Set Stage for Ghana’s 2026 Economic Recovery
Ghana is poised for a significant economic rebound in 2026, thanks to strong disinflation trends and declining interest rates, according…
Afreximbank 9M’25 Financial Scorecard Highlights Strong Liquidity and Resilient Growth
African Export-Import Bank (Afreximbank) and its subsidiaries have released a robust financial performance report for the nine months ended September…
FG Oil Revenue Drops by N345 Billion in September Amid Production Shortfalls
Nigeria’s federal government recorded a significant drop in oil revenue in September 2025, with collections from the oil and gas…
Dangote Group Strengthens SME Support at Kano International Trade Fair 2025
The Dangote Group is set to make a significant impact at the Kano International Trade Fair, running from November 22…
CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation
The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms are beginning to…
Lagos Raises N244.82bn in Oversubscribed Green and Conventional Bonds to Fund Infrastructure
Lagos State has successfully raised N244.82 billion through a combination of green and conventional bonds, underscoring strong investor confidence in…
UAC Nigeria’s N182 Billion Acquisition of CHI Set to Reshape Consumer Goods Landscape
In a landmark deal that has captured the attention of Nigeria’s business community, UAC Nigeria has acquired CHI Limited in…
Ghana Set for Strong Economic Growth in 2026, Fitch Solutions Forecasts
Ghana is on track for robust economic growth in 2026, according to forecasts by UK-based research firm Fitch Solutions. The…
Yen Under Pressure as Dollar Eyes Weekly Gain Amid Market Intervention Concerns
The Japanese yen remained under pressure near a 10-month low on Friday, prompting traders to watch for potential intervention from…
Nigerian T-Bills Demand Hits New High as Investors Chase High Yields with N1.23tn Bids
Investor appetite for Nigerian Treasury Bills surged sharply at the latest auction on Wednesday, November 19, 2025, as total bids…
Foreign Investors Return to NGX as Market Hits Record N2.03tn in 2025
Foreign portfolio investors have made a powerful comeback to the Nigerian Exchange Limited, with foreign trades surging to an unprecedented…
SEC Summit to Highlight Technology-Driven Compliance in Nigeria’s Capital Market
The Securities and Exchange Commission has underscored the growing importance of technology-led compliance in Nigeria’s capital market as it prepares…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses…
FUGAZ Banks Drag Nigerian All-Share Index Down 0.23% Despite Surge in Trading Volume
The Nigerian stock market faced a modest downturn on Tuesday, 19th November, as the All-Share Index (ASI) slipped 340.50 points…