Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess…
Category: Economy
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully…
Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List
Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are…
Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia Earnings and Rising Oil Prices
Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start as investors shifted…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake Nigeria’s Economy
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar, settling at…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension
European stock markets began the week on a negative note after renewed tensions between the United States and Iran rattled…
Africa’s Cement Industry Set to Hit $11.71bn by 2029 Amid Infrastructure Boom
Africa’s cement manufacturing industry is on track for significant expansion, with its total market value projected to rise from about…
IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and Inflation Pressures
The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald Trump and Chinese President Xi Jinping,…
NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key market indicators, despite…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling
The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853 per British pound,…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and Investment Growth
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at accelerating economic growth, expanding…
OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription
Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a staggering…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities Under AfCFTA
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies,…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy,…
NIBSS Intermittent Failures Trigger Delayed Transactions Across Nigerian Fintech and Banking Channels
Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank Settlement System (NIBSS) reportedly suffered intermittent system…
Nigerian Stock Market Rally Continues as Equities Gain N1.52 Trillion Amid Strong Investor Demand
The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of about N1.52 trillion,…
IMF Warns Unrealistic Budgets Are Driving Wider Fiscal Deficits in Sub-Saharan Africa
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the International Monetary Fund…
FGN Bond Auction May 2026: DMO Announces N600 Billion Issuance to Finance Government Spending
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled for May 2026…
Tinubu blames high borrowing costs for Africa’s weak manufacturing growth
President Bola Ahmed Tinubu has blamed high borrowing costs, illicit financial flows, and restrictive global financial policies for the slow…
Nigeria’s Oil Production Climbs to 1.66mbpd in April as Output Nears OPEC Quota
Nigeria’s oil production recorded a strong increase in April 2026, with total crude oil and condensate output rising to 1.663…
Egypt Overtakes Nigeria on FT Fast-Growing Firms Ranking as Naira Crisis Hits Startups
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies, with Egypt emerging as the…
Nigerian Breweries, Guinness, Others Defy Economic Hardship as Revenue Jumps to N2.8 Trillion
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing companies posted impressive financial results in 2025, highlighting…
NNPC and NUPRC Remit N322bn, $116.9m Under Executive Order 9 as Nigeria Boosts Oil Revenue Transparency
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum Regulatory Commission…
Nigeria’s Banking Sector Set for N10.53 Trillion Liquidity Surge as Investor Confidence Improves
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026, signaling…
Dollar Cycles and Middle East Tensions Put African Industries at Risk – Manufacturers Warn
African manufacturers are raising concerns that recent currency stability across parts of the continent may be misleading, as deeper structural…