Nigeria Stock Market Decline Deepens as Analysts Explain N5.14 Trillion Drop
The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value within just…
Category: Economy
NGX Market Crash: Investors Lose N5.15 Trillion in Just Four Trading Days Amid Profit-Taking Spree
The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a staggering…
UK Calls Nigeria Stability a Priority Amid Rising Economic and Electoral Interests
The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic, financial, and security investments…
Naira Strengthens Below N1,360/$ for First Time in Four Weeks as Forex Reforms Boost Market Confidence
Nigeria’s currency recorded a significant milestone on Thursday as the naira strengthened below the N1,360/$ mark for the first time…
Asia-Pacific Markets Slide as Middle East Tensions Surge and Oil Prices Climb
Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States, and Israel…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising Transaction Growth
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the…
Telecom Sector Attracts Just $7.24m Foreign Capital in Q1 2026 Despite Tariff Hike
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking…
Africa Can Unlock $469bn Annually Without Raising Taxes – AfDB Pushes Efficiency Reform
Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates, according to the…
Tinubu, African Leaders Seek Stronger Global Investment Partnerships at London Stock Exchange
President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial institutions, stressing that deeper…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy Framework
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign Exchange Market
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability in Nigeria FX Market
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest…
Nigeria’s China Zero-Tariff Deal Faces Reality Check as Experts Demand Shift to Value-Added Exports
More than a month after Nigeria was included in China’s zero-tariff arrangement for African exports, expectations are rising—but so are…
Afreximbank deploys new instruments, trading models for AfCFTA
The African Export-Import Bank (Afreximbank) is ramping up efforts to turn the African Continental Free Trade Area (African Continental Free…
Dangote Crowned Africa’s Most Admired Brand for Eighth Consecutive Year
Dangote Industries Limited has once again solidified its reputation as a continental powerhouse after being named Africa’s Most Admired Brand…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market capitalisation…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria’s stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian Exchange (NGX) growing from…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria’s Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first quarter of 2026, despite ongoing power…
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…
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…
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 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…
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…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound…