Browsing Category
Economy
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in…
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks…
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic…
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread…
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…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper…
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital…
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation…
Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia…
Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill…
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first…
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake…
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United…
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…
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…
IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and…
The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald…
NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed…
The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians…
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of…
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…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and…
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at…
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…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities…
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to…
NIBSS Intermittent Failures Trigger Delayed Transactions Across Nigerian Fintech…
Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank…
Nigerian Stock Market Rally Continues as Equities Gain N1.52 Trillion Amid Strong…
The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of…
IMF Warns Unrealistic Budgets Are Driving Wider Fiscal Deficits in Sub-Saharan…
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the…
FGN Bond Auction May 2026: DMO Announces N600 Billion Issuance to Finance…
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled…
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…
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…
Egypt Overtakes Nigeria on FT Fast-Growing Firms Ranking as Naira Crisis Hits…
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies,…
Nigerian Breweries, Guinness, Others Defy Economic Hardship as Revenue Jumps to…
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing…
NNPC and NUPRC Remit N322bn, $116.9m Under Executive Order 9 as Nigeria Boosts Oil…
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum…
Nigeria’s Banking Sector Set for N10.53 Trillion Liquidity Surge as Investor…
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026,…
Dollar Cycles and Middle East Tensions Put African Industries at Risk –…
African manufacturers are raising concerns that recent currency stability across parts of the continent may be…