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Finance
CBN Dollar Intervention: Naira Settles at N1,447 as Central Bank Injects $537…
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal…
Naira Slips to N1,446/$1 in November Despite CBN’s Tightening Measures
The Nigerian naira ended November on a slightly weaker note, continuing a trend of volatility in the foreign…
Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and…
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net…
CBN, First Bank, BUA Among Top Abuja Land Defaulters: FCTA Revokes Over 1,000…
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners,…
How CBN’s FX Reforms Spark $2.25 Billion Eurobond Surge for Nigeria
Nigeria has made a bold return to global capital markets with a $2.25 billion dual-tranche Eurobond issuance that…
Nigeria’s Public Debt Hits N152.39 Trillion in Q2 2025, NBS Reports
Nigeria’s public debt stock rose to N152.39 trillion in the second quarter of 2025, marking a 2.01% increase from…
Nigeria Moves to T+2 Settlement Cycle, Eyes T+1 Transition to Boost Market…
Nigeria’s capital market has taken a historic step forward by officially transitioning to a T+2 settlement cycle,…
Ghana T-Bill Auction Rebounds After Six Weeks, Oversubscription Hits 111%
After six weeks of muted activity, Ghana’s treasury bill market has staged a strong comeback, signaling renewed…
FG Cracks Down on Terror Financing: Nigerian Banks and Firms Face Prosecution
The Federal Government of Nigeria has pledged to take stringent action against banks, financial institutions, and…
Nigeria’s Company Income Tax Surges 40% to N2.78 Trillion in Q2 2025
Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78…
CBN Orders Banks to Withdraw Misleading Ads to Protect Consumers
The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other…
Nigerian Stock Market Gains N111bn as Investor Optimism Returns
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled…
CSCS Implements T+2 Settlement Cycle, Boosting Efficiency in Nigeria’s Capital…
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s…
Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns
Africa must increasingly rely on private capital and regional investment as global development aid continues to…
First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market…
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion…
Nigeria’s VAT Revenue Hits N2.06 Trillion in Q2 2025, Driven by Manufacturing and…
Nigeria’s Value Added Tax (VAT) revenue remained largely stable at N2.06 trillion in the second quarter of 2025,…
European Markets Open Mixed as Investors Weigh Global Economic Outlook
European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both…
Africa’s $100 Billion SME Credit Gap Spurs Banks and Fintechs into Strategic…
Africa faces an estimated $100 billion shortfall in credit for small and medium enterprises (SMEs), prompting…
NGX Rebounds After Six-Day Slump, Adds N94.47bn in Market Value
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that…
SEC Urges Stronger Compliance Culture After Nigeria’s FATF Grey List Exit
Nigeria’s recent removal from the Financial Action Task Force (FATF) Grey List has prompted the Securities and…
Fitch Predicts Bank of Ghana Policy Rate Could Drop to 16.5% by 2026 Amid Stable…
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the end…
Naira Strengthens Ahead of 303rd CBN MPC Meeting, Hits N1,452/$1
The Nigerian Naira recorded modest gains across the foreign exchange market on Monday, trading at N1,452/$1, up…
Lagos State Issues Record N244.82 Billion Bond to Boost Infrastructure and Green…
Lagos State has made history with its latest bond issuance, raising N244.82 billion to fund major infrastructure…
AFC and NGX Boost Nigeria’s Capital Market Capacity to Fund Infrastructure…
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, and Nigerian Exchange Limited…
Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market…
The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread…
IMF Warns Rising Domestic Borrowing Increases Banks’ Debt Risks in Africa
The International Monetary Fund (IMF) has raised concerns that the surge in domestic borrowing across African…
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital…
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the…
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…