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Finance
Nigeria’s FX Reserves Fall by $263 Million After 25 Weeks of Gains
Nigeria’s foreign exchange (FX) reserves have dipped by $263.151 million, ending a remarkable 25-week accumulation…
Nigeria’s Fiscal Indiscipline Threatens 2026 Budget, Experts Warn
Nigeria’s public finances are facing mounting pressure as fiscal indiscipline and governance gaps continue to…
CBN Mandates Multi-Factor Authentication for Foreign Card Transactions Across…
The Central Bank of Nigeria (CBN) has ordered banks and non-bank acquirers to strengthen security on foreign-issued…
European Markets Slip Ahead of Short Trading Week as Gold Hits Record Highs
European stocks fell modestly on Monday, as positive momentum from last week’s gains slowed ahead of a short…
SEC Mandates CMO Registration Renewal and Launches Digital Transformation Portal
The Securities and Exchange Commission (SEC) has instructed all Capital Market Operators (CMOs) to renew their…
CBN Eases Foreign Card Usage for Tourists and Returning Nigerians
The Central Bank of Nigeria (CBN) has issued a new directive to banks and financial institutions aimed at improving…
FCMB Group Gets Shareholders’ Approval to Raise N400bn Ahead of 2026 CBN…
Shareholders of FCMB Group Plc have approved a major capital raise of up to N400 billion, positioning the bank to…
CIS Urges Nigerian Students to Embrace Capital Market Certification Amid Digital…
The Chartered Institute of Stockbrokers (CIS) has called on Nigerian students to equip themselves for emerging…
NDIC and NIBSS Sign MoU to Boost Depositor Payouts in Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) are set…
Nigeria Customs Warns Banks Over Late Remittance of Duties: Penalties Imposed for…
The Nigeria Customs Service (NCS) has issued a stern warning to designated banks that fail to remit collected…
Non-Interest Banking in Ghana Open to All, Says Bank of Ghana
The Bank of Ghana (BoG) has emphasized that non-interest banking in the country is accessible to everyone and is…
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply,…
CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and…
Nigeria’s ₦30 Trillion Revenue Shortfall Sparks Concerns Over 2026 Budget
Nigeria’s federal government is under fresh scrutiny after revealing a ₦30 trillion shortfall in its 2025 revenue,…
Global Currencies on Edge Ahead of Central Bank Decisions and U.S. Data
Global currencies were largely rangebound on Monday as investors prepared for a critical week of central bank…
99% of Nigerian Stock Market Investors Exempt from Capital Gains Tax, Says FG
The Federal Government has assured Nigerian investors that the vast majority of participants in the stock market…
European Markets Rise Ahead of Busy Central Bank Week
European markets started the week on a positive note as investors prepared for a series of key central bank…
Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says…
The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under…
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension…
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$,…
Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision
Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor…
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at…