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Finance
Naira Weakens to N1,383.5/$ as External Reserves Fall to $49.6 Billion
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$…
Low-Priced Tech Stocks Drive NGX Gains in 2026 Amid Investor Shift
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026,…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension…
The federal government has officially inaugurated the new governing board of the National Pension Commission…
European Stocks Struggle Amid Iran Conflict Uncertainty – Market Volatility…
European stocks struggled to find clear direction on Tuesday as uncertainty surrounding the Iran conflict weighed…
Nigeria’s Eurobonds Rebound as Yields Ease to 7.18% Amid Global Market Tensions
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields…
FX Trades Push FMDQ Turnover to N60.77tn in January 2026
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened…
Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on…
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited…
NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central…
US Dollar Falls as Global Central Banks Signal Interest Rate Hikes Amid Rising…
The US dollar retreated from multi-month highs this week as investors reacted to rising energy prices and shifting…
Eight Stocks Dominate Nigerian Stock Market, Driving 61% of N127 Trillion…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its…
Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year,…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of…
CBN Raises N3 Trillion in Two Weeks Through Treasury Bills Amid Fiscal Pressures
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on March…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal…
SEC Shuts Down 400 Fraudulent Investment Schemes in Nigeria, Intensifies Investor…
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock…
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of…
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official…
Nigeria’s Economic Reforms Boost Capital Growth, Says NGX CEO
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and…
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note,…
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot…
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod)…
Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92%…
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising…
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of…
NTB Subscription Falls to N6.13 Trillion Amid Low Yields and Policy Adjustments
The Nigerian Treasury Bills (NTB) market has witnessed a significant decline in investor subscription, dropping to…