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Finance
Nigerian Banks Gain 68% but Still Trade at Discount to African Peers
Nigerian banking stocks have delivered a strong run in 2026, with the NGX Banking Index rising 67.96% year-to-date…
Naira Holds Near ₦1,329/$ for Four Straight Sessions as FX Market Stability…
The naira has maintained a remarkably narrow trading range against the US dollar, closing around ₦1,329/$ for four…
Nigerian Stocks Gain N160 Billion as Nestlé, 19 Others Lift Market Capitalisation
The Nigerian equities market started the week on a positive note, with market capitalisation rising by N160 billion…
DMO Opens N1tn FGN Bond Offer as Minimum Investment Hits N50m
The Federal Government has opened another major investment window as the Debt Management Office (DMO) begins…
CBN: Nigerian Banks Shut 476 Branches in Three Years as Digital Banking Gains…
Nigeria’s banking landscape is changing rapidly, with banks shutting 476 branches and cash centres between 2022 and…
NTB Demand Hits N2.64trn as Investors Race for Nigerian Government Bills
Investor appetite for Nigerian Treasury Bills (NTBs) has surged, with total bids reaching N2.64 trillion at the…
MFB Credit Filings Surge 38.4% to 22,977 as Small-Business Lending Expands
Microfinance banks (MFBs) recorded a sharp rise in credit activity in the first quarter of 2026, with…
Nigeria’s Financial Sector Growth Slows to 9.29% Despite N5.3trn Recapitalisation
Nigeria’s financial sector is yet to fully feel the impact of more than N5.3 trillion in fresh capital, as…
Currency Outside Banks Falls to N4.8tn in July, Lowest in Eight Months
Currency outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level in eight months, as cash held…
SEC Proposes N3bn Minimum Capital for Forex Brokers, N5bn for Trading Platforms
The Securities and Exchange Commission (SEC) has proposed sweeping new rules for Nigeria’s online forex and…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for…
Hedge Funds Flood CBN OMO Bills as Effective Yields Top 21%
Hedge funds and other yield-hungry investors are piling into Central Bank of Nigeria (CBN) Open Market Operations…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a N700bn…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing…
Pension Inflows Rise 42% to N147m, But 200,505 Accounts Remain Dormant
Pension inflows in Nigeria recorded a strong increase in the first quarter of 2026, with quarterly contributions…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions,…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to…
22% of NGX equity transaction volume executed via mobile trading platform
Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22…
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell…
Fixed-Income Trades Surge To N10.5trn As Investors Chase Higher Yields
Nigeria’s fixed-income market recorded a sharp increase in trading activity last week, with transactions climbing…
CBN Offers N700bn Treasury Bills as Investors Watch Interest Rates
The Central Bank of Nigeria (CBN) is set to offer N700 billion in Treasury Bills today, August 26, 2026, in the…
FX Turnover Surges 146% to $5.05bn as Nigeria’s Forex Market Sees Stronger…
Nigeria’s foreign exchange market recorded a major jump in activity as total FX turnover surged by 146.12 per cent…
SEC Proposes N10m Cap on Retail Investors’ Digital Asset Exposure
Nigeria’s Securities and Exchange Commission (SEC) is considering tighter limits on how much retail investors can…
NGX Sell-Off Wipes Out N5.9tn as BUA Foods, MTN Nigeria Take Biggest Hit
The Nigerian equities market has suffered a sharp two-week sell-off, wiping approximately N5.9 trillion off its…
US Bond Yields Hit 20-Year High, Putting Naira and Nigerian Stocks Under Pressure
US bond yields have climbed to their highest level in nearly two decades, raising fresh concerns for emerging…
NGX Loses N544.5bn as First HoldCo, Fidelity Bank Drive Six-Day Market Slide
Nigeria’s equities market extended its losing streak on Tuesday, August 18, 2026, as investors continued to lock in…
DMO Allots N1.56 Trillion in FGN Bonds as Investor Demand Reaches N1.73 Trillion
Nigeria’s Debt Management Office (DMO) has allotted a combined N1.56 trillion in Federal Government of Nigeria…
Otedola Boosts First HoldCo Stake With Fresh N20.7bn Share Purchase
Femi Otedola, Chairman of First HoldCo Plc, has further increased his stake in the financial services group after…
Nigeria’s Net FX Flow Drops 29% to $4.94 Billion in March 2026
Nigeria’s net foreign exchange (FX) flow fell sharply to $4.94 billion in March 2026, representing a 29% decline…
Nigerian Stocks Enter Healthy Correction as Investors Hunt for Bargains
Nigerian stocks are undergoing a period of market correction as investors take profits after a strong year-to-date…