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Finance
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry,…
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of…
Nigeria Needs $759bn Transport Investment as ICRC Pushes PPP Financing Models
Nigeria’s transport sector will require an estimated $759 billion in investment, according to the Director-General…
Nigeria Not Seeking IMF Loan — Wale Edun Dismisses Borrowing Speculation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31,…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail…
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond…
Nigeria Pension Assets Hit Record Growth of N1.39 Trillion in February
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach…
Naira Settlement Policy Transforms Nigeria’s Diaspora Remittance System
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora…
Asia-Pacific Markets Trade Mixed Amid U.S.-Iran Tensions and Strait of Hormuz…
Asia-Pacific markets traded mixed on Tuesday as investors navigated growing geopolitical uncertainty surrounding…
NGX Weekly Turnover Falls to 2.856 Billion Shares Amid Shortened Trading Week
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to…
Africa Prudential Strengthens Performance and Accelerates Digital Growth in 2025
Africa Prudential Plc has reaffirmed its financial resilience and growth momentum, sustaining strong returns while…
Nigerian States Return to Borrowing Despite FAAC Windfall: Debt Hits N4 Trillion
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation…
NGX Empowers Students with Investor Protection Education During Global Money Week
The Nigerian Exchange Limited (NGX) has taken a major step toward safeguarding the financial future of young…
Nigerian Stock Market Hits Record N29.8 Trillion Gain in Q1 2026
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering…
Nigerian Stock Market Rebounds: ASI Gains 0.40% Amid Strong Consumer Stock Demand
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose…
Africa Loses $88 Billion Annually to Illicit Financial Flows – Edun Highlights…
Africa loses an estimated $88 billion each year to illicit financial flows (IFFs), Finance Minister and…
NGX Records Historic N30trn Q1 Gain as Nigerian Stocks Surge to Record Highs
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording…
Nigerian Stock Market Dips by N275 Billion as Investors Take Profits
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa…
Senegal Secures $537M Bond at 6.4%, Outpacing Nigeria’s Borrowing Costs
Senegal has successfully raised 304.15 billion CFA francs ($537.6 million) in its first public bond sale of 2026,…