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 markets such…
Category: Finance
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 profits from…
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 (FGN) bonds after investors…
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 purchasing shares…
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 from the…
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 rally, with analysts…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes Centre Stage
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three years, choosing…
Pound Holds at N1,837 as Naira Stability Faces Global Currency Pressure
The British pound held around N1,837 against the naira as the Nigerian currency maintained its relative stability despite growing pressure…
DMO Raises N5.86 Billion From August Savings Bond Auction as Investor Demand Shifts
The Debt Management Office (DMO) has raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in its…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure pushed the market lower,…
SEC orders freeze of assets linked to six alleged terrorist financiers, three BDCs
The Securities and Exchange Commission (SEC) has ordered capital market operators across Nigeria to immediately freeze funds, assets and other…
DMO to Auction N425bn FGN Bonds as Investors Eye August 17 Offer
The Debt Management Office (DMO) is set to offer N425 billion worth of Federal Government of Nigeria (FGN) bonds to…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…
NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows
Foreign exchange activity on Nigeria’s official market took a sharp hit on August 11, with Nigerian Foreign Exchange Market (NFEM)…
CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand
The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59%, surprising investors…
T-Bill Yields Slide as Investors Chase N700bn CBN Auction
T-bill yields edged lower on Monday as investors stepped up demand for short-term government securities ahead of the Central Bank…
Bank of America launches $250 billion initiative for US tech, energy infrastructure
Bank of America is putting serious money behind America’s next phase of growth, announcing plans to deploy $250 billion to…
Nigeria Pushes for Local Ownership as Fintech Giants Eye Foreign Listings
Nigeria is looking to give local investors a bigger slice of the country’s booming fintech industry as major players such…
Recapitalisation Row: FG Orders NAICOM to Suspend Disputed Insurance Fees
The Federal Government has stepped into a growing dispute between the National Insurance Commission (NAICOM) and two state-owned insurance companies…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn attention…
African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became increasingly cautious…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US dollar as…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for businesses and…
Africa’s Capital Markets Rally as Investors Bet on the Continent’s Growth Story
Africa’s financial markets are showing fresh signs of momentum as investors increasingly back the continent’s growth prospects, even as major…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing loans (NPLs) ratio…
Nigeria Tightens Crypto Regulations as Government Unveils New Tax Rules for Virtual Assets
The Nigerian government has introduced new taxation guidelines for cryptocurrencies and other virtual assets, marking a major step toward regulating…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to deliver measurable…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for Non-Compliance
The Federal Government has taken a major step toward regulating Nigeria’s fast-growing cryptocurrency industry with the introduction of new tax…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria’s ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing confidence that the Central Bank…