Afreximbank’s Record Bond Issuance Raises $1.5bn
Afreximbank has made history by raising a record $1.5 billion through its largest-ever Eurobond issuance, highlighting growing international confidence in…
Category: Finance
SEC Launches Full E-Registration Platform to Transform Nigeria’s Capital Market
Nigeria’s Securities and Exchange Commission (SEC) has taken a major step toward modernising the country’s capital market with the rollout…
African Businesses Embrace Stablecoins Amid Currency Volatility
Across Africa, businesses are embracing stablecoins as a practical solution to one of the continent’s biggest financial challenges—currency volatility and…
CBN Cuts One-Year Treasury Bill Yield as Investor Demand Soars Nearly Sevenfold
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill to 17.35%, following overwhelming…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks Retirement Savings
Nigeria’s pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market wiped approximately…
Nigeria’s Net Foreign Liabilities Rise to $90.2bn
Nigeria’s net foreign liabilities climbed sharply to $90.2 billion in 2025, reflecting the country’s growing dependence on foreign capital despite…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria’s corporate bond market maintained its strong momentum in June 2026, with the total outstanding value of corporate bonds on…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as Governor of the…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing the…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time market leader Zenith Bank…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience Across Africa
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in the continent’s insurance and reinsurance…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle verified legacy debts…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to Investors
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal Government of Nigeria (FGN) bond…
Treasury Bills Outperform Inflation as Nigeria’s Fixed-Income Market Delivers Positive Real Returns
Nigeria’s fixed-income market is experiencing a significant turnaround as Treasury bills and Federal Government of Nigeria (FGN) bonds are once…
Nigeria FX Spot Transactions Push Weekly Forex Turnover Up 46% to $2.39 Billion
Nigeria’s foreign exchange market staged a strong comeback in the week ended July 17, 2026, as soaring FX spot transactions…
SEC Pushes for Near-Zero Trade Failures as Nigeria’s T+1 Settlement Reform Gains Momentum
Nigeria’s capital market is entering a new era of speed and efficiency as the Securities and Exchange Commission (SEC) intensifies…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap Warns
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital (RenCap) has warned that the Central…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto Regulation in Nigeria
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a major step toward creating…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in Real Time
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known as the FX BDC Purchase…
Top Shariah-Compliant Mutual Funds in Nigeria Spark 74% Asset Surge in H1 2026
Ethical investing is no longer just a niche moral choice in Nigeria—it is officially a highly lucrative wealth strategy. Fresh…
DMO Opens N1.2 Trillion Bond Auction as Federal Government Seeks Investor Subscriptions
The Debt Management Office (DMO) has announced the opening of subscriptions for a N1.2 trillion federal government bond auction, providing…
Nigeria and Hong Kong Sign Historic Double Taxation Agreement to Protect Investors
In a major win for international business, Nigeria and Hong Kong have officially joined forces to eliminate the financial headache…
IMF July economic outlook: Oil lifts Nigeria, AI lifts the World’s winners
The latest IMF July economic outlook paints a picture of resilient growth, projecting a steady 4.1% expansion for Nigeria in…
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings…
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury Bill Sale in July
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with…
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead Next Growth Phase
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set…
NGX Records N154bn Share Turnover as Trading Activity Surges 15% Despite Market Decline
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
CBN Caps Suspension of Payment Obligations for Troubled Banks at Two Business Days
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment and delivery…