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Finance
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than…
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in…
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total…
West Africa Leads Africa’s Digital Tax Revolution as Nigeria, Ghana, Benin Drive…
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax…
United Capital Expands into East Africa with Investment Banking Licences in…
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment…
United Capital Secures Landmark Investment Banking License in Ethiopia
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
IMF Warns Against Costly Subsidies as Food Inflation Rises Globally
The International Monetary Fund (IMF) has issued a strong warning to governments worldwide, advising them to avoid…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement…
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially…
12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of…
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments…
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028,…
Nigeria External Reserves Hit $49.26bn as Naira Gains Stability Near $50bn…
Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the…
CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance…
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale…
South Korea Stocks Surge to Record High as Asia Markets React to Trump’s Iran Deal…
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38,…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash…
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting…
VFD Group Eyes Pan-African Expansion After ₦50.67bn Rights Issue Boost
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully…
Foreign Investors, Banks Target Nigerian Insurance Firms as Recapitalisation…
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and…
European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil…
European stock markets opened Friday on a positive note, with major indices posting gains despite growing…
European Stocks Swing on Iran Nuclear Tensions as Geopolitical Fears Shake Markets
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh…
SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market…
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden…
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians…
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of…
CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary,…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage…
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347…
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian…
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,…