Real Time Financial News Website
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings Bond, offering investors an opportunity to earn returns of up…
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May 2026. Riding on this impressive growth, the National Pension Commission…
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with plans to raise N2 trillion through multiple auctions scheduled for…
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set to step down as Chairman of United Bank for Africa…
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares worth N154.39 billion, representing a 14.8 percent increase compared to…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their inability to meet key regulatory and operational requirements. The decision,…
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment and delivery obligations involving troubled banks and financial institutions to a maximum…
Nigeria’s stock market ended June on a positive note as renewed investor interest in Airtel Africa and other blue-chip stocks helped the Nigerian Exchange (NGX) recover from recent losses. The…
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is a strategic move designed to lower borrowing costs and improve…
Nigeria’s Debt Management Office (DMO) has announced an ambitious Federal Government of Nigeria (FGN) Bond issuance plan worth approximately N4 trillion for the third quarter of 2026, signaling continued efforts…
Nigeria’s equities market endured another painful trading session on Monday as investors lost an estimated N2.35 trillion following a broad-based selloff that sent the Nigerian Exchange (NGX) All-Share Index tumbling…
Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global market sell-off fueled by concerns over the soaring costs of artificial intelligence infrastructure.…
Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow of credit to businesses is shrinking. Twelve listed banks increased…
The Federal Government recorded a strong outing at its June 2026 bond auction, attracting a massive N1.41 trillion in investor subscriptions despite offering N1.2 trillion worth of bonds. The latest…
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum of Understanding (MoU) between Nigeria’s Securities and Exchange Commission (SEC)…
The Nigerian equities market came under intense pressure last week as investors collectively lost about N5.64 trillion on the Nigerian Exchange Limited (Nigerian Exchange Limited), following a wave of sustained…
Finance experts have called on the Central Bank of Nigeria (CBN) to introduce mandatory annual financial reporting for deposit-taking fintech companies and microfinance banks (MFBs), arguing that stronger disclosure rules…
The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in the United Kingdom’s political and economic landscape weighed heavily on the sterling. The…
Nigeria is increasingly rethinking its external borrowing strategy, even as it continues to enjoy strong appetite from global investors in the Eurobond market. Over the past two years, the country…
The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025, providing much-needed clarity for taxpayers, tax authorities, and other stakeholders navigating the transition from…
Nigeria’s foreign exchange reserves have crossed a major psychological milestone, rising above $50 billion after gaining more than $1.01 billion in just two weeks. The latest figures from the Central…
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally taken a breather. The Nigerian Exchange (NGX) is currently experiencing…
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but a recent white paper by Chapel Hill Denham suggests the…
United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake in the Nigerian Exchange Group Plc (NGX Group), marking a…
Nigeria’s leading banking groups may soon be compelled to raise about ₦370 billion in fresh capital following proposed new rules from the Central Bank of Nigeria (CBN) aimed at tightening…
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on fuel products and telecommunications services as part of efforts to…
Nigeria’s banking sector, once celebrated as one of Africa’s strongest profit engines, is entering a new phase marked by slowing growth and increasing pressure on earnings. After enjoying two years…
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions operating within corporate groups. The move is designed to strengthen…
The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, highlighting growing investor confidence in government-backed investment products. The latest offer, managed by the…
United Capital Plc has taken a bold step in its continental expansion strategy after securing investment banking licences in Ethiopia and Rwanda, strengthening its position as one of Africa’s leading…