Browsing Category
Finance
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,…
Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series…
Nigeria’s Foreign Reserves Fall $547 Million in Two Weeks Amid Market Pressures
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026,…
Low-Priced Tech Stocks Drive NGX Gains in 2026 Amid Investor Shift
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026,…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension…
The federal government has officially inaugurated the new governing board of the National Pension Commission…
Nigeria’s Eurobonds Rebound as Yields Ease to 7.18% Amid Global Market Tensions
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields…
Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on…
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited…
NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock…
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of…
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note,…
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot…
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod)…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92%…
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising…
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of…
SEC Calls for Stronger Women Participation in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has called for stronger participation of women in Nigeria’s capital…
Oil Stocks Surge 9.43% as Naira Trades at Discount in Parallel Market
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81…
Nigerian Stock Market Valuation Hits N126 Trillion as Investors Trade N177 Billion…
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to…
NTB Auction Sees N2.34 Trillion Demand as Investors Eye Higher Yields
Investors poured N2.34 trillion in bids at the latest Nigerian Treasury Bills (NTB) auction, more than double the…
U.S. Dollar Surges Amid Middle East Tensions: Poised for Biggest Weekly Gain in a…
The U.S. dollar held steady in early Asian trading on Friday, buoyed by escalating tensions in the Middle East that…
CBN Treasury Bill Auction Sees N2.34 Trillion in Bids, One-Year Bill Leads…
The Central Bank of Nigeria (CBN) recorded strong investor interest at its Treasury Bill Primary Market Auction…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at…
VAT Hits Record N1tn as New Sharing Formula Boosts States’ Revenue in 2026
Nigeria’s Value Added Tax (VAT) revenue surged to a record N1.08 trillion in January 2026, marking the first full…
Crude-Backed Loans Tie Up N8.36tn of Nigeria’s 2025 Oil Revenue
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed…
Capsa Technology Named Top-8 Finalist in Afreximbank AfCFTA Accelerator Programme
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank…
Temi Popoola Urges Collaborative Efforts to Boost Sustainable Capital in Emerging…
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized…