NGX Sell-Off Wipes Out N5.9tn as BUA Foods, MTN Nigeria Take Biggest Hit
The Nigerian equities market has suffered a sharp two-week sell-off, wiping approximately N5.9 trillion off its market capitalisation as investors…
Category: Finance
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…
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…
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…
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…
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…
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…
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…
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…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
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…
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…
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…
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…
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…
Nigeria’s $1.5bn Abu Dhabi Drawdown to Cut Borrowing Costs, Says Oyedele
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is…
DMO unveils N4 trillion FGN Bond auction plan for Q3 2026
Nigeria’s Debt Management Office (DMO) has announced an ambitious Federal Government of Nigeria (FGN) Bond issuance plan worth approximately N4…
Global Tech Sell-Off Deepens as Nasdaq Futures Slide on Rising AI Infrastructure Costs
Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global market sell-off fueled…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth
Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow…
Nigeria, Rwanda Strengthen Capital Markets Ties with New Regulatory Partnership
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum…
Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation Phase
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s Banking Shake-Up
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but…
IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on…
CBN Proposes Stricter Banking Rules with New Ring-Fencing Guidelines for Financial Groups
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
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 investment banking services…