Real Time Financial News Website
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…
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…
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…
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)…
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…
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…
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…
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and signaling growing strength in the country’s external financial position. Data…
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services in Ethiopia. The license, issued on June 5, 2026, by…
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1 settlement cycle, becoming the first capital market in Africa to…
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a move aimed at expanding access to banking services and accelerating…
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the wait time for investors to receive cash or shares after…
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully structured expansion strategy aimed at boosting long-term shareholder value. The move comes shortly after…
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support economic reforms, job creation, and business competitiveness in Nigeria. According…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold transition into a pan-African financial services group. The milestone, according…
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market value, reflecting growing investor caution and widespread sell-offs. The drop…
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to N287.75 billion. A total of 4.84 billion shares were exchanged…
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as external reserves dipped to $48.48 billion. Data from the Central…
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds, offering investors an opportunity to subscribe at N1,000 per unit.…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when needed, warning that delays could worsen economic instability and deepen…
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed at making collaborative investing easier for families, business partners, and…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch Ratings. The agency said the outlook reflects ongoing external pressures…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by regulators approaches. The reform is reshaping how insurers operate, forcing…
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country from “Unclassified” to “Frontier Market” status. The move quickly reignited…
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian Exchange (NGX) and the country’s capital market. The announcement marks…
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora remittances are received across the country. Starting May 1, all international money…
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to four days ahead of the Easter public holidays. With the federal…