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Finance
Nigeria’s Financial Sector Growth Slows to 9.29% Despite N5.3trn Recapitalisation
Nigeria’s financial sector is yet to fully feel the impact of more than N5.3 trillion in fresh capital, as…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a N700bn…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions,…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to…
FX Turnover Surges 146% to $5.05bn as Nigeria’s Forex Market Sees Stronger…
Nigeria’s foreign exchange market recorded a major jump in activity as total FX turnover surged by 146.12 per cent…
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…
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…
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…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes…
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure…
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…
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…
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…
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…
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…
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…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria's ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62…
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks…
Nigeria's pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market…
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…
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…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto…
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in…
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…
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is…
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…
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…
Global Tech Sell-Off Deepens as Nasdaq Futures Slide on Rising AI Infrastructure…
Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record…
Nigeria's banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than…
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…