Browsing Category
Finance
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting…
Naira Settlement Policy Transforms Nigeria’s Diaspora Remittance System
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora…
NGX Weekly Turnover Falls to 2.856 Billion Shares Amid Shortened Trading Week
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to…
Nigerian States Return to Borrowing Despite FAAC Windfall: Debt Hits N4 Trillion
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation…
Nigerian Stock Market Hits Record N29.8 Trillion Gain in Q1 2026
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering…
Nigerian Stock Market Rebounds: ASI Gains 0.40% Amid Strong Consumer Stock Demand
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose…
NGX Records Historic N30trn Q1 Gain as Nigerian Stocks Surge to Record Highs
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording…
Nigerian Stock Market Dips by N275 Billion as Investors Take Profits
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa…
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)…