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Finance
Markets Wobble as Mideast Tensions Rise and Fed Decision Looms
Global markets remained on edge Wednesday as escalating conflict between Israel and Iran entered its sixth day,…
Stocks Slip, Oil Surges as Middle East Conflict and Global Policy Moves Rattle…
Tensions in the Middle East escalated sharply as fighting between Israel and Iran entered its fifth day, leading…
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark…
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial…
Investors Ditch Long-Term US Bonds Amid Diminished Hopes for Aggressive Fed Cuts
Investors are turning away from long-term U.S. Treasury bonds as expectations for significant Federal Reserve…
Wall Street Wavers as U.S.-China Trade Talks Hang in Balance
Wall Street futures were largely flat on Tuesday as investors kept a close watch on the ongoing U.S.-China trade…
Treasury Yields Dip as U.S.-China Trade Talks Resume Amid Market Caution
U.S. Treasury yields fell on Tuesday as investors closely monitored the ongoing trade negotiations between the…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight…
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity…
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50%…
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3…
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization…
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in…
AfDB Forecasts 6% Naira Depreciation by 2026 Amid Global Market Volatility
The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental…
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa…
Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy…
CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector
The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored…
Local Investors Dominate N2.7 Trillion Stock Deals in First Four Months of 2025
In the first four months of 2025, stock transactions on the Nigerian Exchange (NGX) totaled N2.714 trillion, a…
Trump Postpones EU Tariffs, Markets Rally as Trade Talks Resume
U.S. President Donald Trump has delayed the imposition of threatened 50% tariffs on European Union imports until…
NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance
The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3…
CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains
In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion,…
Lagos government sanctions 21 money lending firms for violations
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines.…
Naira Strengthens Amid FX Reforms as CBN Marks Monetary Policy Milestone
The naira showed modest gains in both the official and parallel foreign exchange markets on Tuesday, appreciating…
UK Inflation Surges to 3.5% in April, Disrupting Interest Rate Cut Expectations
UK inflation surged unexpectedly in April, rising to 3.5% from 2.6% in March, the largest monthly jump since 2022.…
Google Unveils Bold AI Vision with Smart Glasses, AI Mode, and Premium Plans at…
At its annual I/O conference in Mountain View, California, Google introduced major advancements in artificial…
UK-EU Post-Brexit Reset Shakes Markets: Gilt Yields Surge, Sterling Rallies
The United Kingdom and the European Union have reached a landmark agreement to reset their post-Brexit…
Nigerian Stocks Edge Up as MPC Maintains Policy Rates
Nigeria’s equities market posted a slight gain of 0.03% on Tuesday, equivalent to a N20 billion increase in market…
MTN Sues 20 Banks to Recover N6bn Interconnect Debt from SleekChip Technologies
MTN Nigeria has taken legal action against over 20 banks in an attempt to recover a debt of approximately N6…
U.S. Treasury Yields Decline After Fed Signals Limited Rate Cut in 2025
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it…