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Finance
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Foreign Holdings of U.S. Treasuries Hit Record $9 Trillion in March Amid Rising…
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the…
U.S. Credit Downgrade Triggers Market Turmoil: Treasury Yields Rise, Dollar and…
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns…
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in…
Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting…
Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing…
Treasury Yields Dip as Investors Weigh Mild Inflation and Easing Trade Tensions
U.S. Treasury yields edged slightly lower on Wednesday as investors processed new economic data and trade…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth –…
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential…
Asian Markets Lose Steam as Trade War Truce Fails to Inspire Confidence
Asian stocks faltered and the U.S. dollar weakened on Tuesday, despite initial optimism around a 90-day pause in…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better…
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years,…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger…
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight…
FG Charts Path to 7% Economic Growth: EMT Strategizes Inclusive Reforms for…
The Federal Government has tasked the Economic Management Team (EMT) with designing a strategic roadmap aimed at…
Nigeria Joins Asian Infrastructure Investment Bank to Boost Growth,…
Nigeria has officially become a full member of the Asian Infrastructure Investment Bank (AIIB), following the…
Bybit Enters Traditional Markets with U.S. Stocks and Commodities in Bold…
Bybit, a prominent crypto exchange, is diversifying its offerings by adding U.S. stocks and commodities like gold…
Markets Rebound as Hopes Rise for U.S.-China Trade Talks Amid Global Economic…
Global stock markets rebounded strongly on Friday following signs that the United States and China may return to…
Investors Shift to Emerging Market Debt as U.S. Treasurys Lose Safe Haven Status…
Following U.S. President Donald Trump's announcement of tariffs in early April 2025, there has been a significant…
FCMB Group Posts ₦7.1 Trillion in Assets, Declares Dividend at 12th AGM Amid…
At the recently held 12th Annual General Meeting of FCMB Group Plc in Lagos, shareholders endorsed the company’s…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection…
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of…
Bullish Run on NGX: International Breweries, Cadbury Spark N228bn Market Surge
The Nigerian Exchange (NGX) sustained its bullish trend on Monday, led by notable gains in blue-chip stocks such…
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid…
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills…
World Bank names Dangote member private sector investment Lab
The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling…
Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest…
In the face of Nigeria's turbulent economic climate marked by inflation, currency devaluation, and regulatory…
Bank of Ghana Urges Enhanced Security Measures Amid Rising Fraud Cases
The Bank of Ghana has called for a heightened focus on fraud prevention within the country's banking sector,…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising…
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in…