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Finance
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and…
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three…
Nigeria's Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa…
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic…
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump's tariff…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits…
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to…
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the…
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion),…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate…
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened…
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in…
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria's economic outlook is growing increasingly uncertain as the country experiences its first decline in money…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian…
Increased liquidity in Nigeria's financial markets has led to a decline in the yields on one-year Treasury bills…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025,…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at…
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely…
U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market…
The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off…
CBN Governor Cardoso Reaffirms Commitment to FX Stability and Inflation Control
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the institution's dedication to stabilizing…
Nigeria’s Inflation Eases, FirstHoldCo Shines, and Cocoa Prices Surge to…
Nigeria's inflation rate has eased to 23.18%, signaling a potential relief for households and businesses as the…
Ghana’s Finance Minister Assures Capital Market Reopening and Debt Repayment…
Finance Minister, Dr. Cassiel Ato Forson, emphasized the importance of reopening Ghana's capital markets,…
Nigeria’s Debt Servicing Hits Four-Year High Amid Rising Borrowing and…
Nigeria's debt repayment reached a four-year high of $4.65 billion in 2024, marking a 32.9% increase from the…
U.S. Treasury Yields Rise as Hopes of Trade War Easing Boost Investor Confidence
U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump's stance on trade…
Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index…