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 (T-Bills) and Open…
Category: Finance
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 solutions…
Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest Income
In the face of Nigeria’s turbulent economic climate marked by inflation, currency devaluation, and regulatory shifts, leading banks are successfully…
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, urging institutions…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising Debt Concerns
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in the wake of the…
Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic Challenges
Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of poverty,…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing economic risk currently…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board (FOB) value levy on…
Philipp Müller Appointed CEO of Blue Earth Capital to Lead Next Growth Phase in Impact Investing
Blue Earth Capital, a prominent impact investor managing over $1.5 billion in assets, has announced the appointment of Philipp Müller…
CBEX promoters won’t escape justice – SEC
The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge Exchange (CBEX), a…
Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB Meeting
European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX 600 index fell 0.4%,…
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the federal, state, and local governments,…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1…
GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth
The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC), has unveiled a comprehensive Digital…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per…
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London.…
Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion.…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…
Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount
President Donald Trump’s aggressive tariff strategy has sent shockwaves through global financial markets, with U.S. stocks bracing for more volatility.…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5 Commercial Paper Issuance
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025, which…
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 ongoing U.S. tariffs…