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.…
Category: Finance
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…
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 inflows into…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and Payment Infrastructure
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 enactment of the Investment…
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 Years
Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like…
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 driven by strong autonomous…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic Uncertainty
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump’s tariff policy. The 10-year…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost Nigeria’s Financial Market
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key stakeholders in Nigeria’s financial…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits Record High
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged to…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to Address Security Challenges
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the organizers of the Banking, Financial Services,…
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 market. The…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal Pressures
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion), representing 23.14% of the nation’s…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate Earnings and Federal Reforms
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 Community…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened Monetary Policy
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of Nigeria…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in Nigeria
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development sectors emphasized the importance of…
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 supply. The Central Bank…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian Government
Increased liquidity in Nigeria’s financial markets has led to a decline in the yields on one-year Treasury bills (T-Bills), easing…
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, driven by…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US…