Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns
Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined.…
Category: Finance
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s capital market by cracking down…
China’s Equity Market Sees Strong Revival as Tech Sector Attracts Global Investors
Global investors are showing renewed interest in mainland China’s stock markets, marking a shift after two years of hesitation. This…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar,…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in the parallel…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial inclusion and economic…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS Microsoft License
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts within Abuja, with a significant…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper
In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the Economy, Seth Terkper, emphasized…
CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s Growth
The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the new financial…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost Production
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec International Petroleum Exploration and Production Company…
Bearish Market Opening: Investors Lose N7.8bn as ASI Drops 0.15%
The Nigerian stock market started the week with a bearish performance, as the All-Share Index (ASI) dipped by 0.15%, closing…
Naira Depreciates Amid Global Trade War and Forex Outflows: CBN Intervenes to Boost Supply
The ongoing trade tensions between the United States and several countries, including China and the European Union, have triggered foreign…
Parthian Capital Launches Funds to Drive Nigeria’s $1 Trillion Economy Vision
Parthian Capital Limited has unveiled two new investment funds aimed at supporting Nigeria’s goal of becoming a $1 trillion economy…
Nigeria’s FX Reserves See Modest Rebound with $12.06M Increase Amid Ongoing Economic Challenges
Nigeria’s gross foreign exchange (FX) reserves have seen a slight recovery, rising by $12.06 million to $38.36 billion as of…
Bank of Ghana Appoints New Board of Directors to Tackle Economic Challenges
The Bank of Ghana has officially inaugurated a new Board of Directors to address the nation’s economic challenges and reinforce…
Ghana Faces GHS 55 Billion Financial Crisis at BoG, ECG, and COCOBOD – Ato Forson Reveals
Finance Minister Dr. Cassiel Ato Forson has revealed that the Bank of Ghana (BoG) is facing a critical financial crisis,…
Stocks Decline as Trump’s Tariffs Weigh on Market Sentiment, Gold Nears Record High
Asian stocks saw a dramatic reversal on Thursday, slipping from initial gains into losses due to concerns over the economic…
CBN Leadership Overhaul Aimed at Boosting Efficiency and Productivity
The Central Bank of Nigeria (CBN) has appointed 16 new directors as part of a strategic overhaul to improve its…
Stock Markets Tumble in Nigeria and US Amid Global Uncertainty
The Nigerian stock market experienced a sharp downturn on Tuesday, with investors losing N285 billion, or 0.43 percent, as market…
Telcos Boost Investments to Meet Surging Data Demand in Nigeria
Telecommunication giants MTN Nigeria and Airtel Africa have ramped up their investments in network infrastructure to meet the growing demand…
Economist Criticizes Ghana’s 2025 Inflation Goal as Too Ambitious Despite Recent Progress
Economist Professor Patrick Asuming has expressed concerns over the government’s 2025 inflation target of 11.9%, labeling it as “a little…
Nigeria’s ₦54.99 Trillion 2025 Budget Faces Revenue and Debt Challenges
Nigeria has unveiled its largest budget in 65 years, with a proposed ₦54.99 trillion for 2025, marking a 56.89% increase…
FG Expands Bond Listings with Over 900 Million Units on Nigerian Exchange Limited
The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February…
Nigerian Equity Market Opens Week with N52bn Gain
The Nigerian stock market began the trading week on a positive note, with a notable increase in market capitalization by…
CBN Strengthens Operations with New Director Appointments and Strategic Vision for 2024-2028
The Central Bank of Nigeria (CBN) recently appointed 16 new directors to enhance its operations and regulatory oversight. These appointments…
Fitch Assigns Negative Outlook to Adani Energy Amid U.S. Probe Risks
Fitch Ratings has placed a negative outlook on Adani Energy Solutions Limited, citing concerns over corporate governance and the ongoing…
CBN Aims for Single-Digit Inflation with Forex Stability Measures
The Central Bank of Nigeria (CBN) has been working diligently to stabilize the foreign exchange (forex) market, resulting in notable…
Nigeria’s Economic Recovery Gathers Momentum Amid Positive Indicators
Nigeria’s economy is showing encouraging signs of recovery, driven by positive macroeconomic indicators such as rising foreign direct investment (FDI)…
Foreign Investors Drive Nigerian Eurobonds’ February Rally
Nigeria’s Eurobond market posted a strong performance in February, reflecting growing foreign investor confidence. Data from the Debt Management Office…