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Finance
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B…
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria…
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony…
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN…
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian…
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025…
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of…
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate…
Nigerian Equities Market Rebounds, Investors Gain N2.59 Trillion
The Nigerian equities market staged a strong recovery on Wednesday, delivering a welcome relief to investors…
Edun Reassures Stockbrokers on Balanced Capital Gains Tax Implementation in…
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has reassured stockbrokers and…
UBA GMD Advocates New Financing Model to Boost Africa’s Competitiveness
The Group Managing Director of United Bank for Africa (UBA) Plc, Oliver Alawuba, has urged the adoption of a new…
European Markets Rise on US Government Spending Hope and Strong Corporate Earnings
European markets rose broadly on Wednesday, extending gains seen earlier this week amid optimism that the U.S.…
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on…
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed…
Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn
Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the…
European Markets Struggle for Direction as Earnings Season and Rate Decisions Take…
European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate…
Nigerian Eurobond oversubscribed by 400% despite Trump’s threat
The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering…
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance,…
Naira Recovers Value Amid Renewed Market Confidence in Nigeria
Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the…
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market…
Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set…
Naira and Nigerian Stocks Slide After Trump Threat of Military Action
Nigeria’s financial markets opened November 2025 under pressure as the naira and equities fell sharply following…
Nigerians Lose N316bn to Ponzi Schemes, SEC Warns Against Greed and Fake…
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have collectively lost about ₦316 billion…
Economists Urge CBN to Introduce ₦10,000 and ₦20,000 Notes to Restore Naira’s…
Nigeria’s weakening currency may soon require a major policy rethink, as a new report by Quartus Economics has…
FATF Delisting to Boost Foreign Investments in Nigeria, Says SEC DG Emomotimi…
Nigeria’s removal from the Financial Action Task Force (FATF) grey list has been hailed as a major milestone for…
Sustainable Finance Redefines Investment Landscape, Says SEC DG Emomotimi Agama
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized that the…
OTC Crypto Trading: Africa’s Hidden Backbone for Digital Finance and Cross-Border…
Over-the-counter (OTC) cryptocurrency trading is quietly emerging as the unseen engine of Africa’s digital…