Nigeria, Rwanda Strengthen Capital Markets Ties with New Regulatory Partnership
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum…
Category: Finance
Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation Phase
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s Banking Shake-Up
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but…
IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on…
CBN Proposes Stricter Banking Rules with New Ring-Fencing Guidelines for Financial Groups
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
United Capital Secures Landmark Investment Banking License in Ethiopia
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash Turnaround
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the…
VFD Group Eyes Pan-African Expansion After ₦50.67bn Rights Issue Boost
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully structured expansion strategy aimed…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital Market Participation
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds,…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks Rise
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch Warns
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian…
Naira Settlement Policy Transforms Nigeria’s Diaspora Remittance System
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora remittances are…
NGX Weekly Turnover Falls to 2.856 Billion Shares Amid Shortened Trading Week
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to four…
Nigerian States Return to Borrowing Despite FAAC Windfall: Debt Hits N4 Trillion
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation Committee (FAAC) have soared by…
Nigerian Stock Market Hits Record N29.8 Trillion Gain in Q1 2026
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering N29.8 trillion gain.…
Nigerian Stock Market Rebounds: ASI Gains 0.40% Amid Strong Consumer Stock Demand
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose 0.40 per…
NGX Records Historic N30trn Q1 Gain as Nigerian Stocks Surge to Record Highs
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording a massive N29.83…
Nigerian Stock Market Dips by N275 Billion as Investors Take Profits
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa Plc and…