NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing investors with sophisticated tools…
Category: Finance
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement.…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in January 2026,…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock Trapped Funds
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of Stability
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note, reflecting renewed investor…
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot Gold-Backed Innovations
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92% Bid-to-Cover Ratio
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800 billion in Federal Government…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising Financial Pressure
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The…
SEC Calls for Stronger Women Participation in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has called for stronger participation of women in Nigeria’s capital market, highlighting their vital…
Oil Stocks Surge 9.43% as Naira Trades at Discount in Parallel Market
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong Contributions and Investment Gains
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81 trillion by December,…
Nigerian Stock Market Valuation Hits N126 Trillion as Investors Trade N177 Billion Shares
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to N126.43 trillion, according…
NTB Auction Sees N2.34 Trillion Demand as Investors Eye Higher Yields
Investors poured N2.34 trillion in bids at the latest Nigerian Treasury Bills (NTB) auction, more than double the N1.05 trillion…
U.S. Dollar Surges Amid Middle East Tensions: Poised for Biggest Weekly Gain in a Year
The U.S. dollar held steady in early Asian trading on Friday, buoyed by escalating tensions in the Middle East that…
CBN Treasury Bill Auction Sees N2.34 Trillion in Bids, One-Year Bill Leads Investor Demand
The Central Bank of Nigeria (CBN) recorded strong investor interest at its Treasury Bill Primary Market Auction held on March…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic Confidence
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at the end…
VAT Hits Record N1tn as New Sharing Formula Boosts States’ Revenue in 2026
Nigeria’s Value Added Tax (VAT) revenue surged to a record N1.08 trillion in January 2026, marking the first full month…
Crude-Backed Loans Tie Up N8.36tn of Nigeria’s 2025 Oil Revenue
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed loan facilities, amounting to…
Capsa Technology Named Top-8 Finalist in Afreximbank AfCFTA Accelerator Programme
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing…
Temi Popoola Urges Collaborative Efforts to Boost Sustainable Capital in Emerging Markets
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer…
Europe Stocks Poised for Positive Start Amid U.S. Tariff Concerns
European markets are set to open broadly positive on Tuesday as investors digest the impact of the latest U.S. tariffs.…
CBN Drives Cross-Border Payment Reforms to Boost Nigerian MSMEs
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for…
Mutual Benefits Pays N5.94bn in January Claims, Reinforcing Trust and Financial Strength
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost Manufacturing
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP)…
Bitcoin Price Drop to $64,000 as US Tariff Uncertainty Shakes Crypto Markets
Bitcoin fell sharply in early Asian trading on Monday, sliding toward $64,000 as uncertainty over United States tariff policy rattled…
CBN Pushes for Safer Digital Cross-Border Payments to Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the…