CBN Reforms Propel Nigeria Off EU High-Risk List, Boosting Global Financial Confidence
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement…
Category: Finance
MTN in Advanced Talks to Acquire IHS Towers Stake in $2.76 Billion Deal
MTN Group has revealed that it is in advanced talks to acquire the remaining stake in IHS Towers that it…
BoG and Bank of Rwanda Launch Fintech Passport to Boost Cross-Border Payments in Africa
The Bank of Ghana (BoG) and the Bank of Rwanda are taking a major step toward enhancing financial integration in…
European Stocks Fall as Rheinmetall Slashes 2026 Guidance; Shell and Volvo Also Weigh on Market
European stocks opened lower on Thursday as investors digested a fresh wave of corporate earnings and macroeconomic updates. The pan-European…
Nigeria’s Net Forex Inflow Drops 18.3% to $48.1bn in 9 Months Amid Weaker IMTO Remittances
Net foreign exchange inflow into Nigeria fell sharply by 18.3% year-on-year (YoY) to $48.1 billion in the nine months ended…
How CBN Reforms Lifted Nigeria from EU High-Risk Financial List
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing,…
CBN Tightens Liquidity, Withdraws N15 Trillion from Nigeria’s Financial System in January
Nigeria’s financial system faced intense liquidity pressure in January as the Central Bank of Nigeria (CBN) continued its aggressive monetary…
European Stocks Slide as Precious Metals Crash Hits Mining and Tech Sectors
European stocks opened the week on a sour note, as investors reacted to volatility in precious metals and growing concerns…
Ethos IPO Success: How the Sequoia-Backed Insurtech Survived Where Rivals Failed
Ethos Technologies, the San Francisco-based life insurance software provider, officially debuted on Nasdaq Thursday under the ticker symbol “LIFE,” one…
FGN Bond Auction Overshoots N900 Billion, Allots N1.54 Trillion in January 2026
The Federal Government of Nigeria (FGN) exceeded expectations at its January 2026 bond auction, allotting a total of N1.54 trillion,…
Central Bank of Kenya Plans KSh 50 Billion Bond Sale Amid Investor Interest Surge
The Central Bank of Kenya (CBK) is set to raise KSh 50 billion in February through the sale of long-term…
Nigeria’s Debt Crisis Deepens: Budget Deficit Hits N23.85 Trillion Amid Rising Borrowing
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from N2.2 trillion in…
European Markets Open Week Slightly Higher Amid Geopolitical Tensions
European stocks started the week in positive territory on Monday, with the pan-European Stoxx 600 index inching up 0.1% in…
Private Sector Credit Rises to N75.8 Trillion in December 2025 as CBN Policies Begin to Bite
Private sector credit in Nigeria climbed to N75.8 trillion in December 2025, up from N74.63 trillion in November, according to…
NGX Records N11.92 Trillion in Trades as Domestic and Foreign Investments Hit 19-Year High
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting…
FG Targets N900bn Domestic Borrowing with High-Yield Bonds in January Auction
The Federal Government of Nigeria (FG) is set to raise N900 billion from the domestic market by offering high-yield bonds,…
Bank Lending Hits 14-Month Low Amid Recapitalisation Pressures in Nigeria
Nigeria’s banking sector recorded a sharp slowdown in credit extension, with total loans dropping to N52.656 trillion in June 2025,…
IMF Urges Nigeria to Strengthen Public Finances Amid Rising Spending Pressures
The International Monetary Fund (IMF) has called on Nigeria and other governments to strengthen public finances and keep debt levels…
Nigerian Stock Market Surges N2.6 Trillion as Positive Momentum Continues in 2026
The Nigerian stock market continued its strong performance in the second week of 2026, adding N2.6 trillion to its total…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is the final…
UCIF Strengthens Governance with New Investment Committee Appointments
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure investment specialists as independent…
SEC Warns Nigerians Against Tunbosayo Okekunle Strategic Alpha Fund Over Suspected Ponzi Scheme
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), an online…
Champion Breweries Redeems N4.21bn Commercial Paper, Strengthening Investor Confidence
Champion Breweries Plc has successfully redeemed its N4.21bn Series 1 Commercial Paper (CP) notes at maturity, part of its broader…
NBS Updates CPI: Modern Consumption Patterns Transform Nigeria’s Inflation Data
The National Bureau of Statistics (NBS) has officially overhauled its approach to measuring inflation, discarding outdated consumption items and refreshing…
Nigeria’s Economic Reforms Boost Balance of Payments and Foreign Exchange Inflows
Nigeria’s ongoing economic reforms are showing tangible results, as the country records a significant rebound in its Balance of Payments…
Alphabet Surges to $4 Trillion Valuation as AI Innovations Boost Investor Confidence
Alphabet, the parent company of Google, briefly crossed the $4 trillion market valuation mark on Monday, becoming the fourth company…
US Financial Stocks Drop as Trump Proposes Credit Card Interest Rate Cap
U.S. financial stocks fell sharply in early trading on Monday after President Donald Trump proposed a one-year cap on credit…
Oyedele Defends Nigeria’s New Tax Laws Against KPMG Critique
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has strongly rebutted KPMG’s recent observations on…
FirstHoldCo Strengthens Non-Bank Subsidiaries with Key Board Appointments
FirstHoldCo Plc has announced a series of strategic board appointments across its non-commercial banking subsidiaries, aiming to enhance corporate governance,…
Nigeria’s Securities Firms Call for Collaborative Regulation and Faster Dispute Resolution
Nigeria’s securities market operators are advocating for a new regulatory approach that emphasizes collaboration and speedy dispute resolution, citing the…