CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa…
Category: Finance
FG Asset Sales in 2026: Revenue Generation Overshadows Efficiency, Analysts Warn
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and enterprises to private investors…
Data Privacy Concerns Threaten Nigeria’s Financial Inclusion Drive
Growing concerns about data privacy in Nigeria’s financial inclusion efforts are emerging as a major obstacle to bringing millions into…
FGN Savings Bond Records N5.9bn in February 2026 Subscriptions, Three-Year Tenor Leads Demand
The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond…
Nigerian Breweries Posts N1.467 Trillion Revenue in 2025, Signals Strong Recovery
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025.…
European Markets Edge Higher Amid Munich Security Conference Talks
European markets opened slightly higher on Monday as investors digested key insights from the Munich Security Conference, highlighting both opportunities…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31 Recapitalisation Deadline
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms.…
Naira Strengthens to N1,430/$ at Parallel Market as CBN Boosts Liquidity
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of…
Lagos State Secures AA-(NG) Rating on ₦230 Billion Bond Issue to Boost Infrastructure
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for…
NBET Budget Release 2025 Falls Far Short: Only N60 Million Released from N858 Billion Allocation
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital…
Asia Markets Slide as AI Fears Shake Global Stocks
Asian stock markets fell on Friday, tracking losses in the U.S. as investor anxiety over artificial intelligence (AI) disruptions intensified.…
European Markets Poised for Gains as Investors Eye Key Earnings Reports
European stocks are expected to open higher on Thursday, as investors prepare for a fresh round of corporate earnings that…
Nigeria’s Economic Stability at Risk: CBN Warns of Excess Liquidity and 2027 Election Threats
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the…
Nigerian Stock Market Surges N1.42 Trillion as Capitalisation Hits N111.6 Trillion
The Nigerian stock market gained N1.424 trillion in market capitalisation on Monday, bringing the total value of listed equities to…
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…
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,…