Asia Markets Climb on Wall Street Gains Amid Federal Reserve Rate-Cut Hopes
Asia-Pacific stock markets mostly climbed Thursday, buoyed by Wall Street’s overnight gains and renewed hopes that the U.S. Federal Reserve…
Category: Finance
Nigerian Stock Market Hits 5-Year Low Amid Portfolio Realignment and CGT Uncertainty
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the Capital Gains…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in…
Nigeria’s Public Debt Hits N152.39 Trillion in Q2 2025, NBS Reports
Nigeria’s public debt stock rose to N152.39 trillion in the second quarter of 2025, marking a 2.01% increase from the…
CBN Orders Banks to Withdraw Misleading Ads to Protect Consumers
The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other regulated…
Nigerian Stock Market Gains N111bn as Investor Optimism Returns
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled by renewed investor…
Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns
Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of…
First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market Confidence
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria Limited, has deepened…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion in September, according…
European Markets Open Mixed as Investors Weigh Global Economic Outlook
European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both…
NGX Rebounds After Six-Day Slump, Adds N94.47bn in Market Value
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that had dented investor…
SEC Urges Stronger Compliance Culture After Nigeria’s FATF Grey List Exit
Nigeria’s recent removal from the Financial Action Task Force (FATF) Grey List has prompted the Securities and Exchange Commission (SEC)…
Fitch Predicts Bank of Ghana Policy Rate Could Drop to 16.5% by 2026 Amid Stable Economy
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the…
Naira Strengthens Ahead of 303rd CBN MPC Meeting, Hits N1,452/$1
The Nigerian Naira recorded modest gains across the foreign exchange market on Monday, trading at N1,452/$1, up from N1,458/$1 last…
Lagos State Issues Record N244.82 Billion Bond to Boost Infrastructure and Green Development
Lagos State has made history with its latest bond issuance, raising N244.82 billion to fund major infrastructure and green development…
Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market Capitalization
The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread profit-taking weighed on investor sentiment.…
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking…
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising strategies and embrace debt market financing as…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses…
Nigeria’s Pension Assets Hit N26 Trillion in September 2025 Amid Market Volatility
Nigeria’s pension industry maintained a strong growth trajectory in September 2025, with total assets rising to N26.09 trillion, up from…
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of the country’s sweeping fiscal reform,…
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 Federation Account Allocation…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B Deal
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are leading the latest…
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 Energy…
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 (CBN) announced on…
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 Elumelu, Group Chairman of Heirs…
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are…
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 positive territory. The…
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 Gains Tax (CGT)…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by…