Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says CSCS
The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under the Investment and…
Category: Finance
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as investors…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension Compliance
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to remit pension contributions from their…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection of physical cash for…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all Ministries, Departments,…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$, up slightly from…
Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision
Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and awaited the U.S.…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor Confidence
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout of Nigeria’s new capital…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at strengthening market efficiency,…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate and coordinated approach to…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say lenders…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97 billion. The All Share Index…
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…
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.…