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Finance
NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance
The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3…
CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains
In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion,…
Lagos government sanctions 21 money lending firms for violations
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines.…
Naira Strengthens Amid FX Reforms as CBN Marks Monetary Policy Milestone
The naira showed modest gains in both the official and parallel foreign exchange markets on Tuesday, appreciating…
UK Inflation Surges to 3.5% in April, Disrupting Interest Rate Cut Expectations
UK inflation surged unexpectedly in April, rising to 3.5% from 2.6% in March, the largest monthly jump since 2022.…
Google Unveils Bold AI Vision with Smart Glasses, AI Mode, and Premium Plans at…
At its annual I/O conference in Mountain View, California, Google introduced major advancements in artificial…
UK-EU Post-Brexit Reset Shakes Markets: Gilt Yields Surge, Sterling Rallies
The United Kingdom and the European Union have reached a landmark agreement to reset their post-Brexit…
Nigerian Stocks Edge Up as MPC Maintains Policy Rates
Nigeria’s equities market posted a slight gain of 0.03% on Tuesday, equivalent to a N20 billion increase in market…
MTN Sues 20 Banks to Recover N6bn Interconnect Debt from SleekChip Technologies
MTN Nigeria has taken legal action against over 20 banks in an attempt to recover a debt of approximately N6…
U.S. Treasury Yields Decline After Fed Signals Limited Rate Cut in 2025
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it…
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Foreign Holdings of U.S. Treasuries Hit Record $9 Trillion in March Amid Rising…
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the…
U.S. Credit Downgrade Triggers Market Turmoil: Treasury Yields Rise, Dollar and…
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns…
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in…
Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting…
Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing…
Treasury Yields Dip as Investors Weigh Mild Inflation and Easing Trade Tensions
U.S. Treasury yields edged slightly lower on Wednesday as investors processed new economic data and trade…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth –…
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential…
Asian Markets Lose Steam as Trade War Truce Fails to Inspire Confidence
Asian stocks faltered and the U.S. dollar weakened on Tuesday, despite initial optimism around a 90-day pause in…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better…
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years,…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger…
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight…
FG Charts Path to 7% Economic Growth: EMT Strategizes Inclusive Reforms for…
The Federal Government has tasked the Economic Management Team (EMT) with designing a strategic roadmap aimed at…
Nigeria Joins Asian Infrastructure Investment Bank to Boost Growth,…
Nigeria has officially become a full member of the Asian Infrastructure Investment Bank (AIIB), following the…
Bybit Enters Traditional Markets with U.S. Stocks and Commodities in Bold…
Bybit, a prominent crypto exchange, is diversifying its offerings by adding U.S. stocks and commodities like gold…
Markets Rebound as Hopes Rise for U.S.-China Trade Talks Amid Global Economic…
Global stock markets rebounded strongly on Friday following signs that the United States and China may return to…