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Category: Finance

Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
BusinessFinanceLocal

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…

byayotilewaNovember 24, 2025
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
BusinessFinanceLocal

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…

byayotilewaNovember 24, 2025November 24, 2025
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
BusinessFinanceLocal

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…

byayotilewaNovember 21, 2025
Nigeria’s Pension Assets Hit N26 Trillion in September 2025 Amid Market Volatility
FinanceinvestmentLocal

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…

byayotilewaNovember 20, 2025
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
FinanceinvestmentLocal

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,…

byayotilewaNovember 20, 2025
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
BusinessFinanceLocal

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…

byayotilewaNovember 20, 2025
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B Deal
FinanceInternationalTechnology

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…

byayotilewaNovember 19, 2025
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
BusinessFinanceLocal

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…

byayotilewaNovember 19, 2025
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
BusinessFinanceLocal

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…

byayotilewaNovember 19, 2025
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
BusinessFinanceLocal

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…

byayotilewaNovember 18, 2025November 18, 2025
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
FinanceLocalMacroeconomic

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…

byayotilewaNovember 17, 2025
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
BusinessFinanceInternationalStock

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…

byayotilewaNovember 17, 2025
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
BusinessFinanceLocal

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)…

byayotilewaNovember 14, 2025
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
BusinessFinanceInternational

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…

byayotilewaNovember 14, 2025
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
BusinessFinanceLocal

Nigeria’s Currency Reforms Drive Surge in Foreign Investment

Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…

byayotilewaNovember 14, 2025
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
BusinessFinanceLocal

MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria

Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF)…

byayotilewaNovember 13, 2025
Nigerian Equities Market Rebounds, Investors Gain N2.59 Trillion
BusinessFinanceLocal

Nigerian Equities Market Rebounds, Investors Gain N2.59 Trillion

The Nigerian equities market staged a strong recovery on Wednesday, delivering a welcome relief to investors following a steep market…

byayotilewaNovember 13, 2025
Edun Reassures Stockbrokers on Balanced Capital Gains Tax Implementation in Nigeria
BusinessFinanceLocal

Edun Reassures Stockbrokers on Balanced Capital Gains Tax Implementation in Nigeria

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has reassured stockbrokers and investors that the…

byayotilewaNovember 12, 2025
UBA GMD Advocates New Financing Model to Boost Africa’s Competitiveness
BusinessFinanceLocal

UBA GMD Advocates New Financing Model to Boost Africa’s Competitiveness

The Group Managing Director of United Bank for Africa (UBA) Plc, Oliver Alawuba, has urged the adoption of a new…

byayotilewaNovember 12, 2025
European Markets Rise on US Government Spending Hope and Strong Corporate Earnings
BusinessFinanceInternational

European Markets Rise on US Government Spending Hope and Strong Corporate Earnings

European markets rose broadly on Wednesday, extending gains seen earlier this week amid optimism that the U.S. government shutdown may…

byayotilewaNovember 12, 2025
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on Bearish Note
BusinessFinanceLocal

Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on Bearish Note

The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a ₦471.99bn…

byayotilewaNovember 11, 2025
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
BusinessFinanceLocal

Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence

Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent…

byayotilewaNovember 10, 2025
Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn
FinanceInternationalMacroeconomic

Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn

Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses…

byayotilewaNovember 6, 2025
European Markets Struggle for Direction as Earnings Season and Rate Decisions Take Center Stage
BusinessFinanceInternational

European Markets Struggle for Direction as Earnings Season and Rate Decisions Take Center Stage

European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate earnings and upcoming central…

byayotilewaNovember 6, 2025
Nigerian Eurobond oversubscribed by 400% despite Trump’s threat
BusinessFinanceInternational

Nigerian Eurobond oversubscribed by 400% despite Trump’s threat

The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat. The…

byayotilewaNovember 6, 2025November 6, 2025
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
BusinessFinanceLocal

Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence

Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite…

byayotilewaNovember 6, 2025
Naira Recovers Value Amid Renewed Market Confidence in Nigeria
BusinessFinanceLocal

Naira Recovers Value Amid Renewed Market Confidence in Nigeria

Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability.…

byayotilewaNovember 5, 2025
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
FinanceLocalMacroeconomic

Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit

President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance…

byayotilewaNovember 5, 2025
Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers
BusinessEconomyFinanceLocal

Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers

The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take…

byayotilewaNovember 4, 2025
Naira and Nigerian Stocks Slide After Trump Threat of Military Action
BusinessFinanceInternational

Naira and Nigerian Stocks Slide After Trump Threat of Military Action

Nigeria’s financial markets opened November 2025 under pressure as the naira and equities fell sharply following remarks by US President…

byayotilewaNovember 4, 2025

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