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Finance
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation's…
GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth
The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC),…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million,…
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic…
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector…
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion),…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty…
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by…
Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in…
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous…
Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount
President Donald Trump's aggressive tariff strategy has sent shockwaves through global financial markets, with…
AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in…
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5…
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance,…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and…
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three…
Nigeria's Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa…
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic…
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump's tariff…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits…
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to…
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the…