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Finance
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion),…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate…
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened…
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in…
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria's economic outlook is growing increasingly uncertain as the country experiences its first decline in money…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian…
Increased liquidity in Nigeria's financial markets has led to a decline in the yields on one-year Treasury bills…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025,…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at…
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely…
U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market…
The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off…
CBN Governor Cardoso Reaffirms Commitment to FX Stability and Inflation Control
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the institution's dedication to stabilizing…
Nigeria’s Inflation Eases, FirstHoldCo Shines, and Cocoa Prices Surge to…
Nigeria's inflation rate has eased to 23.18%, signaling a potential relief for households and businesses as the…
Ghana’s Finance Minister Assures Capital Market Reopening and Debt Repayment…
Finance Minister, Dr. Cassiel Ato Forson, emphasized the importance of reopening Ghana's capital markets,…
Nigeria’s Debt Servicing Hits Four-Year High Amid Rising Borrowing and…
Nigeria's debt repayment reached a four-year high of $4.65 billion in 2024, marking a 32.9% increase from the…
U.S. Treasury Yields Rise as Hopes of Trade War Easing Boost Investor Confidence
U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump's stance on trade…
Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index…
Mercurie Launches Naira Payment Solution for Nigerian Businesses
Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies…
Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns
Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments…
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s…
China’s Equity Market Sees Strong Revival as Tech Sector Attracts Global Investors
Global investors are showing renewed interest in mainland China’s stock markets, marking a shift after two years…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS…
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a…
Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper
In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the…
CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s…
The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost…
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec…