UBA Surpasses N500bn Capital Milestone Following Successful Rights Issue
The United Bank for Africa (UBA) has officially surpassed the N500 billion capital threshold set by the Central Bank of…
Category: Finance
US Banks Set for Strong Q4 Earnings Boosted by Investment Banking Rebound
Major United States banks are heading into the fourth-quarter earnings season with optimism, driven by a notable rebound in investment…
Asia‑Pacific Markets Slide as Trump’s Defense Crackdown and Oil Price Shift Shake Investor Confidence
Asia‑Pacific markets mostly declined on Thursday as investors reacted to renewed geopolitical tensions and policy shifts from the United States…
Naira Strengthens by 7.5% in 2025, Hits N1,419 at Official Market
Nigeria’s currency capped a remarkable year in 2025, strengthening at the official foreign exchange market to close at N1,419 per…
World Bank Places Innovation at the Heart of Global Development Strategy
The World Bank Group is making innovation a cornerstone of its global development strategy, moving beyond occasional experiments to embed…
SEC to Intensify Market Enforcement in 2026 under ISA 2025 — Boosting Investor Confidence
The Securities and Exchange Commission (SEC) has revealed plans to step up enforcement of market regulations in 2026, following the…
Nigerian Stock Market Surpasses N100 Trillion as Positive Momentum Drives Gains
The Nigerian stock market marked a historic milestone on January 5, 2026, as its total value soared past N100 trillion,…
AI Investment Boom Could Drive Global Inflation in 2026, Experts Warn
Global stock markets are starting 2026 on a high, fueled by AI enthusiasm and strong corporate earnings. In the U.S.,…
Nigeria’s Current Account Surplus Set to Reach $18.81 Billion in 2026 – CBN Forecast
Nigeria’s current account balance is set to strengthen significantly in 2026, with the Central Bank of Nigeria (CBN) projecting a…
Ghana Stock Market Leads Africa in 2025 with 79% Gain
The Ghana Securities Exchange (GSE) Composite Index has claimed the title of Africa’s best-performing stock market in 2025, leaving Nigeria’s…
Cash Circulation Stabilizes in Nigeria Amid Central Bank Reforms
Nigeria’s cash supply is showing remarkable signs of stability following sweeping reforms by the Central Bank of Nigeria (CBN), easing…
Dollar Strengthens as Traders Focus on U.S. Economic Data Despite Venezuela Tensions
The U.S. dollar started the first full trading week of 2026 on a strong note, rising to a three-and-a-half-week high…
Naira Starts 2026 Stronger at ₦1,430/$ Amid Stable FX Market
The naira opened 2026 on a strong note, appreciating to ₦1,430.84 per US dollar at the official window, signaling a…
Bank Recapitalisation to Boost Nigerian Capital Market in 2026, Says CBN
The Central Bank of Nigeria (CBN) has projected a bullish outlook for the Nigerian capital market in 2026, citing ongoing…
Ghana to Operationalise Crypto Law: BoG and SEC Set to Issue Guidelines for Virtual Assets
Ghana is taking a major step toward formalising its cryptocurrency market as the Bank of Ghana (BoG) and the Securities…
FG Leans on Domestic Investors to Bridge Funding Gap: Implications for Nigeria’s Fixed Income Market
The Federal Government (FG) has increasingly relied on domestic investors to fund its borrowing needs, shaping the dynamics of Nigeria’s…
FIRS Confirms NIN Automatically Serves as Tax ID for Nigerians
The Federal Inland Revenue Service (FIRS) has officially confirmed that the National Identification Number (NIN) issued by the National Identity…
How to Generate Your Tax ID via JTB Ahead of 2026
As Nigeria prepares for the 2026 fiscal year, obtaining a Tax Identification Number (TIN) through the Joint Tax Board (JTB)…
Nigeria’s FX Reserves Fall by $263 Million After 25 Weeks of Gains
Nigeria’s foreign exchange (FX) reserves have dipped by $263.151 million, ending a remarkable 25-week accumulation streak, according to data from…
Nigeria’s Fiscal Indiscipline Threatens 2026 Budget, Experts Warn
Nigeria’s public finances are facing mounting pressure as fiscal indiscipline and governance gaps continue to undermine the nation’s budgetary process.…
CBN Mandates Multi-Factor Authentication for Foreign Card Transactions Across Nigeria
The Central Bank of Nigeria (CBN) has ordered banks and non-bank acquirers to strengthen security on foreign-issued card transactions across…
European Markets Slip Ahead of Short Trading Week as Gold Hits Record Highs
European stocks fell modestly on Monday, as positive momentum from last week’s gains slowed ahead of a short trading week.…
SEC Mandates CMO Registration Renewal and Launches Digital Transformation Portal
The Securities and Exchange Commission (SEC) has instructed all Capital Market Operators (CMOs) to renew their registration between January 1…
CBN Eases Foreign Card Usage for Tourists and Returning Nigerians
The Central Bank of Nigeria (CBN) has issued a new directive to banks and financial institutions aimed at improving access…
FCMB Group Gets Shareholders’ Approval to Raise N400bn Ahead of 2026 CBN Recapitalisation Deadline
Shareholders of FCMB Group Plc have approved a major capital raise of up to N400 billion, positioning the bank to…
CIS Urges Nigerian Students to Embrace Capital Market Certification Amid Digital Finance Reforms
The Chartered Institute of Stockbrokers (CIS) has called on Nigerian students to equip themselves for emerging opportunities in the country’s…
NDIC and NIBSS Sign MoU to Boost Depositor Payouts in Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) are set to sign a Memorandum…
Nigeria Customs Warns Banks Over Late Remittance of Duties: Penalties Imposed for Delays
The Nigeria Customs Service (NCS) has issued a stern warning to designated banks that fail to remit collected customs duties…
Non-Interest Banking in Ghana Open to All, Says Bank of Ghana
The Bank of Ghana (BoG) has emphasized that non-interest banking in the country is accessible to everyone and is not…
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply, signaling a major…