Real Time Financial News Website
The Central Bank of Nigeria (CBN) has announced a major shake-up of its cash-handling policies, removing all limits on cash deposits and raising the weekly withdrawal cap for individuals to…
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65 trillion in October, marking the second consecutive month of growth. The increase reflects…
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the Capital Gains Tax (CGT) and year-end portfolio rebalancing weighed heavily on equities.…
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in November, providing crucial support to the naira amid persistent volatility. The…
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in Abuja, blocking both entrances as they intensified their demand for…
The Nigerian naira ended November on a slightly weaker note, continuing a trend of volatility in the foreign exchange market. By November 28, the currency traded at N1,446.9 per dollar,…
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net income of N3.12 billion by the end of 2025. The brewery’s strong performance is…
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners, including major banks and companies, for defaulting on statutory land charges in Abuja. Among the high-profile…
Nigeria has made a bold return to global capital markets with a $2.25 billion dual-tranche Eurobond issuance that surpassed expectations. The 10-year and 20-year bonds, priced at 8.625% and 9.125%…
Nigeria’s public debt stock rose to N152.39 trillion in the second quarter of 2025, marking a 2.01% increase from the N149.38 trillion recorded in Q1, the National Bureau of Statistics…
Nigeria’s capital market has taken a historic step forward by officially transitioning to a T+2 settlement cycle, effective November 28, 2025. The move, announced by the Securities and Exchange Commission…
After six weeks of muted activity, Ghana’s treasury bill market has staged a strong comeback, signaling renewed investor confidence. Fresh data from the Bank of Ghana shows that the latest…
The Federal Government of Nigeria has pledged to take stringent action against banks, financial institutions, and accounting firms found aiding terrorism financing. President Bola Tinubu’s Special Adviser on Media and…
Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78 trillion. The latest data from the National Bureau of Statistics (NBS) shows a…
The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other regulated financial institutions, demanding the immediate withdrawal of any advertisement or…
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled by renewed investor confidence. Share price appreciation in MTN Nigeria Communications (MTNN) Plc…
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s capital market, effective Friday, November 28, 2025. The shift from the long-standing T+3 cycle…
Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has…
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria Limited, has deepened its stake in First Holdco Plc with a fresh N2…
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion in September, according to the Central Bank of Nigeria’s latest money and credit…
Nigeria’s Value Added Tax (VAT) revenue remained largely stable at N2.06 trillion in the second quarter of 2025, according to the latest report released by the National Bureau of Statistics…
European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both regional and global economic developments. Traders are showing restraint after…
Africa faces an estimated $100 billion shortfall in credit for small and medium enterprises (SMEs), prompting banks, fintech startups, and telecom operators to form unexpected alliances to bridge the financing…
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that had dented investor confidence. The All-Share Index rose by 0.10 per cent to…
Nigeria’s recent removal from the Financial Action Task Force (FATF) Grey List has prompted the Securities and Exchange Commission (SEC) to call for stronger and more proactive compliance standards across…
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the end of 2026, reflecting the country’s stable currency and declining…
The Nigerian Naira recorded modest gains across the foreign exchange market on Monday, trading at N1,452/$1, up from N1,458/$1 last Friday, as investors positioned themselves ahead of the highly anticipated…
Lagos State has made history with its latest bond issuance, raising N244.82 billion to fund major infrastructure and green development projects. The announcement marks the largest bond ever issued by…
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, and Nigerian Exchange Limited (NGX), the country’s sustainable capital market champion, have joined forces to strengthen Nigeria’s market capacity for financing…
The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread profit-taking weighed on investor sentiment. The All Share Index (ASI) dropped by 108.01 points, a…