CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and Union…
Category: Finance
Nigeria’s ₦30 Trillion Revenue Shortfall Sparks Concerns Over 2026 Budget
Nigeria’s federal government is under fresh scrutiny after revealing a ₦30 trillion shortfall in its 2025 revenue, casting doubts on…
Global Currencies on Edge Ahead of Central Bank Decisions and U.S. Data
Global currencies were largely rangebound on Monday as investors prepared for a critical week of central bank decisions and major…
99% of Nigerian Stock Market Investors Exempt from Capital Gains Tax, Says FG
The Federal Government has assured Nigerian investors that the vast majority of participants in the stock market will not be…
European Markets Rise Ahead of Busy Central Bank Week
European markets started the week on a positive note as investors prepared for a series of key central bank meetings…
Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says CSCS
The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under the Investment and…
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as investors…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company (Chams HoldCo), valued at…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly implementation of Nigeria’s newly enacted…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension Compliance
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to remit pension contributions from their…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection of physical cash for…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all Ministries, Departments,…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21 billion on…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$, up slightly from…
Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision
Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and awaited the U.S.…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor Confidence
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout of Nigeria’s new capital…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at strengthening market efficiency,…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate and coordinated approach to…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say lenders…
Udoma and Mbah Call for Transparent, Efficient Nigerian Capital Market at PEARL Awards
Former Minister of Budget and National Planning, Udoma Udo Udoma, has called for greater transparency in Nigeria’s capital market, emphasizing…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97 billion. The All Share Index…
Asia Markets Climb on Wall Street Gains Amid Federal Reserve Rate-Cut Hopes
Asia-Pacific stock markets mostly climbed Thursday, buoyed by Wall Street’s overnight gains and renewed hopes that the U.S. Federal Reserve…
Ghana Reference Rate Drops to 15.9% in December, Easing Borrowing Costs for Businesses
Ghana’s benchmark reference rate for bank lending has fallen sharply in December, offering a welcome reprieve for businesses and consumers…
CBN Removes Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
The Central Bank of Nigeria (CBN) has announced a major shake-up of its cash-handling policies, removing all limits on cash…
Nigeria’s Cash Demand Hits N4.65 Trillion as Currency Circulation Surges
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65 trillion in October,…
Nigerian Stock Market Hits 5-Year Low Amid Portfolio Realignment and CGT Uncertainty
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the Capital Gains…
CBN Dollar Intervention: Naira Settles at N1,447 as Central Bank Injects $537 Million
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in November,…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in…