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Finance
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid…
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared!-->…
UBA Chairman Elumelu Assures Shareholders of N500 Billion Capital Base by Q3 2025
At the United Bank for Africa (UBA) Plc's 63rd Annual General Meeting (AGM) in Abuja, UBA Chairman Tony Elumelu!-->…
Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction-…
The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the!-->…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills!-->…
Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances
Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the!-->…
World Bank names Dangote member private sector investment Lab
The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling!-->…
Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest…
In the face of Nigeria's turbulent economic climate marked by inflation, currency devaluation, and regulatory!-->…
Nigerians Save N75.65 Trillion in Quasi-Money Amid Economic Uncertainty, CBN…
Amid ongoing economic challenges, Nigerians have increasingly turned to savings and low-risk financial!-->…
Bank of Ghana Urges Enhanced Security Measures Amid Rising Fraud Cases
The Bank of Ghana has called for a heightened focus on fraud prevention within the country's banking sector,!-->…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising…
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in!-->…
Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic…
Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of!-->…
Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic…
Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid!-->…
U.S. Regulatory Scrutiny Sparks Fears of Chinese Stock Delisting
Concerns over the potential delisting of Chinese stocks from U.S. exchanges have been reignited, particularly!-->…
NGX posts N318bn gain after Easter break
The Nigerian Stock Exchange (NGX) saw a positive rebound after the Easter break, with a significant gain of N318!-->…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato…
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing!-->…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board!-->…
Philipp Müller Appointed CEO of Blue Earth Capital to Lead Next Growth Phase in…
Blue Earth Capital, a prominent impact investor managing over $1.5 billion in assets, has announced the!-->…
Nigeria’s Foreign Investment Surges to Two-Year High Amid High Yields and Rate…
Foreign investment in Nigeria has surged to its highest level in over two years, largely driven by the Central!-->…
SEC Cracks Down on Unregistered Investment Promotions by Influencers, Enforces New…
In a strong move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has issued a stern!-->…
CBEX promoters won’t escape justice – SEC
The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge!-->…
Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB…
European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX!-->…
Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board…
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant!-->…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly!-->…
Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025
Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2!-->…
European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML
European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade!-->…
CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset…
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government!-->…
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!-->…
Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears
In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears!-->…
Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others
The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle!-->…
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!-->…