Real Time Financial News Website
The International Monetary Fund (IMF) has raised concerns that the surge in domestic borrowing across African nations is heightening the risk of government debt exposure in banks’ portfolios. In its…
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking at the Institute’s 29th Annual Stockbrokers’ Conference, stakeholders emphasized that…
Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising strategies and embrace debt market financing as a key avenue for sustainable growth. The New Practice (TNP),…
Lagos State has announced plans to invest N244.82 billion raised from its latest bond issuance into critical infrastructure across the state. The funds, part of the Series III Green Bond…
Asia-Pacific markets suffered significant losses on Friday as Wall Street’s earlier AI-related rally reversed sharply, rattling investor confidence. Hopes for a December rate cut by the U.S. Federal Reserve faded…
The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms are beginning to stabilise the naira and ease lending rates, even as inflation…
Lagos State has successfully raised N244.82 billion through a combination of green and conventional bonds, underscoring strong investor confidence in the state’s growth plans. The funds will be directed toward…
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses the apex bank of reintroducing dirty and unfit banknotes worth…
Nigeria’s pension industry maintained a strong growth trajectory in September 2025, with total assets rising to N26.09 trillion, up from N25.90 trillion in August. This 0.75% month-on-month increase represents a…
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of the country’s sweeping fiscal reform, the Presidential Fiscal Policy and Tax Reforms Committee has confirmed.…
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025 Federation Account Allocation Committee (FAAC) allocation, slightly lower than September’s N2.103 trillion. This…
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are leading the latest wave, committing a combined $15 billion to Anthropic, a competitor…
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year growth, according to the latest report by the National Pension Commission (PenCom). This…
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary sovereignty and cutting the country’s reliance on foreign currencies. Speaking…
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven years and providing 10.3 months of import cover for goods and…
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy and former Chairman of the Securities and Exchange Commission (SEC),…
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on Tuesday. The surge, driven by stronger oil receipts, sustained balance-of-payments…
Nigeria’s naira held steady on Monday in the official foreign exchange (FX) market as the country’s external reserves surged to $46.7 billion, reaching a six-month high. The boost in reserves…
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony Elumelu, Group Chairman of Heirs Holdings and the United Bank for Africa (UBA). Speaking at…
Nigeria’s fixed-income market witnessed a strong rally last week as excess liquidity of N6.17 trillion triggered a significant fall in yields across bonds, Treasury bills, and Eurobonds. The surge in…
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are pushing for lower interest rates. According to the Household Expectations…
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in positive territory. The pan-European Stoxx 600 was up 0.06% by 8:25 a.m. in…
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the company’s ambitious growth strategy. The signing ceremony, held last Friday,…
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, following approval from the Central Bank of Nigeria (CBN). This strategic move…
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list, a move signaling improved controls against money laundering and terrorist…
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to create a non-interest mortgage ecosystem, targeting the nation’s persistent housing…
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in its ongoing capital-raising programme. The bank holding company disclosed this…
European stocks tumbled on Friday, rattled by concerns over inflated artificial intelligence (AI) valuations and broader global economic uncertainty. The pan-European Stoxx 600 fell 0.8% early in trading, with major…
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT) from 10% to 30% on share sales exceeding N150 million.…
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by Nigeria’s recent economic reforms and a strengthening naira. The New…