CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation
The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms are beginning to…
Category: Finance
Lagos Raises N244.82bn in Oversubscribed Green and Conventional Bonds to Fund Infrastructure
Lagos State has successfully raised N244.82 billion through a combination of green and conventional bonds, underscoring strong investor confidence in…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses…
Nigeria’s Pension Assets Hit N26 Trillion in September 2025 Amid Market Volatility
Nigeria’s pension industry maintained a strong growth trajectory in September 2025, with total assets rising to N26.09 trillion, up from…
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of the country’s sweeping fiscal reform,…
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025 Federation Account Allocation…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B Deal
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are leading the latest…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
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…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence – Ecobank MD
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary…
Nigeria’s Foreign Reserves Soar to $46.7 Billion, Boosting Naira and Investor Confidence
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven years…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on…
Naira Steadies as Nigeria’s Forex Reserves Hit $46.7 Billion Amid Strong FX Inflows
Nigeria’s naira held steady on Monday in the official foreign exchange (FX) market as the country’s external reserves surged to…
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony Elumelu, Group Chairman of Heirs…
Nigeria’s Bonds and Treasury Bills Rally as N6.17 Trillion Liquidity Boost Drives Yields Down
Nigeria’s fixed-income market witnessed a strong rally last week as excess liquidity of N6.17 trillion triggered a significant fall in…
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are…
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in positive territory. The…
Champion Breweries Launches N15.9bn Rights Issue to Fund Bullet Brand Acquisition
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the…
FCMB Appoints Oluyinka Johnson as Non-Executive Director to Strengthen Board Diversity and Governance
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, following approval…
Nigeria Exits FATF Grey List: Naira Soars as Foreign Reserves Cross $43 Billion
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list,…
SEC and FMBN Partner to Address Nigeria’s Housing Deficit with Non-Interest Mortgages
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to…
FCMB Group Moves to Expand Share Capital as Capital-Raising Drive Intensifies
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in…
European Stocks Slide as AI Valuations and UK Tax Reversal Shake Markets
European stocks tumbled on Friday, rattled by concerns over inflated artificial intelligence (AI) valuations and broader global economic uncertainty. The…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT)…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by…
Naira Strengthens as Nigeria’s External Reserves Hit Six-Year High of $43.42 Billion
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF)…
Bank of Ghana Launches Transparent FX Operations Framework to Boost Market Confidence
The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at boosting transparency, reinforcing market…