Real Time Financial News Website
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge in the country’s external reserves to a six-year high of…
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central Bank of Nigeria (CBN) initiated a series of measures to…
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into the country’s retirement savings net. Speaking at the Annual Conference…
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange Group (NGX), in a high-profile ceremony…
The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at boosting transparency, reinforcing market confidence, and ensuring stability in the country’s FX market. Approved…
Ghana’s fixed-income market is emerging as one of Africa’s most credible and resilient bond platforms, with trading volumes reaching GHS214 billion in 2025. Speaking at the 10th Anniversary of the…
The Nigerian equities market staged a strong recovery on Wednesday, delivering a welcome relief to investors following a steep market downturn. The All-Share Index (ASI) surged by 2.88 per cent…
Nine leading Nigerian banks collectively raked in about ₦2.81 trillion from various fees and commissions in the third quarter of 2025, marking a 24.1 percent increase from the ₦2.27 trillion…
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has reassured stockbrokers and investors that the planned Capital Gains Tax (CGT) in Nigeria will be implemented…
The Group Managing Director of United Bank for Africa (UBA) Plc, Oliver Alawuba, has urged the adoption of a new financing model to position African financial institutions as central drivers…
European markets rose broadly on Wednesday, extending gains seen earlier this week amid optimism that the U.S. government shutdown may soon end. Investors are closely watching developments in Washington, where…
Nigeria has successfully raised $2.25 billion through a dual-tranche Eurobond, marking a significant comeback to the international capital market. The issuance — consisting of 10-year and 20-year bonds — was…
Nigeria’s foreign-exchange (FX) market recorded a remarkable rebound in October, reaching a five-month high as both foreign and domestic investors increased activity. Total inflows jumped 62.2% month-on-month to $5.15 billion,…
Nigeria’s total debt surged to N91.99 trillion last week as investors sold off bonds and Treasury bills in anticipation of higher interest rates. Data from FMDQ Group Plc for the…
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a ₦471.99bn dip in market capitalisation on Monday. The NGX All-Share Index…
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market move to date. The issuance includes a N200 billion Series IV Bond and…
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent month-on-month to $5.15 billion—the highest level in five months, according…
The Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance landscape with the strategic expansion of its Non-Interest Finance Board. This announcement was made during the…
Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses approximately $75 billion annually as a result of inflated borrowing…
The Nigerian stock market faced another tough session as sustained sell-offs dragged the market further into negative territory. Investors continued profit-taking, causing the market to extend its bearish trend and…
Asia-Pacific markets advanced on Thursday, echoing Wall Street’s strong performance as artificial intelligence (AI)-linked stocks bounced back following solid earnings from U.S. chipmaker AMD. Investors regained confidence in the sector…
The Securities and Exchange Commission (SEC) has announced that the approval of a $500 million international Sukuk marks a significant milestone for Nigeria’s ethical finance sector. The Commission said the…
Nigeria’s non-interest capital market has expanded to over ₦1.6 trillion, highlighting its increasing impact on financial inclusion and infrastructure financing. The Director-General of the Securities and Exchange Commission (SEC), Dr.…
European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate earnings and upcoming central bank decisions. The region’s main indexes — the U.K.’s FTSE,…
The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat. The dual-tranche offering, designed to raise external capital and diversify the…
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite recent geopolitical tensions. The dual-tranche offering, consisting of 10-year and…
Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability. The brief drop came amid concerns over a statement by…
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance the growing deficit in Nigeria’s ₦54.99 trillion 2025 budget. The…
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take effect in December 2025. Classified as the Advance Passenger Information…
The Federal Government, in collaboration with leading banks and private investors, is intensifying efforts to channel over $20 billion in annual diaspora remittances into productive investments that will drive Nigeria’s…