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Finance
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and…
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three…
Nigeria's Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the…
Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit…
The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks,…
SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa…
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away…
China Urges Banks to Boost Credit Support for Technology Firms
China's National Financial Regulatory Administration has called on banks to increase their issuance of credit…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic…
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump's tariff…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits…
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to…
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the…
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion),…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate…
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the…
Wall Street Braces for Trump’s Tariff Announcement Amid Ongoing Uncertainty
Wall Street is anxiously awaiting U.S. President Donald Trump’s tariff policy announcement on April 2, hoping it…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened…
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of…
Nigerian Stock Market Suffers N31bn Loss Amid Mixed Sector Performances
The Nigerian Exchange Limited continued its downward trend on Thursday, with the market capitalisation dipping by…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in…
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development…
Asia Stocks Fall Amid Rising US Tariffs, Gold Hits Record High
Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria's economic outlook is growing increasingly uncertain as the country experiences its first decline in money…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian…
Increased liquidity in Nigeria's financial markets has led to a decline in the yields on one-year Treasury bills…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025,…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at…
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely…
NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend
The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of…