Browsing Category
Finance
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Nigeria’s SEC Launches New Digital Platform to Boost Market Transparency and…
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the…
BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom,…
Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and…
Foreign Holdings of U.S. Treasuries Hit Record $9 Trillion in March Amid Rising…
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the…
U.S. Credit Downgrade Triggers Market Turmoil: Treasury Yields Rise, Dollar and…
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns…
Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus
Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as…
CBN Reduces Federal Government Loans by ₦4.1tn Amid Major Policy Shift
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in…
Naira Gains Ground Against Dollar as Forex Liquidity Improves
The Naira continued its recent upward momentum on Wednesday, closing at ₦1,596.70 per US dollar in the official…
BoG to Restrict Over-the-Counter Dollar Withdrawals as Cedi Strengthens-Ghana
Ghana’s central bank is stepping up its efforts to protect the cedi’s recent gains by targeting over-the-counter…
Nigerian Stock Market Sees 0.27% Gain with NNFM, Champion Breweries, and Others…
The Nigerian stock market continued its positive momentum on Wednesday, as the All-Share Index (ASI) increased by…
Nigeria Joins Global Network to Implement Sustainable Finance Standards, Boosting…
Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing…
Treasury Yields Dip as Investors Weigh Mild Inflation and Easing Trade Tensions
U.S. Treasury yields edged slightly lower on Wednesday as investors processed new economic data and trade…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending…
World Bank Flags NNPCL Over Incomplete Fuel Subsidy Remittances
The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)'s handling of…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth –…
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential…
Asian Markets Lose Steam as Trade War Truce Fails to Inspire Confidence
Asian stocks faltered and the U.S. dollar weakened on Tuesday, despite initial optimism around a 90-day pause in…
NGX Market Surge Adds N1.69tn in Capitalisation Amid Trading Boom
The Nigerian Exchange Limited (NGX) saw an impressive surge in market activity, with investors trading 2.645…
CBN Ups Treasury Bills Offer to N550bn Amid Softer Demand, Shifting Investor Focus
The Central Bank of Nigeria (CBN) has increased its Treasury Bills (T-Bills) Primary Market Auction offer from…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better…
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years,…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital…
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest…
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle,…
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger…
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight…
OpenAI Moves to Acquire AI Coding Startup Windsurf in Landmark $3 Billion Deal
In a strategic move to expand its influence in the AI-powered software development market, OpenAI has entered an…
Nigerian Stock Market Sees N412 Billion Surge, Led by Gains in 35 Stocks
The Nigerian equities market began the week on a positive note, with investors gaining N412 billion, driven by…