Browsing Category
Finance
Crypto Crackdown or Come-Up? New Nigerian Regulations Could Make or Break Industry…
Nigeria’s newly updated Investment and Securities Act (ISA) of 2025 officially recognizes cryptocurrencies and…
Traders Maintain Bets on September Fed Rate Cut Despite June Inflation Rise
Traders are holding steady on their expectations that the Federal Reserve will begin cutting short-term interest…
Australia Holds Interest Rate Steady at 3.85% Amid Inflation Uncertainty
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary…
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds…
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as…
DMO Opens July FGN Savings Bond Offer with Up to 16.762% Interest Despite Slight…
The Debt Management Office (DMO) has announced the opening of subscriptions for the July 2025 issuance of the…
OpenAI Denies Partnership with Robinhood Over Stock Token Giveaway
OpenAI has clarified that it has no affiliation with Robinhood’s recent stock token promotion involving its brand.…
Gambia Embraces Nigeria’s NAICOM Framework to Bolster Insurance Regulation
A high-level delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, has adopted Nigeria’s…
Nigeria’s Business Activity Hits 7-Month Low Amid Reforms and Inflation Struggles
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months,…
Currency in Circulation Hits N5.01 Trillion in May as Cash Outside Banks Grows to…
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in…
Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a…
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax…
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid…
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt…
FCMB Launches Sangotedo Branch to Boost Economic Growth in Lagos
First City Monument Bank (FCMB) officially opened a new branch in Sangotedo, Lagos, on June 26, 2025, as part of…
Parliament Urges Bank of Ghana to Safeguard Cedi Gains Amid Global Trade Dynamics
The Trade, Industry and Tourism Committee of Ghana’s Parliament has urged the Bank of Ghana (BoG) to intensify its…
US Stock Futures Climb as Micron Boosts AI Optimism; Investors Eye GDP and Fed…
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor…
Africa Received $95 Billion in 2024 Remittances as Nigeria, Egypt Lead Inflows –…
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment…
Treasury Yields Dip as Trump Targets Fed Chair Powell Amid Economic and…
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome…
Trump-Backed Crypto Firm Plans Stablecoin Audit and New App Amid Token Trade…
World Liberty Financial (WLF), the cryptocurrency platform backed by U.S. President Donald Trump, is planning to…
SEC Urges Nigerians to Harness Demographic Dividend for Economic Growth and…
The Securities and Exchange Commission (SEC) has called on Nigerians to take advantage of the country’s youthful…
DMO Finalises Oversubscribed N100bn Bond Auction to Support 2025 Budget
The Debt Management Office (DMO) of Nigeria is set to finalise and settle a N100 billion bond issuance today, June…
Pension Assets Rise to ₦23.33 Trillion in Q1 2025 as FG Clears ₦1.2 Trillion in…
In the first quarter of 2025, Nigeria’s pension assets grew by ₦820 billion, bringing the total to ₦23.33 trillion…
Treasury yields hold steady as investors monitor Israel-Iran ceasefire
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months –…
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40%…
SEC Tenure Rule Sparks Panic Among Capital Market Operators in Nigeria
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among…
Naira Holds Steady as CBN Injects $86.6m to Ease Dollar Shortage
The naira closed nearly unchanged on Monday in the official Nigerian Foreign Exchange Market (NFEM) after the…