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Finance
FCMB promotes literary, creative skills
First City Monument Bank (FCMB) marked Children’s Day 2025 by hosting the grand finale of its National Essay and…
U.S. Treasury Yields Inch Up Amid Israel-Iran Tensions and Oil Price Surge
U.S. Treasury yields nudged higher on Monday as global markets remained jittery over the intensifying conflict…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply…
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act…
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars,…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over…
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a…
Wall Street Wavers as U.S.-China Trade Talks Hang in Balance
Wall Street futures were largely flat on Tuesday as investors kept a close watch on the ongoing U.S.-China trade…
Treasury Yields Dip as U.S.-China Trade Talks Resume Amid Market Caution
U.S. Treasury yields fell on Tuesday as investors closely monitored the ongoing trade negotiations between the…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight…
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open…
Oando Surge Lifts NGX Market Cap to N71 Trillion Amid Strong Investor Sentiment
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to…
Naira Hits Two-Month High at N1,565.46/$ as CBN Reforms Steady FX Market
The naira surged to a two-month high on Wednesday, trading at N1,565.46 per US dollar in the official foreign…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply;…
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10…
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail…
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new…
Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid…
Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks…
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…
Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank
Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac…
Global Markets Waver as Trade Uncertainty and Economic Data Weigh on Investor…
Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting…
NGX Chief Urges Rethink of Africa’s Growth Model, Calls for Homegrown Capital and…
Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX Group), has urged African…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity…
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50%…
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3…
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization…
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in…
BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of…
Ghana Reaffirms Commitment to Fair Debt Talks Under G20 Framework
The Government of Ghana has reaffirmed its commitment to equitable and transparent debt restructuring negotiations…
Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax…
Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent…
Nigerian Stock Market Extends Gains, Rises by 0.27%
Nigeria’s stock market continued its positive momentum on Wednesday, climbing by 0.27 percent. The uptick was…
GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project…
In a move to bolster Ghana's economic transformation through enhanced international trade and export development,…