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Finance
Nigerian Stock Market Gains N111bn as Investor Optimism Returns
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled…
CSCS Implements T+2 Settlement Cycle, Boosting Efficiency in Nigeria’s Capital…
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s…
Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns
Africa must increasingly rely on private capital and regional investment as global development aid continues to…
First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market…
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion…
Nigeria’s VAT Revenue Hits N2.06 Trillion in Q2 2025, Driven by Manufacturing and…
Nigeria’s Value Added Tax (VAT) revenue remained largely stable at N2.06 trillion in the second quarter of 2025,…
European Markets Open Mixed as Investors Weigh Global Economic Outlook
European markets are set for a mixed and cautious start on Thursday as investors take a moment to assess both…
Africa’s $100 Billion SME Credit Gap Spurs Banks and Fintechs into Strategic…
Africa faces an estimated $100 billion shortfall in credit for small and medium enterprises (SMEs), prompting…
NGX Rebounds After Six-Day Slump, Adds N94.47bn in Market Value
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that…
SEC Urges Stronger Compliance Culture After Nigeria’s FATF Grey List Exit
Nigeria’s recent removal from the Financial Action Task Force (FATF) Grey List has prompted the Securities and…
Fitch Predicts Bank of Ghana Policy Rate Could Drop to 16.5% by 2026 Amid Stable…
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the end…
Naira Strengthens Ahead of 303rd CBN MPC Meeting, Hits N1,452/$1
The Nigerian Naira recorded modest gains across the foreign exchange market on Monday, trading at N1,452/$1, up…
Lagos State Issues Record N244.82 Billion Bond to Boost Infrastructure and Green…
Lagos State has made history with its latest bond issuance, raising N244.82 billion to fund major infrastructure…
AFC and NGX Boost Nigeria’s Capital Market Capacity to Fund Infrastructure…
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, and Nigerian Exchange Limited…
Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market…
The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread…
IMF Warns Rising Domestic Borrowing Increases Banks’ Debt Risks in Africa
The International Monetary Fund (IMF) has raised concerns that the surge in domestic borrowing across African…
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital…
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the…
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising…
Lagos to Channel N244.82bn Bond Proceeds into Critical Infrastructure Development
Lagos State has announced plans to invest N244.82 billion raised from its latest bond issuance into critical…
Asia Tech Stocks Plunge Following Wall Street AI Selloff Amid Fading Rate-Cut…
Asia-Pacific markets suffered significant losses on Friday as Wall Street’s earlier AI-related rally reversed…
CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation
The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms…
Lagos Raises N244.82bn in Oversubscribed Green and Conventional Bonds to Fund…
Lagos State has successfully raised N244.82 billion through a combination of green and conventional bonds,…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean…
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation…
Nigeria’s Pension Assets Hit N26 Trillion in September 2025 Amid Market Volatility
Nigeria’s pension industry maintained a strong growth trajectory in September 2025, with total assets rising to…
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of…
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B…
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence –…
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in…
Nigeria’s Foreign Reserves Soar to $46.7 Billion, Boosting Naira and Investor…
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven…