NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows
Foreign exchange activity on Nigeria’s official market took a sharp hit on August 11, with Nigerian Foreign Exchange Market (NFEM)…
Category: Finance
CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand
The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59%, surprising investors…
T-Bill Yields Slide as Investors Chase N700bn CBN Auction
T-bill yields edged lower on Monday as investors stepped up demand for short-term government securities ahead of the Central Bank…
Bank of America launches $250 billion initiative for US tech, energy infrastructure
Bank of America is putting serious money behind America’s next phase of growth, announcing plans to deploy $250 billion to…
Nigeria Pushes for Local Ownership as Fintech Giants Eye Foreign Listings
Nigeria is looking to give local investors a bigger slice of the country’s booming fintech industry as major players such…
Recapitalisation Row: FG Orders NAICOM to Suspend Disputed Insurance Fees
The Federal Government has stepped into a growing dispute between the National Insurance Commission (NAICOM) and two state-owned insurance companies…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn attention…
African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became increasingly cautious…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US dollar as…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for businesses and…
Africa’s Capital Markets Rally as Investors Bet on the Continent’s Growth Story
Africa’s financial markets are showing fresh signs of momentum as investors increasingly back the continent’s growth prospects, even as major…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing loans (NPLs) ratio…
Nigeria Tightens Crypto Regulations as Government Unveils New Tax Rules for Virtual Assets
The Nigerian government has introduced new taxation guidelines for cryptocurrencies and other virtual assets, marking a major step toward regulating…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to deliver measurable…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for Non-Compliance
The Federal Government has taken a major step toward regulating Nigeria’s fast-growing cryptocurrency industry with the introduction of new tax…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria’s ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing confidence that the Central Bank…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
Afreximbank’s Record Bond Issuance Raises $1.5bn
Afreximbank has made history by raising a record $1.5 billion through its largest-ever Eurobond issuance, highlighting growing international confidence in…
SEC Launches Full E-Registration Platform to Transform Nigeria’s Capital Market
Nigeria’s Securities and Exchange Commission (SEC) has taken a major step toward modernising the country’s capital market with the rollout…
African Businesses Embrace Stablecoins Amid Currency Volatility
Across Africa, businesses are embracing stablecoins as a practical solution to one of the continent’s biggest financial challenges—currency volatility and…
CBN Cuts One-Year Treasury Bill Yield as Investor Demand Soars Nearly Sevenfold
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill to 17.35%, following overwhelming…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks Retirement Savings
Nigeria’s pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market wiped approximately…
Nigeria’s Net Foreign Liabilities Rise to $90.2bn
Nigeria’s net foreign liabilities climbed sharply to $90.2 billion in 2025, reflecting the country’s growing dependence on foreign capital despite…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria’s corporate bond market maintained its strong momentum in June 2026, with the total outstanding value of corporate bonds on…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as Governor of the…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing the…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time market leader Zenith Bank…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience Across Africa
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in the continent’s insurance and reinsurance…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle verified legacy debts…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to Investors
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal Government of Nigeria (FGN) bond…