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Finance
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes…
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three…
Pound Holds at N1,837 as Naira Stability Faces Global Currency Pressure
The British pound held around N1,837 against the naira as the Nigerian currency maintained its relative stability…
DMO Raises N5.86 Billion From August Savings Bond Auction as Investor Demand…
The Debt Management Office (DMO) has raised N5.86 billion through the Federal Government of Nigeria Savings Bond…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure…
SEC orders freeze of assets linked to six alleged terrorist financiers, three BDCs
The Securities and Exchange Commission (SEC) has ordered capital market operators across Nigeria to immediately…
DMO to Auction N425bn FGN Bonds as Investors Eye August 17 Offer
The Debt Management Office (DMO) is set to offer N425 billion worth of Federal Government of Nigeria (FGN) bonds to…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…
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…
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…
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…
Bank of America launches $250 billion initiative for US tech, energy…
Bank of America is putting serious money behind America’s next phase of growth, announcing plans to deploy $250…
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…
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…
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…
African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became…
Naira Holds Firm at N1,367/$ 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…
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…
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…
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…
Nigeria Tightens Crypto Regulations as Government Unveils New Tax Rules for…
The Nigerian government has introduced new taxation guidelines for cryptocurrencies and other virtual assets,…
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…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for…
The Federal Government has taken a major step toward regulating Nigeria's fast-growing cryptocurrency industry with…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria's ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62…
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming…
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,…
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…
African Businesses Embrace Stablecoins Amid Currency Volatility
Across Africa, businesses are embracing stablecoins as a practical solution to one of the continent's biggest…
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…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks…
Nigeria's pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market…