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…
Category: Finance
Pension Assets Rise to ₦23.33 Trillion in Q1 2025 as FG Clears ₦1.2 Trillion in Arrears
In the first quarter of 2025, Nigeria’s pension assets grew by ₦820 billion, bringing the total to ₦23.33 trillion as…
Treasury yields hold steady as investors monitor Israel-Iran ceasefire
U.S. Treasury yields remained relatively stable on Wednesday as investors monitored geopolitical tensions following a ceasefire between Israel and Iran.…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months – Finance Minister Edun
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the…
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 capital market operators. The new…
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 Central Bank of…
SEC Tenure Rule Triggers Market Anxiety as Capital Operators Scramble for Clarity
The Securities and Exchange Commission (SEC) of Nigeria has introduced a new rule imposing tenure limits on directors of Capital…
NIBSS Launches ISO 20022-Compliant National Payment Stack to Revolutionize Digital Payments in Nigeria and Africa
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an advanced payment infrastructure built on…
China Likely to Hold Lending Rates Steady Amid Trade Truce and Recent Easing Measures
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following significant monetary easing measures…
Corporate Stablecoin Adoption Set to Surge as U.S. Senate Approves Regulatory Framework
The U.S. Senate has passed a bill that could significantly shape the future of stablecoins, marking a major milestone in…
FG Targets N100 Billion in June Bond Auction to Fund 2025 Budget
The Federal Government of Nigeria, via the Debt Management Office (DMO), has announced plans to raise N100 billion through a…
Markets Wobble as Mideast Tensions Rise and Fed Decision Looms
Global markets remained on edge Wednesday as escalating conflict between Israel and Iran entered its sixth day, fueling fears of…
Stocks Slip, Oil Surges as Middle East Conflict and Global Policy Moves Rattle Markets
Tensions in the Middle East escalated sharply as fighting between Israel and Iran entered its fifth day, leading to a…
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark Investor Optimism
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial results, which mark a strong…
Investors Ditch Long-Term US Bonds Amid Diminished Hopes for Aggressive Fed Cuts
Investors are turning away from long-term U.S. Treasury bonds as expectations for significant Federal Reserve interest rate cuts fade. Many…
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 Drawing…
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 between Israel and Iran.…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply Concerns
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered significant setbacks, primarily…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act 2020
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars, instructing them to…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over Sovereign Debt Risk
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a negative outlook to the…
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 negotiations,…
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 United States and China…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in Infrastructure Push
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for infrastructure development due to prevailing credit…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards on…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong Risk Management and Strategic Value
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at ‘AAA(nga)’ with a stable…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from the European Central Bank…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants transition to a T+2 settlement…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight Liquidity
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open Market Operation (OMO)…
Oando Surge Lifts NGX Market Cap to N71 Trillion Amid Strong Investor Sentiment
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to N71.118 trillion, driven largely…
Naira Hits Two-Month High at N1,565.46/$ 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 exchange…