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Finance
CBEX promoters won’t escape justice – SEC
The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge…
Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB…
European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX…
Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board…
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly…
Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025
Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2…
European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML
European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade…
CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset…
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government…
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the…
Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears
In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears…
Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others
The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation's…
Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says
Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase…
GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth
The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC),…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million,…
Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven…
In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in…
Banks and Universities colluding to frustrate student loan disbursement, says NOA
The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities…
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic…
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic…
Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA
The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its…
Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space
Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT…
Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War
Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector…
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion),…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International…
NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5…
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure,…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent…
Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action
In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully…