Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances
Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the budgeted figure…
Category: Finance
World Bank names Dangote member private sector investment Lab
The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling solutions…
Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest Income
In the face of Nigeria’s turbulent economic climate marked by inflation, currency devaluation, and regulatory shifts, leading banks are successfully…
Nigerians Save N75.65 Trillion in Quasi-Money Amid Economic Uncertainty, CBN Reports
Amid ongoing economic challenges, Nigerians have increasingly turned to savings and low-risk financial instruments, as evidenced by the Central Bank…
Bank of Ghana Urges Enhanced Security Measures Amid Rising Fraud Cases
The Bank of Ghana has called for a heightened focus on fraud prevention within the country’s banking sector, urging institutions…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising Debt Concerns
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in the wake of the…
Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic Challenges
Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of poverty,…
Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic Uncertainty
Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid financial assets like savings and fixed…
U.S. Regulatory Scrutiny Sparks Fears of Chinese Stock Delisting
Concerns over the potential delisting of Chinese stocks from U.S. exchanges have been reignited, particularly following comments from U.S. Treasury…
NGX posts N318bn gain after Easter break
The Nigerian Stock Exchange (NGX) saw a positive rebound after the Easter break, with a significant gain of N318 billion…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing economic risk currently…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board (FOB) value levy on…
Philipp Müller Appointed CEO of Blue Earth Capital to Lead Next Growth Phase in Impact Investing
Blue Earth Capital, a prominent impact investor managing over $1.5 billion in assets, has announced the appointment of Philipp Müller…
Nigeria’s Foreign Investment Surges to Two-Year High Amid High Yields and Rate Hikes
Foreign investment in Nigeria has surged to its highest level in over two years, largely driven by the Central Bank…
SEC Cracks Down on Unregistered Investment Promotions by Influencers, Enforces New Securities Act
In a strong move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has issued a stern warning to…
CBEX promoters won’t escape justice – SEC
The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge Exchange (CBEX), a…
Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB Meeting
European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX 600 index fell 0.4%,…
Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board Reshuffles Leadership
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant leadership transition for the…
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 stronger against the dollar.…
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 billion in…
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 tariffs. The pan-European…
CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital…
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 federal, state, and local governments,…
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 and frustrations…
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 $1…
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 capital…
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), has unveiled a comprehensive Digital…
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 illicit…
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 outlook and ability…