Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
Category: Finance
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three Years
Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over…
Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit Three-Year High
The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks, following a boost in…
SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi schemes in Nigeria,…
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like…
China Urges Banks to Boost Credit Support for Technology Firms
China’s National Financial Regulatory Administration has called on banks to increase their issuance of credit loans and medium- and long-term…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase driven by strong autonomous…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic Uncertainty
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump’s tariff policy. The 10-year…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost Nigeria’s Financial Market
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key stakeholders in Nigeria’s financial…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits Record High
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged to…
Financial Institutions in Africa Face Growing Cybercrime Threats, Summit to Address Security Challenges
Financial institutions in Africa are increasingly becoming prime targets of cybercrime, according to the organizers of the Banking, Financial Services,…
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange market. The…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal Pressures
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion), representing 23.14% of the nation’s…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate Earnings and Federal Reforms
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the Community…
Wall Street Braces for Trump’s Tariff Announcement Amid Ongoing Uncertainty
Wall Street is anxiously awaiting U.S. President Donald Trump’s tariff policy announcement on April 2, hoping it will provide some…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened Monetary Policy
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of Nigeria…
Nigerian Stock Market Suffers N31bn Loss Amid Mixed Sector Performances
The Nigerian Exchange Limited continued its downward trend on Thursday, with the market capitalisation dipping by N31 billion. The All-Share…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in Nigeria
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development sectors emphasized the importance of…
Asia Stocks Fall Amid Rising US Tariffs, Gold Hits Record High
Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears of…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria’s economic outlook is growing increasingly uncertain as the country experiences its first decline in money supply. The Central Bank…
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian Government
Increased liquidity in Nigeria’s financial markets has led to a decline in the yields on one-year Treasury bills (T-Bills), easing…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025, driven by…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely monitored potential…
NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend
The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of trading on…
Analysts Predict Drop in T-Bill Yields as Liquidity Improves Ahead of CBN Auction
As Nigeria prepares for its Treasury Bill (T-Bill) auction on Wednesday, analysts expect a decline in yields due to improving…
U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market Shifts
The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off of Nigerian…
CBN Governor Cardoso Reaffirms Commitment to FX Stability and Inflation Control
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has reaffirmed the institution’s dedication to stabilizing the foreign exchange market and…
Nigeria’s Inflation Eases, FirstHoldCo Shines, and Cocoa Prices Surge to Record Highs
Nigeria’s inflation rate has eased to 23.18%, signaling a potential relief for households and businesses as the financial pressure on…