United Capital Secures Landmark Investment Banking License in Ethiopia
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services…
Category: Finance
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
IMF Warns Against Costly Subsidies as Food Inflation Rises Globally
The International Monetary Fund (IMF) has issued a strong warning to governments worldwide, advising them to avoid sweeping subsidies, fuel…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of Payout Dates and Stocks
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria External Reserves Hit $49.26bn as Naira Gains Stability Near $50bn Milestone
Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion…
CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance Push
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS)…
South Korea Stocks Surge to Record High as Asia Markets React to Trump’s Iran Deal Stance
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38, defying…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash Turnaround
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the…
VFD Group Eyes Pan-African Expansion After ₦50.67bn Rights Issue Boost
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully structured expansion strategy aimed…
Foreign Investors, Banks Target Nigerian Insurance Firms as Recapitalisation Deadline Nears
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and local banks are increasingly…
European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil Shock
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed…
European Stocks Swing on Iran Nuclear Tensions as Geopolitical Fears Shake Markets
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh geopolitical tension surrounding…
SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market Transition
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive from the Central…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital Market Participation
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement…
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years as investors…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds,…