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Finance
Nigeria’s Net Foreign Liabilities Rise to $90.2bn
Nigeria’s net foreign liabilities climbed sharply to $90.2 billion in 2025, reflecting the country's growing…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria's corporate bond market maintained its strong momentum in June 2026, with the total outstanding value of…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market…
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience…
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to…
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal…
Treasury Bills Outperform Inflation as Nigeria’s Fixed-Income Market Delivers…
Nigeria’s fixed-income market is experiencing a significant turnaround as Treasury bills and Federal Government of…
Nigeria FX Spot Transactions Push Weekly Forex Turnover Up 46% to $2.39 Billion
Nigeria’s foreign exchange market staged a strong comeback in the week ended July 17, 2026, as soaring FX spot…
SEC Pushes for Near-Zero Trade Failures as Nigeria’s T+1 Settlement Reform Gains…
Nigeria’s capital market is entering a new era of speed and efficiency as the Securities and Exchange Commission…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap…
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto…
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in…
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known as the FX BDC Purchase…
Top Shariah-Compliant Mutual Funds in Nigeria Spark 74% Asset Surge in H1 2026
Ethical investing is no longer just a niche moral choice in Nigeria—it is officially a highly lucrative wealth…
DMO Opens N1.2 Trillion Bond Auction as Federal Government Seeks Investor…
The Debt Management Office (DMO) has announced the opening of subscriptions for a N1.2 trillion federal government…
Nigeria and Hong Kong Sign Historic Double Taxation Agreement to Protect Investors
In a major win for international business, Nigeria and Hong Kong have officially joined forces to eliminate the…
IMF July economic outlook: Oil lifts Nigeria, AI lifts the World’s winners
The latest IMF July economic outlook paints a picture of resilient growth, projecting a steady 4.1% expansion for…
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment…
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria…
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record…
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury…
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026,…
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead…
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is…
NGX Records N154bn Share Turnover as Trading Activity Surges 15% Despite Market…
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country,…
CBN Caps Suspension of Payment Obligations for Troubled Banks at Two Business Days
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment…
NGX Rebounds as Airtel Africa Drives N652.8bn Market Gain Amid Persistent Selling…
Nigeria’s stock market ended June on a positive note as renewed investor interest in Airtel Africa and other…
Nigeria’s $1.5bn Abu Dhabi Drawdown to Cut Borrowing Costs, Says Oyedele
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank…
DMO unveils N4 trillion FGN Bond auction plan for Q3 2026
Nigeria’s Debt Management Office (DMO) has announced an ambitious Federal Government of Nigeria (FGN) Bond issuance…
NGX Market Crash Wipes Out N2.35 Trillion as MTN, Unilever Lead Massive Selloff
Nigeria’s equities market endured another painful trading session on Monday as investors lost an estimated N2.35…
Global Tech Sell-Off Deepens as Nasdaq Futures Slide on Rising AI Infrastructure…
Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global…