Asia equities slide with US stock futures on China’s AI push; dollar firms
Asian stock markets and U.S. futures fell on January 27 as investors reacted to the…
Category: Finance
SEC Warns Against Investing in Risevest and Stecs Cooperative Societies
The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against…
PenCom releases additional N22bn for pension’s settlement
The National Pension Commission (PenCom) announced that the Office of the Accountant General of the…
Emerging market investors eye frontier assets shielded from Trump’s tariff threats
Amid growing global uncertainties, including rising U.S. tariffs and geopolitical tensions, investors are increasingly looking…
Trump: Nigeria, other emerging markets at risk of capital flight –JP Morgan
JP Morgan has warned that emerging markets, including Nigeria, face significant capital outflows due to…
Equity market gains N794bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index rising by…
Inflation rebasing drives N2.49trn T-bills oversubscription, expectations of rate cut
Nigeria’s one-year Treasury bill auction was oversubscribed by N2.49 trillion as investors rushed to lock…
UK borrowing jumps in December as debt interest climbs
In December 2024, the UK government reported a larger-than-expected budget deficit of 17.8 billion pounds,…
Stanbic IBTC Allocates 27% of Rights Issue Proceeds to Support SMEs and Commercial Banking
Stanbic IBTC Holdings Plc has unveiled plans to invest 27% of the N148.71 billion raised…
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Blackstone is preparing to sell its stake in Hotel Investment Partners (HIP), a Spanish-based hotel…
Net income of SFS REIT Fund hits 12-year high
SFS Real Estate Investment Trust Fund (SFS REIT Fund) achieved its highest net income in…
MTN Leads Market Rally as Investors Gain N471.37bn
Investors on the Nigerian Exchange experienced a significant boost on Tuesday, with a total market…
Buy interest in Oando, 31 Others Lift Stock Market by 0.02%
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid…
After two years of smooth sailing, the Fed ready to navigate the rocky bond market, Trump’s uncertainty
The Federal Reserve is preparing to meet amid rising concerns over a turbulent bond market…
Markets ride a rollercoaster as Trump returns to US presidency
Global markets experienced extreme volatility following Donald Trump’s inauguration, with sharp swings across stocks, currencies,…
Tinubu’s Economic Reforms Aiming for Long-Term Growth and Poverty Reduction
President Bola Ahmed Tinubu’s administration is stabilizing Nigeria’s economy through significant socio-economic reforms, focusing on…
Investors eye US stock market after Trump’s inauguration
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential…
Trump’s new cryptocurrency surges to $10bn market value
The digital token $TRUMP, launched on Friday, saw its price skyrocket from less than $10…
Markets Rally as Trump Returns to White House
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic…
Weak Naira Attracted Tourists and Boosted Economy in December
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and spending in…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the…
High Interest Rate: Manufacturers cut back on bank loans
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back…
Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded…
Government Ensures Quality Service as Telecom Tariff Hike Looms
The Nigerian government has pledged to improve telecom service quality as it prepares for an…
Crypto Scams and AI Cyberattacks Threaten Nigeria’s Digital Security
Nigeria’s cybersecurity landscape in 2025 is expected to be dominated by cryptocurrency scams and AI-driven…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at…
Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow)…
Foreign Firms Rethink Investments Amid Capital Decline
Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed…