Equity market gains N794bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index rising by 1.22% to 103,598.30 points and…
Category: Finance
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 in current yields ahead of…
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, significantly higher than the forecasted…
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 from its ongoing rights issue…
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 management company valued at 6.5…
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 12 years, recording a 51.2%…
MTN Leads Market Rally as Investors Gain N471.37bn
Investors on the Nigerian Exchange experienced a significant boost on Tuesday, with a total market gain of N471.37bn, raising the…
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 strong demand for Oando Plc…
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 and the unpredictable policies of…
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, commodities, and cryptocurrencies. The turbulence…
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 critical infrastructure projects to drive…
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 term. Historically, the benchmark S&P…
Trump’s new cryptocurrency surges to $10bn market value
The digital token $TRUMP, launched on Friday, saw its price skyrocket from less than $10 on Saturday to a peak…
Markets Rally as Trump Returns to White House
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his pro-business policies while…
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 the country last December. Many…
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 NASD Securities Index recording a…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing…
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 on bank loans, marking the…
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 a combined non-current liability of…
Government Ensures Quality Service as Telecom Tariff Hike Looms
The Nigerian government has pledged to improve telecom service quality as it prepares for an upcoming tariff increase. Minister of…
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 cyberattacks, according to a new…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68 points. Market capitalization also…
Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments,…
Foreign Firms Rethink Investments Amid Capital Decline
Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed (ROCE) decline. BusinessDay’s analysis shows…
FG to Establish Farmers Database for Targeted Support
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement with the National…
NCC Orders Disconnection of Nine Banks’ USSD Services Over Unpaid Debts
The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) services of nine…
Apple Seeks New Credit Card Partner as Goldman Backs Out
Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as its credit card partner, sources say.…
FG’s Economic Policies to Boost Marketing Industry in 2025
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to…
Equity market posts N930bn loss
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking the third…