Real Time Financial News Website
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria’s (CBN) recapitalization directive to support a $1 trillion economy. Banks were mandated to raise their…
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for the economy. During the First Bank outlook event, economists predicted that while…
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the previous day. Similarly, in the official Nigerian Foreign Exchange Market (NFEM), the currency…
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing the “risk of a dispute” as the country prepares for President-elect Donald Trump’s…
Nigeria’s rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and financial experts. The surge is attributed to factors such as policy-induced…
In 2024, Nigerian Deposit Money Banks (DMBs) and merchant banks borrowed an unprecedented N131.42 trillion from the Central Bank of Nigeria (CBN) to address liquidity challenges arising from the apex…
African tech startups, particularly in Nigeria, Kenya, and South Africa, secured $2.2 billion in funding in 2024 through equity, debt, and grants. This represents a 25% drop from the $2.9…
Nigeria has witnessed a robust 63.7% growth in foreign inflows through international money transfer operators (IMTOs), reaching $3.82 billion in the first nine months of 2024, compared to $2.33 billion…
Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange Limited (NGX). The announcement by the company’s Legal Director and Company Secretary, Uaboi Agbebaku,…
Nigerian investors have significantly increased their interest in Mutual Funds, with the total Net Asset Value (NAV) soaring by 80.3% to N3.75 trillion as of December 13, 2024, compared to…
Foreign investors’ participation in the Nigerian stock market has waned, with outflows surpassing inflows by 12.2% year-to-date as of November 2024. The Nigerian Exchange Limited (NGX) data revealed a foreign…
The Nigerian Exchange Limited (NGX) has launched a new Equity-Based Commodity Index aimed at tracking the performance of companies in sectors such as energy, agriculture, mining, metals, and natural resources.…
The Central Bank of Nigeria (CBN) has reassured the public that it will not devalue the naira further in 2025, quelling market concerns driven by a significant disparity between the…
Rental income in Nigeria remains low, averaging between 3% and 5%, according to Olufemi Seyi, CEO of Casafina Development. Speaking at the unveiling of new housing units in Lagos, Seyi…
Foreign transactions on the Nigerian Exchange Limited (NGX) reached N785.28 billion in the first 11 months of 2024, a dramatic increase from N411 billion during the same period in 2023.…
BMI, the research arm of Fitch Solutions, anticipates a shift toward monetary easing in Nigeria and other Sub-Saharan African (SSA) economies in 2025, driven by declining inflation and greater alignment…
The Nigerian stock market started 2025 on a bullish note, with the All-Share Index (ASI) climbing 1.42% to close at 103,586.33 points. This performance reflects investor optimism fueled by strategic…
Indonesia’s unaudited budget deficit for 2024 stood at 507.8 trillion rupiah ($31.38 billion), or 2.29% of GDP, surpassing initial expectations but exceeding the 2023 figure of 1.61%. The finance ministry…
FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the successful completion of its public offer, following the approvals of the Central…
In 2024, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, implemented bold monetary policies to address soaring inflation and stabilize the economy. Interest rates were raised four…
BCA Research predicts the Federal Reserve will ease interest rates by more than 50 basis points in 2025, exceeding the Federal Open Market Committee’s (FOMC) median forecast. The projection is…
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government (FG) to prioritize the development of Nigeria’s commodities ecosystem as a means of achieving its ambitious $1 trillion GDP…
The Central Bank of Nigeria (CBN) reported that the banking sector’s Capital Adequacy Ratio (CAR) rose to 14.01% in the third quarter of 2024, up from 12.52% in the second…
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has committed $20 million to drive sustainable infrastructure and climate tech innovation across Africa. The funding is split between the…
Ahead of the Christmas celebrations, the Nigerian Exchange Limited (NGX) started the week positively, with the market capitalization rising by N138 billion to N61.441 trillion. The All-Share Index (NGX ASI)…
Manufacturers in Nigeria’s electrical and electronics sector have been urged to leverage innovation to address the nation’s pressing energy challenges. Speaking at the third Annual General Meeting of the Electrical…
The Nigerian stock market witnessed a remarkable rally, with the All Share Index (ASI) recording a 35.2% year-to-date capital gain, surpassing the country’s inflation rate of 34.6% in November. Last…
The Central Bank of Nigeria (CBN) reported a 2.97% decline in net foreign exchange inflow in Q3 2024, totaling $14.46 billion compared to $14.89 billion in Q2. However, this represents…
The global economy, having weathered the challenges of inflation and post-pandemic recovery in 2024, faces significant uncertainty heading into 2025. Central banks lowered interest rates after successfully curbing inflation without…
The National Pension Commission (PenCom) is partnering with the Ministry of Finance to address delays in retirees’ benefit payments. Speaking at a media session in Lagos, PenCom’s Director-General, Omolola Oloworaran,…