Real Time Financial News Website
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond on FMDQ Securities…
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026, signaling renewed pressure on the country’s external buffers. Data from the Central Bank of…
Nigeria attracted a total of $6.44 billion in capital inflows during the fourth quarter of 2025, marking a 26.6% year-on-year increase from $5.09 billion in Q4 2024, according to the…
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even as investors poured N2.7 trillion into the market for one-year securities.…
The naira on Thursday strengthened across Nigeria’s foreign exchange (FX) markets, reaching a five-month high, as liquidity improved following a Central Bank of Nigeria (CBN) directive on diaspora remittance flows.…
Africa’s financial sector risks fragmented growth unless countries work to integrate their systems and regulatory frameworks, the Governor of the Bank of Ghana, Johnson Asiama, has cautioned. Speaking at the…
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge in market activity in February 2026, with total turnover jumping by 78.93% month-on-month to N1.5 trillion. This represents a sharp increase…
The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the National Orientation Agency (NOA) to collaborate on nationwide campaigns aimed at combating illegal investment schemes,…
Nigeria’s ambition to diversify its economy beyond oil has placed agriculture, solid minerals, and manufacturing at the center of policy discussions. Yet, a critical piece of the economic puzzle remains…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on African financial regulators to strengthen collaboration to address rising cross-border risks as financial integration across the…
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$ on Monday, as pressure mounts from declining external reserves and cautious global market…
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026, signaling a shift in investor focus from traditional blue-chip firms to more accessible, high-growth…
The federal government has officially inaugurated the new governing board of the National Pension Commission (PenCom), charging its members with the critical responsibility of safeguarding N28 trillion in pension assets…
European stocks struggled to find clear direction on Tuesday as uncertainty surrounding the Iran conflict weighed heavily on investor sentiment. The pan-European Stoxx 600 index opened largely flat, reflecting a…
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields across maturities fell to 7.18% from 7.25%. Data from Lagos-based Meristem shows…
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional participation in Nigeria’s financial markets. The performance was highlighted in…
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX), highlighting the dominance of key blue-chip companies in Nigeria’s capital…
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing investors with sophisticated tools to manage risk, speculate on market trends, and navigate market…
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements, setting the stage…
The US dollar retreated from multi-month highs this week as investors reacted to rising energy prices and shifting expectations for global interest rates. According to a report by Reuters on…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its N127 trillion market capitalisation, leaving the remaining 169 listed stocks…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion and a profit before tax of N179.5 billion. The company’s…
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the economy, expanding opportunities, and strengthening social protections. According to the…
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary policy rate. According to updates sent to customers, commercial banks…
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on March 18, bringing the total short-term government borrowing to nearly…
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement. The pan-European Stoxx 600 gained 0.5% in early trade, with…
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years, as part of a sweeping effort to protect investors and…
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in January 2026, up from N22.51 trillion a year earlier. This 24.6% increase…
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank accounts. The move is expected to make it easier for…
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange market, compared to N1,363.5/$ recorded on Friday. This marks the…