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Finance
CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance…
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale…
South Korea Stocks Surge to Record High as Asia Markets React to Trump’s Iran Deal…
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38,…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash…
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting…
VFD Group Eyes Pan-African Expansion After ₦50.67bn Rights Issue Boost
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully…
Foreign Investors, Banks Target Nigerian Insurance Firms as Recapitalisation…
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and…
European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil…
European stock markets opened Friday on a positive note, with major indices posting gains despite growing…
European Stocks Swing on Iran Nuclear Tensions as Geopolitical Fears Shake Markets
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh…
SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market…
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden…
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians…
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of…
CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary,…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage…
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347…
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry,…
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of…
Nigeria Needs $759bn Transport Investment as ICRC Pushes PPP Financing Models
Nigeria’s transport sector will require an estimated $759 billion in investment, according to the Director-General…
Nigeria Not Seeking IMF Loan — Wale Edun Dismisses Borrowing Speculation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE…