European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil Shock
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed…
Category: Finance
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 geopolitical tension surrounding…
SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market Transition
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
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 from the Central…
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 $1.25bn loan from the World Bank to support…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital Market Participation
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement…
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years as investors…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
Naira Weakens to N1,355/$ 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 market as…
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 (FGN) bonds,…
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 of the Infrastructure Concession Regulatory…
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 country is not…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks Rise
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when…
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 Account feature aimed…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch Warns
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
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 Russell upgraded the country…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31, 2025, reaching…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail Investors
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April 2026 issuance…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond auctions in the first quarter of…
Nigeria Pension Assets Hit Record Growth of N1.39 Trillion in February
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach N29.43 trillion, the highest…