Naira Settlement Policy Transforms Nigeria’s Diaspora Remittance System
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora remittances are…
Category: Finance
Asia-Pacific Markets Trade Mixed Amid U.S.-Iran Tensions and Strait of Hormuz Deadline
Asia-Pacific markets traded mixed on Tuesday as investors navigated growing geopolitical uncertainty surrounding the U.S.-Iran conflict. The trading session reflected…
NGX Weekly Turnover Falls to 2.856 Billion Shares Amid Shortened Trading Week
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to four…
Africa Prudential Strengthens Performance and Accelerates Digital Growth in 2025
Africa Prudential Plc has reaffirmed its financial resilience and growth momentum, sustaining strong returns while deepening its digital footprint, despite…
Nigerian States Return to Borrowing Despite FAAC Windfall: Debt Hits N4 Trillion
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation Committee (FAAC) have soared by…
NGX Empowers Students with Investor Protection Education During Global Money Week
The Nigerian Exchange Limited (NGX) has taken a major step toward safeguarding the financial future of young Nigerians by hosting…
Nigerian Stock Market Hits Record N29.8 Trillion Gain in Q1 2026
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering N29.8 trillion gain.…
Nigerian Stock Market Rebounds: ASI Gains 0.40% Amid Strong Consumer Stock Demand
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose 0.40 per…
Africa Loses $88 Billion Annually to Illicit Financial Flows – Edun Highlights Urgent Need for Fiscal Reforms
Africa loses an estimated $88 billion each year to illicit financial flows (IFFs), Finance Minister and Coordinating Minister of the…
NGX Records Historic N30trn Q1 Gain as Nigerian Stocks Surge to Record Highs
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording a massive N29.83…
Nigerian Stock Market Dips by N275 Billion as Investors Take Profits
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa Plc and…
Senegal Secures $537M Bond at 6.4%, Outpacing Nigeria’s Borrowing Costs
Senegal has successfully raised 304.15 billion CFA francs ($537.6 million) in its first public bond sale of 2026, securing interest…
Ghana Targets Lower Borrowing Costs with 12–12.5% Bond Guidance
Ghana is aiming to reduce its borrowing costs as it re-enters the domestic debt market with a new seven-year cedi-denominated…
Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1,…
Nigeria’s Foreign Reserves Fall $547 Million in Two Weeks Amid Market Pressures
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026, signaling renewed pressure on…
Nigeria Sees $6.44bn Capital Inflows in Q4 2025 as Investor Confidence Grows
Nigeria attracted a total of $6.44 billion in capital inflows during the fourth quarter of 2025, marking a 26.6% year-on-year…
CBN Cuts Treasury Bill Rates as Investors Flood Market with N2.7 Trillion Subscriptions
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even as…
Naira Strengthens Across FX Markets as CBN Remittance Rule Boosts Liquidity
The naira on Thursday strengthened across Nigeria’s foreign exchange (FX) markets, reaching a five-month high, as liquidity improved following a…
Africa Must Integrate Financial Systems to Avoid Fragmented Growth, BoG Governor Warns
Africa’s financial sector risks fragmented growth unless countries work to integrate their systems and regulatory frameworks, the Governor of the…
Domestic Investors Drive 78% Surge in NGX Turnover to N1.5 Trillion
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge in market activity in February 2026, with total turnover jumping by…
SEC Partners with National Orientation Agency to Fight Ponzi Schemes in Nigeria
The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the National Orientation Agency (NOA) to…
Rebuilding Nigeria’s Commodities and Futures Exchange: Key to Economic Diversification
Nigeria’s ambition to diversify its economy beyond oil has placed agriculture, solid minerals, and manufacturing at the center of policy…
Cardoso Calls for African Financial Regulators to Unite Against Rising Cross-Border Risks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on African financial regulators to strengthen collaboration…
Naira Weakens to N1,383.5/$ as External Reserves Fall to $49.6 Billion
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$ on Monday, as…
Low-Priced Tech Stocks Drive NGX Gains in 2026 Amid Investor Shift
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026, signaling a shift in…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension Assets
The federal government has officially inaugurated the new governing board of the National Pension Commission (PenCom), charging its members with…
European Stocks Struggle Amid Iran Conflict Uncertainty – Market Volatility Persists
European stocks struggled to find clear direction on Tuesday as uncertainty surrounding the Iran conflict weighed heavily on investor sentiment.…
Nigeria’s Eurobonds Rebound as Yields Ease to 7.18% Amid Global Market Tensions
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields across maturities…
FX Trades Push FMDQ Turnover to N60.77tn in January 2026
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional…
Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on NGX
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX),…