Capsa Technology Named Top-8 Finalist in Afreximbank AfCFTA Accelerator Programme
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing…
Category: Finance
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it…
NGX Loses N1.14tn as Major Stocks Trigger Broad Market Sell-Off
Sell-offs in key Nigerian stocks including BUA Foods Plc, MTN Nigeria Communications Plc, and Stanbic IBTC Holdings Plc triggered a…
FGN Bond Demand Hits N2.70 Trillion in February as Yields Drop
Investor interest in Federal Government of Nigeria (FGN) bonds surged in February 2026, with total subscriptions hitting N2.70 trillion, reflecting…
Nigeria Moves to Democratize Dollar Savings and Investments for All Nigerians
The Nigerian government is stepping up efforts to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those…
Temi Popoola Urges Collaborative Efforts to Boost Sustainable Capital in Emerging Markets
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer…
Fiscal Reforms Drive Nigerian Capital Market Beyond N125 Trillion – Oyedele
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence…
Europe Stocks Poised for Positive Start Amid U.S. Tariff Concerns
European markets are set to open broadly positive on Tuesday as investors digest the impact of the latest U.S. tariffs.…
CBN Drives Cross-Border Payment Reforms to Boost Nigerian MSMEs
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for…
Mutual Benefits Pays N5.94bn in January Claims, Reinforcing Trust and Financial Strength
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost Manufacturing
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP)…
Bitcoin Price Drop to $64,000 as US Tariff Uncertainty Shakes Crypto Markets
Bitcoin fell sharply in early Asian trading on Monday, sliding toward $64,000 as uncertainty over United States tariff policy rattled…
Nigerian Equities Market Gains N1.698 Trillion as Investors Flock to Blue-Chip Stocks
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused…
Kospi Soars to Record High Amid Chip and Defense Stock Rally
South Korea’s Kospi index surged to a fresh record high for the second consecutive day on Friday, fueled by strong…
CBN Pushes for Safer Digital Cross-Border Payments to Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX Volatility
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market Growth
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025,…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa…
Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange Programme (DDEP)
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking…
FG Asset Sales in 2026: Revenue Generation Overshadows Efficiency, Analysts Warn
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and enterprises to private investors…
Tinubu Advocates for Fairer African Financial System to End High Borrowing Costs
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries continue to pay disproportionately…
Data Privacy Concerns Threaten Nigeria’s Financial Inclusion Drive
Growing concerns about data privacy in Nigeria’s financial inclusion efforts are emerging as a major obstacle to bringing millions into…
FGN Savings Bond Records N5.9bn in February 2026 Subscriptions, Three-Year Tenor Leads Demand
The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond…
Nigerian Stock Market Surges N6.79 Trillion as PenCom Raises Pension Fund Equity Limits
The Nigerian stock market recorded a remarkable gain of N6.79 trillion in its week-on-week performance, driven by the National Pension…
Universal Insurance Deposits N1.5bn with CBN to Meet Recapitalisation Requirement
As the deadline for insurance companies to meet the new minimum capital requirements approaches, several firms are finalizing compliance with…
Tinubu Urges Creation of Africa’s Own Credit Rating Agency to Reduce Borrowing Costs
In a Financial Times Op-Ed on Monday, President Bola Tinubu called for the creation of an Africa-owned credit rating agency…
Nigeria’s Inflation Drops to 15% as Naira Stability Strengthens Investor Confidence
Nigeria’s inflation rate plunged to 15.10% in January 2026, marking a significant improvement from 27.61% in January 2024. Analysts credit…
Nigerian Breweries Posts N1.467 Trillion Revenue in 2025, Signals Strong Recovery
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025.…
Swiss Private Bank Banque Pictet Expands into Africa Amid Booming Millionaire Population
Swiss private banking giant Banque Pictet has officially entered Africa, opening its first office in South Africa in a move…