European Markets Edge Higher Amid Munich Security Conference Talks
European markets opened slightly higher on Monday as investors digested key insights from the Munich Security Conference, highlighting both opportunities…
Category: Finance
SEC Partners with NOA to Combat Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced a strategic partnership with the National Orientation Agency (NOA) to educate Nigerians…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31 Recapitalisation Deadline
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms.…
Nigeria’s Capital Importation Hits Six-Year High of $16.7bn in First Nine Months of 2025
Nigeria’s capital importation surged to a six-year high, attracting a total of $16.7 billion in the first nine months of…
Pension Reforms Spark NGX Rally as Market Gains N6.79tn in Historic 6.16% Surge
Nigeria’s stock market delivered one of its strongest weekly performances in recent memory after sweeping pension reforms triggered a wave…
CBN Imposes Up to N10 Million Fines for Cheque Security Violations in Nigeria Focus Keyphrase:
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach…
Naira Strengthens to N1,430/$ at Parallel Market as CBN Boosts Liquidity
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of…
Lagos State Secures AA-(NG) Rating on ₦230 Billion Bond Issue to Boost Infrastructure
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for…
CBN Imposes N10 Million Fine on Banks Using Unaccredited Cheque Printers
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine…
NBET Budget Release 2025 Falls Far Short: Only N60 Million Released from N858 Billion Allocation
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital…
BOI Disburses N636bn in 2025, Tinubu Says Reforms Driving Nigeria’s Economic Growth
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements…
Asia Markets Slide as AI Fears Shake Global Stocks
Asian stock markets fell on Friday, tracking losses in the U.S. as investor anxiety over artificial intelligence (AI) disruptions intensified.…
CBN Recalibrates BDC Guidelines to Strengthen Nigeria’s Forex Market
The Central Bank of Nigeria (CBN) has announced recalibrated guidelines for licensed Bureau De Change (BDC) operators, signaling a new…
SEC–NOA Partnership to Curb Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced plans to collaborate with the National Orientation Agency (NOA) in a renewed…
African Families Struggle as Cost of Living Soars: Only 1 in 10 Nigerians Earn Above N1 Million
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to…
European Markets Poised for Gains as Investors Eye Key Earnings Reports
European stocks are expected to open higher on Thursday, as investors prepare for a fresh round of corporate earnings that…
Nigerian Stock Market Surpasses N111 Trillion on Dangote Cement Demand
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion Record in 2025
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy Drive
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its…
Nigerian Insurers’ Profits Plummet to N108.4bn Amid FX Volatility and Rising Claims
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and Retirement Security
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a…
Nigeria’s Economic Stability at Risk: CBN Warns of Excess Liquidity and 2027 Election Threats
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the…
Nigerian Stock Market Surges N1.42 Trillion as Capitalisation Hits N111.6 Trillion
The Nigerian stock market gained N1.424 trillion in market capitalisation on Monday, bringing the total value of listed equities to…
CBN Reforms Propel Nigeria Off EU High-Risk List, Boosting Global Financial Confidence
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement…
MTN in Advanced Talks to Acquire IHS Towers Stake in $2.76 Billion Deal
MTN Group has revealed that it is in advanced talks to acquire the remaining stake in IHS Towers that it…
BoG and Bank of Rwanda Launch Fintech Passport to Boost Cross-Border Payments in Africa
The Bank of Ghana (BoG) and the Bank of Rwanda are taking a major step toward enhancing financial integration in…
European Stocks Fall as Rheinmetall Slashes 2026 Guidance; Shell and Volvo Also Weigh on Market
European stocks opened lower on Thursday as investors digested a fresh wave of corporate earnings and macroeconomic updates. The pan-European…
Nigeria’s Net Forex Inflow Drops 18.3% to $48.1bn in 9 Months Amid Weaker IMTO Remittances
Net foreign exchange inflow into Nigeria fell sharply by 18.3% year-on-year (YoY) to $48.1 billion in the nine months ended…
Jaiz Bank Earnings Surge to N31.04bn on Strong Financing and Investment Growth
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial…
How CBN Reforms Lifted Nigeria from EU High-Risk Financial List
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing,…