Browsing Category
Finance
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension…
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$,…
Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision
Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor…
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at…
Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout
Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say…
Udoma and Mbah Call for Transparent, Efficient Nigerian Capital Market at PEARL…
Former Minister of Budget and National Planning, Udoma Udo Udoma, has called for greater transparency in Nigeria’s…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97…
Asia Markets Climb on Wall Street Gains Amid Federal Reserve Rate-Cut Hopes
Asia-Pacific stock markets mostly climbed Thursday, buoyed by Wall Street’s overnight gains and renewed hopes that…
Ghana Reference Rate Drops to 15.9% in December, Easing Borrowing Costs for…
Ghana’s benchmark reference rate for bank lending has fallen sharply in December, offering a welcome reprieve for…
CBN Removes Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
The Central Bank of Nigeria (CBN) has announced a major shake-up of its cash-handling policies, removing all limits…
Nigeria’s Cash Demand Hits N4.65 Trillion as Currency Circulation Surges
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65…
Nigerian Stock Market Hits 5-Year Low Amid Portfolio Realignment and CGT…
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the…
CBN Dollar Intervention: Naira Settles at N1,447 as Central Bank Injects $537…
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal…
Naira Slips to N1,446/$1 in November Despite CBN’s Tightening Measures
The Nigerian naira ended November on a slightly weaker note, continuing a trend of volatility in the foreign…
Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and…
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net…
CBN, First Bank, BUA Among Top Abuja Land Defaulters: FCTA Revokes Over 1,000…
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners,…
How CBN’s FX Reforms Spark $2.25 Billion Eurobond Surge for Nigeria
Nigeria has made a bold return to global capital markets with a $2.25 billion dual-tranche Eurobond issuance that…
Nigeria’s Public Debt Hits N152.39 Trillion in Q2 2025, NBS Reports
Nigeria’s public debt stock rose to N152.39 trillion in the second quarter of 2025, marking a 2.01% increase from…
Nigeria Moves to T+2 Settlement Cycle, Eyes T+1 Transition to Boost Market…
Nigeria’s capital market has taken a historic step forward by officially transitioning to a T+2 settlement cycle,…