Asia Markets Surge as Japan Hits Record High Amid U.S.-India Trade Deal
Asia-Pacific markets jumped on Tuesday as investor optimism returned, fueled by a fresh U.S.-India trade deal and strong Wall Street…
Category: Finance
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on…
Nigeria’s Big 10 Stockbrokers Dominate NGX Trading With ₦7.4 Trillion Deals in 2025
In the fast-moving corridors of the Nigerian Exchange Limited (NGX), power in 2025 was anything but evenly spread. Ten brokerage…
CBN Tightens Liquidity, Withdraws N15 Trillion from Nigeria’s Financial System in January
Nigeria’s financial system faced intense liquidity pressure in January as the Central Bank of Nigeria (CBN) continued its aggressive monetary…
Global Stocks, Oil, and Precious Metals Plunge Amid Tech Fears and Market Volatility
Global financial markets opened the week on a turbulent note as stocks, oil, and precious metals plunged, extending the volatility…
Nigeria Removed from EU High-Risk List After Major Financial Reforms
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, marking a major…
European Stocks Slide as Precious Metals Crash Hits Mining and Tech Sectors
European stocks opened the week on a sour note, as investors reacted to volatility in precious metals and growing concerns…
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to Boost Nigeria’s Financial Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a delegation…
Ethos IPO Success: How the Sequoia-Backed Insurtech Survived Where Rivals Failed
Ethos Technologies, the San Francisco-based life insurance software provider, officially debuted on Nasdaq Thursday under the ticker symbol “LIFE,” one…
Reforms and Price Transparency Set to Transform Nigeria’s Markets in 2026 – NGX CEO
Nigeria’s capital markets are poised for a stronger, more transparent future in 2026, thanks to ongoing macroeconomic reforms and improved…
S&P 500 Futures Steady as Investors Digest Fed Rate Hold and Tech Earnings
S&P 500 futures held steady Wednesday evening as investors weighed a mix of Federal Reserve signals and earnings reports from…
PenCom Raises NSITF Retirees’ Pensions by 1,173% After 21-Year Freeze
The National Pension Commission (PenCom) has approved a historic 1,173% increase in pensions for retirees under the Nigeria Social Insurance…
CBN Governor Cardoso Hosts British Investors to Boost Financial Sector Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a high-profile…
Nigeria’s Tax Committee Strengthens Stakeholder Engagement for Smooth Implementation of New Tax Laws
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of Nigeria’s newly enacted tax…
Nigerian Stock Market Trades N17.3 Billion as Investors Record N3 Billion Weekly Gain
Investors on the Nigerian Exchange Limited (NGX) exchanged 601.65 million shares valued at N17.3 billion in 58,429 transactions on Monday,…
Selective Buying Boosts NGX by N3.45bn as NPF Microfinance and Morison Lead Market Gainers
Selective buying in a few key stocks helped lift the Nigerian Exchange Limited (NGX) slightly on Monday, despite subdued trading…
Nigerian Stock Market Loses N395bn Amid Investor Profit-Taking
The Nigerian stock market experienced its first weekly decline last week, shedding N395 billion in market value as investors intensified…
FGN Bond Auction Overshoots N900 Billion, Allots N1.54 Trillion in January 2026
The Federal Government of Nigeria (FGN) exceeded expectations at its January 2026 bond auction, allotting a total of N1.54 trillion,…
Central Bank of Kenya Plans KSh 50 Billion Bond Sale Amid Investor Interest Surge
The Central Bank of Kenya (CBK) is set to raise KSh 50 billion in February through the sale of long-term…
Ghana Treasury Bill Auction: Gov’t Raises GH¢12.83bn as 364-Day Rates Hit 13.06%
Ghana’s government successfully raised GH¢12.83 billion in its latest Treasury bill auction, surpassing expectations as investor demand for short-term government…
Nigeria’s Debt Crisis Deepens: Budget Deficit Hits N23.85 Trillion Amid Rising Borrowing
Nigeria’s public debt burden has escalated dramatically over the past decade, with the budget deficit soaring from N2.2 trillion in…
European Markets Open Week Slightly Higher Amid Geopolitical Tensions
European stocks started the week in positive territory on Monday, with the pan-European Stoxx 600 index inching up 0.1% in…
Private Sector Credit Rises to N75.8 Trillion in December 2025 as CBN Policies Begin to Bite
Private sector credit in Nigeria climbed to N75.8 trillion in December 2025, up from N74.63 trillion in November, according to…
European Markets Dip Amid Davos Tensions; Ericsson Shares Surge 11% After Q4 Beat
European markets slipped slightly on Friday, with the pan-European Stoxx 600 down 0.14% by mid-morning in London. Investors reacted to…
NGX Must End ‘Listing by Introduction’ to Boost Transparency and Investor Confidence
Nigeria’s capital market is at a crossroads as investors and experts increasingly question the practice of listing companies by introduction…
CBN MPC Divided on November Rate Cut as Inflation Shows Signs of Easing
Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) were sharply divided at their November 2025 meeting…
NGX Records N11.92 Trillion in Trades as Domestic and Foreign Investments Hit 19-Year High
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting…
LIRS Urges Lagos Employers to Meet January 31 Tax Filing Deadline to Avoid Penalties
The Lagos State Internal Revenue Service (LIRS) has issued a stern reminder to all employers in Lagos to comply with…
Nigeria’s Insurance Assets Surge to N4.619 Trillion as Industry Shows Resilience
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2…
Nedbank Eyes 66% Stake in NCBA to Expand Its East Africa Presence
South Africa’s Nedbank Group, one of Africa’s largest banks, is set to expand its footprint beyond Southern Africa with a…