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MTN Nigeria and Transcorp Lead as Nigerian Stock Market Gains N507bn
Investors on the Nigerian Exchange witnessed a significant gain of N507 billion on Wednesday, with market…
Concessional Borrowing Key to Addressing Nigeria’s Debt Challenges
Nigeria's rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and…
Nigerian Banks Borrow Record N131.42 Trillion From CBN Amid Tight Liquidity
In 2024, Nigerian Deposit Money Banks (DMBs) and merchant banks borrowed an unprecedented N131.42 trillion from…
Nigerian Telecom Subscribers Switch Networks in Pursuit of Quality Services
Over 60,000 Nigerian telecom subscribers switched networks between October 2023 and October 2024, according to the…
Foreign inflows soar by 63.7% to $3.82bn in 9 months
Nigeria has witnessed a robust 63.7% growth in foreign inflows through international money transfer operators…
NGX lists Nigerian Breweries’ 20.7bn ordinary shares
Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange…
Mutual Funds Surge to N3.75trn as Start-up Investments Plunge
Nigerian investors have significantly increased their interest in Mutual Funds, with the total Net Asset Value…
Expert forecasts 63% growth in the service sector’s GDP contribution in 2025
Dr. Alban Igwe, a logistics expert and former Vice President of the Chartered Institute of Logistics and…
NGX launches equity-based commodity index, hints on rebalancing
The Nigerian Exchange Limited (NGX) has launched a new Equity-Based Commodity Index aimed at tracking the…
Banks’ Credit to Private Sector Hits N76 Trillion as CBN Tightens Loan-to-Deposit…
In November 2024, credit to the private sector in Nigeria surged by 27.3% year-on-year, reaching N75.96 trillion,…
CBN Rules Out Further Naira Devaluation in 2025
The Central Bank of Nigeria (CBN) has reassured the public that it will not devalue the naira further in 2025,…
Pension Sector Thrives Amid 2024 Economic Challenges
The Nigerian pension sector demonstrated resilience in 2024, accumulating assets worth N21.9 trillion and…
Foreign transactions on NGX hit N785bn in 11 months –Report
Foreign transactions on the Nigerian Exchange Limited (NGX) reached N785.28 billion in the first 11 months of…
BMI Predicts Monetary Easing in Nigeria as Inflation Drops
BMI, the research arm of Fitch Solutions, anticipates a shift toward monetary easing in Nigeria and other…
Nigerian Equities Begin 2025 with Strong Gains as Investor Optimism Rises
The Nigerian stock market started 2025 on a bullish note, with the All-Share Index (ASI) climbing 1.42% to close…
Investor Concerns Persist Despite Stronger Market Regulations in Nigeria
Despite recent regulatory advancements, including the Investment and Securities Bill (ISB) 2024, investor…
Guinea Insurance Targets N1.75bn Premium Boost with Strategic Vision
Guinea Insurance has announced a projection of N1.75 billion in gross premium written for the first quarter of…
Indonesia’s 2024 Budget Deficit Lower Than Expected at 2.3% of GDP
Indonesia's unaudited budget deficit for 2024 stood at 507.8 trillion rupiah ($31.38 billion), or 2.29% of GDP,…
How Edun inspired over $10bn inflows into Nigeria
In 2024, Nigeria witnessed significant economic progress under Finance Minister Wale Edun, who facilitated $9.09…
FCMB Group Plc Announces Successful Completion Of Its Public Offer, Raises ₦147.5…
FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the…
CBN’s 2024 Agenda Focused on Combating Inflation and Driving Economic Reforms
In 2024, the Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, implemented bold monetary policies to…
CIS urges FG to leverage commodities ecosystem for GDP growth
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government (FG) to prioritize the development…
Banks’ capital adequacy ratio rose to 14% in Q3 –CBN
The Central Bank of Nigeria (CBN) reported that the banking sector's Capital Adequacy Ratio (CAR) rose to 14.01%…
AfDB’s SEFA Invests $20m in ARM-Harith, ACV Fund to drive sustainable…
The African Development Bank’s Sustainable Energy Fund for Africa (SEFA) has committed $20 million to drive…
Market Cap Adds N138bn Amid Demand for 54 Stocks
Ahead of the Christmas celebrations, the Nigerian Exchange Limited (NGX) started the week positively, with the…
Net Forex inflow rises 70% to $42 bn
Nigeria’s net foreign exchange inflows surged by 70.5% year-on-year (YoY) to $42.06 billion in the first nine…
The equities market gains N1trn as ASI crosses 100,000-point mark
The Nigerian equities market reached a significant milestone last week as the NGX All-Share Index (ASI) crossed…
Innovation Crucial for Addressing Nigeria’s Energy Challenges
Manufacturers in Nigeria's electrical and electronics sector have been urged to leverage innovation to address the…
Festivity and Energy Costs Expected to Drive Inflation Surge in December
Analysts predict that Nigeria's headline inflation will rise to 34.91% year-on-year in December due to seasonal…
Investors Gain Over N1 Trillion in Five Days as Nigerian Stock Market Surges
The Nigerian stock market witnessed a remarkable rally, with the All Share Index (ASI) recording a 35.2%…