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Investors Return Rise by N1.13trn as Stock Market Surge Further
In the second week of trading in 2025, Nigerian stock market investors experienced a significant surge, in market…
CBN unveils diaspora-friendly accounts to boost investments
The Central Bank of Nigeria (CBN) has introduced two new accounts designed to attract investments from Nigerians…
Nigerian Firms Shortlisted in UNDP’s Africa’s 15 Startups for Next HealthTech…
The United Nations Development Programme (UNDP) Africa, has unveiled 15 groundbreaking startups for its HealthTech…
FG sets up a special unit as implementation of LGA financial autonomy begins
The Federal Government of Nigeria, through the Office of the Accountant-General of the Federation (OAGF), has set…
Experts project 3.5% economic growth for Nigeria in 2025
Experts forecast Nigeria's economy to grow by 3.5% year-on-year in 2025, a slight improvement from the estimated…
NGX hauls N12.2trn from bonds, listings in 2024
The Nigerian Exchange Limited (NGX) achieved a remarkable milestone in 2024, recording N12.17 trillion from…
GTCO’s N400.5bn Public Offer Falls Short by 48%
Guaranty Trust Holding Company Plc (GTCO) has revealed that its N400.5 billion public offer was undersubscribed by…
The oil and gas sector received 31.1% of banks’ credit allocation in Q3 2024 –CBN
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from…
NAHCO Appoints Olumuyiwa Olumekun as GMD/CEO Following Gupta’s Retirement
The Nigerian Aviation Handling Company PLC (NAHCO) has named Mr. Olumuyiwa Olumekun as its new Group Managing…
CBN expected to hold MPR for most of 2025
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely…
Nigeria secured $7.6bn investments at Africa forum – Adesina
Nigeria has attracted $7.6 billion in investment commitments at the Africa Investment Forum 2024, held in Rabat,…
Nigerian Stocks Surge by N1.14tn as Trend Lifts Market
The Nigerian Exchange Limited (NGX) closed on a bullish note last week, delivering a significant gain of N1.14tn.…
Recapitalization and Regulatory Shifts Reshape Nigerian Banking Sector in 2024
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria's (CBN)…
Lagos Speaker Faces Alleged Financial Mismanagement Scandal
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, is facing renewed allegations of financial…
Guinea Insurance Targets N1.75bn Gross Premium Written in Q1 2025
Guinea Insurance has projected a gross premium written (GPW) of N1.75 billion for the first quarter of 2025,…
Inflation and Naira Stabilisation Expected in 2025
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for…
Bonds under pressure as stocks tumble amid UK gilt worries and US policy…
Global financial markets faced turbulence as bond yields soared and stocks fell, driven by concerns over rising…
Telecom tariff hike imminent – FG
The Federal Government has announced plans to increase telecommunication tariffs, though not as high as the 100…
Micro Pension Plan Struggles to Gain Traction Despite Policy Efforts
Five years after its launch in 2019, Nigeria’s Micro Pension Plan (MPP) remains underwhelming in its adoption,…
Naira down to N1,655/$ in parallel market
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the…
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,…