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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%…
Net forex inflow fell to $14bn in Q3 – CBN
The Central Bank of Nigeria (CBN) reported a 2.97% decline in net foreign exchange inflow in Q3 2024, totaling…
FG Restate Commitment to Digitisation of Livestock Sector
The federal government has reaffirmed its commitment to leveraging innovative technology for sustainable…
Macro Economic Challenges Thrust 12 Banks’ Operating Expenses to N5.18tn
Twelve Nigerian banks listed on the Nigerian Exchange Limited (NGX) reported a combined operating expense of N5.18…
PenCom, finance ministry working to pay retirees – DG
The National Pension Commission (PenCom) is partnering with the Ministry of Finance to address delays in retirees’…
FCMB Group Shareholders Approve N340 Billion Capital Raise
FCMB Group Plc has secured shareholder approval to raise N340 billion in capital to strengthen its banking…
Naira rebound seen in 2025 on higher FX inflows
The naira is expected to recover in 2025, driven by increased foreign exchange inflows, reduced petrol and food…
Sterling Bank champions African Cinema at 2024 S16 Film Festival
Sterling Bank has underscored its commitment to Africa's creative economy by sponsoring the 2024 S16 Film…
Lagos State partners with Access Bank to develop 704 housing units
The Lagos State government and Access Bank have signed an MoU to build 704 two-bedroom apartments in Odo-Nla,…
ICPC Recovers N30 Billion and $966900 in Cash Over One Year
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) announced the recovery of N29.7…
UBA donates N500m to Lagos security trust fund
The United Bank for Africa (UBA), through its corporate social responsibility arm, UBA Foundation, has donated…