Bitcoin Faces Volatility as Traders Hedge Against Decline
Bitcoin's recent failure to surpass the $100,000 milestone has prompted a wave of caution among investors,…
CBN Raises N11.29trn Via NTBs as 364-Day Yield Hit 23.5%
In 2024, the Central Bank of Nigeria (CBN) successfully raised N11.29 trillion through Nigerian Treasury Bills…
Euro’s bruising leaves global investors on edge
The euro has dropped by over 3% against the U.S. dollar in November, heading toward its worst month since early…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets,…
Equity market loses N185bn in one week
The Nigerian equity market experienced a decline of N185bn last week as the All-Share Index dropped by 0.33%,…
CBN Launches New User-Friendly Website to Boost Transparency
The Central Bank of Nigeria (CBN) has unveiled its newly redesigned website today, December 2, 2024. According to…
SEC flags Marino FX as illegal crypto exchange
The Securities and Exchange Commission (SEC) has discredited Marino FX Limited, a company falsely claiming to be…
Equities market dips as investor sentiment wanes
The Nigerian equities market closed on November cautiously, with the NGX All-Share Index (ASI) dipping by 0.33% to…
Innovative Financing Crucial to Africa’s Maritime Growth Says NIMASA DG
Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has…
Nigerian Stock Market Declines Amid Mixed Sentiments and Sectoral Divergences
The Nigerian Exchange (NGX) All-Share Index dipped by 0.33% in the week ending November 29, 2024, closing at…
Stanbic IBTC Bank Launches Senior Citizens Account for Nigerians Aged 50 and Above
Stanbic IBTC Bank has introduced the Senior Citizens Account, a specialized banking service tailored for Nigerians…
Pension Administrators Crucial to Retirement Financial Security
Pension administrators play a pivotal role in securing the financial well-being of contributors under the…
Heirs Insurance Group calls for AI innovation to drive insurance growth in Africa
At the West African Insurance Companies Association Conference in Accra, Niyi Onifade, Sector Head of Heirs…
CBN hikes interest rate to 27.50% in fierce inflation fight
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50%, marking…
Government to Support Research and Technology for Health Transformation
The Nigerian government has reaffirmed its commitment to advancing universal health coverage (UHC) by prioritizing…
SEC: No investor will lose funds to fintech
The Securities and Exchange Commission (SEC) has reassured investors about the safety of their investments as…
Ecobank boosts construction sector with Design & Build expo
Ecobank Nigeria has launched its five-day Build and Design Expo to promote innovation and creativity within…
Naira appreciates to N1,755 per dollar in the parallel market
The naira appreciated in the parallel market on Tuesday, strengthening to N1,755 per dollar from Monday’s rate of…
Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Bitcoin recently reached a record high of $99,830 but fell 8% to $91,377, with investors now betting on further…
Delta State’s Strategic Investment in UTM FLNG: A Game-Changer
Delta State's acquisition of an 8% stake in the UTM Floating Liquefied Natural Gas (FLNG) plant is being hailed as…
CBN Implements $100,000 Minimum Trade for Banks in FX Market
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange trading through the…
Wema Bank’s Hackaholics 5.0 finalists battle for N75m prize
Wema Bank, renowned for its innovation in banking and creator of Africa's first fully digital bank, ALAT, has…
Expert Warns Against Further Tightening of Monetary Policy Rate
Economic expert Dr. Chijioke Ekechukwu has advised against further increases to Nigeria’s Monetary Policy Rate…
States failed to execute 40% of capital expenditure – Fitch
State governments in Nigeria fail to execute 40% of their capital expenditure (CAPEX) budgets, according to the…
Foreign Transactions Decline as Naira Weakens
Foreign investors are increasingly withdrawing from the Nigerian Exchange (NGX), with year-to-date foreign…
Nigerian Capital Market Raises N2.7tn to Boost Economy in 2024
The Securities and Exchange Commission (SEC) announced that banks and other companies raised ₦2.7 trillion from…
Dollar Climbs as Trump’s Tariff Threats Hammer European Stocks
The U.S. dollar surged on Tuesday, while European stocks suffered sharp declines. President-elect Donald Trump…
Services and Oil Drive Nigeria’s Economic Growth to 3.46% in Q3 2024
Nigeria’s economy grew by 3.46% year-on-year in the third quarter of 2024, outperforming the 2.54% growth recorded…
CBN extends BDCs’ recap deadline by six months
The Central Bank of Nigeria (CBN) has extended the recapitalization deadline for Bureau De Change (BDC) operators…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country's four government-owned refineries in…