Foreign portfolio investment in the stock market rises 180.9%
Foreign Portfolio Investments (FPIs) in the Nigerian stock market surged by 180.95% in the first ten months of…
UBA donates N500m to Lagos security trust fund
The United Bank for Africa (UBA), through its corporate social responsibility arm, UBA Foundation, has donated…
Africa Faces $74 Billion Debt Servicing Challenge in 2024 – AfDB
African nations, including Nigeria, require approximately $74 billion for debt servicing in 2024, highlighting the…
Stock Market Gains N330.24bn on Strong Demand for Aradel Holdings and Others
The Nigerian stock market kicked off the week on a positive note, driven by a surge in investor interest for…
Nigeria’s exports to ECOWAS hit N1.5tn – NBS
Nigeria's exports to the Economic Community of West African States (ECOWAS) surged to N1.54 trillion in the third…
W’Bank plans $1.65bn loans for Nigeria next year
The World Bank plans to approve three major loans for Nigeria in 2025, totaling $1.65 billion, aimed at addressing…
2025 Budget: N13trn Deficit To Be Financed Through Borrowing – Finance Minister
The Federal Executive Council (FEC) has approved Nigeria's 2025 budget, which projects a deficit of N13.1…
Sterling Bank honored for advancing tourism, transportation
Sterling Bank has been named the “Outstanding Banking Partner for Tourism and Transportation of the Year” by the…
CBN’s Market Discipline Boosts Banking Efficiency and Transparency
The Central Bank of Nigeria (CBN) has intensified efforts to enhance banking efficiency and transparency through…
Fitch predicts tough 2025 for Nigerian banks, others
Fitch Ratings has projected a challenging year ahead for African banks, including Nigerian financial institutions,…
Naira appreciates to N1,660/$ in parallel market
The Naira appreciated in the parallel market yesterday, trading at N1,660 per dollar, a slight improvement from…
NIPC seeks partnerships to attract, retain investments
The Nigerian Investment Promotion Commission (NIPC) has reinforced its commitment to driving economic growth by…
How N239.4bn Rights Issue will contribute to UBA’s growth – Elumelu
The United Bank for Africa (UBA) is undertaking a N239.4 billion Rights Issue to fund digital transformation and…
Equity market gains N704bn
The Nigerian equity market soared by N704bn over six days, pushing the market capitalization above N60tn. At…
FG, World Bank invest $600m on rural roads
The Federal Government of Nigeria, in collaboration with the World Bank, has earmarked $600 million to…
FCMB Hackathon: Startups Work on Solutions for Livestock Mortality and Financial…
For conceptualising and developing actionable solutions to bridge gaps in Nigeria’s agribusiness ecosystem,…
Court orders Radix Pension to pay ex-MD N57m, $21,000+
The National Industrial Court in Lagos has ruled in favor of Kunle Adeboye, a former Managing Director of Radix…
Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry
MicroStrategy’s shares surged 4% in premarket trading as the company prepared to join the Nasdaq 100 index, a…
FG issues N1.1trn Sovereign Sukuk for 124 road projects across Nigeria
The Securities and Exchange Commission (SEC) has announced that the Nigerian government has issued six Sovereign…
BUA Group donates N2bn for reconstruction of collapsed Zaria mosque
The Emir of Zazzau in Kaduna, Ambassador Ahmad Nuhu Bamalli, has praised Alh Abdulsamad Rabiu, the Chairman of BUA…
Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments…
UBA Raises N239.4bn to Strengthen Lending and Global Expansion
United Bank for Africa (UBA) is set to raise N239.4 billion through a rights issue to support its growth and…
PalmPay Partners Jumia to Boost Payment Transaction
PalmPay, a leading fintech company in Nigeria, has partnered with e-commerce platform Jumia to improve the payment…
Currency Outside Banks Now N4.29tn, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to N4.29 trillion in October 2024, accounting for 94.2% of the total…
High currency in circulation fails to tame cash scarcity
Cash scarcity continues to trouble Nigerians despite the Central Bank of Nigeria (CBN) reporting a record high of…
Nigeria excluded from the $1bn OPEC fund for development financing
Nigeria, Africa’s largest oil producer, was conspicuously absent from the list of beneficiaries of nearly $1…
Equities market gains 1.19%, ASI nears 100,000-point mark
The Nigerian equities market ended the week of November 13, 2024, on a note, with the NGX All-Share Index (ASI)…
NGX slams 3,792 sanctions on erring brokers
The Nigerian Exchange Group (NGX) has imposed 3,792 regulatory sanctions on trading license holders over the past…
Capital Express unveils insurance group
Capital Express Group has officially unveiled its insurance arm, comprising two rebranded entities: Capital…
Stock market sustains positive trend amid portfolio repositioning
The Nigerian stock market extended its bullish run last week, driven by increased investor confidence and seasonal…