The Securities and Exchange Commission (SEC) has officially announced that the Nigerian capital market will adopt a T+2 settlement cycle for all equities transactions, starting November 28, 2025. This marks …
Banking, Finance & Investment
-
EconomyFinance & ServicesGlobal NewsINVESTMENTMarketsSecurity
-
Business and EconomyEconomyFinance & ServicesINVESTMENTMarketsNigeria
Nigerian Stock Market Soars with N1.16tn Gain as Investors Position Ahead of Eid-el-Kabir
The Nigerian equities market closed on a high note on Thursday as investors celebrated a massive ₦1.16 trillion gain in market capitalisation, the largest single-day profit recorded in recent weeks. …
-
DevelopmentEconomyGOVERNMENTInfrastructureINVESTMENTNigeriaPoliticsTransportation & Logisitics
Tinubu Inaugurates Lekki-Epe Deep Seaport Road
President Bola Ahmed Tinubu on Thursday inaugurated the newly reconstructed Lekki-Epe Deep Seaport road in Lagos State, commending stakeholders for their contributions and reiterating his administration’s focus on delivering transformative …
-
Business and EconomyEconomyEnergyInfrastructureInternational RelationsINVESTMENTNigeriaTrade and Commerce
US Replaces Aid with $13bn Investment in Nigeria, Targets Agriculture, Tech, and Infrastructure for Economic Growth
The United States Ambassador to Nigeria, Richard Mills Jr., has announced a strategic shift in U.S. engagement with Nigeria and sub-Saharan Africa, moving from traditional aid to a focus on …
-
EconomyFinance & ServicesINVESTMENTPoliciesSouth Africa
S&P Says South Africa Needs Better Growth and Discipline to Get Credit Upgrade
South Africa must grow its economy faster and manage its public finances better if it hopes to receive its first credit rating upgrade in over 20 years, according to S&P …
-
Banking, Finance & InvestmentDevelopmentEconomyFinance & ServicesGhanaMALAWIZAMBIA
Fitch Downgrades Afreximbank Credit Rating to BBB-, Flags High Risks and Weak Transparency
Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …
-
Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInsuranceNigeriaPolicies
NDIC Calls for Public Feedback on Global Deposit Insurance Review
The Nigeria Deposit Insurance Corporation (NDIC) has called on financial sector players, regulators, and members of the public to contribute their views on the ongoing review of the Core Principles …
-
EducationFinance & ServicesGOVERNMENTINVESTMENTNigeria
Cordros Asset Management Rewards Lagos Students with Cash Prizes in Financial Literacy Debate
Cordros Asset Management has successfully concluded the fourth edition of its annual financial literacy debate, a competition aimed at empowering Nigerian secondary school students with practical investment knowledge and early …
-
Banking, Finance & InvestmentEconomyNigeriaStanbic IBTCTelecommunications
Telcos Disagree with Banks Over USSD Airtime Billing Claims
Confusion has trailed the planned migration to end-user billing for Unstructured Supplementary Service Data (USSD) as telecommunications operators in Nigeria have faulted the claims by some Deposit Money Banks (DMBs) …
-
Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsPolicies
CBN Silent as Recapitalisation Deadline for BDCs Elapses
The Central Bank of Nigeria (CBN) is yet to speak on the next steps regarding the planned recapitalisation of Bureau De Change (BDC) operators, even as the official deadline of …