For decades, Nigerians have leaned on one financial habit: saving. Whether through bank accounts, thrift contributions, or cooperative societies, the culture of putting money aside was seen as the safest …
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Business and EconomyCapital MarketFinanceFintechInflationInnovationINVESTMENT
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BankingBusinessCapital MarketEconomyFinanceINVESTMENT
NGX Group Reports N24bn Revenue in 2024 on Bank Recapitalisation and Big Listings
The Nigerian Exchange Group Plc (NGX Group) recorded revenue of N24 billion in the 2024 financial year, boosted mainly by the recapitalisation of Nigerian banks and a series of high-profile …
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EconomyFinance & ServicesGOVERNMENTINVESTMENT
DMO Opens Subscription for New FGN Savings Bonds at 16.121% and 17.121% Interest Amid Investor Caution
The Debt Management Office (DMO) has announced the opening of subscriptions for two Federal Government of Nigeria (FGN) Savings Bonds starting today, Monday, June 2, 2025. The retail-targeted bonds, priced …
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EconomyGOVERNMENTINVESTMENTMarkets
FG raises N4.3bn from May 2025 savings bonds as retail investors show strong interest
The Debt Management Office (DMO) has successfully raised a total of ₦4.3 billion from its May 2025 Federal Government Savings Bond offer, showing sustained interest from retail investors in low-risk …
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Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
NGX records 30% reduction in foreign inflows
Foreign inflow to Nigeria’s equities market fell by 29.66 per cent in February 2025, dropping to N18.05bn from N25.66bn recorded in January.This decline in foreign inflow, alongside a drop in …
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FGN savings bonds worth N2.1 billion were allotted to retail investors in the Nigerian capital market by the Debt Management Office (DMO). This information was disclosed by the debt office …