Economy & Market
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1.5KNigeria Faces Remittance Strain as UK Borrowing Costs Hit 27-Year High
Nigeria may see a slowdown in remittance inflows from the United Kingdom as its borrowing costs have climbed to their highest level...
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1.5KBonds Extend Their Slide, Asian Equities Retreat
Japanese bonds joined a global debt slump as a rush of corporate-debt sales and concerns over developed-world budgets dragged down European fixed-income...
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1.4KStock Market Continues Bearish Momentum as ASI Down 0.70%
EQUITIES The Nigerian equities market traded on a negative note as selloffs in WAPCO (-9.9%) and TRANSCORP (-4.3%) drove the All-Share Index...
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108CBN Cracks Down on Criminal Networks with PoS Geo-Tagging Order
Last week, the Central Bank of Nigeria (CBN) rolled out a new directive requiring all Point of Sale (PoS) terminals across the...
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1.5KSurvival Pressure Rises on Tier-2 Banks as Recapitalisation Deadline Nears
Nigeria’s Tier-2 (mid-tier) banks are scrambling to shore up their balance sheets as the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation...
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1.5KNGX Suspends Three Insurance Firms for Missing Audits
The Nigerian Exchange Limited has suspended trading in the shares of three listed insurance companies for failing to file their audited financial...
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1.5KStocks Cautious Before US Return, Gold Hits Record
Stocks treaded water as traders awaited Wall Street’s reopening after the long weekend for direction in what is historically the weakest month...
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1.4KBearish Start to September as ASI Down 0.4%
EQUITIES The domestic equities market closed the first trading session of the week on a bearish note, as profit-taking activities in WAPCO...
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1.5KAsian Shares Dip After US Tech Rout, Alibaba Jumps
Asian equities fell after a tech selloff hit Wall Street Friday, with chip shares among the biggest losers. Hong Kong was an...
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1.5KNigeria, Brazil Central Banks Deepen Financial Ties
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil are moving to deepen financial and economic cooperation following high-level...
