Private Sector Credit in Nigeria Surges to N77.9 Trillion in First Quarter of 2025
On May 30, 2025, the Central Bank of Nigeria (CBN) reported that private sector credit rose to N77.9 trillion in...
Grammarly Secures $1 Billion Non-Dilutive Financing from General Catalyst to Fuel AI Expansion
On May 29, 2025, Grammarly, a San Francisco-based AI-powered writing assistant, announced a $1 billion non-dilutive financing commitment from General...
FG’s Series VII Sukuk Achieves Record 735% Oversubscription, Raising N2.21 Trillion
On May 29, 2025, the Debt Management Office (DMO) announced that the Federal Government’s Series VII Sovereign Sukuk, offered at...
Nigeria Faces Tax Hikes on Alcohol, Tobacco, and Sugary Drinks to Unlock $750M World Bank Loan
As Nigeria grapples with economic challenges, the World Bank has tied the release of a $750 million loan to a...
Nigerian Banks Shine in 2024: Soaring Profits Amid High Rates and Strategic Growth
In 2024, Nigeria’s commercial banking sector delivered a stellar performance, riding a wave of high interest rates and strategic asset...
Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions
In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...
Nigerian Treasury Bills Market Stirs as OMO Maturities and Auctions Drive Action
The Nigerian Treasury Bills market began the week on a subdued note, with trading activity barely registering, particularly for long-tenor...
FGN Bond Market Treads Lightly Amid CBN Policy Stance and NTB Auction Focus
The Federal Government of Nigeria (FGN) bond market opened the week with a whisper, as cautious investors kept activity subdued...
Eurobond Market Wavers Amid U.S. Downgrade and OPEC+ Speculation
The Eurobond market kicked off the week on shaky ground, rattled by a rare U.S. government downgrade that sent ripples...
Bitcoin Soars to Record $112,000, Lifting Crypto Market to $3.6 Trillion
Bitcoin, the pioneering digital asset, surged to an all-time high of $112,000 on Thursday, May 22, 2025, entering a new...
Popular Story
CBN Offers ₦1.5 Trillion in OMO Bills as Banking Cash Stays Above ₦5.9 Trillion
NDIC Warns Failed-Bank Debtors Who Hide Assets and Stall Recovery
Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”
Musk’s Fortune Drops $53.9 Billion in a Week to $849.7 Billion
Access Holdings Weighs Foreign Exit as CBN’s 10% Overseas Cap Forces Hard Choices
