Capital market

The Central Bank of Nigeria (CBN) has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until December 31, 2025, following low compliance and concerns over widespread industry fallout. BDCs are licensed currency exchange firms that

By Grace Alegba The Naira further appreciated on Thursday, trading at N1,553.11 against the dollar in the official foreign exchange market. Data from the Central Bank of Nigeria showed the Naira gained N12.35, representing a 0.79 per cent appreciation when

By Elvis Eromosele In the first quarter of 2025, a curious paradox is playing out across Nigeria’s economic landscape. Discerning observers will notice that the nation’s economic landscape tells a story of stark contrasts. On the one hand, households groan

By Mike Abbah Foreign portfolio investment into Nigeria’s equities market fell sharply by 92.39% in April 2025, as inflows dropped to N26.64 billion, compared to N349.97 billion recorded in March. The significant decline, driven largely by the absence of block trades

In a significant development for Nigeria’s economy, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has announced that the naira has become more competitive, reflecting its real value and attracting increased foreign investment.  This statement underscores the positive impact of recent

Mike Abbah The Nigerian Exchange Limited has reported a significant 118.95% month-on-month increase in total transactions on its bourse, driven by a surge in foreign portfolio investments. This was revealed in the March 2025 Foreign Portfolio Investment Report, recently published by

By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) on Tuesday transacted 733.05 million shares worth N35.288 billion in 16,619 transactions. This is in contrast with 500.59 million shares worth N12.110 billion that were traded in 17,637 deals earlier. Meanwhile, transactions in the

By Grace Alegba The Naira closed stronger on Friday in the official market, trading at N1,599.55 to the Dollar, ending a week marked by fluctuations. This recovery follows a period of instability, with the local currency experiencing several days of

The Presidency says the Tax Reforms Bill, when passed, will make housing more affordable and available to Nigerians by reducing the tax burden on the construction and real estate sectors The Chairman of the Presidential Fiscal Policy and Tax Reforms, Mr

By Taiye Olayemi The Securities and Exchange Commission (SEC) has called for joint efforts to drive transformational financial markets across Africa and the Middle East. The Director-General of SEC, Dr Emomotimi Agama, made the call at the 2025 Africa and Middle