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Finance
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Sterling Financial Reports 31% Revenue Increase for First Half of 2026
Sterling Financial Holding Company Limited posted a 31.5 percent revenue growth to N279.6 billion for H1 2026, driven by higher interest income and expanded assets.
Investors shed N1.3 trillion as Nigerian stock market rally cools
A surge of profit-taking wiped out N1.261 trillion from the Nigerian stock market last week, marking a sharp reversal after a strong monthly performance in July.
US and Japan Join Forces to Stabilize Yen in Rare Intervention
Japan and the US have launched a rare joint intervention to bolster the yen, aiming to curb its decline and stabilize global market conditions.
Naira experiences mixed performance across official and parallel markets
The naira slipped to N1,415 per dollar in the parallel market while gaining ground in the official exchange sector.
Afreximbank finalizes US$190 million financing deal for Zimbabwe’s CBZ Bank
Afreximbank has provided US$190 million in financing to Zimbabwe’s CBZ Bank to support trade, small businesses, and energy sector stability.
Wilfred Obasi Joins TenTrade as Regional Director to Drive African Expansion
TenTrade has appointed industry veteran Wilfred Obasi as its new Regional Director for Africa to oversee commercial growth and expand the broker's presence across the continent.
Nigerian Exchange suffers N1.005 trillion valuation drop
The Nigerian stock market recorded a massive N1.005 trillion loss on Thursday, continuing its downward trend as 44 stocks declined amid increased trading volume.
Bridgforte Highlights Lagging Public Trust Amid Rapid Digital Finance Expansion
Bridgforte has launched a new governance framework and the Trust Lab to bridge the gap between rapidly expanding digital financial services and lagging public confidence.
ATM Transaction Values Surge by 208 Percent to N89 Trillion
ATM transactions saw a massive 208 percent jump to N89 trillion in 2025, driven by improved infrastructure and digital adoption, according to the Central Bank of Nigeria.
NGX experiences N648bn slump as previous gains vanish
The Nigerian stock market dropped on Wednesday, with investors shedding N648 billion in value, offsetting the gains observed in the previous session.