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CATEGORY

Economics

Nigeria’s Local Bonds Join $328 Billion JPMorgan Frontier Index With 7.4% Weight

Nigeria has been assigned a 7.4% weight in JPMorgan Chase & Co.’s new GBI-EM Edge index, offering the country a fresh route back into...

Carry Trade Remains Intact as FPIs Inflow $18 Billion Into Nigerian OMO Assets

Total Foreign Portfolio Investors (FPI) holdings in Open Market Operations (OMO) bills is currently estimated between $18.0 billion and $20.0 billion (excluding private placement...

CBN Throws Open OMO Auctions to Retail Investors, Eases Discount Window Access and Revives Repo Market in Liquidity Overhaul

The Central Bank of Nigeria (CBN) unveiled a sweeping overhaul of its liquidity management framework on Wednesday, removing longstanding penalties on banks that tap...

CBN 2025 Group Profit Triples to ₦136.4 Billion as Balance Sheet Swells to ₦138.9 Trillion

The Central Bank of Nigeria's (CBN) freshly released 2025 annual report shows Group profit for the year came in at ₦136.44 billion, more than...

Naira’s Collapse Erased $2.7 Billion From Nigeria’s Top Five Banks Since 2014 — FirstRand Gained $9 Billion

Currency depreciation has done more damage to Nigerian bank valuations, in dollar terms, than any operational shortfall. The combined market capitalization of Nigeria’s top five...

Nigeria High-Yield Regime Locked in as Government Supply Dominates Fixed Income

The decision by the Monetary Policy Committee (MPC) to hold the Monetary Policy Rate (MPR) at 26.50% and keep all cash reserve ratios unchanged...

Nigeria Draws First Tranche of $5 Billion Swap With UAE’s First Abu Dhabi Bank

Nigeria has accessed the first tranche of a $5 billion derivatives deal with United Arab Emirates’ largest lender, pressing ahead with a transaction that...

Nigeria Tax Revenue Jumps 49% to ₦15.8 Trillion on Sweeping Overhaul, Oil Windfalls

Nigeria's revenue surged 49% in the first five months of the year, exceeding government projections as an overhaul of the tax system and new...

Afreximbank Warns Raw Material Exports Leave Africa Exposed to Global Shocks

The African Export-Import Bank (Afreximbank) has released Volume 10, Issue 1 of its Trade and Development Finance Brief, titled "Africa's Trade and Investment Landscape,"...

IMF Flags Risks as Nigeria Sweeps 60% of Sub-Saharan Africa’s Stablecoin Inflows

The International Monetary Fund (IMF) has issued a stark warning regarding the structural transformation of West Africa's financial boundaries, regarding stablecoins. In a detailed country...

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