CBN Cuts Benchmark Rate to 23% as Borrowers Get Relief and Naira Faces Fresh Test
The Central Bank of Nigeria has cut its benchmark interest rate by 350 basis points to 23%, giving businesses and ...
Tag: Foreign Portfolio Investment
FirstHoldCo Joins FTSE Frontier 50
FirstHoldCo Plc is set to join the FTSE Frontier 50 Index on Monday, 21 September 2026, as Nigeria prepares to ...
Nigeria Stocks Extend Rally as Banking Gains Lift Market Capitalisation to Nearly ₦160tn
Nigeria's equities market has extended one of its strongest rallies in recent years, with the Nigerian Exchange (NGX) approaching ₦160 ...
Nigeria’s External Reserves Rise to 17-Year High of $51.86 Billion, Exceed CBN’s 2026 Forecast
Nigeria's gross external reserves climbed to $51.86 billion as of July 14, 2026, their highest level in more than 17 ...
Foreign Capital Inflows to Nigeria Surge 84% to $10.37 Billion in Q1 2026
Nigeria recorded a sharp increase in foreign capital inflows during the first quarter of 2026, with total inflows rising 84% ...
Stable Naira Quietly Reshapes Nigeria’s Economy
For much of the past decade, the Nigerian Naira was a byword for volatility, a currency hedge funds shorted on ...
Nigeria’s Stock Market Crosses N150trn as Bull Run Continues
Nigeria’s equity market valuation has crossed the N150 trillion mark, driven by sustained investor appetite and strong corporate earnings, extending ...
FTSE Russell Upgrades Nigeria to Frontier Market Status
FTSE Russell has upgraded Nigeria back to Frontier Market status in its latest Equity Country Classification Review, marking a key ...
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