W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
139 million Nigerians living in poverty despite reform gains — World Bank
By Emma Ujah, Abuja Bureau Chief The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates show that about 139 million Nigerians are living in poverty. Country Director for Nigeria, Mathew Verghis, made the appeal on Wednesday […]
CIS conference to champion youth, innovation, sustainable growth in capital market
Digital disruption, ethical governance, and inclusive finance will drive conversations as the Chartered Institute of Stockbrokers (CIS) hosts its 2025 Annual Stockbrokers’ Conference in Abuja, a pivotal gathering designed to shape the future of Nigeria’s capital market through innovation, integrity, and inclusivity.
Nigeria added to FTSE Russell watch list for potential frontier market return
By Peter Egwuatu Nigeria’s economic and market reforms have gained global momentum as FTSE Russell announced the inclusion of the country on its Watch List for possible reclassification from unclassified to frontier market status. The announcement, published in the FTSE Equity Country Classification Annual Review 2025, follows confirmation from market participants that the foreign exchange backlogs […]
S&P 500, Nasdaq bounce back after prior day’s losses
Wall Street stocks mostly rose early Wednesday, bouncing back after the prior session’s losses amid bullish investment sentiment in spite of the US government shutdown.
Non-Interest Capital Market now worth N1.6trn — SEC
The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest capital market has grown to N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical finance. Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in Abuja during a press briefing ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled for […]
