Cascador has announced a partnership with Sterling Bank to launch new debt funding model to unlock growth for Africa’s most promising ventures. According to a statement from the company, backed by a $2m Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt […]
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CSCS Launches USSD Code To Boost Investments
Central Securities Clearing System Plc (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025. The USSD code service is a solution designed to enhance the ease and accessibility of investment services for all users. […]
Ekiti State, CIS To Partner On Financial Intelligence Training
The Ekiti State Government and Chartered Institute of Stockbrokers (CIS) have agreed to collaborate in capacity building on financial intelligence for top-level government officials in line with the Institute’s financial literacy programme. Besides, plans are underway to introduce Bachelor Degree Programme in Securities and Investment at Ekiti State […]
Onyema Urges Collaboration For Stronger Aviation Security Framework
Chairman of Air Peace Airline, Dr. Allen Onyema, has called for enhanced collaboration across all stakeholders in Nigeria’s aviation sector to build a more robust and adaptive aviation security framework amid growing global threats. Speaking at a symposium organized by the Nigeria Civil Aviation Authority (NCAA) on the […]
ITMB Secures Two-Year Extension To Meet Free Float Requirement
Infinity Trust Mortgage Bank (ITMB) Plc has received a two-year extension from NGX Regulation Limited (NGX RegCo) to meet the Free Float requirement stipulated for companies listed on the Main Board of the Nigerian Exchange Limited (NGX). In a formal disclosure to the NGX and the investing […]
SEC Urges Nigerians To Report Any Suspected Illegal Investment Scheme
The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. The Commission said this in a notice issued on Thursday to the investing public warning that ponzi investment schemes posed great danger […]
Tariff Pressures To Push Global Public Debt Past Pandemic Levels-IMF ….. Sees Global Public Debt At Nearly 100% Of GDP by 2030
Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100 per cent of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s […]
DMO Offers N350bn FGN Bonds for Auction
The Debt Management Office (DMO) has announced plans to re-open two Federal Government of Nigeria (FGN) bonds worth N350 billion for public auction, scheduled for April 28, 2025, with settlement on April 30, 2025. The offer, which forms part of the federal government’s domestic borrowing strategy, will […]
Nigeria’s Currency in Circulation Falls ₦240bn in Q1’2025
Nigeria’s currency in circulation (CIC) declined by ₦240bn in the first quarter of 2025, according to newly released data from the Central Bank of Nigeria (CBN), reflecting a 4.58 per cent contraction over the three-month period. The report, published by the apex bank, shows that the total currency […]
IMF Cuts Global Growth Forecast for 2025 to 2.8% Amid Rising Trade Tensions
The International Monetary Fund (IMF) has lowered its global economic growth forecast for 2025 to 2.8 per cent, citing escalating trade tensions and growing policy uncertainty triggered by sweeping new U.S. tariffs. The revised figure represents a 0.5 percentage point downgrade from its January 2025 projection and […]