BusinessTech Nigeria

Nigeria Should Deepen FX Derivatives Before the Next Market Shock, FMDQ CEO Zeal Akaraiwe Urges Naira Hedging Push

October 9, 2026 by Grey Bien

Zeal Akaraiwe, Managing Director and Chief Executive of FMDQ Group, has told regulators and market institutions to build deeper hedging markets now, while the naira is relatively steady, instead of waiting for another shock to force their hand.Nigeria’s foreign exchange market is calm, and the head of its biggest financial market infrastructure group thinks that … Read more

Central Bank(CBN) Governor Cardoso: Nigeria’s Net Foreign Reserves Hit Record $46 Billion as Gross Reserves Reach $55 Billion

October 9, 2026 by Grey Bien

Nigeria’s central bank has put a fresh number on how far the country’s external finances have recovered. Governor Olayemi Cardoso said on Thursday that net foreign reserves have climbed to $46 billion, while gross reserves have reached an all-time high of $55 billion. He made the disclosure at the Nigeria-Asia Connectivity Dialogue, and he linked … Read more

World Bank Nigeria Development Update: State Revenues Jump 93% in Real Terms, but Education’s Share of Spending Slips to 12.1%

October 9, 2026 by Grey Bien

Nigeria’s 36 states have never had so much money to spend, and the World Bank says they are not putting enough of it into classrooms. In its latest Nigeria Development Update, the bank reported that aggregate state revenue rose by about 93 percent in real terms between 2023 and 2025, while education’s share of total … Read more

Stocks End Mixed as Treasury Yields Rocket to a 19-Year High on Surging Oil Prices

September 25, 2026 by Adeoti Malik

Stocks End Mixed as Treasury Yields Rocket to a 19-Year High on Surging Oil Prices Wall Street closed out Thursday in a holding pattern rather than a clean win or loss, even as bond markets around the world were anything but calm. The S&P 500 slipped a razor-thin 0.02 percent, the Dow Jones Industrial Average … Read more

Federal Reserve Raises Interest Rates for First Time Since 2023, Citing Elevated Inflation

September 17, 2026 by Adeoti Malik

Federal Reserve Raises Interest Rates for First Time Since 2023, Citing Elevated Inflation The Federal Reserve reversed course on interest rates Wednesday, raising its benchmark federal funds rate for the first time in more than three years as policymakers moved to address inflation that’s proven stickier than expected, driven in part by rising oil prices. … Read more

Nigeria’s Central Bank Expected to Resume Interest Rate Cuts Next Week

September 17, 2026 by Adeoti Malik

Nigeria’s Central Bank Expected to Resume Interest Rate Cuts Next Week as Inflation Cools and Naira Strengthens Nigeria’s central bank looks set to restart its easing cycle when its Monetary Policy Committee meets next week, according to a new analysis from Bank of America, which points to a combination of slowing inflation and a steadier … Read more

AirBaltic Bond Yields Soar to Record Highs Ahead of €257 Million Debt Restructuring Vote

September 10, 2026 by Adeoti Malik

AirBaltic Bond Yields Soar to Record Highs Ahead of €257 Million Debt Restructuring Vote Bond investors are bracing for a decisive moment in the airBaltic saga, and the market has already made its anxiety clear. Prices on the Latvian carrier’s €380 million bonds due 2029 collapsed to record lows on Wednesday, sending yields soaring as … Read more

Bernstein Sees Bitcoin Hitting $300,000 by 2029 as Wall Street Bets on the Bitcoin Price Prediction and Crypto Debasement Trade

August 27, 2026 by Grey Bien

Bitcoin could be heading for another major rally over the next few years, according to Bernstein, which now expects the world’s largest cryptocurrency to reach approximately $300,000 at the peak of its next major market cycle in 2029. The latest Bernstein Bitcoin price prediction, outlined in a research note led by analyst Gautam Chhugani, places … Read more

Silver Price Today: Spot Silver Holds Near $69 as Rally Extends on Thursday, August 27, 2026

August 27, 2026 by Grey Bien

Silver is trading in rarefied territory again this week, and Thursday’s session gave investors another reason to pay attention. Silver rose to $69.34 per troy ounce on August 27, 2026, up 1.82% from the previous day, extending a run that has turned the metal into one of the most talked-about assets in commodities markets this … Read more

Deutsche Bank’s €500 million buyback to begin on Tuesday

August 25, 2026 by Grey Bien

Deutsche Bank’s €500 million buyback to begin on Tuesday as record profits fuel shareholder returns Deutsche Bank is set to launch a new €500 million share buyback program on Tuesday, marking a milestone for Germany’s largest lender as it becomes the first repurchase in the bank’s history funded directly from the current year’s net income … Read more