Nigerian Banks Record N140.97 Trillion in Customer Deposits for 2024, Marking 51% Growth
Nigerian banks’ deposits have surged 51% in 2024, reflecting increased public trust amidst high inflation and naira devaluation.
Markets
Tinubu’s Reforms Restore Investor Confidence, Stabilise FX Market, Says Finance Minister Edun
Finance Minister Edun and CBN Governor Cardoso has declared Nigeria’s economy stable, with inflation easing and investor confidence rebounding strongly.
Nigeria to Launch National Agribusiness Policy Mechanism to Stabilise Prices
Nigeria is launching the National Agribusiness Policy Mechanism to strengthen agricultural productivity, stabilise food prices, and drive growth.
Soludo Government Takes Anti-Drug Campaign to Cattle Market in Anambra
Anambra State government has launched a drug abuse campaign at Amansea Cattle Market to sensitise young people.
UBA Chairman Elumelu Assures Shareholders of Meeting CBN’s N500 Billion Capital Base by Q3 2025
UBA Chairman Elumelu has assured shareholders that the bank will meet the CBN’s N500 billion capital base by Q3.
Air Peace Resumes Flight Operations as NIMET Suspends Strike
Air Peace thanks passengers for patience as they resume operations after NIMET and aviation unions suspended industrial action.
Nigeria’s online source for up-to-date information on what the stock markets are doing today. ARISE News brings you world stock market coverage along with breaking news, data analysis and comment. Whether you are at home or overseas you can rely on our coverage.
Commodities and Futures
The last couple of years have seen several agricultural products rise in importance in the Nigerian economy and cocoa beans, sesame, cashew and rice are all ones to watch this year. As well as the traditional oil. Experts will also be keeping a keen eye on the growing rise in fertillizers.
World Bank: Nigeria, Sub-Saharan Africa to Pay $20bn Debt Interest in 2025
Sub-Saharan Africa, including Nigeria, will pay $20bn in debt interest in 2025, largely owed to private creditors, World Bank Says.
CDS to Troops: You Must Keep Fit to Defeat Terrorism, Banditry, Other Emerging Threats
CDS Chief General Musa has said military personnel must stay fit to tackle terrorism and Nigeria’s security threats
Heavy Rainstorm Destroys Properties worth Several Millions of Naira at NYSC Orientation Camp in Kwara
A heavy rainstorm has destroyed key facilities at Kwara State’s NYSC Orientation camp, leaving corps members stranded and homeless.
Commodities
We watch the commodities market closely to keep you informed with the very latest information on global movements in oil, natural gas, precious and industrial metals, sugar and other agricultural products amongst others.
Currencies and Forex
Whether you are at home or part of the successful Nigerian diaspora, this is a market to keep a close watch on. ARISE News brings you the latest on the most important global currencies as well as latest news and comment on the growing strength of the Naira.
NYSE
The world’s largest stock exchange. Technology is now at the heart of the NYSE, which prides itself as the market for innovation, with an average of 2.4 billion shares exchanging hands every day. With it’s famous trading floor and opening and closing bell, it is now the only in-person trading venue for global equities exchange.
NASDAQ
The largest electronic stock market in the world and second largest in terms of securities’ values. One to watch for energy, finance, healthcare, technology and transportation as well as being well-known for high-tech stocks. Using the NASDAQ Composite Index to measure the change in the over 3,000 stocks traded on NASDAQ. Look out for the likes of Apple, Microsoft and Amazon.
FTSE
The FTSE 100, colloquially known as the ‘Footsie’, is an index made up of share of the 100 largest companies on the London Stock Exchange (LSE). Historical ties between our nation and the UK make it a popular choice for many Nigerian investors wishing to invest in established companies such as Barclays, HSBC, BP and BAE. As well as the wildly successful younger companies such as AstraZeneca.
JSE
The largest stock exchange in Africa, it has come along way from its roots in the South African Gold Rush, having been established in 1887. The natural home for African investors, we watch with excitement as we see the rise in stocks such as Master Drilling Group, Sentova Ltd and Novus Holdings Ltd.
