Lafarge WAPCO and Others Propel Equity Market with N136bn Gain
The Nigerian equity market recorded a significant boost on Tuesday, gaining N136 billion in market capitalization. The All-Share Index rose…
Year: 2024
CBN Refutes Allegations Of Withholding Foreign Currency Transfers
The Central Bank of Nigeria (CBN) has denied allegations that it withholds foreign currency transfers into Nigerians’ accounts. The bank…
NGX banking index records 17.4% year-to-date growth
The Nigerian Exchange Limited (NGX) banking index has shown a strong growth of 17.38% year-to-date, reflecting the increasing value of…
FBN Holdings Rebrands to First Holdco Plc
FBN Holdings Plc has officially rebranded to First Holdco Plc following shareholder approval at its 12th Annual General Meeting (AGM).…
Nigeria’s Investment Appetite Grows as Mutual Funds Rise 89.5% to N3.8trn
Nigerian investors’ preference for secure, high-yielding opportunities has driven the Net Asset Value (NAV) to N3.781 trillion in early November…
Investors’ Interest in Zenith Bank Boosts Nigerian Stock Market
The Nigerian stock market opened the week with a slight gain of 0.03%, fueled by renewed investor interest in Zenith…
Decline in Commercial Paper and Corporate Bond Issuances Amid Rising Borrowing Costs
In the first half of 2024, the Nigerian capital market saw a significant drop in commercial paper and corporate bond…
UK Urges Nigeria to Tackle Market Distortions by Government Agencies
The United Kingdom has called on Nigeria to accelerate its economic reforms, particularly by addressing market-distorting practices linked to state-owned…
Zenith Bank Tech Fair Showcases Future of Digital Finance and AI
The Fourth Edition of the Zenith Bank Tech Fair, themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives The…
Nigeria’s foreign debt servicing soars to N3.8trn in 8 months
Nigeria’s foreign debt servicing costs have risen sharply by 107.7%, reaching N3.8 trillion in just eight months, far exceeding the…
Nigeria’s Economy Stable and Ready for Investment
Nigeria’s Finance Minister, Wale Edun, has declared the country’s macroeconomic environment stable and conducive to investment. Speaking at the National…
Unity Bank Boosts Savings Culture with Financial Literacy App
Unity Bank Plc has unveiled plans to launch a financial literacy app targeted at children and teenagers to cultivate a…
Naira drops to 1690.37/$ as dollar supply falls
The naira fell 2.31% on Monday at the National Autonomous Foreign Exchange Market (NAFEM), closing at ₦1,690.37/$, down from ₦1,652.25/$…
Foreign inflow on NGX drops to N11bn
Foreign inflows into the Nigerian Exchange Limited (NGX) experienced a notable decline in September 2024, dropping to N11.26 billion, the…
Dangote Refinery signs 60 million litres weekly petrol deal with marketers
The Dangote Petroleum Refinery has finalized a major agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to supply…
Stanbic IBTC Capital Becomes Issuing House For N40bn Multi-Instrument Issuance Programme
Stanbic IBTC Capital Limited has been appointed as the lead issuing house for RMB Nigeria’s ₦40 billion multi-instrument issuance programme,…
UBA Achieves Record N2.4 Trillion Earnings in Q3 2024
United Bank for Africa (UBA) Plc has recorded a historic N2.4 trillion in gross earnings for the first nine months…
Stanbic IBTC Seeks to Increased Agriculture Funding
Stanbic IBTC Bank has reaffirmed its dedication to transforming Nigeria’s agricultural sector by improving access to finance, technology, and capacity…
African Experts Discuss Growth of Takaful and Non-Interest Finance
Finance experts from across Africa gathered in Lagos for the second African Takaful and Non-Interest Finance Conference, organized by Noor…
Access Bank Named Nigeria’s Sole Firm on Forbes 2024 World’s Best Employers List
Access Bank PLC has been recognized as the only Nigerian company on Forbes’ 2024 World’s Best Employers List, reflecting its…
Naira Volatility Deters South African Investors from Nigeria
South African investors are increasingly hesitant to explore Nigeria’s market potential due to the naira’s unpredictable devaluations. Between 2004 and…
Rising Inflation Concerns Amid Energy and Currency Pressures in Nigeria
Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.70% in September, driven by rising energy costs, and…
LAPO advocates financial inclusion for underserved communities
LAPO Microfinance Bank is championing financial inclusion across Nigeria, focusing on underserved communities. The institution highlighted its efforts in bridging…
Investors gain N295bn as stock market turns bullish
The Nigerian stock market rebounded strongly last week, with investors gaining N295 billion following two weeks of losses. The All-Share…
InfraCredit Secures $30m Co-financing Facility from BII to Support Renewable Energy Projects in Nigeria
InfraCredit has secured a $30 million investment from British International Investment (BII), the UK’s development finance institution, to support Nigeria’s…
Renewed Interest in UBA, Zenith Bank, 28 Others Lift Stock Market
The Nigerian Exchange Limited (NGX) closed positively on the previous trading day, recording a 0.16% gain, driven by renewed investor…
EFCC, NAICOM partner to boost insurance sector
The Economic and Financial Crimes Commission (EFCC), led by Chairman Mr. Ola Olukoyede, has pledged to enhance its efforts in…
Federal Government working on industrial relations policy
The Federal Government, through the Minister of Labour and Employment, Muhammadu Dingyadi, is developing a national policy on industrial relations…
Minister pledges support for indigenous tech firms
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has pledged government support for indigenous technology companies to help…
Nigeria’s Power Sector Set to Seek $10 Billion in Private Investment for 24-Hour Electricity Supply
The Nigerian government aims to bridge a $10 billion investment gap in the power sector through Public-Private Partnerships (PPP) over…