SEC to intensify monitoring of capital market operators – Agama
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to stricter monitoring of capital market operators to ensure compliance…
Category: Local
LCCI Urges Telecom Operators, Regulator to Improve Service Quality Amid Tariff Hike
The Lagos Chamber of Commerce and Industry (LCCI) has urged telecom operators and regulators to enhance service quality, especially as…
USSD debt: NCC, telcos rule out deadline extension for banks
The Nigerian Communications Commission (NCC) and telecommunications companies have refused to extend the deadline for banks to clear their Unstructured…
Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by…
CFG Report: Banks Charge High Lending Rates to Compensate for High Regulatory Reserve Requirements, Levies, Taxes
A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of holding…
Tax: UBA Hosts Knowledge Series for SMEs, Business Owners
United Bank for Africa (UBA) Plc is organizing a special Knowledge Series webinar to educate Small and Medium Enterprises (SMEs)…
FG Unveils 2025 Outlook for Economic Diversification and Prosperity
The Nigerian government, led by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, is prioritizing economic diversification to enhance…
SEC Warns Against Investing in Risevest and Stecs Cooperative Societies
The Securities and Exchange Commission (SEC) has issued a warning to the public, advising against engaging with Risevest (Victoria Island)…
PenCom releases additional N22bn for pension’s settlement
The National Pension Commission (PenCom) announced that the Office of the Accountant General of the Federation (OAGF) has released an…
Telcos await NCC guidelines on 50% tariff hike
Telecommunications operators in Nigeria are awaiting guidelines from the Nigerian Communications Commission (NCC) to implement a controversial 50% tariff hike.…
MTN, Transcorp Power Drive Stock Market Gains
The Nigerian stock market ended the week on a strong note, largely driven by increased demand for MTN Nigeria shares…
Forex spending on foreign education, health defy naira depreciation
Despite the sharp depreciation of the naira, Nigerians increased their spending on foreign education and healthcare by 26% in the…
Equity market gains N794bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index rising by 1.22% to 103,598.30 points and…
Telecom regulators hail Nigeria’s spectrum management initiatives
Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a model for regional growth…
Inflation rebasing drives N2.49trn T-bills oversubscription, expectations of rate cut
Nigeria’s one-year Treasury bill auction was oversubscribed by N2.49 trillion as investors rushed to lock in current yields ahead of…
Stanbic IBTC Allocates 27% of Rights Issue Proceeds to Support SMEs and Commercial Banking
Stanbic IBTC Holdings Plc has unveiled plans to invest 27% of the N148.71 billion raised from its ongoing rights issue…
Africa Rising as an Investment Hub Says Shettima
Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025 World Economic Forum in Davos,…
Net income of SFS REIT Fund hits 12-year high
SFS Real Estate Investment Trust Fund (SFS REIT Fund) achieved its highest net income in 12 years, recording a 51.2%…
50% telecom tariff hike sparks heated debate
The Nigerian Communications Commission’s (NCC) recent approval of a 50% increase in telecom tariffs has sparked widespread controversy, with telecom…
MTN Leads Market Rally as Investors Gain N471.37bn
Investors on the Nigerian Exchange experienced a significant boost on Tuesday, with a total market gain of N471.37bn, raising the…
Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn
Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN) securities, raising the total by 17.7% year-on-year…
Buy interest in Oando, 31 Others Lift Stock Market by 0.02%
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc…
Tinubu’s Economic Reforms Aiming for Long-Term Growth and Poverty Reduction
President Bola Ahmed Tinubu’s administration is stabilizing Nigeria’s economy through significant socio-economic reforms, focusing on critical infrastructure projects to drive…
Nigeria Seeks Global Mining Partnerships to Boost Economy
Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader efforts to strengthen…
Poor Network Services Frustrate Maiduguri Residents
Residents of Maiduguri, Borno State, are facing persistent challenges with mobile network services, particularly from major providers MTN and Airtel.…
Sokoto Strengthens Investment Drive with New Board Inauguration
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming his administration’s commitment to…
Weak Naira Attracted Tourists and Boosted Economy in December
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and spending in the country last December. Many…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing…
High Interest Rate: Manufacturers cut back on bank loans
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank loans, marking the…