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The Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola said that gender equity has evolved from a moral obligation to a strategic driver of governance, profitability, and resilience in corporate Nigeria. Speaking at the 2025 Women in Management, Business and Public Service (WIMBIZ) Annual Conference, Popoola revealed that, ...
The Federal Government has sought a fresh $500 million loan from the World Bank to expand access to finance for micro, small, and medium enterprises (MSMEs) across the country. The facility, titled Fostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE) Project, is designed to mobilize private capital and promote innovative financial products for small businesses, ...
Nigeria has successfully completed a US$2.35 billion Eurobond issuance in the international capital markets, drawing an unprecedented level of investor interest. The transaction's orderbook peaked at over US$13 billion, marking the largest ever achieved by Nigeria and underscoring strong global confidence in the nation's economic reform agenda. The issuance was split into two tranches: Long ...
By Sofiyyah Layole Trading activities on the Nigerian Exchange (NGX) closed on a negative note on Thursday, November 6, 2025, as the All-Share Index (ASI) dropped by 0.36 percent to settle at 150,026.55 points. The dip in the benchmark index reflected a general decline in market performance, bringing the equity market capitalisation down to ₦95.32 ...
FirstHoldCo Plc has sustained its growth momentum across core business segments, reporting a 17.1 percent year-on-year increase in gross earnings to ₦2.64 trillion for the nine months ended September 30, 2025, compared to ₦2.25 trillion in the corresponding period of 2024. According to the unaudited results released by the Group, interest income rose sharply by ...
By Sofiyyah Layole Profits declared by BUA Foods Plc has doubled for the nine months period ended September 30, 2025. According to the company’s unaudited results made available to journalists, the food conglomerate reported a 101 percent surge in profit after tax (PAT) rising to ₦405.27 billion. The results also revealed that revenue jumped 33 percent ...
The Naira on Friday extended its gain, closing the trading week stronger at N1,421.73 to the dollar at the official foreign exchange market. Data from the Central Bank of Nigeria (CBN) showed that the local currency appreciated by N15.23 or 1.07 per cent compared with N1,436.97 recorded on Tuesday. The latest gain continues a weeklong ...
By Seun Ibiyemi Fidelity Bank Plc, in partnership with the Nigerian Conservation Foundation (NCF), has donated three large recycling bins to Yaba College of Technology (YABATECH), Lagos, to promote environmental sustainability and encourage recycling among students. The donation was a highlight of the 2025 "Walk for Nature" event, which took place at the institution over ...
...as debt burden jumps to ₦41,766 per citizen By Seun Ibiyemi Despite persistent fiscal tightening and increased earnings, Nigeria's sub-national governments are intensifying their debt burden, despite ongoing efforts at fiscal tightening. Fresh data from BudgIT’s State of States 2024 report reveals a worrying upward trend, placing a significantly heavier financial liability on the average citizen. ...
By Sofiyyah Layole United Capital Plc has reported a profit after tax (PAT) of ₦21.17 billion for the nine months ended September 30, 2025, showing a 32.4 percent increase from ₦15.98 billion recorded in the same period of 2024. The performance was driven by strong growth in fee income, trading gains, and fair value gains ...
By Seun ibiyemi The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the listing of ₦260 billion worth of Federal Government bonds for subscription at its October 2025 auction. In a circular posted on its official X handle on Monday, the DMO disclosed that the offer opened on October 27, 2025 ...
...Says $2.5bn investment will boost local livestock By Obasola Olatunde President Bola Ahmed Tinubu has criticised Nigeria’s annual expenditure of over $1.5 billion on imported milk and dairy products, pointing out that the nation possesses abundant livestock resources. He drew attention to the stark disparity between the country’s average milk yield and global standards, noting ...
Nigerian officials have hailed the country’s landmark victory in global financial governance, with the Financial Action Task Force (FATF) officially removing the country from its list of jurisdictions under increased monitoring, commonly known as the grey list. This highly anticipated decision, announced following the FATF’s October plenary in Paris, signals restored international trust in the integrity ...
Abbey Mortgage Bank Plc has announced strong financial results for the third quarter ended September 30, 2025, reporting a pre-tax profit of ₦670 million, a 63.24 per cent year-on-year (YoY) growth, surpassing its Q3 2025 forecast by more than 58 person cent. According to the unaudited financial results released by the bank, the third-quarter performance ...
By Seun Ibiyemi Investors in the Nigerian equities market gained a massive N4.2 trillion in the just-ended trading week, as the market recorded gains in all five trading sessions, a rare perfect week of bullish momentum. The equity market capitalisation surged to N98.7 trillion, while the All-Share Index (ASI) appreciated by 4.48 per cent, closing ...
By Seun Ibiyemi Investors in the Nigerian equities market enjoyed a significant windfall, recording a massive gain of ₦479 billion at the close of trading on Thursday. The market's strong performance was largely fueled by exceptional gains in bellwether stocks, particularly PZ Cussons Nigeria Plc, alongside momentum from firms like The Initiates Place Plc and ...
By Seun Ibiyemi The Nigerian capital market is buzzing with anticipation for what could be its most significant listing to date, as the Dangote Group announced plans to offer up to 10% of its massive refinery on the Nigerian Exchange (NGX) Limited within the next year. This strategic move, confirmed by President of Dangote Industries ...
By Seun Ibiyemi Aso Savings & Loans, Skyway Aviation Handling Company (SAHCO) Plc, and Ucfg vPDC Real Estate Investment Trust (REIT) emerged as the major drivers of the N1.4trn gain on the Nigerian equities market yesterday. Investors had a renewed buying interest in financial and industrial stocks. The benchmark All-Share Index (ASI) climbed by 2,279.34 points, ...
By Seun Ibiyemi Investors in the Nigerian equities market recorded a gain of N963 billion at the close of trading on Tuesday, buoyed by renewed buying interest in major stocks such as Scoa Nigeria, Omatek Ventures, and Consolidated Hallmark Plc. At the end of the trading session, the All-Share Index (ASI) climbed to 151,456.91 points ...
By Sofiyyah Layole Nigeria’s fixed income landscape experienced a muted session on Tuesday, marked by a marginal dip in Treasury Bill yields and largely stagnant trading in Federal Government bonds, as investor caution dominated market sentiment. Data sourced from the FMDQ Securities Exchange revealed that the positive momentum in short-term government debt saw yields on ...
By Seun Ibiyemi Investors in the Nigerian equities market gained N611 billion at the close of trading on Monday, driven by strong performances in the shares of Union Dicon Salt Plc, Eunisell Interlinked Plc, and Sovereign Insurance, among others. The benchmark All-Share Index (ASI) rose by 963.17 points, or 0.65%, to close at 149,940.81 points, ...
By Denis Matthew, Abuja The Securities and Exchange Commission (SEC) Director General, Dr. Emomotimi Agama has urged stockbrokers to consistently uphold the highest levels of professionalism and ethical conduct to ensure the fairness and transparency of the Nigerian capital market. SEC Director General, Dr. Emomotimi Agama, delivered this message over the weekend during the 29th annual conference ...
