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By Seun Ibiyemi The Securities and Exchange Commission (SEC) of Nigeria has cautioned the public against investing in a digital token known as “Shalom Coin (SHLM)”, citing high risks of fraud and lack of regulatory approval. In a disclaimer issued over the weekend, the Commission stated that Shalom Coin is being promoted as an investment ...
By Seun Ibiyemi The Federal Government of Nigeria (FG), acting through the Debt Management Office (DMO), successfully raised a total of N3.96billion from the October 2025 issuance of the Federal Government of Nigeria Savings Bonds (FGNSB). This result reflects a notable rise in retail investor participation compared to the previous month. The DMO offered two ...
By Seun Ibiyemi Investors in the Nigerian equities market gained N389 billion at the close of trading on Thursday, driven by renewed buying interest in banking and technology stocks. The benchmark All-Share Index (ASI) surged to 148,355.04 points, up from 147,742.22 points recorded on Wednesday, while the market capitalisation increased to N94.1 trillion from N93.7 ...
By Seun Ibiyemi The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has announced that Nigeria’s transition to a T+2 settlement cycle in the capital market will significantly enhance efficiency, reduce systemic risk, and strengthen investor confidence. Speaking in Abuja at a Trade Associations Roundtable themed “Ensuring Stakeholder Readiness for T+2 Settlement,” ...
By Sofiyyah Layole A development and governance expert, Dr Joe Abah has hailed the Central Bank of Nigeria (CBN) recapitalisation policy as a great move toward building a more resilient and competitive financial market. Recall that financial institutions in Nigeria have significantly raised the base capital requirements for market operators. This pivotal policy shift aims ...
The Managing Director of Eterna Plc, Mr Olumide Adeosun has said that Nigeria must focus on targeted investments in the liquefied petroleum gas (LPG) sector to expand access and drive clean cooking adoption across the country. Sharing his perspective on the topic ‘’Driving Sustainable Energy Future through Investment In Midstream and Downstream Infrastructure’’ during the ...
By Seun Ibiyemi The Central Bank of Nigeria (CBN) raised an estimated N10.4 trillion through Nigerian Treasury Bills (NTBs) in 2025, according to Primary Market data published by the apex bank. This figure represents a slight 1.09% decline from the N10.52 trillion raised during the same period in 2024. The total issuance remained robust despite a ...
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has issued new draft guidelines on Automated Teller Machine (ATM) operations, directing banks to refund customers for failed transactions within a stipulated period to enhance transparency and consumer protection in the country’s financial system. According to the circular titled “Exposure of the Draft Guidelines on the ...
By Seun Ibiyemi The Nigerian stock market posted a positive overall performance this week, with the NGX All-Share Index (ASI) and Market Capitalisation both appreciating by 2.37%, ultimately closing at 146,988.04 points and N93.296 trillion, respectively, despite a noticeable slowdown in trading activity. Investors exchanged 2.286 billion shares valued at N90.280 billion across 138,177 deals, ...
By Seun Ibiyemi The Nigerian equities market sustained its bullish momentum on Thursday, as investors recorded a gain of N308 billion, driven by strong performances in Caverton Offshore Support Group, Eunisell Interlinked Plc, and Sunu Assurance Plc. At the close of trading, the All-Share Index (ASI) climbed to 146,204.33 points, up from 145,719.09 points posted ...
The Nigerian equities market closed trading on Wednesday with a significant gain of N568 billion in market capitalization, largely propelled by strong performances from key stocks like FTN Cocoa, Livestock Feed Plc, and Eterna Plc. This surge pushed the benchmark All-Share Index (ASI) up to 145,719.09 points from the previous day's close of 144,995.26 points. ...
By Seun Ibiyemi Interbank rates experienced mixed movement last week despite a continued surplus of liquidity in Nigeria's money market, which remained robust at ₦6.12 trillion. This stability was maintained following significant Open Market Operations (OMO) activity by the Central Bank of Nigeria (CBN). The banking system's liquidity actually strengthened, rising by ₦204.69 billion to ...
By Sofiyyah Layole The Nigerian Exchange Group (NGX) has lifted the suspension placed on the shares of International Energy Insurance Plc. (IEI), allowing normal trading activities to resume on the company’s stock. In a statement signed by the Company Secretary, IEI explained that the suspension had been connected to regulatory compliance issues relating to the ...
The Securities and Exchange Commission (SEC) says the country’s non-interest capital market is valued at N1.6 trillion. Dr Emomotimi Agama, the Director-General of SEC, said this in Abuja on Tuesday at a pre-news conference in preparation for the 7th African International Conference on Islamic Finance (AICIF) scheduled between Nov. 4 and 5. Agama said that ...
By Seun Ibiyemi Investors in the Nigerian equities market gained N110 billion at the close of trading on Tuesday, buoyed by strong performances from Cornerstone Insurance, Consolidated Hallmark Plc, and Chams Plc, among others. The benchmark All-Share Index (ASI) appreciated to 144,995.26 points from 144,822.77 points recorded the previous day, while the market capitalisation rose ...
...accuses FG of indifference to lecturers’ welfare Barely a week to the expiration of its 14-day ultimatum to the Federal Government, the Academic Staff Union of Universities (ASUU) has begun full mobilisation for what could become another nationwide strike, citing government’s failure to address its long-standing demands. In a circular titled “Strike Bulletin No. 1”, ...
The Nigerian equities market began the week on a strong footing, with investors gaining a substantial ₦786 billion at the close of trading on Monday, driven by renewed buying interest in key stocks. The rally was largely propelled by price appreciation in major players, notably AXA Mansard Insurance, Seplat, and Skye Shelter Fund Plc. This ...
The Debt Management Office (DMO) has opened subscriptions for the October 2025 Federal Government of Nigeria (FGN) Savings Bonds, offering interest rates of 14.062% for the 2 year tenor and 15.062% for the 3 year tenor. According to a circular issued on Monday, the offer opened on October 6, 2025, and will close on October 10, 2025, with settlement scheduled for October 15, ...
The Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure company, joined the global community to mark the 2025 Customer Service Week under the theme “Mission: Possible.” The week-long celebration served to reaffirm CSCS's commitment to resilience, innovation, and exceptional service delivery, values Managing Director Haruna Jalo-Waziri stated are deeply embedded in the company’s ...
The Group management expressed confidence in its ability to sustain the earnings momentum, highlighting the success of its digital expansion, improved asset yields, and strategic cost containment. They noted that improved deposit mix and efficient deployment of new capital helped reduce funding costs for the second consecutive quarter, boosting the net interest margin to 10.1 ...
Digital transformation remained pivotal, with digital revenues growing by 60 per cent year-on-year, reaching N73.6 billion in H1 2025. The Group’s digital platforms spanning payments, lending, and wealth management accounted for 13.9 per cent of total earnings, successfully deepening adoption across retail and SME segments. The Group's total assets rose by 6.9 per cent to ...
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has proposed a minimum capital requirement of N10 billion for Credit Enhancement Service Providers (CESPs) in Nigeria, under draft rules aimed at strengthening market stability, protecting investors, and unlocking funds for infrastructure financing. According to the rules, providers that fall short of the threshold will be ...
By Sofiyyah Layole Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive Group Chief Executive of the company, effective October 2, 2025, after securing all necessary regulatory approvals. His appointment brings to a close the tenure of Dr. Adekunle Adedeji, who has served as Acting Group Chief Executive ...
