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The Chairman/CEO, Nigerians in Diaspora Commission, (NiDCOM), Hon Abike Dabiri-Erewa has commended the resourcefulness, reforms and administrative ingenuity of the Director General of the National Identity Management Commission(NIMC), Engr. Abisoye Coker-Odusote, for expanding the digital space in infrastructure management for National Development. The NiDCOM Boss stated this during a strategic meeting between top level management ...
Zedvance Finance Limited has announced the appointment of Professor Pius ‘Deji Olanrewaju as Chairman of its Board of Directors, effective July 1 and, subject CBN approval. This milestone underscores Zedvance Finance's commitment to building a robust governance structure capable of supporting its next phase of growth. With an enhanced Board structure and strengthened oversight capabilities, ...
Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, saved 9.1 million litres of diesel during its just ended 2025/2026 financial year, as part of efforts to drive responsible growth by minimising the environmental impact of its operations. This was achieved by reducing reliance on diesel and increasing use ...
Equities investors gained about N3.17 trillion on Monday as Nigerian stocks rallied after last week’s sell-offs. The local bourse opened the new week strongly, with key market performance indicators rising 2.15%.Nigeria Trade Data The bullish performance was driven by fresh bargain hunting in mid-cap and blue-chip stocks across all key sectors, signalling a gradual return ...
Shareholders of Dangote Cement Plc are set to receive a record dividend of N45 per share for the 2025 financial year, representing a 50 per cent increase over the previous payout and further reinforcing the company’s position as one of the most rewarding investments on the Nigerian capital market. The company has now distributed over ...
PZ Cussons Nigeria Plc has announced the appointment of Ms. Oghenekevwe Ogefere as its new Company Secretary. The disclosure was made in a filing sent to the Nigerian Exchange Limited (NGX) to notify shareholders and the investing public. The corporate action followed a meeting of the Board of Directors, where the transition was officially ratified. ...
The Federal Government of Nigeria has taken a historic step in its commitment to the nation’s technology and creative economy, appointing Kuramo Capital Management as Fund Manager of the DICE Fund of Funds under the Investment in Digital and Creative Enterprises (iDICE) Programme. The contract was signed in Abuja on Tuesday, 30 June 2026, between ...
Shareholders of FCMB Group Plc on Tuesday approved a total dividend payout of ₦23.08 billion for the 2025 financial year at the company's 13th Annual General Meeting (AGM) held in Lagos. Shareholders, attending both in person and online, approved all Board resolutions, including the re-election of Mr. Ladi Jadesimi and the ratification of Mrs. Adepeju ...
Africa's Global Bank, United Bank for Africa (UBA) Plc, has rewarded thousands of customers with over ₦400 million in anniversary bonuses under its flagship UBA Bumper Account, reaffirming the Bank's unwavering commitment to rewarding customer loyalty and promoting a strong savings culture. The payout, one of the largest loyalty rewards under the Bumper Account initiative ...
Pathway Advisors Limited has announced its role as Lead Issuing House to a N300 billion Commercial Paper Programme for Pivot Integrated Energy Services Limited, reinforcing its leadership in capital market advisory and energy sector finance. The transaction was formally concluded with the execution of programme documentation at Capital Club, Victoria Island, Lagos, following the completion ...
OPay, a leading fintech company in Nigeria, has introduced two new security features, Emergency Lock and Safety PIN, designed to give customers greater control over their money during security emergencies and unexpected situations. The new features reaffirm OPay's commitment to putting customers first by providing practical tools that help users protect their funds before fraud, ...
The Centre for the Promotion of Private Enterprise (CPPE) has opined that an outright ban on textile importation will eliminate millions of jobs. In a statement on Sunday, Dr Muda Yusuf, the CEO of CPPE said the proposed ban is unlikely to achieve its intended objectives and could have significant adverse consequences for the Nigerian economy. He ...
GCR Ratings (GCR) has upgraded First City Monument Bank Limited’s (FCMB) national-scale long- and short-term issuer ratings to A(NG) and A1(NG) from A-(NG) and A2(NG), respectively, while maintaining a Stable outlook. According to the rating note, FCMB is considered the core operating entity within FCMB Group Plc; as such, the national-scale issuer ratings on the ...
An analysis of market data from the first half of 2026 has revealed a mixed performance for Nigeria's euro bonds. According to official data from a recent report by the Debt Management Office (DMO) on "Nigeria's Daily Eurobonds Closing Prices and Yields from January 02 to June 24, 2026", the market experienced a clear divergence ...
The naira weakened to a two-month low against the dollar in the official foreign exchange (FX) market on Wednesday, despite rising market liquidity and growing external reserves, as increased demand for the greenback weighed on the local currency. Data published by the Central Bank of Nigeria (CBN) showed that the naira depreciated by N9.44, with ...
...As profit-taking erases N3.64tn in investor wealth The Nigerian equities market closed sharply lower on Wednesday, June 24, 2026, reversing the gains recorded over the previous two trading sessions as widespread profit-taking across major stocks outweighed pockets of buying interest. The benchmark NGX All-Share Index (ASI) plunged by 2.35% to close at 235,074.54 points, compared ...
By Precious Mark President Bola Ahmed Tinubu has described Nigeria’s youth as the country’s greatest asset, stating that they are tech-savvy, ready to learn, and well-positioned to integrate into the global digital economy. The President made these remarks on Tuesday in Abuja while receiving a delegation from Mastercard, led by its Global Chief Executive Officer, ...
The International Monetary Fund (IMF) has highlighted the rapid growth of stablecoin usage in Nigeria as a new channel for cross-border payments. The IMF said digital assets linked to the US dollar were easing payment challenges but creating fresh regulatory concerns. This is contained in a report issued on Tuesday . In its latest analysis, ...
By Precious Mark Elon Musk’s SpaceX made history on Friday with its long-awaited debut on the Nasdaq Stock Market, completing what has been described as the largest Initial Public Offering (IPO) ever recorded and propelling the billionaire entrepreneur to the status of the world’s first trillionaire. SpaceX began trading under the ticker symbol SPCX after ...
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that extreme monetary orthodoxy and an over-reliance on short-term portfolio flows could choke productive investments and worsen the nation's poverty crisis. In a response to the International Monetary Fund’s (IMF) Article IV Consultation Report on Nigeria, the think-thank welcomed the IMF's positive assessment of the ...
By Precious Mark The Central Bank of Nigeria (CBN) has released two major draft regulatory frameworks aimed at tightening oversight of the country’s financial system, improving transparency, and reducing systemic risks across closely linked financial institutions. The proposed guidelines, issued through the Financial Policy and Regulation Department of the CBN in Abuja on June 10, ...
...calls for urgent reforms in power distribution, single-digit financing By Precious Mark Nigeria’s manufacturing sector has remained largely stagnant, consistently contributing between 9% and 10% to the nation's Gross Dependent Product (GDP) over the past 26 years despite multiple rounds of policy reforms and industrialization initiatives. This assessment was contained in a comprehensive economic report released ...
