Temitope Aina
NGX surges by N1.81tn despite holiday
The Nigerian Exchange closed the first week of June on a bullish note, adding N1.81tn to investors’ wealth despite a shortened trading week due to the Eid-el-Kabir public holidays. The All-Share Ind...
9th June 2025
SEC warns against investing in Punisher Coin
The Securities and Exchange Commission has issued a warning to Nigerians against participating in the ongoing presale of a cryptocurrency known as Punisher Coin, or $PUN, citing lack of regulatory app...
9th June 2025
Honeywell grows profit by 246%
Honeywell Flour Mills Plc has posted a profit after tax of N14.59bn for the financial year ended 31 March 2025, representing a 246 per cent increase compared to a loss of N10.12bn recorded in the prev...
9th June 2025
MTN, Oando push NGX one-day gain to N1.16tn
The Nigerian equities market closed on a bullish note on Thursday, with investors gaining N1.16tn in market capitalisation, the highest single-day gain in recent weeks ahead of the Eid-el-Kabir holida...
6th June 2025
SEC moves to hasten equities trade settlement
The Securities and Exchange Commission has announced that the Nigerian capital market will transition to a T+2 settlement cycle for equities transactions from November 28, 2025. In a statement on Wedn...
6th June 2025
ASHON urges gradual ISA 2025 rollout
The Association of Securities Dealing Houses of Nigeria has called on the Securities and Exchange Commission to consider a cooling-off period before the full implementation of the newly signed Investm...
6th June 2025
HBA, FCMB partner to empower healthcare entrepreneurs
The Health Business Academy and First City Monument Bank have formalised a partnership to empower healthcare entrepreneurs and scale healthcare businesses across Nigeria. The agreement, signed at a re...
6th June 2025
Investors gain N1.9tn on NASD in one week
Investors on the NASD Over-the-Counter Securities Exchange recorded a N1.90tn gain last week as the market capitalisation rose by 1.86 per cent. According to the NASD weekly report for the week ended ...
4th June 2025
Elumelu boosts UBA stake with N43.9bn share purchase
The Chairman of the Board of United Bank for Africa Plc, Tony Elumelu, has increased his stake in the bank with the acquisition of 1.27 billion shares valued at approximately N43.9bn on the Nigerian E...
4th June 2025
Moniepoint gets approval to acquire 78% stake in Sumac
The Competition Authority of Kenya has officially approved the proposed acquisition of a 78 per cent stake in Sumac Microfinance Bank Limited by U.S.-based fintech firm Moniepoint Inc. The decision wa...
4th June 2025
NGX opens second trading day with N259bn gain
The Nigerian Exchange recorded a gain of N259bn at the close of trading on Tuesday, as improved investor sentiment pushed the market capitalisation higher to N70.9tn. A total of 622,635,197 shares exc...
4th June 2025
Investor confidence grows as market hits 111,000 points
The Nigerian capital market has witnessed a transformation under President Bola Tinubu’s administration, with analysts citing growth in both the primary and secondary segments of the market. Key pol...
3rd June 2025
FG opens sale of short-term bonds
The Federal Government of Nigeria, through the Debt Management Office, has opened a new window for subscription to its Federal Government of Nigeria Savings Bonds, offering attractive interest rates t...
3rd June 2025
Climate adaptation to cost Africa over $100bn yearly – SEC
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, says Africa requires over $100bn annually to address the financing gap for climate adaptation, calling for the mobilisa...
3rd June 2025
Equity market opens week with N173bn gain
The Nigerian equities market commenced the week on a positive note, gaining N173bn in market capitalisation as investors showed renewed interest in select large- and mid-cap stocks across key sectors....
3rd June 2025
NASD reaches N1.9tn in capitalisation
The market capitalisation of the NASD Over-the-Counter Securities Exchange rose to N1.90 tn at the close of trading on Friday, May 30, 2025, marking a notable increase from N1.87 tn recorded the previ...
2nd June 2025
Abbey Mortgage Bank reports 22.6% rise in profit
Abbey Mortgage Bank Plc has reported a 22.6 per cent increase in its profit after tax for the 2024 financial year, reaching N1.07bn, up from N871.28m in 2023. The bank disclosed the figures during its...
2nd June 2025
Tips for building thriving side businesses
The Nigerian economy currently faces numerous challenges, from inflation and unemployment to rising living costs. Many Nigerians are turning to side hustles, part-time jobs or small businesses done al...
2nd June 2025
CIPM inducts 1,097 new members
The Chartered Institute of Personnel Management of Nigeria has inducted 1,097 new members into the human resource profession, reiterating that HR practice in the country is a regulated profession that...
2nd June 2025
Market cap gain N1.7tn in one week
The Nigerian Exchange closed the trading week on a bullish note, as investor sentiment turned positive, resulting in a surge of N1.71tn in market capitalisation. According to the weekly trading report...
2nd June 2025
Seven banks’ reserves with CBN surge to N18.8tn
Seven Nigerian banks reported a total of N18.82tn in restricted deposits with the Central Bank of Nigeria as of March 31, 2025, up from the N17.54tn recorded in December 2024. Access Holdings led the ...
2nd June 2025
System liquidity dips N550.9bn amid heavy outflows
Average system liquidity in May dropped to N550.9 bn from N453.8 bn recorded in the previous month. This decline was driven by outflows through the Standing Deposit Facility, which recorded N827.0 bn;...
2nd June 2025
Market cap sheds N48bn on NGX
The Nigerian Exchange closed the last trading session of the week on a bearish note, as the equities market capitalisation declined by N48bn, reflecting sustained negative investor sentiment. At the c...
1st June 2025
Smart ways to shield your savings from inflation
Rising inflation is shrinking the value of Nigerians’ savings, making traditional accounts a risky place to keep money. To protect your wealth, Nigerians must explore smarter investments and stay fi...
30th May 2025
Abbey Mortgage Bank to raise N100bn fresh capital
Abbey Mortgage Bank Plc has announced plans to raise N100bn in fresh capital as part of its strategy to meet regulatory requirements and strengthen its balance sheet. The move was disclosed in a notic...
30th May 2025
Domestic investors maintain NGX dominance
Domestic investors continued to dominate trading activities on the Nigerian Exchange Limited in April, accounting for 87 per cent of total transactions, according to the latest Domestic & Foreign ...
30th May 2025
Access Bank, others partner to empower 50,000 women
Access Bank Plc, the Gates Foundation, and MicroSave Consulting have entered into a partnership to empower 50,000 female agents across Nigeria through a new financial inclusion initiative. The initiat...
30th May 2025
NGX sheds N54bn as bullish trading halts
The Nigerian Exchange Limited lost N54bn in market capitalisation at the close of trading on Thursday, 29 May 2025, ending its recent bullish streak despite a positive breadth with 41 gainers against ...
30th May 2025
Coronation Merchant Bank reports N13.4bn PBT
Coronation Merchant Bank has reported a profit before tax of N13.4bn for the 2024 financial year, representing a 283 per cent increase from the previous year. This was disclosed during the bank’s 10...
29th May 2025
NGX gains N187bn as bulls sustain momentum
The Nigerian Exchange extended its bullish run on Wednesday, gaining N187bn in market capitalisation, driven by increased trading activity and positive investor sentiment. At the close of trading, the...
29th May 2025
Capital market consistent under Tinubu’s economic reforms – Expert
The Managing Director/Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has stated that despite the hardship facing Nigerians due to recent economic reforms, the c...
29th May 2025
