The African Development Bank (AfDB) has entered into a $850,000 grant agreement with non-profit organisation Invest in Africa (IIA) to implement the MicroGREEN project, designed to...
The Nigerian secondary bond market witnessed muted activity last week, with a blend of mild buying interest— particularly at the mid-tenor segment—and selective profit-taking. These dynamics...
The Nigerian money market endured considerable liquidity pressure last week despite substantial inflows from maturing Treasury bills and Open Market Operations (OMO) instruments totalling N258 billion...
The Nigerian equities market recorded another remarkable performance last week, climbing to fresh record levels amid strong bullish sentiment across key sectors. The rally was largely...
BUA Foods Plc has become the most valuable company on the Nigerian Exchange Limited (NGX) after its market capitalisation crossed the N10 trillion mark, a milestone...
Nigeria’s central bank has raised approximately N2.3 trillion after institutional investors piled into its open market operations (OMO) and Nigerian Treasury bills. OMO and treasury bills...
The Chief Executive Officer of Financial Derivatives Company (FDC), Mr. Bismarck Rewane, has stated that due to poor infrastructure, Nigeria’s aviation sector lost $3.5 billion in...
Nigeria’s total capital importation surged to $5.64 billion in the first quarter of 2025, surpassing the $3.38 billion recorded in the same period of 2024. According...
First HoldCo Plc has reported an after-tax profit (PAT) of N289.8 billion for the half-year ended June 30, 2025, a 20.7% decline from the N365.3 billion...
Market capitalisation hits fresh all-time high with N863 billion surge driven by strong earnings and dividend optimism
International Breweries Plc (INTBREW) has delivered a stunning financial turnaround in its second quarter results, posting earnings per share of N0.07 compared to a loss of...
Key Highlights Transcorp Hotels recorded an impressive Y-o-Y revenue growth of 60% from N29.72 billion in H1 2024, to N47.57 billion in H1 2025. Transcorp Hotels...
According to the recently published PMI report from S&P Global, the United States (US) composite PMI stayed above the 50.0 points threshold for the 29th consecutive...
Okomu Oil reported a net finance cost of N515.52 million during the quarter, compared to a net finance income of N570.65 million in Q2 2024.
The Lagos Chamber of Commerce and Industry (LCCI) has reiterated its call for the Federal Government to promptly and judiciously disburse the N150 billion CBN SME...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced its decision to hold the nation’s benchmark interest rate at 27.50 percent for...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Gross Domestic Product (GDP) reached N372.8 trillion in 2024 following a comprehensive rebasing exercise. The statistical...
Air Peace Limited has announced direct international flight services from Abuja to both London Heathrow and London Gatwick Airports, effective October 26, 2025. The fare went...
Similarly, Nigeria Stock Index that tracks price movements at the NGX surged by 5,436.1 points or 4.31% to close the week at 131,585.66 basis point, marking...
The downturn poses a significant risk to Nigeria’s fiscal outlook, as the N54.99 trillion 2025 national budget is premised on an oil price benchmark of $75...