Category: #Finance
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NIGERIA ECONOMY ON STEADY GROWTH PATH, SAYS NGX CHAIR
From stabilization to major capital gains, Nigeria is attracting investor confidence. Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, has said Nigeria’s economy is stabilized and growing steadily. Speaking at the Africa Capital Forum in London, he highlighted stock market gains, with the NGX All-Share Index up 261% and market capitalization surging 325%. Kwairanga…
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NGX MARKET CAP HITS N127TRN AS INVESTORS GAIN N924BN IN A WEEK
Stocks close the week on a strong note as investors rake in massive gains on the Nigerian bourse. Nigeria’s stock market ended the week on a positive note as the All-Share Index of the Nigerian Exchange Group (NGX) rose by 0.73%, pushing market capitalisation to N127.361 trillion. The benchmark index climbed to 198,407.30 points, up…
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NAIRA BOUNCES BACK: OFFICIAL RATE HITS N1,401/$1
The naira gained ground on Tuesday, trading at N1,401.40 to the dollar at the official market, according to CBN data — up N4.22 from Monday. Analysts said the 0.3% rebound reflects improved demand-supply dynamics and intervention by monetary authorities, offering a brief respite after a two-week slide. A currency trader noted, “The naira showed mild…
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SEC LAUNCHES FINTECH CLINIC TO BOOST INNOVATION AND INVESTOR TRUST
The Securities and Exchange Commission (SEC) has launched a regulator–fintech clinic to strengthen dialogue with Nigeria’s fast-growing financial technology sector. The initiative aims to align innovation with regulatory compliance while safeguarding investors. SEC Director-General, Dr Emomotimi Agama, emphasized that innovation must go hand in hand with governance, saying: “Our goal is to align innovation with…
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PLATEAU, BOI LAUNCH N4BN FUND TO BOOST SMALL BUSINESSES
Plateau State and the Bank of Industry (BOI) have teamed up to inject N4 billion into Micro, Small and Medium Enterprises (MSMEs), a move aimed at stimulating businesses, creating jobs, and strengthening the state’s economy. The partnership was sealed through a Memorandum of Understanding signed at the Government House in Jos, with both parties contributing…
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NGX, PARTNERS RALLY FOR GENDER EQUALITY IN ECONOMY
Nigeria’s financial market leaders are pushing for stronger gender inclusion, urging greater participation of women in leadership, investment, and economic decision-making. The call came during the 2026 “Ring the Bell for Gender Equality” ceremony at the Nigerian Exchange Group (NGX) Closing Gong event in Lagos. The initiative—organised with the Central Securities Clearing System (CSCS) and…
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SUGAR INDUSTRY GETS N10BN BOOST: NEW FUND TO POWER GREENFIELD INVESTMENTS
Nigeria’s sugar sector is getting a major push as the National Sugar Development Council (NSDC) and Bank of Industry (BOI) launch a N10 billion Sugar Project Acceleration Fund (SPAF) to support greenfield sugar projects. The fund aims to turn early-stage sugar project ideas into bankable investments by providing technical, financial, and advisory support to viable…
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GRATUITY BOOST: FG’S 100% PAYOUT GAINS PRAISE FROM RETIREES, CIVIL SERVANTS
Retirees and civil servants are cheering President Bola Tinubu’s approval of 100% gratuity payments for retiring federal workers, calling it a long-overdue recognition of their service. The Federal Executive Council’s Exit Benefit Scheme guarantees retirees a gratuity equal to their full annual salary, effective from January. Many see it as a morale booster and a…
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AFREXIMBANK TOPS AFRICA’S LOAN MARKET WITH 23% SHARE IN 2025
Bank consolidates leadership, driving capital flows to fuel the continent’s growth. African Export-Import Bank has emerged as the No. 1 Mandated Lead Arranger and Bookrunner in Africa’s 2025 Bloomberg Africa Borrower Loans League Tables, commanding a 23.65% market share across 20 transactions. According to the bank, it also holds a 21.66% share as Bookrunner, completing…
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BAUCHI EYES $200M AGRO-INDUSTRIAL BOOST
Governor Bala Mohammed says the state is ready to tick every global box to unlock a massive agriculture investment. Bala Mohammed has reaffirmed Bauchi’s commitment to meeting all international standards required to secure a proposed $200 million agro-industrial investment backed by the Islamic Development Bank and other partners. Speaking while receiving the Special Agro-Industrial Processing…
