Category: #Finance
-
NGX ALERTS INVESTORS ON UNUSUAL SHARE PRICE SWINGS
Sharp, unexplained stock movements spark caution as NGX warns against rumor-driven trades. The Nigerian Exchange (NGX) has flagged unusual volatility in some listed stocks, noting that recent sharp price swings may not reflect company fundamentals. In a Monday alert, the Exchange urged investors to rely only on verified information and thorough analysis of company performance…
-
EXPERTS URGE MEDIA, CSOs TO MONITOR NEW TAX LAWS
As Nigeria’s 2025 Tax Act comes fully into effect, experts call on journalists and civil society groups to keep government accountable and ensure fair implementation. Abuja, Feb. 21, 2026 – Economic experts at a two-day workshop organized by Konrad Adenauer Stiftung (KAS) and CISLAC have urged the media and civil society organisations (CSOs) to actively…
-
INSIDER TRADING ALERT: SHAREHOLDERS DEMAND TOUGHER SANCTIONS AFTER NGX WARNING
Investor groups are pushing for harsher penalties after the Nigerian Exchange flagged three companies over insider trading violations. Shareholders’ associations are calling for stricter enforcement and tougher penalties following insider trading warnings issued by the Nigerian Exchange Limited (NGX). The exchange recently sanctioned Sterling Financial Holdings Company Plc, Mutual Benefits Insurance Plc and Austin Laz…
-
NIGERIAN STOCK MARKET BOUNCES BACK, GAINS N684BN
After a dip, Nigeria’s stock market rallied on Wednesday, lifting investors’ portfolios and signaling renewed confidence. The Nigerian Exchange Limited saw a major rebound as market capitalisation rose by N684 billion, from N121.552 trillion to N122.236 trillion. The All-Share Index jumped 0.56%, closing at 190,427.96 points, pushing the Year-To-Date return to 22.37%. Stocks like Beta…
-
OTTI TO CLEAR 23-YEAR SALARY DEBT OWED EX-COUNCILLORS IN ABIA
Relief is coming for hundreds of former Abia councillors as the state government moves to finally settle long-standing salary arrears dating back over two decades. Gov. Alex Otti has announced that Abia will begin paying outstanding salary arrears owed to former Local Government councillors who served between 1999 and 2022, with disbursements set to start…
-
SENATE SLAMS AGF OVER NON-RELEASE OF 2025 BUDGET FUNDS
Budget delays threaten service delivery across MDAs, lawmakers warn. The Senate Committee on Finance on Thursday criticized Accountant-General of the Federation (AGF) Shamsedeen Ogunjimi for failing to release 2025 budget allocations to ministries, departments, and agencies (MDAs) during budget defence sessions at the National Assembly in Abuja. Committee Chairman Sen. Sani Musa said the non-release…
-
CBN WARNS AGAINST NAIRA MUTILATION, SHOWS OFF REFORM WINS
Keep the Naira clean, protect Nigeria’s economy! The Central Bank of Nigeria (CBN) has urged Nigerians to stop spraying, mutilating, counterfeiting, or hawking Naira notes, calling it a national duty to respect the currency. The warning came at the CBN Special Day during the 47th Kaduna International Trade Fair. Deputy Director Sidi Hakama highlighted the…
-
REVIEW MINIMUM WAGE TO MATCH REALITY, DON TELLS FG
“Let my wage take me home” — expert says current pay no longer reflects cost of living. An Industrial Relations expert at the University of Ilorin, Prof. Ismaila Kadiri, has urged the Federal Government to review the minimum wage upward to reflect today’s rising cost of living. Delivering the university’s 296th Inaugural Lecture titled “Let…
-
LAGOS ASSEMBLY LAUNCHES FULL AUDIT OF 57 LGs, LCDAs
All eyes on grassroots spending as lawmakers move to tighten accountability. The Lagos State House of Assembly has kicked off a comprehensive audit of accounts for all 20 LGAs and 37 LCDAs, signalling a tougher stance on transparency and prudent use of public funds at the local level. Opening the exercise in Ikeja, Prince Nureni…
-
NIGERIA’S STOCK MARKET HITS HISTORIC N1.37TRN SINGLE-DAY GAIN
Investors smile as blue-chip stocks and strong earnings reports push the market to record-breaking highs. The Nigerian equities market on Wednesday surged, adding N1.37 trillion to investors’ wealth in a single day — a historic one-day gain. The All-Share Index jumped 2,128.61 points (1.28%), closing at 168,030.18, while market capitalisation rose from N106.494 trillion to…
