The National Association of Securities Dealers (NASD) has announced the appointment of Mrs. Arese Ugwu as its new Acting Managing Director. The over-the-counter securities exchange […]
Category: Economy
PTAD pays N18.96 billion PHCN pension arrears to 3,958 retirees
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N18.96 billion to settle outstanding Back-End Computation (BEC) arrears owed to 3,958 eligible pensioners of the former […]
IMF warns financial shocks alone do not justify FX intervention
The International Monetary Fund (IMF) has cautioned that evidence of financial shocks in foreign exchange markets does not, on its own, justify central bank intervention, […]
How much Nigerian fintechs could earn from Dangote Refinery’s N2.15 trillion IPO
When the Dangote Petroleum Refinery IPO went live on the Nigerian Exchange on Monday, September 14, excitement among retail investors was enormous. But that excitement […]
Court jails South African for 25 years for importing 5.75kg heroin into Nigeria
The Federal High Court in Abuja on Thursday sentenced a 38-year-old South African woman to 25 years in prison for smuggling 5.75 kilogrammes of heroin […]
NGX hits N159.9 trillion market cap as turnover hits 1.1 billion shares
The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, September 17, 2026, with investors gaining approximately N1.18 trillion as the market capitalization of listed […]
Nigeria accounts for 140 million mobile internet usage gap, GSMA says
Nigeria accounted for an estimated 140 million people in the mobile internet usage gap in 2025, according to the GSM Association (GSMA). The GSMA disclosed […]
Airtel Money plans to cut IPO target by up to 60%, targets $800 million
Airtel Africa Plc is considering cutting the amount it plans to raise from the initial public offering (IPO) of its mobile money business, Airtel Money, […]
Naira devaluation boosts foreign subsidiaries’ earnings contribution to Nigerian banks – Fitch
The sharp depreciation of the naira between 2023 and 2024 significantly increased the contribution of foreign subsidiaries to the earnings and asset base of Nigerian […]
Lagos tightens Apapa, Lekki port enforcement, targets truckers’ E-Call-Up compliance
The Lagos State Government has concluded plans to intensify enforcement along the Apapa and Lekki Port corridors as it targets truckers’ compliance with the E-Call-Up […]