Naira eyes N1,390/$ settlement as U.S dollar shows resilience globally
Naira eyes N1,390/$ settlement as U.S dollar shows resilience globally The Nigerian naira’s outlook for this week is still cautiously optimistic following a period of steady appreciation and a significant shift in monetary policy Market participants are currently observing the Naira/dollar pair to navigate a... Read More →
Fintech growth drives need for stronger AML compliance
Fintech growth drives need for stronger AML compliance Rapid fintech expansion in Nigeria is heightening regulatory scrutiny, as authorities push for stronger anti-money laundering compliance to safeguard the financial system, JUSTICE OKAMGBA reports Banks, mobile money operators, international money transfer... Read More →
Market cap hits N127.36tn on weekly gains
Market cap hits N127.36tn on weekly gains Market capitalisation on the Nigerian Exchange hit N127.36 tn as the market closed the week ending Friday on a positive note. The NGX All-Share Index appreciated 0.73 per cent to settle at 198,407.30... Read More →
Mixed auction results weigh on fixed-income markets
Mixed auction results weigh on fixed-income markets The Nigerian fixed-income market experienced a challenging week, characterised by persistent bearish sentiment and cautious investor activity across both primary and secondary market segments. Market participants continued to navigate a complex environment defined... Read More →
Coronation Merchant Bank completes N50bn recapitalisation exercise
Coronation Merchant Bank completes N50bn recapitalisation exercise Coronation Merchant Bank has completed its recapitalisation programme, raising its paid-up capital to N50,257,767,438 and reinforcing the bank’s balance sheet to support greater operational resilience and efficiency. A statement from the bank on... Read More →