May 2026

Naira records first April gain in NAFEX era The Naira strengthened against the United States dollar in April 2026, appreciating month-on-month from its March closing of N1,387/$ to close the month at N1,374/$. This is according to data from the... Read More →

Market cap hits N155.9tn, investors gain N2.68tn The Nigerian Exchange closed April 2026 on a record high, shrugging off a volatile week in financial stocks as gains in industrial heavyweights lifted total market capitalisation to N155.9tn. Despite a steep banking-sector... Read More →

Nigeria’s dollar GDP jumps 22% to $307bn –Report Nigeria’s dollar GDP rose by 22 per cent to about $307bn in 2025, driven by stronger economic output and a firmer naira, according to a report by Quartus Economics. “In 2025, Nigeria’s... Read More →

Tinubu commends Cardoso as banking reforms lift confidence President Bola Tinubu has commended the Governor of the Central Bank of Nigeria, Olayemi Cardoso, citing ongoing reforms at the apex bank as part of efforts to stabilise the economy and support... Read More →

Shareholders hail GTCO’s N12.76 dividend payout Shareholders of Guaranty Trust Holding Company Plc have commended the management of the financial institution for the highest dividend payout of N12.76 in the Nigerian banking sector for the 2025 financial year. The shareholders... Read More →

Cadbury shares slide 10% on Awosika exit Cadbury Nigeria Plc shares sank 10% following announcement of the resignation of its director, Ibukun Awosika from the board. The company disclosed this in a notice to the Nigerian Exchange Limited and the... Read More →