Linkage Assurance concludes N16.2bn rights issue, boosts capital
Linkage Assurance concludes N16.2bn rights issue, boosts capital Linkage Assurance Plc has announced the successful completion of its N16.2bn rights issue, raising fresh capital through the issuance of 12.32bn ordinary shares at N1.32 per share, in a move aimed at... Read More →
Banks’ maximum lending rate drops to 33.16%
Banks’ maximum lending rate drops to 33.16% Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per cent in May, reflecting a modest decline in borrowing costs as the Central Bank of Nigeria... Read More →
Global tensions shape CBN’s monetary policy
Global tensions shape CBN’s monetary policy The Central Bank of Nigeria’s monetary policy is increasingly being shaped by global geopolitical tensions, as the Middle East crisis complicates inflation management, delays interest rate cuts and heightens risks to exchange rate stability... Read More →
Govt renews commitment to IMF-backed economic reforms
Govt renews commitment to IMF-backed economic reforms The Federal Government has reaffirmed its commitment to sustaining its partnership with the International Monetary Fund as it pursues ongoing fiscal and macroeconomic reforms aimed at restoring economic stability, strengthening public finances and... Read More →
NGX gains N2tn as market cap hits N159tn
NGX gains N2tn as market cap hits N159tn The Nigerian equities market sustained a strong bullish run for the week ending Friday, 24 July 2026, as heavy institutional buying across core sectors pushed the overall market valuation above the historical... Read More →
FX market turnover surges 83% to $4.38bn on FMDQ
FX market turnover surges 83% to $4.38bn on FMDQ Total turnover in the official foreign exchange market surged 83.38 per cent to $4.38bn in the week ended July 24, 2026, amid heightened demand for foreign currency and increased regulatory clarity... Read More →
10 leading brokers drive over 70% of NGX equities
10 leading brokers drive over 70% of NGX equities The top 10 stockbroking firms on the Nigerian Exchange Limited have accounted for 70.50 per cent of the total transaction value executed across all asset classes. NGX revealed this on Friday... Read More →
Cardoso, Okonjo-Iweala to lead Africa Emerging Markets Forum
Cardoso, Okonjo-Iweala to lead Africa Emerging Markets Forum Central Bank of Nigeria Governor, Olayemi Cardoso, and Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, will headline the seventh Africa Emerging Markets Forum scheduled to be held at the CBN headquarters... Read More →