July 2026

NGX Group posts record H1, declares N1.30 interim dividend Nigerian Exchange Group Plc has announced an interim dividend of N1.30 per ordinary share for the six months ended 30 June 2026, following a record first-half financial performance driven by strong... Read More →

CBN directive drives investment in data centres The Central Bank of Nigeria’s directive requiring payment transaction data generated within the country to be stored locally is expected to create new opportunities for domestic technology firms and accelerate investment in digital... Read More →

Stock market opens week with N77bn decline The Nigerian equities market commenced the new trading week on a subdued note as investors lost N77bn. The All-Share Index lost 118.66 points, representing a decline of 0.05 per cent, to close at... Read More →

Banks urged to deepen financial inclusion, MSME financing The Chartered Institute of Bankers of Nigeria and the Association of Corporate Communication and Marketing Professionals in Banks have called on banks to deepen financial inclusion, promote women’s empowerment and support the... Read More →

Cash outside banks drops by N486bn to seven-month low Cash held outside Nigeria’s banking system has declined to its lowest level in seven months in June 2026, reflecting a gradual return of physical currency to deposit money banks amid the... Read More →

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% 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 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 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 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 →