Banks, fintechs report 42,082 suspicious transactions to NFIU
Banks, fintechs report 42,082 suspicious transactions to NFIU Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports to the Nigerian Financial Intelligence Unit in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter... Read More →
Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management
Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used.... Read More →
Stock Market Sustains Downward Trend, Drops by N3.54tn in Three Days
Stock Market Sustains Downward Trend, Drops by N3.54tn in Three Days The stock market section of the Nigerian Exchange Limited (NGX) has continued its downward trend, dropping by N3.54 trillion in its third consecutive day trading activities. The market that... Read More →
SEC sets 5pm cutoff for T+1 equities, commodities trade
SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central... Read More →
NGX sheds N613bn as bearish momentum persists
NGX sheds N613bn as bearish momentum persists The Nigerian Exchange Limited closed trading on Thursday on a slightly bearish note, extending a multi-day pullback. The All-Share Index declined by 949.71 points, or 0.39 per cent, to close at 243,017.38 points,... Read More →
Recapitalisation to drive H2 2026 lending, tech expansion
Recapitalisation to drive H2 2026 lending, tech expansion Nigeria’s banking industry is heading into the second half of 2026 with improved capital positions after completing the Central Bank’s recapitalisation exercise, as lenders are expected to channel the additional funds into... Read More →
CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer
CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand... Read More →
NGX sheds N1tn on sell-offs in BUA Foods, banking stocks
NGX sheds N1tn on sell-offs in BUA Foods, banking stocks The Nigerian equities market displayed notable volatility during trading on Wednesday, closing on a downward trajectory. The benchmark All-Share Index retreated to 243,967.09 points, down from Tuesday’s reading of 246,723.57.... Read More →
SEC sets 5pm cutoff for T+1 equities, commodities trade
SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central... Read More →
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions
In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions • Broadens OMO participation as individuals, corporates, non-bank financial institutions gain access to market through banks •Resumes tenored repo operations of up to 90 days to... Read More →