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Guinea Insurance signs N5.8bn Rights Issue Guinea Insurance Plc has signed agreements for its N5.8bn Rights Issue to strengthen its capital base and reposition for growth. The company said the move marked a key step in its strategy to expand... Read More →

FX trades drive FMDQ turnover to N60.77tn in January FMDQ Group recorded a massive total turnover of N60.77tn for the month of January as the Nigerian financial markets opened 2026 with a surge in liquidity. The performance, detailed in the... Read More →

Recapitalisation: One week to deadline, banks in last-minute rush Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline, with the apex bank expected to make a major announcement this week as the March 31,... Read More →

Low-priced tech stocks lead NGX gains in 2026 Smaller technology stocks are emerging as a key source of returns for investors on the Nigerian Exchange (NGX) in 2026, as market activity broadens beyond large-cap names to include lower-priced, high-growth counters.... Read More →

Guinea Insurance targets N5.8bn via Rights Issue Guinea Insurance Plc has officially kicked off its recapitalisation journey with the launch of a N5.8bn Rights Issue in a decisive move to solidify its market position and meet looming regulatory requirements. The... Read More →

SEC raises capital thresholds for market operators The Securities and Exchange Commission has officially raised the minimum capital requirements for all Capital Market Operators in a move designed to overhaul the backbone of Nigeria’s financial ecosystem. The new directive, rooted... Read More →

Despite Tax Credit, 28 NGX Listed Firms Paid N2.5trn Tax in 2025 Despite the road infrastructure tax credit scheme of the federal government, 28 companies listed on the Nigerian Exchange Limited (NGX) paid an estimated N2.5trillion tax to Federal Inland Revenue... Read More →

Direct Remittances Show Resilience, Jumped 97% YoY to $107.47m in January Nigeria’s diaspora inflows continued to show resilience, with total direct remittances reaching $1.22 billion in 2025 and sustaining strong momentum into the new year, according to the latest international... Read More →

Naira slips 1,385/$ amid Middle East tension The naira has come under renewed pressure in the foreign exchange market, slipping to N1,385 per US dollar as escalating conflict in the Middle East sends shockwaves through global financial systems. The local... Read More →

Stock rally lifts NGX ASI beyond 200,000 milestone Nigeria’s stock market hit a major milestone on Monday, with the NGX All-Share Index crossing the 200,000-point mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark index... Read More →