Fit Row

NGX rally drives Nigeria’s frontier market re-entry International index provider FTSE Russell has officially restored Nigeria’s status to ‘Frontier Market’, a significant upgrade that reflects the sweeping infrastructure improvements and liquidity gains within the Nigerian Exchange. The decision, according to... Read More →

Lagos, FCMB unveil $500m human capital governance programme The landscape of public service delivery in Lagos State is undergoing a systemic transformation as the state government, in collaboration with the World Bank and First City Monument Bank, scales the Human... Read More →

SEC, NGX, Others Engage African Exchanges on Cross-border Listings The Securities & Exchange Commission ((SEC), NGX Group Plc and other capital market stakeholders in Africa recently convened in Lagos to advance cross-border listings and deepen integration across the continent’s capital... Read More →

Currency Outside Banks Down 3.66%, Currency in Circulation Unchanged at N5.73trn Nigeria’s cash holdings outside the banking system eased in February 2026, reflecting a moderation in cash demand after the year-end spending surge as currency outside banks declined by 3.66... Read More →

Remittance outflows drop 36% as reforms stabilise economy Remittance outflows declined by N689.55m in 2025, reflecting a 36.09 per cent drop compared to 2024, according to data obtained from the Central Bank of Nigeria on Tuesday. Remittance outflows are money... Read More →

Zenith Bank records N1.26tn profit, proposes N10 dividend Zenith Bank Plc has announced its audited financial results for the year ended 31 December 2025, reporting a profit before tax of N1.26tn. This performance follows a high base of N1.33tn recorded... Read More →

T-Bill yields drop amid N6tn liquidity surge The Nigerian Treasury Bills secondary market maintained a strong bullish trajectory last week as an unprecedented surge in system liquidity pressured yields downward, according to the latest fixed-income analysis from Afrinvest Securities on... Read More →

Naira settlement policy reshapes Nigeria’s remittance landscape The Central Bank of Nigeria’s new naira settlement rule for diaspora remittances marks a notable shift in policy, with implications for recipients, foreign exchange flows, and market operations, JUSTICE OKAMGBA writes the Central... Read More →

DMO raises borrowing cost of FGN Bonds, crashes allotment to N485.50 billion The Debt Management Office (DMO) has increased borrowing costs at its latest Federal Government (FGN) bond auction conducted on Monday, March 30 while significantly cutting allotments to N485.50... Read More →

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March The naira weakened slightly to N1,387/$ on Tuesday, compared to N1,386.75/$ recorded in the previous session. This is according to data from the Central Bank of Nigeria (CBN). The marginal... Read More →