Fit Row

For more than two years, Nigerian businesses faced a difficult combination of high operating costs and expensive credit. Manufacturers borrowed at rates that squeezed already thin margins, smaller businesses struggled to finance working capital, while investors earned unusually high returns... Read More →

The Nigerian equities market closed the final trading session of September on a bearish note, as profit-taking dragged key benchmark metrics lower, eroding N425.73bn in investor wealth. At the close of transactions on Wednesday, the All-Share Index of the Nigerian... Read More →

Wall Street stocks rose early Wednesday following a stable US inflation reading and data showing better hiring than expected. Government data showed the US Federal Reserve’s preferred inflation gauge stood at 3.4 per cent year-on-year in August, unchanged from the... Read More →

Liquidity in Nigeria’s banking system climbed sharply to N8.84tn ahead of the settlement of the Central Bank of Nigeria’s latest Open Market Operation bills, raising expectations of a substantial cash withdrawal from the financial system. The latest liquidity position represents... Read More →

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it does not have a fixed date for its proposed Initial Public Offering (IPO), noting that the final decision to proceed rests with its shareholders. Bayo Ojulari, Group Chief Executive... Read More →

The foreign exchange market in Nigeria experienced a notable surge in activity for the week ended 25 September, 2026, driven by strong growth across both spot and derivatives transactions. According to market data released by FMDQ Group Plc, total turnover... Read More →

The Chartered Institute of Bankers of Nigeria is launching a strategic initiative to ensure macroeconomic gains reach the real economy and ordinary households as ongoing banking sector reforms and recapitalisation strengthen the balance sheets of the country’s top-tier lenders. Speaking... Read More →

Sterling Financial Holdings Company Plc has commenced its approved share capital reconstruction, consolidating every 10 existing ordinary shares into one new ordinary share. Following the expansion of its equity base through multiple rounds of capital raises, the exercise is designed... Read More →

OPay, a leading fintech company in Nigeria, has received two major honours at the 5th edition of the Consumers Value Awards, further highlighting the strong confidence Nigerian consumers place in the fintech brand. At the awards ceremony held on Wednesday,... Read More →

Nigerian equity market capitalization shed N468.63 billion to close at N163.530 trillion on Tuesday, September 29, 2026, as trading activity on the Nigerian Exchange (NGX) closed on a bearish note despite substantial liquidity. Investors traded a total of 548,646,300 equity... Read More →