Fit Row

Money market rates declined on Wednesday as increased liquidity in the banking system pushed short-term funding costs lower. The development followed the Central Bank of Nigeria’s 350-basis-point cut in its policy rate to 23 per cent and the adjustment of... Read More →

NASD Plc has said it is seeking to raise N12 billion through a Rights Issue as the securities exchange strengthens its capital base and positions itself for its next phase of growth. The capital raise will support NASD’s regulatory recapitalisation... Read More →

Positive sentiments continued to dominate the  Nigerian stock market yesterday as gains in 28 stocks lifted the market  capitalisation by N622 billion. As a result, the Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 0.38 per cent to close... Read More →

FMDQ Exchange has recorded a total market turnover of N496.61tn between January and August 2026 across 162 business days, reflecting sustained liquidity and active market participation driven primarily by foreign exchange transactions and policy-linked fixed income instruments. The milestone, detailed... Read More →

Nigerian Exchange Group Plc has expanded access to its NGX Invest platform with the launch of a dedicated WhatsApp subscription channel, providing retail and institutional investors with an additional pathway to participate in primary market public offers. Investors can initiate... Read More →

NASD targets N12bn Rights Issue for growth, infrastructure NASD Plc has commenced a capital raising exercise to raise N12bn via a Rights Issue, aimed at strengthening its equity base, satisfying regulatory capital requirements, and funding its transition into a composite... Read More →

Nigeria’s foreign reserves have increased by more than $21bn since Olayemi Cardoso became Governor of the Central Bank of Nigeria, giving the country a much bigger dollar buffer than it had when he took office. The reserves stood at $54.61bn... Read More →

The Nigerian equities market maintained a strong bullish momentum on Wednesday, as trading activities closed on a positive note across major market indicators, lifting the All-Share Index to an all-time peak. The benchmark All-Share Index advanced by 0.23 per cent... Read More →

Airtel Money has announced plans to list its shares on the London Stock Exchange in a proposed initial public offering, as the African digital financial services business moves toward a potential public listing. The company, which operates across 13 African... Read More →

Nigeria’s listed technology and telecommunications stocks posted mixed performances on Tuesday with come major stocks coming under pressure, while others held steady or extended recent gains. The performance came a day after the Nigerian Exchange (NGX) All-Share Index crossed the... Read More →