Fit Row

Nigeria’s World Bank debt to hit $9.65bn World Bank loans to Nigeria between 2023 and 2025 are projected to reach $9.65bn by the end of this year as fresh approvals, ongoing negotiations, and disbursements gather pace across key sectors. The... Read More →

Banks seek new revenue channels as FX gains fade As the massive foreign exchange gains that banks enjoyed in the wake of the harmonisation of the FX market dry up, market watchers say lenders are actively seeking ways to open... Read More →

ETERNA PLC targets N21.52bn through rights issue to fund expansion and strengthen balance sheet EternaPlc has announced a N21.52 billion rights issue of 978,108,485 ordinary shares at N22 per share to strengthen its balance sheet and fund strategic expansion across... Read More →

Naira plunges to N1,950/£1 as holiday rush fuels British Pound Sterling surge The British Pound marginally depreciated toward the N1,935 support level at the official market and N1,950 at the unofficial market during the mid-week trading session. CBN data showed... Read More →

NGX Expands Market Offerings with Introduction of Commercial Paper Listings Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission (SEC), marking another significant expansion of its product suite in a year defined... Read More →

NGX extends bullish run with N97bn investor gain The Nigerian Exchange Limited extended its bullish trading on Thursday with a N97bn gain for investors. Both the All-Share Index and the market capitalisation inched up by 0.10 per cent to 145,476.15... Read More →

SEC set to launch USSD code, ISS Audio The Securities and Exchange Commission is set to unveil two innovative products: a USSD Service and ISS Audio, designed to democratise information dissemination and enhance investor engagement. In a statement on Wednesday,... Read More →

Raise standards in new tax regime, CITN urges professionals The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, has charged tax professionals across the country to rise to the demands of Nigeria’s... Read More →

AMCON repays N3.6tn, intensifies global asset hunt The Asset Management Corporation of Nigeria, the government-owned agency established in 2010 to stabilise and revitalise the Nigerian financial system, announced on Wednesday that it has so far repaid about N3.6tn to the... Read More →

NGX unveils commercial paper listings Nigerian Exchange Limited has introduced Commercial Paper listings, following approval from the Securities and Exchange Commission. In a statement from the NGX on Wednesday, the new market offering will deepen Nigeria’s short-term debt market. The... Read More →