Market Updates

CBN survey: 87.5% of Nigerian fintechs use AI for fraud detection About 87.5% of Nigerian fintech companies now deploy artificial intelligence (AI) for fraud detection, highlighting how risk management concerns are shaping technology adoption across the country’s fast-growing digital finance ecosystem. This is according to the Central Bank of Nigeria’s... Read More →

Fintechs seek CBN clarity on permissible activities in crypto market  Fintech operators in Nigeria are urging the Central Bank of Nigeria (CBN) to clearly define which cryptocurrency-related activities are permitted for licensed institutions. This call comes amid persistent regulatory uncertainty that industry players say is constraining innovation, investment, and broader institutional participation in... Read More →

Transcorp Hotels reports N32.8 billion FY2025 profit, declares final dividend Transcorp Hotels posted a full-year pretax profit of N32.8 billion in 2025, up 45.1%, driven mostly by strong revenue, which grew 38.36% to N97 billion. The growth was further encouraged by the reversal of a financial asset impairment, which turned... Read More →

Stock Market Commence February on Positive Note as Market Cap Adds N9bn The Nigerian stock market yesterday commenced February 2026 trading activities on a positive note, as the major bench appreciated by 0.01 per cent.  The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 14.24 basis points or... Read More →

Naira closes January at 1,386/$ in official market The naira showed resilience in the final week of January 2026, gaining significant ground against the United States dollar in the official Nigerian foreign exchange market. According to data from the Central Bank of Nigeria, the Nigerian foreign exchange market rate, which... Read More →

How financial reforms lifted Nigeria off EU high-risk list The European Union’s decision to remove Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing has underscored the tangible benefits of reforms implemented by the Central Bank of Nigeria, according to industry observers. They noted that the... Read More →