Market Updates

REA plans N500bn capital-market raise The Rural Electrification Agency says it will go to the capital market to raise N500bn, backed by a new renewable asset management company designed to hold and leverage federal solar investments worth $200m to $300m. The Managing Director of the agency, Abba Aliyu, disclosed this... Read More →

CBN holds benchmark rate steady in disinflation phase The Central Bank of Nigeria has again held the Monetary Policy Rate at 27 per cent, marking the fourth pause this year as it prioritises stability amid a slowing but still elevated inflation cycle. With disinflation gaining ground, firmer reserves and a... Read More →

FX reforms ignite confidence as inflows hit $20.98bn One of the most visible signs of renewed confidence in Nigeria’s economy is the transformation of the foreign exchange market, where reforms driven by the Central Bank of Nigeria have attracted foreign capital inflows worth $20.98bn in the first 10 months of... Read More →

FG begins $100m equity funding for oil firms The Federal Government, through its Nigerian Content Development and Monitoring Board, on Tuesday signed a memorandum of understanding with the Bank of Industry to manage the $100m allotted to the newly established equity investment scheme. At the ongoing Practical Nigerian Content Forum,... Read More →

CBN orders 48-hour refunds for APP fraud victims The Central Bank of Nigeria has proposed new rules requiring banks and other financial institutions to refund victims of Authorised Push Payment fraud within 48 hours of investigations being concluded. This is according to the draft “Guidelines for Handling Authorised Push Payment... Read More →

‘Nigeria needs preventive risk frameworks’ The Head of the Civil Service of the Federation, Didi Walson-Jack, has called on institutions in the country to shift from reactive responses to preventive, forward-looking strategies in risk management. Walson-Jack made the call in Abuja at the 15th Annual Risk Professionals International Conference, organised... Read More →