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Nigeria’s Central Bank has just made a move that’s both expected and telling. Holding the Monetary Policy Rate (MPR) steady at 26.5% for the second time in a row, Governor Olayemi Cardoso, and the monetary policy committee are sending a…
Lagos State’s latest plan to raise N200 billion through bond issuance is a headline that should grab every Nigerian’s attention, not just those in finance or government. When Lagos borrows this kind of money, it’s not just about numbers on…
Nigeria’s economy is a tale of two realities. On paper, the government tracks GDP, collects taxes, and designs policies based on a formal economy that’s visible and measurable. But the story on the ground is very different. There’s a parallel…
Nigerian Stocks Gain 6.35% in One Week as Bulls Takeover Last week, Nigerian equities surged by 6.35%, signaling a notable shift in market dynamics. Despite the NGX All-Share Index closing nearly flat on Friday at 243,798.76 points, the weekly performance…
Nigerian Navy Cracks Down on Illegal Refineries in Rivers State: What It Means for the Oil Sector The Nigerian Navy has dismantled four illegal refining sites in Rivers State, recovering approximately 43,000 litres of petroleum products suspected to be illegally…
NGX Meets FTSE Russell in London to Address T+1 Settlement Concerns The Nigerian Exchange Group (NGX) recently took a crucial step in engaging with FTSE Russell and international investors in London to discuss concerns surrounding Nigeria’s T+1 settlement cycle. This…
Headline: Nigeria’s Equity Mutual Funds Shrink Nearly 12% in NAV by June 2026: What Investors Should Know Nigeria’s equity mutual fund segment has seen a significant contraction in net asset value (NAV), dropping from N266.82 billion to N234.86 billion as…
Lagos Expands Rail Master Plan: What It Means for the City’s Future Lagos State has announced an expansion of its Strategic Transport Master Plan (STMP), now including 11 rail lines and one monorail. This ambitious move aims to tackle the…
Headline: Nigeria’s 2026 Market Rally: The Hidden Role of ‘Zombie Stocks’ Nigeria’s stock market rally in 2026 has attracted widespread attention, but beneath the surface lies a critical dynamic: the rise of ‘zombie stocks.’ These are companies that continue to…
First HoldCo Approves N253 Billion Capital Raise to Hit N1 Trillion Paid-Up Capital First HoldCo Plc, the parent company of FirstBank of Nigeria, has secured shareholder approval for a capital raise of N253.099 billion. This move will increase the group’s…
