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President/Chief Executive, Dangote Industries Limited, Aliko Dangote (Right) with Managing Director, International Finance Corporation, Makhtar Diop, in Washington DC, United States.
Category: Capital Market/Banking
ESM, AfDB Seal Financial Stability MoU
The European Stability Mechanism (ESM) and the African Development Bank Group (AfDB) on Thursday signed a Memorandum of Understanding (MoU) to formalise and strengthen cooperation between the two institutions.The agreement was signed on the sidelines of the 20...
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L-R: Independent Non-Executive Director, Mrs. Olusola Oworo; Managing Director/CEO, Mr. Girish Sharma; Chairman and Independent Non-Executive Director, Prof. Fabian Ajogwu; Independent Non-Executive Director, Mrs. Vivian Shobo, and Vice – Chairman and Non- E...
Pressure Mounts On World Bank To Halt Factory Farming Funding
By Moses Ebosele, ebosele@hotmail.com More than 30 civil society organisations have urged the World Bank Group to halt financing for industrial livestock production and redirect investments toward sustainable, small-scale food systems that safeguard people, an...
NGX, BOI Deepen SME Financing Drive In Kano
Nigerian Exchange Limited (NGX) and Bank of Industry (BOI) have reinforced efforts to integrate small and medium-sized enterprises (SMEs) into Nigeria’s formal capital market, taking their financing advocacy to Kano as part of a broader national engagement d...
Guinness Nigeria Surpasses ₦1trn Market Capitalisation
Guinness Nigeria Plc has crossed the ₦1 trillion market capitalisation threshold on the Nigerian Exchange (NGX), marking a significant milestone that reflects strong investor confidence and sustained value creation.As of April 10, 2026, the company’s marke...
CIBN, ICPC Academy Strengthen Ties
The Chartered Institute of Bankers of Nigeria (CIBN) has reaffirmed its commitment to promoting ethics and professionalism in the financial services sector following a courtesy visit by the ICPC Anti-Corruption Academy of Nigeria (ACAN) at the Bankers House in...
Elumelu Welcomes 720 UBA Graduate Trainees, Confirms 300 Contract Staff As Full Employees
Chairman of United Bank for Africa, Tony Elumelu, on Thursday addressed 720 graduate trainees drawn from Cohorts 19 and 20 of the bank’s Graduate Management Acceleration Programme (GMAP) from across Africa.Speaking during the engagement, Elumelu said the pro...
Pension assets hit N29.43trn
NIGERIA’S pension assets rose to N29.43 trillion in February, representing a month-on-month increase of N1.39 trillion.This is according to data released by the National Pension Commission (PenCom).The latest figure represents the strongest monthly expansion...
Nigeria Regains FTSE Frontier Market Status
Nigeria has been restored to Frontier Market status by FTSE Russell, marking a major milestone in the country’s return to global investment indices and signalling fresh opportunities for international investors.The reclassification from “Unclassified” to...
Stock Rebounds After Easter, Investors Gain N208b
The Nigerian stock market on Tuesday reopened after the Easter holiday on a bullish note, as investors recorded a gain of N208 billion amid renewed buying interest in key equities.Market capitalisation rose by 0.16 per cent, increasing from N129.806 trillion.....
CBN Approves Flutterwave’s Banking Services Drive
FLUTTERWAVE has secured regulatory approval from the Central Bank of Nigeria (CBN) to provide banking services in Nigeria.The Founder and Chief Executive Officer of Flutterwave, Olugbenga Agboola, disclosed this in a statement issued on Friday.Agboola said the...
Edun Commends NUPRC As Oil Production Hits 1.84mbpd, Urges Push To 2mbpd
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for steering Nigeria’s petroleum sector to a production level of 1.84 million barrels per day.Edun gave t...
Profit Taking Triggers N3b Loss In Stock Market
The Nigerian stock market closed on Thursday on a bearish note, shedding N3 billion in market value amid mild profit-taking.The decline was driven by sell-offs in equities, including John Holt, Abbey Mortgage Bank, International Energy Insurance, CHAMS, Tantal...