Capital Market – City Business News

April 10, 2026 No Responses

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 programme had continued...

April 9, 2026 No Responses

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...

April 8, 2026 No Responses

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...

April 3, 2026 No Responses

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...

April 3, 2026 No Responses

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...

April 2, 2026 No Responses

Lagos Seals Access Bank Branch Over Attack On Officials

The Lagos State Government has sealed an Access Bank branch in Victoria Island over alleged environmental violations and an attack on its enforcement officers.This was disclosed in a Wednesday statement by the Lagos State Commissioner for the Environment and W...

March 30, 2026 No Responses

FG, Access Bank Reaffirm Commitment To Women Empowerment

The Federal Government (FG) has reiterated its commitment to empowering women as key drivers of the nation’s creative economy, with a focus on expanding access to finance, skills development and leadership opportunities.The Minister of Art, Culture, Tourism ...

March 24, 2026 No Responses

SEC Nigeria DG, Agama Re-Elected AMERC Vice Chair

The Securities and Exchange Commission Nigeria (SEC Nigeria) has announced the re-election of its Director-General, Emomotimi Agama, as Vice Chair of the Africa/Middle-East Regional Committee (AMERC) of the International Organization of Securities Commissions ...

March 17, 2026 No Responses

Popoola In London, Highlights Nigeria’s Capital Market Re-rating

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temi Popoola, has said Nigeria’s capital market is undergoing a re-rating as global investors begin to reassess the country’s economic trajectory and investment pot...

March 16, 2026 No Responses

Tinubu Swears In Taiwo Oyedele As Minister Of State For Finance

President Bola Tinubu on Monday swore in Mr. Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance, extolling his determination and dedication to duty.President Tinubu, who spoke after the....

March 16, 2026 No Responses

Nigeria’s Stock Market Crosses 200,000 Points, Market Cap Hits ₦129.33trn

Nigeria’s equities market reached a historic milestone on Monday as the Nigerian Exchange Limited All-Share Index (ASI) crossed the 200,000-point mark, buoyed by strong investor demand and gains across major sectors of the market.The benchmark index climbed ...

March 16, 2026 No Responses

NGX Group CEO:Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partne...

March 14, 2026 No Responses

Deap Capital Unveils Recapitalisation Agenda, Strategic Investor Deal

Deap Capital Management & Trust Plc has unveiled plans to strengthen its financial position through a capital raising programme, debt restructuring and the introduction of a strategic investor as part of efforts to reposition the company for sustainable gr...

March 11, 2026 No Responses

Tinubu nominates Lamido Abubakar Yuguda As CBN Deputy Governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate.The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria...