Nigeria’s external reserves have increased by $7.09 billion since the beginning of 2026, reaching $52.66 billion as of August 19, according to the latest figures from the Central Bank of Nigeria (CBN). The latest level represents a 15.6% increase in less than eight months, up from the $45.57 billion recorded on January 2, 2026. […]
Nigeria’s external reserves rise $7.09bn to $52.66bn in 2026 Read More »
Tax crimes and fraud accounted for more than 50% of financial crime intelligence reports disseminated to law enforcement and regulatory authorities in Nigeria in 2025, highlighting the continued prevalence of financial-related offences in the country. The figure was contained in the Nigerian Financial Intelligence Unit (NFIU) 2025 Annual Report, which highlighted persistent risks to
Tax crimes, fraud account for over 50% of financial crime intelligence reports in 2025 Read More »
Fidelity Bank Plc has obtained approval from the Nigerian Exchange Limited (NGX) to extend the deadline for the publication of its audited financial statements for the half-year ended June 30, 2026, to September 30, 2026. The extension was disclosed in a notice dated August 21, 2026, and signed by the bank’s Company Secretary, Ezinwa Unuigboje.
Fidelity Bank extends deadline for H1 2026 audited financial statements to September 30 Read More »
MTN Group has secured conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited, marking significant progress toward completing one of Africa’s largest telecommunications infrastructure transactions. The development was disclosed in MTN Group’s half-year 2026 financial results released on Monday. What they are
MTN secures conditional FCCPC approval for proposed $6.2bn IHS acquisition Read More »
MTN Group has announced a R6 billion ($375 million) share repurchase programme as the telecommunications giant reported strong earnings growth for the first half of 2026 and reaffirmed its medium-term financial targets. The buyback was disclosed in the group’s interim financial results for the six months ended June 30, 2026. What the data is
MTN Group announces $375m share buyback as H1 EBITDA rises 24.4% Read More »
Lagos requires approximately N6 trillion annually to bridge its housing capital gap, as the state’s housing deficit has risen to 3.4 million units, according to findings presented at a housing and capital forum organised by GTI Group Ltd on Thursday, August 20, 2026. The figures were disclosed by Prof. Timothy G. Nubi, Founding Director
Lagos requires N6tn annually to bridge housing capital gap as deficit hits 3.4m units Read More »
The Federal Airports Authority of Nigeria (FAAN) has removed a company accused of collecting N25,000 parking fines from motorists at the Nnamdi Azikiwe International Airport, Abuja. The development was disclosed by Michael Achimugu, Director of Public Affairs and Consumer Protection at the Nigerian Civil Aviation Authority (NCAA), in a post on his official X
FAAN Removes Company Over Alleged N25,000 Parking Fines at Abuja Airport Read More »
The penalty, which relates to practices between 2020 and 2022, is the second-largest fine imposed under the European Union’s General Data Protection Regulation (GDPR), according to the Dutch regulator. What they are saying The Dutch Data Protection Authority said Uber failed to provide drivers with adequate information about how automated decision-making was used when
Seplat Energy Plc’s market capitalisation has climbed to $5.24 billion, pushing the value of the 20.07% stake held by Heirs Holdings above the $1 billion mark as the energy company’s share price continues to rally strongly in 2026. Heirs Holdings, the investment vehicle of Nigerian billionaire Tony Elumelu, became Seplat’s largest shareholder in December 2025
Seplat Market Value Hits $5.24 Billion as Heirs Holdings’ Stake Crosses $1 Billion Read More »
The Nigerian equities market extended its bearish run on Thursday, August 20, 2026, as renewed selling pressure across major sectors wiped approximately N440.33 billion off market capitalisation, marking the eighth consecutive trading session of losses. The benchmark NGX All-Share Index (ASI) declined 0.30% to 240,037.80 points, down from 240,750.47 points in the previous session, bringing
