Daily Business Reporter

Nigerian equities market adds N1.86 trillion as broad-based rally strengthens recovery

Economy, Life & Work /

  The Nigerian equities market extended its bullish momentum on Tuesday, July 7, 2026, with widespread buying across banking, industrial goods, consumer goods, oil and gas, and insurance stocks lifting the market for the second consecutive session. The NGX All-Share Index (ASI) advanced 1.24% to close at 237,083.28 points, up from 234,178.23 points recorded on […]

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Flutterwave secures Circle Ventures investment to expand USDC-powered cross-border payments

Economy, News /

Flutterwave has announced a strategic investment from Circle Ventures, the venture capital arm of Circle Internet Group Inc., as the African fintech accelerates its push to integrate stablecoin settlements into its payment infrastructure. The investment follows Flutterwave’s participation in the launch of the Circle Payments Network in 2025 and is aimed at enabling businesses to

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Premium Pension, Trustfund Pensions propose merger to create Nigeria’s third-largest PFA

Economy, Life & Work /

  Premium Pension Limited and Trustfund Pensions Limited have proposed a merger that would create Nigeria’s third-largest Pension Fund Administrator (PFA) by assets under management. The proposed transaction was disclosed in a merger notification published by the Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday. If approved by the relevant regulators, the two companies

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Lekki Phase 1 leads Lagos Island rental growth with 35.9% five-year CAGR

Economy, News /

  Lekki Phase 1 has emerged as the fastest-growing residential rental market on Lagos Island, recording a five-year compound annual growth rate (CAGR) of 35.9%, the highest among the four major prime residential submarkets monitored. This is according to the Lagos Island Residential Market Report 2026 published by Lagos Realty, which tracks residential rental prices,

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FCMB shareholders approve ₦23.08 billion dividend as 2025 profit surges

Economy /

  Shareholders of FCMB Group Plc have approved a total dividend payout of ₦23.08 billion for the 2025 financial year at the company’s 13th Annual General Meeting (AGM) held in Lagos on June 30, 2026. During the meeting, shareholders approved all resolutions presented by the Board, including the re-election of Mr. Ladi Jadesimi, the ratification

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Federal Workers Forum demands N300,000 minimum wage, payment of outstanding worker entitlements

Economy /

  The Federal Workers Forum (FWF) has called on the Federal Government to approve a N300,000 national minimum wage, while also demanding the immediate payment of outstanding wage awards, salary arrears, and other benefits owed to workers. The demand was made by the Forum’s National Coordinator, Andrew Emelieze, in a statement issued on Monday in

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CBN plans N2 trillion Treasury Bills issuance in July as liquidity tightening gathers pace

Economy /

The Central Bank of Nigeria (CBN) plans to issue N2 trillion in Treasury Bills (T-bills) across three auction dates in July 2026, compared with just N647.79 billion in bills scheduled to mature during the month. The issuance programme implies a net liquidity withdrawal of approximately N1.35 trillion, making it the largest monthly net T-bill withdrawal

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Protecting Your Family Beyond Today: Planning for Life’s Uncertainties

Economy, Insurance /

One of our core beliefs at Coronation Life Assurance is that the best preparation for tomorrow is doing your best today. This belief is the catalyst for our recently concluded webinar titled Protecting Your Family Beyond Today: Planning for Life’s Uncertainties. Muibat Jimoh, Executive Director of Coronation Life Assurance Limited, set the stage for the

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Citi forecasts $60 oil price: What it could mean for Nigeria’s economy

Economy /

  A new forecast by Citi projecting that Brent crude oil prices could decline to $60 per barrel by the end of 2026 has raised fresh concerns about Nigeria’s fiscal outlook, foreign exchange earnings, and overall macroeconomic stability. The projection comes after Brent crude retreated sharply from a peak of about $115 per barrel recorded

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Nigerian equities market extends losing streak as investors lose N877.9 billion

Economy /

  The Nigerian equities market remained under sustained selling pressure on Thursday, July 2, 2026, with the benchmark NGX All-Share Index (ASI) declining by 0.61% to close at 224,321.97 points, down from 225,690.07 points recorded in the previous trading session. The market downturn wiped approximately N877.91 billion from investors’ portfolios, reducing total market capitalisation to

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