Nigeria’s financial system is expected to receive approximately ₦3.12 trillion in liquidity this week, primarily driven by the maturity of ₦2.97 trillion worth of Open Market Operations (OMO) instruments. This is according to the Financial Market Dealers Association (FMDA) weekly market review published on July 13. The projected liquidity injection represents an increase of […]
HBM Nigeria Plc has officially changed its trading symbol on the Nigerian Exchange (NGX) from WAPCO to HBMNG, marking another major milestone in the company’s transition from Lafarge Africa Plc to its new corporate identity. The development was disclosed in a notice signed by the company’s Company Secretary and Legal Director, Adewunmi Alode. The symbol
HBM Nigeria completes rebranding as NGX changes trading symbol from WAPCO to HBMNG Read More »
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
Nigerian equities market adds N1.86 trillion as broad-based rally strengthens recovery Read More »
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
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
Premium Pension, Trustfund Pensions propose merger to create Nigeria’s third-largest PFA Read More »
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,
Lekki Phase 1 leads Lagos Island rental growth with 35.9% five-year CAGR Read More »
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
FCMB shareholders approve ₦23.08 billion dividend as 2025 profit surges Read More »
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
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
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
Protecting Your Family Beyond Today: Planning for Life’s Uncertainties Read More »
