MARKETS

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has offered the Green Bond valued at N50 billion for subscription at N1,000 per unit. DMO in a statement on Tuesday revealed that it is a five-year Green Bond offer due in 2030 at interest rates of between...

The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s recent circular indefinitely suspending dividend payments by banks. Chairman of ASHON, Sam Onukwue, in a statement on Tuesday, said that the directive, issued on June 13, was said to ensure compliance with...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a revenue of N5.89 billion and a Profit After Tax (PAT) of N748 billion for the month of April The NNPC Ltd. disclosed this in its Monthly Report Summary for April, released on Thursday. The report highlights key statistics, including...

Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production witnessed...

The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, Nigerian capital market, and the nation's economy as whole. Speaking to the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of...

United Capital Asset Management (UCAML), a leading asset management company and subsidiary of United Capital Group, has announced the official launch of its latest mutual fund – The Children Investment Fund (CIF) at an event in Lagos on Monday. The Children Investment Fund is a naira-denominated, open-ended mutual fund designed...

The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading...

By Iheanyi Nwachukwu After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60,...

For the first time since February 2024, the Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 percent. CBN Governor Yemi Cardoso announced the decision on Tuesday in Abuja following the 300th Monetary Policy Committee (MPC) meeting. Cardoso said all 12 MPC members voted unanimously to hold...

The Central Bank of Nigeria (CBN) on Monday dismissed reports suggesting distress in a regulated financial institution, describing the claims as misleading and capable of triggering unnecessary panic in the financial system. In a press statement signed by the Acting Director of Corporate Communications, Mrs Hakama Sidi-Ali, the apex bank...