MARKETS

The National Insurance Commission (NAICOM) has given life insurers companies in Nigeria a six-month deadline to comply with a new annuity guideline. According to the Commission, any of the companies that will not be able to meet the new requirement within a period of 180 days, equal to six months...

Representing an N20 increase within a day, the Nigerian naira appreciated against the U.S. dollar in the parallel market on Friday, closing at N1,610/$1. The naira closed at N1,630/$1 on Thursday. The euro also saw a drop, closing at N1,655/€1, marking a 0.91% appreciation of the naira against the European...

Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed Katsina State’s commitment to sustainable economic development and underscored the importance of strategic...

...begins final settlement of $7bn FX backlog           The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to embrace the principles of the Nigeria Foreign Exchange (FX) Code wholeheartedly, cautioning that any individual or institution that violates the FX...

Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe has highlighted the growing presence of mid-level investors in the Nigerian capital market, emphasizing their critical role in boosting market liquidity. Speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 Market Review and 2025...

The Central Bank of Nigeria (CBN) says it will tomorrow, the 28th day of January, 2025, launch the Nigerian foreign exchange (FX) code as a guideline to promote the conduct of authorised dealers in the forex market. CBN In a statement announced that it approved the release of the code,...

• secures regulatory approval for new capital Zenith Bank Plc has raised N350.4 billion through its recently concluded hybrid Rights Issue and Public Offering. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, the bank announced that it has secured the full regulatory approval of the Central...

One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades. This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, its...

• projects 39% returns The Nigerian stock market is expected to witness significant growth in 2025, with ongoing bank recapitalization efforts, new equity listings, and anticipated monetary policy easing by the Central Bank of Nigeria (CBN), driving new expectations. The Managing Director of Arthur Steven Asset Management Limited (ASAM), and...

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has announced plans to establish a Compliance Department by February. Cardoso made the announcement during the launch of 2025 Macroeconomic Outlook Report, titled “Stabilisation in Transition: Rethinking Reform Strategies for 2025 and Beyond” by the Nigerian Economic Summit...