- Perspectives
Adversaries’ gathering against “anointed one” always end in tragedy, by Kola Amzat
It’s curious that Alhaji Atiku Abubakar, Peter Obi and other key political figures in the opposition camps have refused to come to terms with the mysterious events that culminated into the emergence of Asiwaju Bola Tinubu as the APC’s 2023 presidential candidate. It’s already in the public domain that the ex-Lagos governor wasn’t the preferred choice of the deceased ex-president-Muhammud…
Read More » - Business
Terror financiers: SEC directs CMOs to freeze assets linked to six individuals, three firms
The Securities and Exchange Commission (SEC) has directed capital market operators to freeze assets belonging to six individuals and three firms designated as terrorist financiers. The directive was contained in a circular signed by the SEC management on June 26, 2026, and published on the commission’s website on Wednesday. SEC said the Nigeria sanctions committee (NSC) designated the individuals and…
Read More » - Economy
DMO to auction N425bn FGN bonds
The Debt Management Office (DMO) has offered N425 billion worth of Federal Government of Nigeria (FGN) bonds for subscription through auction. In a circular on Thursday, the debt office said the offering, comprising three re-openings, are scheduled for August 17, while settlement is expected on August 19. The offer comprises N250 billion of the 22.60 percent FGN January 2035 bond,…
Read More » - Business
SEC fixes 5pm T+1 settlement deadline for equities, commodities
The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System (CSCS). The Commission made this clarification in a circular issued on Wednesday to capital market operators and other market participants as part of the…
Read More » - Economy
Nigeria’s crude oil output holds above 1.5mbpd for third consecutive month, says OPEC
The Organization of the Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production remained above 1.5 million barrels per day (bpd) for the third consecutive month in July 2026 despite a decline from the previous month. OPEC in its latest Monthly Oil Market Report revealed that Nigeria’s crude oil output fell to 1.505 million bpd in July from…
Read More » - Economy
Nigerian equities market drops by N1.76trn on surge profit- taking in BUA Foods
The equities market section of the Nigerian Exchange Limited (NGX) on Wednesday depreciated by N1.76 trillion over investors profit taking in BUA Foods Plc and 27 others. As BUA Foods dropped by 10 per cent or N84.50 to close at N760.60 from N845.10, the market capitalisation dipped by N1.76trillion or 1.1 to N157.494 trillion from N159.255 trillion it opened for…
Read More » - Business
CBN injects N5.21trn into banking system in one week
The Central Bank of Nigeria (CBN) pumped a net N5.21 trillion into the banking system over the past week, with a single N2.48 trillion Open Market Operations (OMO) repayment on August 11, the week’s largest one-day liquidity injection. This is according to the financial data published by the apex bank on Tuesday, August 11 and 4. The robust liquidity injection…
Read More » - Uncategorized
GTBank increases international spending limit on naira card by 566.7% to $40,000
The Guaranty Trust Bank (GTBank) has increased the quarterly international spending limit on its naira cards to $40,000. The latest limit represents a 566.7 percent increase from the $6,000 limit in May and 100 percent increase compared to the $20,000 limit as at August 10. The lender announced the increase in an email to customers on Tuesday. “Dear Customer, The…
Read More » - Business
Investdata Consulting holds investment summit for teens, youths
As part of its contribution to a deliberate mindset shift from spending to investment and birth a new generation of investors that will dominate Nigeria’s investment horizon over the next few decades, Investdata Consulting Limited has made arrangement for its maiden Teenage and Youths Investing summit. The summit is scheduled for 10am prompt on Saturday 15, 2026, at LUXE XXXV,…
Read More » - Economy
BREAKING: Nigerian equities market crosses N160trn mark
As investors’ confidence persists, and companies declare impressive earnings, the equities market section of the Nigerian Exchange Limited (NGX) on Monday crossed the N160 trillion mark. The market capitalization of the NGX gained N1.91 trillion or 1.2 per cent to close on Monday at N160.421 trillion from N158.513 trillion it closed for trading the previous week. Also, the NGX All…
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