- Economy
SEC commences full e-registration for capital market services
The Securities and Exchange Commission (SEC) has commenced the implementation of a fully electronic registration process for capital market operators, enabling designated regulatory services to be completed entirely online as part of efforts to modernise Nigeria’s capital market and improve regulatory efficiency. The Commission, in a statement issued on Wednesday, said the new electronic registration (e-Registration) platform, deployed through its…
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Communication strategy helped Nigeria to secure $30bn Paris Club debt relief, says Okonjo-Iweala
The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, on Wednesday recounted how a deliberate communication strategy helped Nigeria secure the landmark $30 billion Paris Club debt relief during the administration of former President Olusegun Obasanjo. Okonjo-Iweala spoke in Abuja at the public presentation of The Pain and the Promise, a new book by communications expert and public affairs analyst,…
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Presidential aide tackles CBN over tightened interest rate policy
Special adviser to President Bola Tinubu on economic affairs, Tope Fasua has called on the Central Bank of Nigeria’s (CBN) to rethink its monetary policy framework, stressing that Nigeria’s economic structure makes an aggressive interest rate regime less effective in tackling inflation while constraining growth. He spoke on Wednesday at the seventh Africa Emerging Markets Forum in Abuja. The president’s…
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Bagudu emphasises investment over aid as Canada affirms Nigeria as a strategic partner in Africa
The Chargé d’Affaires of the Canadian High Commission, Dr David Sproule, has affirmed that Nigeria is Canada’s strategic partner in Africa and has pledged continued collaboration to advance economic growth, youth employment, private-sector development, climate resilience, and institutional strengthening. Sproule spoke at a high-level meeting with the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, at the ministry’s…
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Aviation unions issue airlines fresh seven-day ultimatum over 5% TSC
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have issued a fresh seven-day ultimatum to airline operators to remit the outstanding five per cent ticket sale charges (TSC) owed to aviation agencies. A letter conveying the ultimatum was jointly signed by Frances Akinjole, general secretary of ATSSSAN, and Odinaka…
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Ecobank Group builds momentum in H1 2026, reports $423m profit before tax
Ecobank Group Plc on Wednesday announced its financial results for the first half of 2026, delivering resilient performance despite a challenging operating environment marked by geopolitical and macroeconomic pressures. The Group reported net revenue of $1.3 billion, up 15per cent year-on-year, and profit before tax of $423 million, up six per cent, supported by disciplined execution, operational efficiency and the…
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BREAKING: Wema Bank grows profit by 50.1% to N131.4bn in H1 2026
Wema Bank Plc on Wednesday announced its unaudited result and accounts for half year ended June 30, 2026 with profit after tax at N131.37 billion, about 50 per cent growth when compared to N87.5 billion reported in the half year (H1) ended Jun 30, 2025. The lender on the Nigerian Exchange Limited (NGX) posted profit before tax of N154.56 billion…
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H1 2026: HBM Nigeria delivers 57% increase in profit to N208bn
HBM Nigeria Plc has declared a Profit After Tax (PAT) of N208billion representing a 57per cent growth for the first half (H1) of 2026. The former Lafarge Africa Plc, a leading provider of innovative building solutions and manufacturer of a wide range of cement, ready mix, mortar and Plaster of Paris brandsNet sales grew by 31per cent in H1 2026,…
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Africa Prudential reinforces growth, digital transformation strategy at H1 2026 investor call
Africa Prudential Plc, a leading provider of share registration services and capital market solutions, successfully hosted its H1 2026 Investor call on Tuesday, convening institutional investors, shareholders, investment analysts, regulators, and members of the investment community to discuss the company’s financial performance, strategic priorities, and outlook. Africa Prudential reported another strong half-year performance, demonstrating strong corporate governance and resilience, and…
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HBM Nigeria, 34 others lift market capitalization by N482bn
The Nigerian stock market rebounded modestly, reversing the previous session’s as investors renewed buying interest in HBM Nigeria, 34 others lifted the market capitalization by N482 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 745.81 basis points or 0.30 per cent to close at 247,984.55 basis points. Consequently, the Month-to-Date and Year-to-Date returns edged higher to +8.1per cent…
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