- Business
CSCS declares 186% increase in profit as board approves first ever interim dividend
The Board of Directors of Central Securities Clearing System (CSCS) Plc under the leadership of its Chairman, Mr. Temi Popoola, has approved an interim dividend of N1.00 per ordinary share for the six months ended 30 June 2026, marking the first interim dividend in the Company’s history. Reflecting the Board’s confidence in CSCS’ long-term strategy, the landmark decision marks an…
Read More » - Economy
NDIC to host 2026 IADI – ARC annual meeting workshop
The Nigeria Deposit Insurance Corporation (NDIC) said all is set to host the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual Meeting and Workshop in Abuja – Nigeria with the Theme: “Safeguarding Stability: Public Awareness and Crisis Readiness for a Stronger Future” The 4-day high-level regional engagement will gather Chief Executives, Directors and senior officials of deposit…
Read More » - Company Report
Weak revenue down Transcorp Power’s profit after tax by 12.6% in H1 2026
Influenced by weak revenue, Transcorp Power Plc has announced its unaudited financial results for the half year (H1) ended June 30, 2026 with N38.5 billion profit after tax, about 12.6 per cent drop from N44.05 billion reported in half year (H1) ended June 30, 2025. One of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc from…
Read More » - Perspectives
Six Oyo aspirants rejection of Alli’s gubernatorial candidature stands abhorred, by Kola Amzat
Few days ago at a reconciliation meeting in Ibadan, six (6) Oyo gubernatorial aspirants firmly declared to Senator Femi Lanlehin’s led reconciliation committee that as far they are concerned, the party was yet to have a recognised governorship candidate for the forthcoming polls. To the discerning heart and the logically-minded, the implication of the aspirants’ declaration is that they probably…
Read More » - Business
CBN to maintain monetary policy rate at 26.50%, says Analysts
A group of analysts at Cordros Research have hinted that the Monetary Policy Committee (MPC)of the Central Bank of Nigeria (CBN) will retain its monetary policy rate at 26.50 per cent, while keeping other parameters constant. The committee will hold its 306th meeting on 20 – 21 July 2026. The analysts at Cordros Research stated that, “ We believe the…
Read More » - Economy
Nigerian banks may raise N1.7trn amid CBN’s 20% HoldCo buffer, says RenCap
Renaissance Capital (RenCap) has warned that Nigerian banks could be required to raise more than N1.7 trillion in fresh capital and undertake major restructuring of their group operations if the Central Bank of Nigeria (CBN) proceeds with its proposed Financial Holding Company (FHC) framework. In a report titled “Nigerian Banks: More Capital, Declining Returns” published on July 16, 2026 and…
Read More » - Perspectives
Seeking proper understanding of the biblical “writing on the wall” to avoid misleading Nigerians, by Kola Amzat
In desperation to impugn the character of the president and what he stands for, as well as cast doubts and aspersions on the government policies, agenda and programs, public analysts and commentators who have sympathy for the opposition groups should always exercise restraint with a view to seeking proper understanding and knowledge of the information around the issues they are…
Read More » - Economy
At $51.9bn, Nigeria’s external reserves highest peak since 2009
Nigeria’s external reserves have climbed to $51.9 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year. Data from the CBN revealed that the country’s gross foreign reserves stood at $51.9 billion as of Tuesday, July 14, 2026, extending a strong upward trend that has gathered pace in…
Read More » - Economy
Dangote Refinery shields Nigeria from external price shocks, says S&P
S&P Global Commodity Insights has said Dangote Petroleum Refinery & Petrochemicals has continued to shield the Nigerian market from external price shocks by maintaining relatively stable domestic fuel prices despite rising international gasoline prices and increasing freight costs, The global rating agency disclosed this in its latest market intelligence report, noting that fuel importers supplying the Nigerian market are becoming…
Read More » - Business
Airtel Africa repurchases 12.86m shares via buyback programme
Dual-listed telecommunications giant, Airtel Africa Plc, has crossed a major milestone in its capital restructuring drive, repurchasing a cumulative total of 12,864,569 ordinary shares since the launch of its share buyback programme in May this year. In a corporate disclosure sent to the Nigerian Exchange Limited, the telecommunications firm confirmed that the multi-million-unit buyback was executed at a volume-weighted average…
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