- Business
CBN offers N900bn at first NTB auction of Q4 2026
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N900 billion in Nigerian Treasury Bills (NTBs) on Wednesday, October 7, 2026, with the one-year instrument accounting for the bulk of the offer. According to the auction notice, the DMO will offer N100 billion each in 91-day and 182-day bills, and N700 billion in…
Read More » - Economy
AU launches African Credit Rating Agency
The African Union (AU) has officially unveiled the African Credit Rating Agency (AfCRA), an initiative approved by the AU in 2017, in a bid to tell “Africa’s own economic story.” The agency was launched on Wednesday and broadcast live on X by the African Peer Review Mechanism (APRM), an organ of the AU that coordinated the operationalisation of AfCRA. The…
Read More » - Business
Nigerian equities market drops by 0.2% on profit-taking activities in First Holdco, others
The Nigerian equities market closed on a bearish note as profit-taking activities in First Holdco (-5.1per cent), ETI (-2.7per cent), Stanbic (-1.2per cent), and Unilever (-4.1per cent) dragged the All-Share Index lower by 0.2per cent to 250,273.50 basis points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4per cent and +60.8per cent, respectively. The total volume traded declined by 33.8per…
Read More » - Business
NFEM: Naira closes at N1,331.5/$
The naira closed at N1,331.5 against the dollar on Tuesday, gainiing slightly from N1,332.9 against the dollar recorded on October 5, according to data from the Nigerian Foreign Exchange Market (NFEM). The local currency traded between N1,333 and N1,330.00 during the session, with the weighted average rate settling at N1,331.5 against the dollar. The latest movement keeps the naira around…
Read More » - Economy
Bloomberg: Nigeria climbs four places on African investment risk ranking
A report by Bloomberg has revealed that Nigeria climbed four places to eighth and has overtaken Rwanda, Tanzania, Kenya and Namibia in the 19 African economies assessed for relative investment risk. The increase by Bloomberg Economics makes Nigeria one of the biggest improvements in the 2026 Bloomberg Economics Investment Risk-O-Meter. The four-place rise reflected improvements in three of the five…
Read More » - Business
FMDQ Exchange approves CapitalSage Technology’s N45.12bn CPs
FMDQ Securities Exchange Limited has approved the quotation of CapitalSage Technology Limited’ s N4.29 billion Series 1, N3.33 billion Series 2 and N37.50 billion Series 3 Commercial Papers (CPs) under its N75.00 billion CP Programme. This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a trusted platform for short-term capital market financing and provides…
Read More » - Business
NDIC wins Verbatim’ s Pillar of integrity in public service award
The Nigeria Deposit Insurance Corporation (NDIC) has been awarded the 2026 Pillar of Integrity in Public Service Award for demonstrating exemplary commitment to ethics, transparency and accountability in public service by Verbatim Magazine. The award was presented to the Managing Director/Chief Executive Officer of the Corporation, Mr. Thompson Oludare Sunday, who was represented by the Head of Communication and Public…
Read More » - Economy
World Bank raises Nigeria’s 2026 growth forecast to 4.3%
The World Bank has raised Nigeria’s 2026 economic growth forecast to 4.3 per cent from 4.0per cent in 2025, with growth projected to reach 4.4per cent annually in 2027 and 2028. The projection was contained in the World Bank’s October 2026 Africa Economic Update obtained by Nairametrics on Tuesday. The lender attributed the stronger outlook to improving macroeconomic stability, strengthening…
Read More » - Company Report
Multi-Trex Integrated Foods declares N422.2m loss in 2025
Multi-Trex Integrated Foods Plc has announced its full year result and accounts for April 31, 2025 with a loss of N422.2million as against N510.9 million reported in the full year ended April 31, 2024. The consumer goods company quoted on the Nigerian Exchange Limited (NGX) also reported N422.6 million loss before tax in 2025, about 191 per cent drop from…
Read More » - Economy
H1 2026: Fidelity Bank awaits CBN’s approval
Fidelity Bank Plc on Tuesday said it awaits the Central Bank of Nigeria (CBN) half year (H1) ended June 30, 2026 audited result and accounts approval. The Company Secretary, Fidelity Bank, Ezinwa Unuigboje in a signed statement to shareholders, Nigerian Exchange Limited (NGX), and other stakeholders stated that the bourse has approved a further extension of time for publication of…
Read More »
Follow our WhatsApp Channel