- Economy
Nigeria’s external reserves slide $547m in 15-day
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s external reserves declined by about $547 million within a 15-day period in March 2026, reflecting renewed pressure on the country’s external buffers. The foreign exchange buffer declined from $50.03 billion on March 11, 2026, to $49.48 billion on March 26, 2026, representing a total drop of $547 million. The decline…
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Stock market adds N29trn in Q1 2026
The Nigerian Exchange Limited (NGX) extended its positive sentiments in the first quarter of 2026 as investors posted an unprecedented gain of N29 trillion, amid sustained buying interest across key sectors and an improving macroeconomic outlook. Data from the NGX showed that market capitalisation, which opened the year at N99.937 trillion on January 2, 2026, climbed sharply to N128.969 trillion…
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SEC DG seeks stakeholders’ collaboration on capital market devt
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has solicited the collaboration of all stakeholders in the nation’s financial system in its current regulatory drives aimed at fully exploring the potential of the investment space for sustainable development of the country. The SEC Boss, who made the appeal in his keynote address delivered at the…
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Open letter to the President: The need for Presidential task force on power sector, by Kola Amzat
His Excellency, Asiwaju Bola Ahmed Tinubu, President, C-in-C, Federal Republic of Nigeria, Presidential Villa, FCT, Abuja. Your Excellency, Open Letter to President The Need for Presidential Task Force on Power Sector Your Excellency, Nigerians profoundly appreciated the wonderful job executed by Taiwo Oyedele led Presidential Task Force on tax reforms, an historic exercise that produced new Tax…
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CBN to appeal court ruling on Union Bank takeover
The Central Bank of Nigeria (CBN) has filed an appeal against the Federal High Court, Lagos Division’s judgment that voided its takeover of Union Bank of Nigeria Plc and ordered the reinstatement of the bank’s former board of directors. The March 25, 2026 ruling, delivered by Justice Chukwujekwu Aneke, held that the apex bank acted beyond its statutory powers in…
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Recapitalisation: 32 Banks in Nigeria meet target ahead of deadline, says Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that 32 banks in Nigeria have already met the revised minimum capital requirements under the ongoing recapitalisation programme, marking a major milestone in efforts to strengthen the financial system. Speaking at the Monetary Policy Forum held in Abuja on Thursday, Cardoso said the progress reflects “commendable”…
Read More » - Company Report
Champion Breweries lists N30bn bond on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the listing of Champion Breweries PLC’s N30.00 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond under its N45.00 billion Bond Issuance Programme on its platform. This approval by the Exchange’s Board Listings and Markets Committee enables Champion Breweries to access capital efficiently while providing investors with the benefit of a transparent marketplace. …
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Investors investing in unregulated schemes won’t be protected by SEC, says official
An official of the Securities and Exchange Commission (SEC) has warned that individuals and businesses investing in unregulated schemes will not be protected. SEC’s head of Lagos zonal office, John Briggs addressed stakeholders at the inaugural VNL Capital investors’ roundtable held recently. The warning comes in the wake of a surge in the proliferation of fraudulent investment initiatives in Nigeria,…
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Dangote Refinery faults IPO speculation, urges public to disregard unverified reports
Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO). The company in a statement obtained by WESTERN POST said several online platforms and unofficial sources have published unverified and, in some cases, inaccurate information about a possible offering, stressing that such reports…
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Nigeria is attracting more buyers for LNG cargoes, says NNPCL
The Nigerian National Petroleum Corporation Limited (NNPCL) has said Nigeria is seeing stronger demand for its liquefied natural gas cargoes. The NNPC Executive Vice President, Olalekan Ogunleye, said this on Wednesday at the CERAWeek energy conference in Houston, according to Reuters. This comes as energy disruptions from the war in the Middle East have opened commercial opportunities for the country.…
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