- Perspectives
CBN caught between inflation & economy crying for credit — by Blaise Udunze
The Central Bank of Nigeria heads into its 307th Monetary Policy Committee meeting this week facing an economic contradiction that makes the rate decision far more difficult than simply asking whether inflation has fallen enough to justify a cut. The MPC meets on September 21 and 22 with the Monetary Policy Rate at 26.5 percent. Yet the economic landscape confronting…
Read More » - Business
Fertiliser business schedule 2028 for IPO, says Dangote
Dangote Industries Limited President and Chief Executive Officer, Aliko Dangote, has said his fertiliser business will become the world’s largest and is scheduled for an initial public offering (IPO) in 2028. Dangote disclosed this during an interview at the Qatar Economic Forum, powered by Bloomberg, where he discussed the expansion of his fertiliser business and the group’s plans to increase…
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Access Bank redeems $500m Eurobond at maturity
Access Holdings Plc, on Monday announced that its flagship subsidiary, Access Bank Plc , has redeemed its $500 million Senior Unsecured Eurobond, which matured on September 21, 2026. The company secretary, Access Holdings, Mr. Sunday Ekwochi in a statement posted on the Nigerian Exchange Limited (NGX) said the repayment underscores the Bank’s strong liquidity position, disciplined balance sheet management, and…
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Tax Ombud calls for taxpayer trust to match revenue drive
… says Nigeria’s tax-to-GDP ratio was just 8.2% before reforms Nigeria cannot build a sustainable tax system by focusing only on what citizens and businesses must pay, without also building trust in the system through which they pay, the Office of the Tax Ombud has said, warning that the country’s tax reform agenda risks falling short of its goals unless…
Read More » - Economy
NDIC reiterates commitment to strong deposit insurance funding amid driving stability
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to continuously strengthening its Deposit Insurance Funds (DIFs) as part of efforts to promote the stability and resilience of the nation’s financial system. The Managing Director/Chief Executive of the Corporation, Mr. Thompson Oludare Sunday, stated this during a courtesy visit to the Director-General of the Budget Office of the Federation,…
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Rainbow coalition: The sky is big enough for all birds to fly, by Kola Amzat
In the past few days, the APC governors and Federal Minister in charge of FCT administration-Nyesom Wike have been at daggers drawn. The bone of contention: the APC governors declared Wike’s Rainbow Coalition as a political arrangement capable of undermining the re-election of president or weakening the APC ahead of the 2027 elections and therefore, affirmed that they won’t support…
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Investors in Nigerian’s equities market gains N1.18trn
Investor appetite for cement and banking stocks sustained the uptrend in the equities market yesterday, with the overall capitalization advancing by N1.18 trillion. The All-Share Index (ASI) gained 1,523.59 points, representing a gain of 0.62 per cent to close at 246,315.38 points. Also, market capitalisation rose by N1.18 trillion to close at N159.892 trillion. The upturn was driven by price…
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At N14,907 per share, Seplat Energy shares hit record high on NGX
Seplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to N14,907.80 from N13,552.60. The latest rally has pushed the energy company’s shares to their highest level recorded on the NGX, extending a sharp run that has seen the stock more than double in value this…
Read More » - Economy
Dangote commends NGX Group leadership for transforming Nigeria’s bourse
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has commended the leadership of Nigerian Exchange Group (NGX Group) for transforming Nigeria’s capital market. He spoke at the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, held recently in Lagos. Reflecting on his tenure as…
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Equities market gains N651.78bn amid demand for Aradel Holdings
Following high demand for Aradel Holdings Plc, the Nigerian equities market gained N651.78 billion on Tuesday to sustain its positive momentum for the second consecutive days’ session this week. As the stock price of Aradel Holdings on the Nigerian Exchange Limited (NGX) gained 9.62per cent to close at N1,550.00 per share, the market capitalisation of listed companies closed at N158.399…
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