- Business
NGX RegCo issues advisory on recent price movements, urges informed trading
NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has issued an advisory to the investing public in response to notable price movements observed in the shares of certain listed companies over recent trading sessions. Issued as part of NGX RegCo’s standard market surveillance functions, the advisory serves as a measured reminder for investors to prioritize…
Read More » - Economy
FG’s borrowing must be directed toward productive, rather than recurrent consumption, says stakeholders
A group of stakeholders have expressed that debt sustainability is a central fiscal objective, stressing that borrowing must be directed toward productive, growth-enhancing investment rather than recurrent consumption. They also expressed that the current Central Bank of Nigeria (CBN) Monetary Policy Rate (MPR) of 27 per cent is misaligned with prevailing market realities. They were speaking at the just…
Read More » - Economy
Analysts predict 26.50% interest rate as CBN holds first MPC meeting in 2026
A group of analysts at Cordros Research have predicted a cut in interest rate to 26.50 per cent from 27 per cent as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) holds its first meeting in 2026. The Committee of the CBN is scheduled to hold its first meeting of the year on February 23–24…
Read More » - Business
Equities market gains 6.95% WoW as analysts predict upward trajectory
The equities market section of the Nigerian Exchange Limited (NGX) gained 6.95 per cent in its Week-on-Week (WoW) performance last week over expected 2025 corporation filing by listed firms. Specifically, the NGX All-Share Index advanced 6.95 per cent WoW to close at 194,989.77 basis points. Similarly, the market capitalisation sold by N8.14 trillion to close the week at N125.164 trillion.…
Read More » - Economy
Capital market contribution to GDP hits 33%, says Agama
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that the capital market’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly from 13 per cent to 33 per cent within the same period, underscoring the sector’s expanding role in economic development. He noted that the growth is on the backdrop of a…
Read More » - The Roots
Ajofoyinbo Masquerade takes centre stage at Egungun festival in Ota Aworiland
The Egungun Festival in Ota, a historic town in Ogun State, is one of the most revered cultural and spiritual celebrations of the Awori people, showcasing ancestral reverence, community unity, and vibrant traditional artistry. Among its most iconic highlights is the Ajofoyinbo masquerade, a distinctive Egungun performance known for its elaborate costume, dramatic movements, and symbolic spiritual significance. The cultural…
Read More » - Business
Unity, Providus Banks merger a done deal as integration progresses
Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course. Analysts appraising the ongoing recapitalisation programme believe that the regulatory backing and shareholders’ support for the merger represent the most important milestones for meeting the recapitalisation requirements within the stipulated timeline. Recall that…
Read More » - Business
NGX records first commercial paper listing with Dangote cement’s N119.87bn issuance
Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500 billion Commercial Paper Issuance Programme. The two series, with a combined value of N119.87 billion, were admitted to trading on NGX on 18 February 2026, following the Exchange’s introduction of the…
Read More » - Economy
Non-oil exports up by 105.4% to $6.1bn in 12years, Ministry of industry reveals
The Ministry of Industry, Trade and Investment has revealed that Nigeria’s non-oil exports jumped by 105.4 per cent from $2.97 billion in 2013 to $6.1 billion in 2025, making it the highest value in its history. An online post had tackled the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole of celebrating only $500million in exports and compares this…
Read More » - Economy
Nigerian equities market recovers $21bn following naira’s devaluation in 2024, says Report
A report by Bloomberg on Tuesday revealed that the Nigerian equities market has recovered by $21 billion in market value it lost amid a sharp naira devaluation in 2024. The report also revealed that the equities market section of the Nigerian Exchange Limited (NGX) has delivered the world’s second-best dollar returns this year, climbing 31per cent in 2026. According to…
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