Economy & Market

CBN Gives Banks More Time as Legal Hurdles Stall Recapitalisation

Central Bank of Nigeria (CBN) has said that deposit money banks (DMBs) yet to meet the ongoing recapitalisation requirements will continue operations...

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Nigerian Stock Market Rebounds as ASI Up 0.1%

EQUITIES The Nigerian Equities market reversed yesterday’s loss as the gains in UNILEVER (+9.8%), UACN (+3.8%), and INTBREW (+3.7%) drove a 0.1%...

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World Bank Targets $23b Private Funding for Africa through Stronger Guarantees

The Multilateral Investment Guarantee Agency (MIGA) is ramping up efforts to unlock private capital for Africa, with plans to more than double...

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We’re Not Propping Up Naira –CBN

The Central Bank of Nigeria (CBN) has dismissed suggestions that it is heavily intervening in the foreign exchange (FX) market to support...

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SEC Fixes June 1 for T+1 Settlement Cycle Transition

The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian...

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FGN Bond Subscriptions Drop 45% Despite Higher Yields

Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields...