Sterling Financial Holdings Company Plc has announced a 44.1 per cent rise in gross earnings to ₦341.7 billion for the nine months ending September 2025, compared to ₦237.2 billion recorded …
Capital Market
-
BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
-
BusinessCapital MarketEconomyForeign ExchangeMonetary PolicyOil & Gas
CBN Reforms Cushion Naira as Oil Price Falls Below Nigeria’s $75 Budget Benchmark
With global oil prices falling to around $64 per barrel, far below Nigeria’s $75 budget benchmark, the country faces renewed fiscal pressure and foreign exchange challenges. However, sweeping reforms by …
-
Capital MarketCorporate EarningsDangote IndustriesManufacturing
Dangote Sugar Reduces Loss to ₦10.59bn, Records ₦626bn Revenue
Dangote Sugar Refinery Plc has posted a revenue of ₦626.24 billion for the nine months ended September 30, 2025, representing a 29 per cent increase from ₦484.43 billion recorded in …
-
BusinessCapital MarketEconomyForex TradingINVESTMENTMonetary Policy
Naira hits 2025 peak at N1,421/$ as forex supply rises
The naira recorded its highest appreciation this year at the close of October, strengthening to ₦1,421.73 per dollar at the Nigerian Foreign Exchange Market, according to data released by the …
-
Capital MarketEconomyGOVERNMENTLeadershipMaritime
NPA Boss Dantsoho Says Human Capital Is Nigeria’s Strongest Maritime Asset
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said that the agency’s greatest strength lies not only in its infrastructure and technology but in its …
-
BusinessCapital MarketEconomyFinanceGovernment PolicyTaxation
FIRS Orders Banks and Financial Institutions to Deduct 10% Withholding Tax on Treasury Bills
The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
-
BusinessCapital MarketEconomyFinanceGOVERNMENTSecurity
FG Lists N260bn Bonds for Subscription in October Auction
The Federal Government, through the Debt Management Office (DMO), has announced the listing of N260 billion worth of Federal Government bonds for subscription in its October 2025 auction. The offer, …
-
BusinessCapital MarketCryptocurrencyEconomyFinanceRegulation
SEC Raises Alarm Over Nigerians’ Shift to Cryptocurrency
The Securities and Exchange Commission (SEC) has expressed growing concern over the rising preference of Nigerians for cryptocurrency trading instead of investing in the country’s traditional capital market. The Director-General …
-
BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
Nigerian Stock Market Loses N94bn as Investors Take Profit on Blue-Chip Stocks
The Nigerian equities market started the week on a bearish note on Monday, as investors moved to take profits from recent gains in high-capitalisation stocks. The sell-off led to a …
-
BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
FCMB Group’s N160bn Public Offer Aims to Build Stronger Financial Base
The Group Chief Executive Officer of FCMB Group Plc, Mr. Ladi Balogun, has said that the company’s ongoing N160 billion public offer will help strengthen its capital base and support …