Market Trends
DLM Capital Secures Strong Investor Backing for ₦9 Billion Sovereign Bond
DLM Capital Group, a leading Nigerian development investment bank, has successfully completed a ₦9 billion Series 1 Sovereign Bond Backed Composite Notes (SBCN) issuance. This marks the first phase of its ambitious ₦30 billion Medium-Term Note Programme.
The transaction, which matures in 2035, was executed via DLM Funding SPV Plc and carries a AAA rating from the Securities and Exchange Commission. It’s designed to offer investors a blend of capital safety, liquidity, and attractive returns.
Institutional investors showed strong interest, signaling trust in DLM Capital’s financial strength and innovative approach. The signing ceremony was held at the firm’s Lagos headquarters, with key executives and board members in attendance.
Group CEO Dr. Sonnie Ayere highlighted the strategic importance of the issuance, noting that the funds will be directed toward Federal Government bonds and underserved SME sectors. Target investors include pension funds, asset managers, development finance institutions, and high-net-worth individuals.
This milestone sets the tone for future issuances under the ₦30 billion programme, which aims to unlock capital for Nigeria’s real economy and support the country’s journey toward a $1 trillion GDP.
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Apple’s “Campos” AI Chatbot Set to Replace Siri in Major Overhaul
Apple is gearing up for one of the most significant changes to its artificial intelligence strategy in years. The tech giant plans to replace Siri with a fully integrated AI chatbot, codenamed “Campos,” which will be built directly into iPhones, iPads, and Macs later this year. The move signals Apple’s intent to compete more aggressively…
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Nigerian Exchange Ends Thursday Mixed as Trading Volume Falls
The Nigerian Stock Exchange (NGX) closed Thursday, January 29, 2026, with a modest uptick in its benchmark indices, even as market activity experienced noticeable declines compared to the previous session. By the end of trading, a total of 550,402,871 shares changed hands across 38,635 deals, representing a market value of ₦14.14 billion. This marked a…
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Access Bank Sets Agenda for Africa Trade Conference 2026
Access Bank Plc has positioned the 2026 Africa Trade Conference (ATC) as a strategic platform to advance Africa’s role in global trade, facilitate policy dialogue, and deepen partnerships between African and international markets. Group CEO Roosevelt Ogbonna said the conference, themed “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact,” will gather leaders…