The Nigerian naira remained relatively stable during the first trading session of the week, despite ongoing pressure from the dollar’s strength and stronger-than-expected U.S. economic data....
The Securities and Exchange Commission (SEC) has announced plans to strengthen the regulatory framework for borrowing by governments and corporate entities in Nigeria. SEC’s Director-General, Dr....
Nigeria’s foreign exchange (FX) reserves have increased by $591.78 million in the month following the government’s $2.2 billion Eurobond auction on December 2, 2024. The reserves...
Access Holdings has announced the successful completion of its rights issue in July 2024, reporting an oversubscription rate of 105.76%, with 24,181 applications received. The rights...
MTN Nigeria Communications PLC (MTN Nigeria) has announced the renewal of its spectrum lease agreement with Natcom Development and Investment Limited (NTEL), following approval from the...
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks (DMBs) and Mobile Network Operators...
The Central Bank of Nigeria (CBN) has reported a significant increase in diaspora remittances, which rose to $4.22 billion between January and October 2024, compared to...
Shares of Africa Prudential, a leading registrar, have surged by over 40% month-to-date, boosting its year-to-date performance to more than 90%. This surge follows the company’s...
Seplat Energy Plc has confirmed that an exchange rate of ₦1,681.42 per USD will be applied to calculate the Naira equivalent of its third-quarter 2024 interim...
Seplat Energy Plc, a prominent international oil company listed on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has finalized its acquisition of...