The Nigerian Exchange Limited on Tuesday announced the results of its half-year market index review, which saw significant changes across several key indices, including the NGX 30 Index. The adjustments, according to the NGX, were based on the market capitalisation methodology, which took effect at the open of […]
Category: Corporate Stories
Corporate Stories
Group Seeks FX Transparency, Diaspora Fund Mobilisation
EnterpriseNGR, a leading private-sector advocacy group, has called on the Central Bank of Nigeria (CBN) to adopt more transparent foreign exchange (FX) policies and prioritise diaspora fund mobilisation as part of broader efforts to stabilise the naira and strengthen Nigeria’s macroeconomic resilience. The group made the call […]
Rewane: Tinubu’s Borrowing Must Focus on Revenue, Reform Dividends
An economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has cautioned that Nigeria could face increasing borrowing costs unless the Tinubu administration adopts a more strategic and results-oriented approach to debt management. Rewane made this known during an appearance on Channels Television, Thursday, where he urged […]
FGN Raises ₦4.01bn From June Savings Bonds Amid Lower Yield Environment
The Federal Government of Nigeria has raised a total of ₦4.01bn from its June 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, according to data published by the Debt Management Office (DMO). The offer, conducted between June 2 and June 6, 2025, saw strong interest […]
Chances Rise For Afreximbank Involvement In Debt Restructuring- JPMorgan
The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, while also upgrading its recommendation on the lender’s bonds to overweight, citing valuations in the wake of the Fitch downgrade. According to Reuters, the African trade and development lender has been at […]
Fitch downgrades Afreximbank To One Notch Above ‘Junk’
Fitch downgraded Afreximbank’s credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies. According to Reuters, the one-notch downgrade to BBB- comes as the African lender battles to protect its loans from restructuring in Ghana, Zambia […]
Onyema Urges Collaboration For Stronger Aviation Security Framework
Chairman of Air Peace Airline, Dr. Allen Onyema, has called for enhanced collaboration across all stakeholders in Nigeria’s aviation sector to build a more robust and adaptive aviation security framework amid growing global threats. Speaking at a symposium organized by the Nigeria Civil Aviation Authority (NCAA) on the […]
Tariff Pressures To Push Global Public Debt Past Pandemic Levels-IMF ….. Sees Global Public Debt At Nearly 100% Of GDP by 2030
Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100 per cent of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s […]
CBEX Not Registered By Us, Say SEC … Reminds Public To Always Verify Registration Status
The Securities and Exchange Commission has stated that Crypto Bridge Exchange also known as CBEX was not granted registration by the Commission at any time to operate as a Digital Assets Exchange. In a Circular dated April 17, 2025, the Commission stated that its attention has been […]
SEC, SMEDAN Partners On Enlightenment Campaigns For SMEs Financing
The Securities and Exchange Commission is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on financing SMEs through the Capital Market. Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, […]