Wema Bank Plc has dismissed as false and misleading recent reports alleging impropriety in the sale of certain Banana Island properties linked to the defunct Gulf Bank Plc, insisting that its actions were lawful recovery efforts tied to a long-standing debt obligation. The bank said in a […]
Category: Money Market
Money Market
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Plc has reaffirmed its commitment to long‑term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non‑payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full […]
DataPro Warns Rising Debt Costs, Fiscal Strain Threaten Sovereign Credit Ratings
A new report by DataPro has warned that mounting fiscal constraints, rising debt servicing costs, and external vulnerabilities are increasingly putting pressure on sovereign credit ratings, particularly in emerging and commodity-dependent economies. In its latest monthly publication titled “Unlocking Sovereign Rating Factors,” the firm said while sovereign credit […]
Africa’s $2trn Assets Fail To Boost Infrastructure Investment — Report
Africa’s institutional capital pool rose sharply to more than $2trn in 2025, but the continent continues to struggle to channel these funds into critical infrastructure and industrial development, according to a new report by the Africa Finance Corporation (AFC). The findings, published in the AFC’s latest State […]
Zedcrest Strengthens Institutional Play with Expanded Offerings, New Leadership
From left: Abass Akinsanya, Executive Director, Sales & Business Development, Zedcrest Wealth; Luke Ofojebe, CFA, Chief Investment Officer, Zedcrest Group; Simbiat Bada, Managing Director, Zedcrest Stockbroking; Adedayo Amzat, CFA, Group Managing Director, Zedcrest Group; Ademola Akogun, Managing Director, Zedcrest Investment Banking; Renah Osiemi, Managing Director, Zedcrest Wealth and Joseph Adegunwa, […]
SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Banks Face Rating Pressure Despite Meeting Capital Thresholds —DataPro
Nigerian banks may face increased scrutiny and potential rating pressure despite meeting new regulatory capital requirements, as credit rating assessments shift focus from the size of capital to its quality and resilience, according to DataPro, a technology-driven Credit Rating Agency. In its latest monthly rating brief, the agency […]
Nigeria’s Economic Growth Sustained As PMI Hits 53.2 In March
Nigeria’s economic expansion remained on a steady path in March 2026, as the composite Purchasing Managers’ Index (PMI) rose to 53.2 points, signalling continued growth in business activity across the country, according to the Central Bank of Nigeria (CBN). The latest PMI reading marks the sixteenth consecutive month […]
CBN Warns Against Naira Abuse, Promotes Clean Currency Culture
The Central Bank of Nigeria has renewed its warning against the abuse and mishandling of the naira, urging Nigerians to treat the national currency with respect as a symbol of sovereignty, while reaffirming its commitment to economic stability and ongoing monetary reforms. The apex bank said it remains focused […]
DataPro Begins Training For Media Practitioners On Credit Rating
DataPro, Nigeria’s Technology-driven Credit Rating Agency (CRA) has announced March 26th 2026 as the date for its annual virtual training for media practitioners. According to the agency in a statement, the training program was conceived by the company in 2021 as part of its Corporate Social Responsibility (CSR) […]