The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to pursue a forward-guided, data-driven approach to monetary easing, warning that a premature reduction in interest rates could destabilize investor confidence and threaten macroeconomic recovery. The Chamber’s reaction followed the Central […]
Category: Financial Market
Financial Market
SEC Approved ₦3.68trn in New Issues in 2024 – Agama ……….Says ₦446.38bn Approved in Q1 2025 as Market Activity Sustains Momentum
The Securities and Exchange Commission (SEC) approved a total of ₦3.68trn in new issues in 2024, signaling robust investor confidence and strong momentum in Nigeria’s capital market, according to the Director General of the SEC, Dr. Emomotimi Agama. Speaking at the 1st Capital Market Committee (CMC) Meeting of […]
Nigeria’s Inflation Rate Eases to 23.71% in April 2025
Nigeria’s headline inflation rate declined to 23.71% in April 2025, down from 24.23% in March, according to data released on Thursday by the National Bureau of Statistics (NBS). The figure represents a modest decline of 0.52 percentage points, offering some relief amid ongoing economic challenges and a high cost […]
Seplat Strengthens Export Capacity Through MPNU Acquisition
Seplat Energy Plc has reaffirmed its commitment to long-term investments across its core business divisions, following a transformative year in which the company significantly increased its production and reserve base through the acquisition of Mobil Producing Nigeria Unlimited (MPNU). Addressing shareholders and journalists at the company’s 2025 Annual […]
Legend Meets 20% Free Float Requirement Post-NGX Listing
Legend Internet Plc has confirmed compliance with the Nigerian Exchange Limited’s (NGX) minimum free float requirement, following its listing on the Main Board of the Exchange on 24 April 2025. The company in a notice to the Nigerian Exchange Limited, disclosed that it has made a sufficient quantity […]
CSCS Launches USSD Code To Boost Investments
Central Securities Clearing System Plc (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025. The USSD code service is a solution designed to enhance the ease and accessibility of investment services for all users. […]
BUA Foods’ Sugar Share Falls to 48% Amid Rising Food Inflation
BUA Foods Plc reported a 24 per cent year-on-year revenue growth to ₦442.1bn in Q1 2025, but its Sugar division—traditionally its largest revenue contributor—saw its share fall to 48 per cent, down from 67 per cent in the same period last year. The decline was driven by a significant drop […]
Ekiti State, CIS To Partner On Financial Intelligence Training
The Ekiti State Government and Chartered Institute of Stockbrokers (CIS) have agreed to collaborate in capacity building on financial intelligence for top-level government officials in line with the Institute’s financial literacy programme. Besides, plans are underway to introduce Bachelor Degree Programme in Securities and Investment at Ekiti State […]
ITMB Secures Two-Year Extension To Meet Free Float Requirement
Infinity Trust Mortgage Bank (ITMB) Plc has received a two-year extension from NGX Regulation Limited (NGX RegCo) to meet the Free Float requirement stipulated for companies listed on the Main Board of the Nigerian Exchange Limited (NGX). In a formal disclosure to the NGX and the investing […]
Lafarge earns N248.350bn Revenue In Q1
Lafarge Africa Plc has recorded N242.67bn from sales of cement following rising cost of cement in the country driven by inflation. This accounted for 97.7 per cent of the total sales revenue of N248.35bn for the first quarter of the 2025 financial year. The sales […]