Africa’s wealth inequality has widened sharply, with Aliko Dangote and three other African billionaires now holding more wealth than half of the continent’s population combined, according to a new report by global anti-poverty organisation Oxfam. The report, released as political leaders and top business executives convene for […]
Category: Financial Market
Financial Market
Nestlé Nigeria Launches N80m Golden Morn Nationwide Promo
Nestlé Nigeria Plc has launched an N80m nationwide consumer promotion for its Golden Morn cereal brand, offering cash prizes and household items to reward loyal consumers across the country. According to a statement from the company, the promotion, which runs from January 10 to April 15, 2026, […]
Dangote Refinery Links Stable Petrol Supply To Economic, Currency Stability …Hits Over 50m Litres Daily Supply, Targets Full Market Coverage
Dangote Petroleum Refinery Plc has assured Nigerians of a sustained end to Premium Motor Spirit (PMS) scarcity, declaring that the country has entered a new phase of fuel abundance driven by domestic refining, stable pricing and large-scale supply. The assurance was given on Wednesday in Lagos by the newly […]
Nigerian Stock Market Hits Record Highs, Creates N36.62trn Wealth in 2025
The Nigerian equities market delivered a historic performance in 2025, generating approximately N36.62trn in capital gains for investors, even as the economy contended with soaring inflation, foreign exchange volatility, and political uncertainties. Data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) rose by 51.19 […]
ISA 2025: SEC mandates full compliance by Capital Market Operators
The Securities and Exchange Commission (SEC) has said that all the Capital Market Operators (CMOs) must state compliance level and ensure all tradable instruments are registered in line with the Investments and Securities Act (ISA) 2025 latest January 2026. The Director-General of SEC, Dr Emomotimi Agama, disclosed this at […]
Universal Insurance grows profit by 388% in 9 months
Universal Insurance Plc has recorded significant growth in profitability and improved financial position for nine months ended Sept. 30, 2025. The insurer during the period under review posted a profit after tax of N1.13 billion compared with N230.6 million recorded in the comparative period of 2024, an increase of […]
FG Backs Non-Interest Mortgage System To Open Homeownership For Nigerians
The Federal Government has thrown its weight behind a new initiative designed to expand access to affordable housing, as the Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) announced a strategic partnership to develop a comprehensive Non-Interest Mortgage (NIM) framework. The effort aims […]
FG Assures Investors Of Consultative Capital Gains Tax Policy As NGX Lists MREIF
The Federal Government has assured investors that the proposed Capital Gains Tax (CGT) policy will be implemented through continuous consultation with market stakeholders to achieve balanced outcomes that support fiscal objectives without undermining investor confidence. Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, gave […]
Ellah Lakes unveils ₦235bn offer to accelerate growth, expansion drive
Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial company, on Monday unveiled its ₦235 billion Offer for Subscription as part of its next phase of strategic growth and capital expansion. The company unveiled the offer during its comprehensive “Facts Behind the Offer” presentation at the Nigerian Exchange Limited (NGX). The […]
FMDQ Group celebrates market excellence at 8th Annual GOLD Awards
The FMDQ Group Plc has commemorated the 8th edition of its prestigious GOLD Awards, continuing its long-standing tradition of celebrating excellence in the Nigerian financial. The FMDQ GOLD Awards are designed to acknowledge, on an annual basis, market participants instrumental in fostering the growth and development of FMDQ’s markets. The […]