The rising confidence in the economy, coupled with strong 2025 Q1 corporate and easing inflation, continued to spur strong positive sentiments in the equities sector of the Nigerian Exchange Limited (NGX) last week as investors gained N613 billion in five trading sessions.
At the close of transactions last week, the all-share index (ASI) appreciated by 0.9 per cent to close at 109,710.37 points. .............Read-More

Eight leading Nigerian banks, including Zenith, Access, and UBA, recorded a combined electronic banking income of N165.27 billion in the first quarter of 2025, maintaining growth despite increasing competition from fintech firms.
The banks"”Access Holdings Plc, United Bank for Africa Plc (UBA), Zenith Bank Plc, FBN Holdings Plc, Stanbic IBTC Holdings Plc, FCMB Group Plc, Wema Bank Plc, and GTCO Plc.................Read-More

The fixed income market closed the week on a bullish note, with yields across the T-bills, local bonds, and Eurobond segments experiencing a broad-based decline, according to a recent report by Meristem Securities.
In the Treasury bills segment, the secondary market maintained a bullish trajectory, as average yields declined by 5 basis points to 20.84 per cent from 20.90 per cent recorded in the previous week. ................Read-More

The Debt Management Office has allotted N4.3bn worth of Federal Government Savings Bonds in its May 2025 offer.
The subscription period for the bonds ran from May 5 to May 9, 2025, with the settlement date scheduled for May 14, 2025.
The Federal Government Savings Bond is a secure investment instrument offered by the Federal Government to encourage................Read-More

The Monetary Policy Committee (MPC), the highest policy-making organ of the Central Bank of Nigeria(CBN), begins a crucial two-day meeting today with a decision on the benchmark interest rate as the main agenda.
Many analysts expect the CBN to leave the benchmark interest rate, the Monetary Policy Rate (MPR), unchanged at 27.50 per cent, in preference for a more discernible consumer price trend................Read-More

Two major carriers, MTN and Airtel, have spent N202.4 billion and $670 million respectively on network infrastructure, according to the unaudited results for the quarter ended March 31, 2025 and results for year ended March 31, 2025 released by the telecom munication companies................Read-More

As global financial fraud surges to over $485 billion in annual losses, Access Holdings PLC is setting a new standard in Africa's banking industry through aggressive and strategic investment in technology aimed at combating the growing threat. With Nigeria's financial sector experiencing a spike in digital fraud,...............Read-More

Nigeria's oil and gas sector, the economic fulcrum of the nation, has been perennially bogged down by underinvestment, fluctuating output and managerial missteps.
To fix those, the federal enacted the PIA that has reformatted the sector, giving it regulatory direction and restoring investor confidence, which have reflected in enhanced production and local participation...............Read-More

Tantalizers Plc has announced its acquisition of Grand Media Projects Limited, a media and entertainment company co-founded by veteran filmmaker Tade Ogidan and actor Richard Mofe-Damijo, marking a shift by the food services firm into Nigeria's entertainment and creative industry.
The move was disclosed in a corporate notice filed with the Nigerian Exchange Limited and signed by the Company Secretary, Olamide Babawale-Mo, recently. ...............Read-More

TotalEnergies Marketing Nigeria Plc has approved a total dividend payout of N13.58bn for the 2024 financial year, even as shareholders pressed for the issuance of bonus shares during the company's 47th Annual General Meeting held in Lagos recently.
The dividend represents a 60 per cent increase from the N25 paid in the previous year...............Read-More