Business
Economic activities expand second straight month despite industry contraction — CBN
By Elizabeth Adegbesan Economic activity in Nigeria expanded for the second consecutive month in July 2026 as the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rose to 51.1 points,
Stock market extends rally as investors position for earnings season
By Peter Egwuatu The Nigerian stock market has sustained its positive momentum on Week-on-Week, WoW, as renewed buying interest in blue-chip stocks outweighed widespread profit-taking across the broader market. The benchmark,
Fixed-income Market Records N8.84trn Trades in One Week as OMO Bills Dominate
Nume Ekeghe Trading activity in Nigeria’s fixed-income market rose to N8.84 trillion in face value during the week ended August 7, 2026, with Open Market Operations (OMO) bills accounting for
Stock Market Gains N187bn W-o-W on Positive Sentiment
Kayode Tokede The stock market section of the Nigerian Exchange Limited (NGX) closed last week on a positive note, advanced by N187 billion buoyed by positive investor sentiment across key
SCAN Summit to Tackle Financing, Regulatory Bottlenecks for Indigenous Shipowners
The Shipping Correspondents Association of Nigeria (SCAN) has begun arrangements for its forthcoming 2026 Summit to address the persistent financial challenges and regulatory hurdles confronting indigenous shipowners in Nigeria’s maritime
With 26% Growth in H1, Neimeth Outshines Peers in Revenue Generation
Neimeth International Pharmaceuticals Plc emerged as the fastest-growing listed pharmaceutical company by revenue in the first half of 2026, recording a 26 per cent year-on-year increase in sales despite a
‘Nigeria’s Fintech Ecosystem Has Become One of Africa’s Largest’
Jessica Erobomhan Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria’s fintech ecosystem has become one of the largest in Africa, noting that
NCC Deepens Digital Economy Agenda with Lease to Enugu Govt
Emma Okonji The Nigerian Communications Commission (NCC) has reaffirmed its support for Nigeria’s digital economy agenda through initiatives that will expand digital opportunities, as it formalised a 15-year operational lease
FX Inflows Rise 31.9% to $4.36bn in July
Nume Ekeghe Inflows into Nigeria’s Foreign Exchange Market (NFEM) rose by 31.9 per cent month-on-month to $4.36 billion in July 2026, reaching their highest level in five months, according to
Prudential Zenith Enters Bancassurance Partnership With Standard Chartered Bank
Ebere Nwoji Prudential Zenith Life Insurance and Standard Chartered Bank Nigeria Limited have entered into a strategic bancassurance partnership to expand access to life insurance and financial protection across Nigeria.
