FCMB Group Plc has announced a remarkable leap in profitability, reporting a FCMB profit after tax of N177 billion for the year ended December 31, 2025. This represents a 141% increase from
The Monday sit-at-home defiance has prompted a strong response from Anambra State. Governor Chukwuma Soludo recently ordered a one-week closure of Onitsha Main Market after traders failed to open their stalls on
The Nigerian Stock Exchange closed higher on Thursday, January 29, 2026, as positive investor sentiment lifted key indices—even though trading activity slowed noticeably. Market capitalisation rose by N232 billion, climbing from N105.74
The Naira to Dollar rate held steady on Friday morning. As a result, Nigeria’s currency showed signs of balance after recent swings. Early trading placed the Naira at 1340.88 per Dollar in
The Nigerian stock market surge continued for a third consecutive week. Combined company values jumped by N1.77 trillion. Total market capitalisation reached N127.36 trillion. Trading data from the Nigerian Exchange (NGX) confirmed
Nigeria’s financial markets are entering a new stage as economic reforms begin to stabilize the country’s macroeconomic environment. Investors are now shifting attention from speculative flows to corporate earnings and long-term structural
Despite macroeconomic improvements, dollar pricing Africa remains widespread across major cities. Furthermore, inflation has slowed significantly in Nigeria. Consequently, the naira regained ground against the dollar. Moreover, Ghana’s cedi emerged as a
The naira strengthening trend has accelerated recently. Consequently, the currency reached 1,347.78/$ on Monday. This marks a two-year high in the official market. Furthermore, year-to-date appreciation stands at 6.9 percent. Thus, improved
The Nigerian naira has strengthened below N1,400 per US dollar on the official market for the first time in over a year—a significant milestone that reflects growing stability in the foreign exchange
Nigeria banking bad loans increased in 2025 after the Central Bank of Nigeria withdrew regulatory forbearance measures introduced during the COVID-19 pandemic. The apex bank’s latest macroeconomic outlook report shows that the
Lagos, Nigeria – The NGX rebounds after a week of losses, as renewed demand for banking and oil stocks lifted Nigeria’s equities market by $186.6 million on Thursday. The rally ended a