SEC disowns WayvePay, warns Nigerians against investing through platform
The Securities and Exchange Commission (SEC) has disowned online investment platform WayvePay, warning Nigerians against investing through the company over concerns about suspected fraudulent...
View ArticleBest performing balanced mutual funds in Nigeria as of September 2026
Nigeria's balanced mutual fund segment recorded a strong increase in net asset value (NAV), reaching N191.02 billion as of September 2026, up 23.94% from N154.13 billion at the end of August, as the...
View ArticleSEC DG proposes investment funds to finance university hostels
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has proposed the establishment of investment funds to finance student hostel construction in Nigerian...
View ArticleSEC DG warns shortage of credible issuers could inflate asset prices
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has warned that a shortage of credible issuers in Nigeria’s capital market could drive up the prices of...
View ArticleNaira likely to break below N1,300/$ amid high FX supply
The Nigerian currency is projected to trade stable to bullish, with a 6-month target in the N1,250/$-1350/$ corridor, supported by CBN interventions and market confidence. The post Naira likely to...
View ArticleLagos launches up to N200 billion 10-year bond: Key takeaways for investors
The Lagos State Government has opened its Series 5 Fixed Rate Bond offer to raise up to N200 billion under its N1 trillion Debt and Hybrid Instruments Issuance Programme. The post Lagos launches up to...
View ArticleBest performing Nigerian stocks for the week ended October 9, 2026
Nigerian equities closed lower for the second straight week, with the benchmark NGX All-Share Index (ASI) declining 0.97% to close at 248,363.55 points from 250,808.27 points. The post Best performing...
View ArticleBREAKING; Zenith Bank H1 2026 pre-tax profit rises 1.9% to N637.6 billion
Zenith Bank Plc reported a profit before tax of N637.6 billion for the half-year ended June 30, 2026, a 1.9% increase from N625.6 billion in the same period of 2025. The post BREAKING; Zenith Bank H1...
View ArticleNGX recovers N208 billion as MTN, Oando shares lift market
The Nigerian Exchange (NGX) rebounded from consecutive sessions of decline on Friday, October 9, 2026, as market capitalisation gained N208.46 billion. The post NGX recovers N208 billion as MTN, Oando...
View ArticleSterling Financial Holdings relists on NGX at N77.00 after 1-for-10...
Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction and resumed trading on the Nigerian Exchange at a reference price of N77.00, up mechanically from N7.70 before...
View ArticleDangote Group projects naira at N1,330/$ by year-end, N1,385/$ average for 2026
The naira is projected to trade at around N1,330 per dollar in the fourth quarter of 2026, with a full-year average of about N1,385/$, as rising foreign reserves, returning portfolio inflows and lower...
View ArticleWhy fintechs are not allowed to trade forex, FMDQ CEO explains
Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe has explained why financial technology companies (fintechs) cannot directly trade in Nigeria’s foreign exchange market, citing...
View ArticleBest performing equity mutual funds in Nigeria as of September 2026
Nigeria's equity mutual fund segment recovered to a net asset value of N243.84 billion as of September 25, 2026, up 5.78% from N230.50 billion The post Best performing equity mutual funds in Nigeria as...
View ArticleBest performing money market funds in Nigeria as of September 2026
The First Ally Money Market Fund topped Nigeria's money market fund rankings for the first time in 2026, displacing Coronation Money Market Fund, which had led the segment in August, as the broader...
View ArticleFMDQ CEO pushes hedging products as next stage of FX development
The Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe, has urged Nigerian regulators and market infrastructure institutions to develop deeper hedging markets while foreign...
View ArticleGovernment debt claims 80% of new and supplementary listings on NGX
Government securities dominated new and supplementary listings on the Nigerian Exchange (NGX) in the first nine months of 2026, accounting for approximately N11.08 trillion, or 80% of the N13.86...
View ArticleNGX sell-off wipes N1.33 trillion from investors’ wealth in one day
Negative sentiment persisted on the floor of the Nigerian Exchange Limited (NGX) on Thursday, October 8, 2026, as aggressive profit-taking and sell-offs wiped N1.33 trillion off the total valuation of...
View ArticleKenyan investors face refunds if Dangote Refinery IPO misses key threshold
Kenyan investors can now participate in the Dangote Petroleum Refinery Initial Public Offering (IPO) through a KES 39 billion Global Depository Receipt (GDR) offer, but the transaction will only...
View ArticleNaira extends Bullish streak against British Pound at N1,767/£
The Nigerian currency continued its bullish trend against the British pound due to Nigeria's strengthening economic fundamentals. The post Naira extends Bullish streak against British Pound at N1,767/£...
View ArticleNigeria’s fixed-income market to receive N11 trillion inflow in October —...
Nigeria’s fixed-income market is expected to receive about N11 trillion in liquidity inflows in October, which Cordros Capital says could sustain reinvestment demand and put further downward pressure...
View Article
![SennaRin – ADRENA (2024-05-15) [FLAC 24bit/48kHz]](http://getimg.link/images/2024/05/21/7446422.jpg)
