FCMB Group Plc has emerged as a focal point of activity on the Nigerian Exchange (NGX), as both retail and institutional investors respond to the lender’s sustained market momentum. As of February 23, 2026, the Group’s shares reached a price point of ₦12.35, marking a significant appreciation from its 52-week low of ₦8.35. This upward […]
The Nigerian Exchange (NGX) has witnessed a significant bullish surge in early trading as a strategic shift in pension fund allocations triggered a massive influx of capital. Market analysts are describing the movement as a “liquidity tsunami,” directly linked to new directives from the National Pension Commission (PenCom) that encourage Pension Fund Administrators (PFAs) to […]
Nigeria’s Southeast region has emerged as the nation’s primary economic frontrunner for 2026, leading with a projected growth rate of 8.0%. This regional surge was a centerpiece of the forum, where industry leaders gathered to analyze the “Price Sensitivity Survey 2025,” presented by Professor Uchenna Uzo of the Lagos Business School (LBS), Pan-Atlantic University. The […]
Bitcoin has retreated below the psychological threshold of $70,000, marking a significant downturn in the global cryptocurrency market as digital asset prices experience a broad-based decline. The slide, which accelerated during early trading on February 5, 2026, has seen the world’s largest cryptocurrency lose approximately 5% of its value within a 24-hour window. This correction […]
MTN Group, Africa’s largest telecommunications provider, is in advanced discussions to acquire the remaining 75 percent stake in IHS Towers, a move that would consolidate its control over critical passive infrastructure across its operational footprint. The potential transaction, disclosed on February 5, 2026, follows years of complex shareholder dynamics and serves as a strategic pivot […]
Investor demand for Nigerian Treasury Bills (T-bills) reached a historic peak on February 4, 2026, with total subscriptions skyrocketing to N4.59 trillion during the latest primary market auction conducted by the Central Bank of Nigeria (CBN). This surge in demand represents a significant oversubscription of the N409.9 billion initially offered by the apex bank across […]
The United States government has deployed a specialized military team to Nigeria to assist the federal government in addressing the persistent security challenges affecting various regions of the country. This deployment, confirmed on February 4, 2026, follows high-level bilateral discussions between the U.S. Department of Defense and Nigeria’s Ministry of Defence aimed at strengthening tactical […]
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates (UAE), has announced plans to establish a representative office in Lagos, marking its first formal entry into the sub-Saharan African market. Martin Tricaud, FAB’s Group Head of Wholesale Banking, disclosed the move on February 2, 2026, during the Investopia Africa conference held […]
President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX). President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets. Bayo Onanuga, Special Adviser to the […]
Nigeria has begun discussions with the World Bank for a new $1 billion loan aimed at boosting private investment, job creation, and economic diversification. The facility, called the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) programme and is scheduled to be considered by the World Bank Board on […]
BY MOTOLANI OSENI There was a time when trading, particularly on commodities exchanges, took place in loud, fast-paced trading floors dominated by a select group of seasoned professionals. Access to such markets was restricted, highly specialised, and filled with layers of intermediaries. Understanding the dynamics of risk and reward was a rare skill, often reserved […]
BY MOTOLANI OSENI Chairman of Allen Le & Partners, International Investment Consulting Joint Stock Company, Mr Allen Le Nam, has unveiled plans to mobilise multi-billion-dollar investments in Nigeria across various sectors. Mr Nam, who is based in Hanoi, Vietnam, disclosed the plan during his official visit to Nigeria, where he pledged to bring in other […]
Lagos State received the largest share of investment announcements of $7.29 billion in the third quarter, accounting for 81 percent of the total deals. Rivers State followed Lagos with $300 million worth of announcements in manufacturing and transportation and Oyo State with $231 million announced in electricity and trade (e-commerce). With the total investment announcements […]
Minister of Science and Technology, Dr Ogbonnaya Onu, has said that investment in Science, Technology and Innovation will boost Nigeria’s per capita income and Gross Domestic Product. The Minister spoke when he received in his office in Abuja the Ambassador of the Kingdom of Belgium to Nigeria, Ambassador Daniel Bertrand. This is according to a […]
One of the most important questions a person can ponder is what makes them happy. Is it financial stability, pursuing interests, spending time with friends and family, traveling, certain tangible items, or taking your dog to the park? The next question is, what does a person need to achieve that happiness? According to Instagram star […]
Bámidélé Adémólá-Olátéjú The issue of underdevelopment in Nigeria is not new. What is new is the headwinds of restive youths, insecurity, a ballooning population, the globalising effects of the coronavirus pandemic and dwindling national income. I spent the last four weeks traveling through the West of Nigeria and I am very worried. I am worried […]
TUNDE SHORUNKE Nigerian for Nigeria Initiative Awards (NNIA) in alliance with Lifecard International Investment in its maiden edition has given back to society as a means of reigniting the spirit of patriotism among Nigerians. This was disclosed at an award night, where the organiser reiterates the commitment of giving back to society. The Convener of […]
Institute for Corporate and Public Sector Professionals (ICPSP) has called on governments to improve investment in health, technology, manufacturing and education as a strategy to reduce adverse effects of the novel coronavirus (COVID-19), Daily Times gathered. ICPSP made the call in a communique it issued at the end of its 2020 International Conference which held […]
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years. Pantami disclosed this in a statement signed by Mrs Phil Oshodin, Director Press and Public Relations, on Tuesday in Abuja, when […]
There is anxiety of the dwindling foreign direct investment in Nigeria going by the recent statistics by the Nigeria Bureau of Statistics (NBS). While a foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country but it is […]