CBN’s 20 Percent HoldCo Capital Rule Could Force Banks To Raise ₦1.7trn – RenCap
RenCap estimates Nigerian banks may need to raise more than ₦1.7 trillion if the CBN adopts its proposed HoldCo capital framework.
Access Holdings...
Nigeria Builds $52 Billion Cash Buffer to Protect Local Economy
The total national savings in foreign cash have climbed way up to 52 billion dollars.
Clean spendable savings made a massive jump from...
NIMC Takes Control Of Nigeria’s Digital Identity Security As NITDA Hands Over PKI
NITDA has transferred Nigeria's Public Key Infrastructure (PKI) to NIMC, strengthening the country's digital identity security framework under the newly amended NIMC Act.
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SEC Launches Nationwide Drive To Help Investors Recover Unclaimed Dividends
The Securities and Exchange Commission has launched a nationwide campaign to help investors recover unclaimed dividends and other funds linked to capital market...
CBN Launches FX Tracker, Tightens BDC Rules with 24-Hour Dollar Resale Mandate
The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker (FXBT), enabling real-time monitoring of Bureau De Change foreign exchange purchases...
First Holdco Rally Fails to Sustain Broad Market Momentum as NGX Slips by ₦32bn
Nigerian equities shed ₦32 billion as profit-taking in BUA Cement and Eunisell outweighed strong gains in banking stocks.
First Holdco jumped 9.96 per...
100,000 Companies Face Deregistration As CAC Cracks Down On Regulatory Non-Compliance
The Corporate Affairs Commission has given about 100,000 companies 90 days to comply with statutory filing requirements or risk being struck off its...
Who Controls Nigeria’s Electricity Market? NERC’s New Order Sparks Battle Over Regulatory Powers
 NERC's latest directive has ignited a dispute over who has the authority to regulate electricity investments as Nigeria's power market becomes increasingly decentralised.
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Nigeria’s Foreign Reserves Hit Highest Level Since 2009, Here’s What’s Driving Surge
Nigeria's external reserves climbed to $51.86 billion, their highest level since 2009, strengthening the country's foreign exchange buffer.
Higher oil receipts, stronger export...
We’re Building Necessary Future For Our People – Tinubu Tells Deloitte, Defends Economic Reforms
President Tinubu says his administration's bold economic reforms are laying the foundation for Nigeria's future, insisting the temporary hardships are necessary to achieve...