Six Merchant Banks Shop for N230bn to Meet New Capital

Naira Sees Large Daily Gain as FX Pressure Eases: The Nigerian naira saw a large daily gain in the official window as foreign currency liquidity challenge eased. According to data from FMDQ Securities, which shows the official exchange rate, the naira appreciated by 9.68%...Read more

TCN Reports Collapse of Tower on Jos-Gombe Transmission Line: The Transmission Company of Nigeria (TCN), says its tower T290, one of the four new towers erected by its contractors along the Jos-Gombe 330 KiloVolt (kV} transmission line, collapsed during the cable stringing process…Read more

Senate Committee Seeks Regulation on Crypto Trading: The Senate Committee on Capital Markets, on Monday, called for the regulation of cryptocurrency to ensure some level of accountability and protection of investor’s funds…Read more

Six Merchant Banks Shop for N230bn to Meet New Capital: Six merchant banks operating in Nigerian have less than two years to shop for N230 billion to meet the recapitalization deadline set for first quarter of 2026…Read more

Africa will Drive Global Agenda on Renewable Energy- AfDB President: Dr Akinwunmi Adesina, the President, African Development Bank (AfDB) Group, says Africa will drive global agenda on renewable energy?and green transitions…Read more

Yield on Nigerian Treasury Bill Moderate over Surging Demand: The average yield on Nigerian Treasury bills declined as traders in the secondary market ramped up naira assets as preferred options to reduce inflation scotch on wealth…Read more

Africa loses $7bn to $15bn yearly to climate change- Adesina: Dr Akinwunmi Adesina, the Group President, African Development Bank (AfDB), said Africa is losing about seven to 15 billion dollars annually to the ravages of climate change. Read more

Investors Trim Interest in FGN Bonds, Yields Increase: Fixed interest securities investors trimmed interest in Nigerian government bonds in their portfolios to align with their investment appetite amidst fast changing market dynamics and a widening real return on naira assets…Read more

CardinalStone Lifts Target Price for BUA Foods BY 14%: CardinalStone Securities analysts have raised BUA Foods 12-month target by about 14% to N314.16 per share from N275.76, details from its equity report revealed. Read more

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