Author: Julius Alagbe

The 330 Kilo (kV) West African Power Pool (WAPP) North Core Interconnection project is almost completed to enhance regional power supply and integration.

CBN Inaugurates Payments Committee to Boost Digital Economy The Central Bank of Nigeria (CBN) has inaugurated a Payments Service Providers’ Committee to strengthen coordination, address challenges and sustain growth in digital payments. Dr Abdullahi Sani, CBN Deputy Governor (Economic Policy), said the committee unites licensed providers and key regulators at its inaugural Lagos meeting. Sani said Nigeria’s digital payments landscape had recorded remarkable expansion in recent years, reflecting growing adoption across sectors. “In 2024 alone, over 11.2 billion electronic transactions valued above N1.07 quadrillion were processed,” he said. He noted this marked the first time transactions exceeded the quadrillion-naira threshold,…

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has reaffirmed its commitment to providing customers with seamless and uninterrupted banking services throughout the Easter public holidays.

Ripple (XRP) price climbed slightly, trading at $1.32 during early morning on Saturday, as the crypto market remains tight.  XRP has gained about 2%, though trading volume remained depressed 1% to $2 billion.

Cardano Gains on Mastercard Partnership, Google AI Quantum Ranking Cardano (ADA) price surged 3% to $0.2446 over the past 24h, outpacing a flat broader market, driven primarily by speculation about a potential Mastercard partnership. Investors moved to the buy side on optimism about Google’s Quantum security ranking, which places Cardano above Ethereum. This price move aligns with a modest uptick in the total crypto market cap but shows signs of independent, news-driven interest. Partnership speculation drove trading volume after EMURGO CEO teased Cardano’s entry into Mastercard’s qualification stage. The ADA price uptick was supported by a technical bounce from oversold…

The naira dipped against the US dollar at the Nigerian foreign exchange market (NFEM), with the official rate closing at N1,380, data published by the Central Bank revealed.

NG Treasury Bills Market Turns Green, Yield Dips Reflecting an improved investor sentiment, the Nigerian (NG) Treasury bills market turned green, with the average yield declining by 1 bp to 17.66%. The secondary market saw buying as investors continued to shift funds across the Nigerian financial market, seeking higher yields to optimise their portfolios. Investors’ interest in the naira curve remains strong as macroeconomic indicators signal a positive outlook for the Nigerian economy. Inflation is anticipated to decline further, with a mixed outlook for interest rates amid geopolitical instability that is expected to affect policy dynamics. Traders at Meristem Securities…

Ripple (XRP) crashed to its lowest level in weeks at $1.30, losing more than 3% over the last 24 hours amid bearish conditions in the global cryptocurrency market, closely tracking a broader market sell-off.

PZ Cussons Boosts Earnings, Profit Rises by 246.5% PZ Cussons Nigeria Plc has significantly improved its earnings in the first nine months of the financial year 2026, achieving a remarkable 246.5% year-on-year increase in profit. Its financials revealed that pretax profit rose to ₦68.2 billion in 9M 2026, up from ₦15.0 billion in 9M 2025, a 355.5% increase. This was supported by significant top-line growth. The company’s revenue expanded substantially in the period, up by 27.7% year on year to ₦197.2 billion, compared to ₦154.4 billion in 9M 2025. The cost of sales rose in tandem with revenue, increasing by…

Market value of FCMB Group Plc.’s 65.954 billion outstanding shares climbed by 2.54% to about N800 billion, an uptick driven by bargain hunting and additional listing.