Author: Julius Alagbe

Investors gained N880 billion as the equities segment of the Nigerian Exchange (NGX) sustained its upward momentum on Wednesday, with the All-Share Index climbing 0.78% to 178,184.35 points.

Ecobank Nigeria Unveils Business App to Boost SME Growth Ecobank Nigeria has launched the Ecobank Business App, a new digital banking platform designed to strengthen the growth and sustainability of Small and Medium Enterprises (SMEs) across Nigeria. The app allows business owners to manage payments, monitor transactions, oversee cash flow, and run day-to-day financial operations directly from their mobile devices, eliminating delays, queues, and operational inefficiencies. The new application is now available on the Google Play Store and Apple App Store. Speaking at the launch in Lagos, Kola Adeleke, Executive Director, Consumer and Commercial Bank, stated that the Ecobank Business…

Naira ‘Swings Right’, Touches Intraday Low of N1,345 The naira swung right against the US dollar, extending its daily rally in succession on the back of sufficient FX liquidity at the official window, according to updated data from the Central Bank of Nigeria on Wednesday. Spot rates traded mixed at the official and parallel market following the authority approval of $150k FX sales for Bureau de Change (BDCs) operators that have been officially licensed. At the CBN window, the local currency gained 0.15% to ₦1,348.95/$ while rate was steadied at ₦1,426/$ in the parallel market, reflecting divergent currency dynamics between…

First Holdco Writes Off N27m as Bad Debt, Not N748bn Screaming headlines, First Holdco wrote off N748 billion in bad debt, is a wrong explanation if International Financial Reporting Standard 9 on expected credit losses. The impairment charge, an attempt to clean up the balance, surged on legacy loans that have not been performing; if recovered later, there will be a write-back in the profit or loss statement. The charge is a non-cash provision that reduces the asset value on the balance sheet. FirstHoldco’s profit plunged because the group impairment on credit losses spiked by 75% after the Central Bank…

TotalEnergies proposes a €3.40 dividend per share for the fiscal year 2025, according to an official statement. The company generated a stable cash flow of $7.2 billion in the 4th quarter, despite a drop of more than $5/b in oil prices.

Tantalizer Plc has announced that the group has received N2 billion from RGM Materials Solutions Limited for 10% equity in its entertainment subsidiary, Tantainment Limited.

Côte d’Ivoire has been lauded for making remarkable progress in reducing the country’s macroeconomic imbalances. 

The Nigerian Exchange (NGX) market capitalisation swelled as equities investors gained N1.9 trillion over a sustained bullish trend in the local bourse.

Amidst geoeconomic uncertainty and the global central banks’ monetary easing trend, offshore investors shifted their attention to African Eurobonds. With yields declining, Nigeria’s sovereign notes courted foreign portfolio investors’ attention at the international market, along with demand in Angola and Egyptian notes. The yield contraction demonstrated strengthening interest and positive confidence among global investors toward the nation’s dollar-denominated sovereign debt. Oil-linked issuers still offer relatively high yields compared with advanced economies, though political and economic risks are not at par, leaving a wide difference in borrowing costs. Investors sentiments on Nigeria’s papers have increased since economic reforms, and by extension…

Wema Bank Plc hit N1 trillion in market capitalisation as the Tier-2 lender’s 2025 earnings boosted investors’ buying interest in the domestic equity market.