Author: Ogochukwu Ndubuisi

NGX Chair Seeks Regulation to Drive Digital Assets Growth Nigerian Exchange Group has underscored the need for collaboration among stakeholders to foster a sustainable, well-regulated environment for digital asset trading and investment in the country. Its Chairman, Dr Umaru Kwairanga, made this known in a goodwill message delivered at the 2026 Investment Advisers and Portfolio Managers’ Conference in Lagos. The theme of the conference is “Fostering Enduring Operating Environment for Digital Assets Trading and Investments-Regulators/Operators Perspective”. Kwairanga, in a statement on Friday, said the theme reflected the growing influence of emerging technologies in modern finance. According to him, the rise…

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.

Investors Gain N3.4T as Capital Rotates to Banking, Energy Stocks Equities investors gained about N3.4 trillion in the Nigerian Exchange (NGX) on Friday on strong sectoral performance led by the banking, energy stocks, The market, for the ninth trading session, sustained its positive momentum on strong buying across all key sectors, with the Banking and Oil & Gas sectors leading the charge, posting impressive 3.64% and 3.29% increases, respectively. The All-Share Index climbed 5,266.56 basis points in today’s trading session, reflecting a 2.49% increase to close at 217,167.57 points. Likewise, market capitalisation increased by ₦3,390.69 billion, representing a 2.49% growth,…

The Nigeria Data Protection Commission (NDPC) has opened an investigation into an alleged data breach at the Corporate Affairs Commission (CAC).

Oil Prices Dip on Potential U.S.-Iran Deal Oil prices edged lower on Friday as optimism over a potential US–Iran agreement eased geopolitical risk sentiment, although ongoing tensions in Lebanon capped losses. International benchmark Brent crude traded at $98.80 per barrel, down around 0.6% from the previous close of $99.39. US benchmark West Texas Intermediate fell about 0.98% to $93.76 per barrel, compared with $94.69 in the previous session. Oil prices declined in early trading as expectations grew that tensions in the Middle East could ease. US President Donald Trump said Thursday that Washington is “very close” to reaching a deal…

Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.

Investors Gain N1.66trn in Nigerian Stock Market The Nigerian stock market extended its bullish run on Thursday, with investors recording a gain of N1.663 trillion as market capitalisation rose to N136 trillion. The uptrend was driven by price appreciation in stocks such as Guinea Insurance, Trans-Nationwide Express, Aradel, Ecobank Transnational, Daar Communications and 40 other equities. Specifically, the market capitalisation increased by 1.23 per cent, representing a gain of N1.663 trillion, to close at N136.435 trillion compared with N134.772 trillion recorded at the opening of trading. Similarly, the All-Share Index (ASI) rose by 2,583.61 points or 1.23 per cent to…

Nigerian Breweries Plc says it is leveraging the backing of its majority shareholder, Heineken, to drive growth and strengthen its operations.

The Federal Government of Nigeria (FG) has partnered with investors and other stakeholders to revive the palm oil subsector and reduce the country’s dependence on imports.

Veritasi Homes & Properties Lists N10bn Bond on FMDQ FMDQ Securities Exchange Limited has approved the listing of Veritasi Homes & Properties PLC’s ₦10.00 billion 3-Year 20.00% Series 1 Fixed Rate Bond under its ₦30.00 billion Bond Issuance Programme. This milestone highlights the Exchange’s role in facilitating efficient capital formation in Nigeria’s fixed-income market, according to an official statement released on Thursday. FMDQ said Veritasi Homes & Properties PLC is a leading real estate development company in Nigeria with a proven track record of delivering high-quality residential and commercial properties across strategic locations. The proceeds from the Bond issuance, sponsored…