Author: Ogochukwu Ndubuisi

Equity investors gained N5.5 trillion in the Nigerian stock market over 5 days, supported by strong buying momentum amid the first-quarter (Q1) 2026 earnings release.

Kano Rakes in N102bn Revenue in 2025 The Kano Internal Revenue Service (KIRS) says it has generated N102 billion in revenue in 2025. Its Chairman, Dr Zaid Abubakar, said this during the KIRS Annual Dinner and Awards Night, on Sunday in Kano. He said the service recorded N102 billion in revenue last year, as against N74 billion in 2024, adding that the state has a revenue projection of about N200 billion for 2026. Abubakar attributed the feat to bold restructuring, improved compliance frameworks and strengthened partnerships. He said the service has positioned itself at the forefront of Nigeria’s evolving tax…

Fidelity Bank Gains 11% Amidst Oversubscribed Private Placement Nigerian lender Fidelity Bank Plc. saw its market value surge amid bargain hunting on the Nigerian Exchange, with investors gaining more than 11% over five trading sessions. According to trading data from the Nigerian bourse, Fidelity Bank’s share price increased to N22.30 at the close of the market on Friday, as 11.227 million units valued at N251.523 million. Reflecting positive investor sentiment ahead of Q1 2026 earnings, the market recorded strong positioning in Fidelity Bank, with volume transacted peaking at 44.809 million during last week’s trading session. Equitires analysts told MarketForces Africa…

Bitcoin (BTCUSD) retreated by 1.13% to $77,357.32, slightly underperforming a broadly flat crypto market, primarily driven by a modest pullback amid cooling sentiment and reduced leverage.

The naira fell against the US dollar at the official window as pressures from rising international payments eclipsed FX liquidity in the currency market.

Bitcoin Price Faces $79k Resistance, Tesla Keeps Holdings Bitcoin (BTCUSD) dropped about 2% to $77,520 on Thursday, underperforming a slightly weaker broader crypto market, primarily due to a rejection at key resistance amid heightened geopolitical risk. Trading data from crypto exchange showed that BTC failed to hold above $79,000, coinciding with stalled U.S.-Iran ceasefire talks and rising oil prices. Specifically, Bitcoin was rejected from the $79,000–$80,000 resistance zone, a level it briefly touched on April 22. This pullback coincided with renewed macro uncertainty as U.S.-Iran peace talks stalled and a U.S. naval blockade persisted, raising oil prices and increasing risk…

The Federal Government has inaugurated the Corporate Affairs Commission (CAC) Governing Board and the Intellectual Property Steering Committee to enhance transparency, improve investor confidence, and stimulate economic growth.

Alleged Coup: FG Set to Arraign 6 Suspects The Federal Government is set to arraign six suspected coup plotters. The case is listed number 14 on the Wednesday cause list before Justice Joyce Abdulmalik. The Federal Government, through the Office of the Attorney-General of the Federation (AGF), had filed the charge, marked: FHC/ABJ/CR/206/2026, against the defendants. The suspects are Maj-Gen. Mohammed Ibrahim Gana (rtd), Cap. (NN) Erasmus Ochegobia Victor (rtd), Insp Ahmed Ibrahim, Zekeri Umoru, Bukar Kashim Goni and Abdulkadir Sani, listed as 1st to 6th defendants respectively. Although the former Minister of State for Petroleum Resources, Timipre Sylva, is…

Ripple’s XRP price increased to $1.45, slightly underperforming a broader market rally of 2.14% but extending its weekly outperformance, primarily driven by sustained institutional and whale accumulation.

Equity analysts at CardinalStone Securities Limited have raised GTCO’s 12-month target price to N159.65 as the financial services group returns to its pre-2023 dividend payout ratio.