Author: Ogooluwa Aremu

Equities investors in the Nigerian stock market saw an increase of N4.08 trillion, approximately $3 billion, during a weekly surge driven by RTBRISCOE and Zichis, both of which experienced price gains exceeding 60%.

Burkina Faso’s Economic Resilience Amid Challenges Commendable -IMF Burkina Faso continues to drive economic resilience amid security and humanitarian challenges, a development that the International Monetary Fund (IMF) commends following a recent official visit. The country thrives with sound economic policies, and a rapid increase in exports has contributed to growth, helping to keep public debt on a sustainable path, while keeping inflation under control. Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Ouagadougou at the end of his visit to Burkina Faso: “I am delighted to have visited Burkina…

Ripple (XRPUSD) is down 4.52% to $1.40 over 24 hours, significantly underperforming Bitcoin, which is slightly positive, primarily due to a lack of buying support.

British Pound Struggles over Dovish BoE, Political Uncertainty British pound (GBPUSD) edged back toward $1.36 at the end of a volatile week that nonetheless put sterling on track for its sharpest weekly decline against the dollar since late October. GBP depreciation was driven by a mix of political turbulence and a more dovish-than-expected message from the Bank of England. A combination of a dovish hold by the Bank of England (BoE) and new knocks on Prime Minister Starmer saw sterling tumble more than a cent for the first time in three months. GBPUSD lost the most to the euro since…

Investors are taking a step back as the crypto market cap crashed to $2.2 trillion on Friday

UAC of Nigeria Lists N54.03bn Bond on FMDQ Exchange FMDQ Securities Exchange Limited has approved the listing of UAC of Nigeria Plc.’s ₦54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its ₦150.00 billion Issuance Programme. According to FMDQ, the approval was granted by the Exchange’s Board Listings and Markets Committee, which underscores the Exchange’s pivotal role in enabling corporate entities to access long-term capital through transparent and well-regulated debt instruments. UACN deploys the proceeds from the issuance to refinance existing obligations, fund capital expenditure programmes, and strengthen the Issuer’s working capital, according to an official statement. UAC of…

Transcorp Power Profit Rises by 14%, Board Hikes Dividend Transcorp Power grew profit after tax by 14% year-on-year to N 91,417 billion at the end of the financial year 2025, details obtained from its audited financial statements revealed. Due to its double-digit earnings surge, the board proposed a full-year dividend of ₦5.50 per share for 2025, 10% increase from the amount paid in 2024. The profit distribution comprises an interim dividend of ₦1.50, paid on, and a final dividend of ₦4.00. Details from its audited figures indicated that the power-generating company builds its impressive earnings results on significant year-on-year growth…

Seplat Fires Up, Investors Bet on Tony Elumelu for Capital Gain Nigeria’s top energy company, Seplat Plc, has hit its all-time high in the stock market, gained 10% following a significant block trade transaction, according to stockbrokers. The energy stock fired up momentum as investors’ sentiment improved ahead of fourth-quarter earnings expectations. Since January, the company’s share has gained about 27% after Maurel & Prom (M&P) sold shares in Seplat to Heirs Energies. Past trading data revealed Seplat rarely shifts positions in the stock market, irrespective of its earnings or dividends announcements. Price moved once in a while, but that…

Naira Weakens Against US Dollar, Spot Rate Settles at N1,366 The naira weakened against the US dollar at the official window on Thursday, depreciating by ₦7.77 to close at ₦1,366.05/US$ compared with ₦1,358.28/US$ previously reported by the Central Bank. The exchange rate came under slight pressure as requisition for international payments eclipsed dollar volume at the supply side, slightly reversing the recent trend. Based on data from the CBN, Fx largely traded within the low and high bands of ₦1,361.80/US$ and ₦1,380.00/US$ respectively, in the absence of currency intervention. Broadstreet expects the Naira to continue trading in line with prevailing…

N2.4bn Fraud: Ex-NEXIM Bank MD Robert Orya Jailed for 490 Years The Federal High Court in Abuja has sentenced the former Managing Director (MD) of the Nigeria Export-Import Bank (NEXIM), Robert Orya, to 490 years’ imprisonment following his conviction in a ₦2.4 billion fraud case. In a statement shared via its official X handle on Thursday, the Economic and Financial Crimes Commission (EFCC) confirmed the development. Justice F.E. Messiri of the Abuja High Court has sentenced former NEXIM MD Robert Orya, who served from 2011 to 2016, to 10 years’ imprisonment for each of the 49 counts brought against him…