Author: Olu Anisere

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion, up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion.

GCR Ratings has affirmed Development Bank of Nigeria Plc’s (DBN) national scale long and short-term issuer ratings of AAA(NG) and A1+(NG) , respectively.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.

Tinubu Seeks $516m Loan Approval for Sokoto–Badagry Superhighway President Bola Tinubu has requested the Senate’s approval for a 516.3 million dollars syndicated loan to finance key sections of the Sokoto–Badagry Superhighway. The Superhighway is a major infrastructure project under his administration’s Renewed Hope Agenda. The request, is contained in a letter read during plenary on Thursday by Senate President Godswill Akpabio, seeks legislative authorisation in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011. In the letter, the President outlined the scope and purpose of the proposed financing. “The purpose of this communication is to…

UBA, Zenith Rally Boost NGX Index, Investors Gain N861bn UBA, First Holdco, Access Holdings and Zenith Bank led today’s rally on the Nigerian Exchange (NGX), with the trading platform showing the All-Share Index inching near 220,000 points. The Nigerian equity market closed trading activities for today on a bullish note, with key performance indicators rising by 0.61%. With the Banking sector leading the charge, investors stepped up interest in some fundamentally solid midcap and blue-chip stocks across all major market sectors. Notable gainers included First Holdco, UBA ACCESSCORP, UBA, VITAFOAM, DANGSUGAR, PZ, among others. Consequently, the market index or All-Share…

The outlook for an interest rate cut in Nigeria has turned negative, as disinflation reversed amid the global energy crisis triggered by the U.S.-Iran war in the Middle East.

The South African Rand eased against the dollar as renewed US-Iran tensions boosted safe-haven demand for US Treasuries amid escalating war in the Middle East, First National Bank (FNB) said in a note.

With B.O.C Kenya and Uchumi leading the rally, the Nairobi Securities Exchange (NSE) Index climbed by 0.2% on Tuesday, reflecting investors’ positive sentiment.

Investors Gain N88bn in Nigerian Stock Market The Nigerian equities market closed on a positive note, as key indicators recorded marginal gains due to renewed buying interest in select stocks. Market capitalisation rose by N88 billion, or 0.06 per cent, to N140.523 trillion from N140.435 trillion recorded on Monday. Similarly, the All-Share Index advanced by 135.97 points, or 0.06 per cent, to close at 218,249.81, compared with 218,113.84 posted on Monday. The uptick was largely driven by increased demand for stocks such as National Salt Company, Union Dicon Salt, WAPCO, Trans-Nationwide Express and UAC of Nigeria, among others. As a…

Oyedele Replaces Edun as Tinubu Reshuffles Cabinet President Bola Tinubu has approved a minor cabinet reshuffle in the Federal Executive Council (FEC). A statement issued by the Secretary to the Government of the Federation (SGF), Sen. George Akume. said two ministers would leave the cabinet. The statement was signed by Mr Yomi Odunuga, Special Adviser, Media and Publicity to the SGF. He said that Edun, who served as Minister of Finance and Coordinating Minister for the Economy, had been directed to hand over to Mr Taiwo Oyedele, now elevated to the position. Oyedele was formerly Minister of State in the…