Author: Olu Anisere

Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund has announced a plan to pay dividends to shareholders on February 27, 2026, following its latest earnings performance.

Nigerian treasury bills (NTB) yield fell in the secondary market after more than half of the total subscription at the midweek auction was rejected by the authority.

Ripple (XRPUSD) slides by 1.01% to $1.41 due to sustained selloffs in the crypto market. The price slump was primarily driven by sustained institutional selling pressure via ETF outflows and a deeply negative derivatives market.

Edun Calls for Global South Unity to Check Fragility The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says there is a need for unity among countries of the Global South to check the rising fragility in global growth. Edun said this at the Intergovernmental Group of 24 (G-24) Technical Group Meeting (TGM) 2026 in Abuja on Thursday. He said that the current global economic environment was marked by profound uncertainties, systemic vulnerabilities and a contest between fragmentation and integration, which also hampered trade and debt sustainability. The minister said that the recurring theme of fragility,…

The global crypto market dropped by about 2% in the last 24 hours to $2.3 trillion on Thursday, primarily driven by a hawkish Federal Reserve policy signal.

Seplat Energy and Zenith Bank were among the risers in the stock market, driving momentum in the Nigerian Exchange (NGX) on Wednesday, boosting key performance indicators by 56 basis points.

Gabon Yet to Request IMF Financing Programme Ahead of Visit IMF spokesperson on Wednesday said Gabon has not yet submitted a formal request for a financing programme, adding that a 10-day staff visit to the country will begin next week. Market optimism about a potential International Monetary Fund programme has bolstered Gabon’s dollar-denominated bonds maturing in February 2031, which rose from 76.75 cents on the dollar on Jan. 20 to 86 cents on Wednesday. IMF engagement with Gabonese authorities remains close, the spokesperson said, adding that its staff will evaluate recent economic developments and discuss policy and reform priorities during…

Nigerian Exchange Recovers, Delivers 22.4% YTD Return The Nigerian Exchange (NGX) recovered from selloffs on Wednesday with positive price appreciation across sectoral indexes. Key performance indicators surge as investors reposition in stocks with strong fundamentals. Stockbrokers highlighted that the All-Share Index edged higher by 0.58% to 190,427.96 points, pushing the year-to-date (YTD) return to 22.37%. Market capitalization similarly grew by 0.56%, gaining ₦683.62 billion to ₦122.24 trillion. Investors sentiment was bearish at 0.8x, with 33 gainers overshadowed by 41 losers. MANSARD, SKYAVN, BETAGLASS, ZICHIS, and JAPAULGOLD emerged as top performers, whereas DEAPCAP, MECURE, VITAFOAM, UNIONDICON, and ABBEYBDS recorded the largest…

Ripple (XRPUSD) is trading at $1.47, about a 100 basis point surge in 24h, outperforming a declining Bitcoin and its own sector, primarily driven by a technical bounce from a key Fibonacci support level.

FG, AfDB Partner on Expanding Nigeria’s Fibre Network to 125,000km The Federal Government has invited the African Development Bank (AfDB) to support the design and financing of the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE), also known as Project BRIDGE. The AfDB said this in a statement on its website. According to the bank, the project aims to expand Nigeria’s fibre backbone from 35,000km to at least 125,000km, making it Africa’s third-longest terrestrial fibre network after Egypt and South Africa. It said the expansion was expected to address existing infrastructure gaps, as current fibre coverage reportedly met only about…