Author: Olu Anisere

Fitch Ratings has changed its 2026 global sovereign sector outlook to ‘deteriorating’ from ‘neutral’

The Federal Government, through the Debt Management Office (DMO), has announced two savings bonds for subscription in July.

Airtel, Dangote Cement Boost NGX Index, Investors Gain N3.45trn Airtel Africa and Dangote Cement Plc rallies drove a N3.45 trillion gain on the Nigerian Exchange (NGX); investors continue to take positions ahead of second quarter earnings releases. The local bourse closed trading on a positive note, with key market performance indicators advancing further by 2.27%. The gain was mainly supported by buying interest in AIRTELAFRI (+10.00%), ARADEL (+8.68%), DANGCEM (+3.15%), and FIDELITYBK (+9.97%). The market recorded buying actions in VITAFOAM, MTNN, ACCESSCORP, and FCMB, boosting the NGX key performance indicators. The NGX All-Share Index (ASI) added 5,376.70 points in today’s…

Deutsche Börse Group’s Clearstream has expanded its institutional crypto custody service by adding six more digital assets.

PenCom Extends PenCare Access to Retirees Earning N150,000 The National Pension Commission (PenCom) has expanded eligibility for its PenCare Initiative pilot to retirees receiving monthly pensions of up to N150,000, aimed at increasing participation and improving healthcare access. PenCom Director-General, Ms Omolola Oloworaran, said this on Tuesday in Abuja after the third meeting of the Pension Industry Leadership Council (PILC). Oloworaran said the commission raised the income threshold to attract more participants and generate sufficient data required to evaluate the effectiveness of the pilot programme. According to her, PenCom targets 30,000 beneficiaries under the initiative but has so far enrolled…

NPA Records 4.4% Rise in Cargo Throughput at Apapa Port in 2025 The Lagos Port Complex (LPC), Apapa, recorded a 4.4 per cent increase in cargo throughput in 2025, handling 21,997,773 metric tonnes, up from 21,069,745 metric tonnes in 2024. The General Manager of the port, Mr Debo Lawal, disclosed this in an interview with the News Agency of Nigeria on Tuesday in Lagos. Lawal attributed the improved performance to enhanced operational efficiency, infrastructure upgrades, and stronger collaboration among stakeholders. He said export cargo also rose by 3.8 per cent to 19,528,636 metric tonnes in 2025, up from 18,806,306 metric…

Tinubu Tasks Afreximbank on Africa’s Industrialisation, Value Addition President Bola Tinubu on Tuesday urged the African Export-Import Bank (Afreximbank) to intensify efforts to mobilise Africa’s human, financial and natural resources for the continent’s economic transformation. Tinubu gave the charge while receiving a delegation from Afreximbank, led by its President and Chairman of the Board, Dr George Elombi, at the State House, Abuja. The president said Africa must move beyond discussions to practical actions that would drive industrialisation, expand trade, create jobs and improve living standards. “The conscience and the future of Africa depend on what you and your team can…

DeXe price gained about 5% to $29.08, significantly outperforming a flat broader market, primarily driven by capital rotation

South African rand opens firmer on Tuesday ahead of net and gross reserves updates from the central bank.

The average yield on Nigerian Treasury bills declined by 9 basis points in the secondary market