The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 has proposed a penalty of N20 million or 10 years imprisonment or both for Ponzi scheme operators.

2025 BUDGET: The Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday.

Nigeria Approves $2.2bn External Borrowing Plan – Finance Minister Nigeria’s Federal Executive Council (FEC) has approved $2.2 billion financing programme…

Money market rates climbed further over a depressed funding profile in the banking system. Due to the absence of significant inflows from maturing instruments, the money market liquidity level closed on negative territory again on Thursday.

Naira Depreciates Ahead of 2-Week Automated FX Trading Trial The naira depreciated against the US dollar in the official exchange…

The Nigerian Exchange (NGX) market capitalisation lost more than N148 billion on Thursday as sell pressures hit BUA Cement…

Afreximbank Prices Debut Samurai Bonds, Raises JPY81.3 billion African Export-Import Bank (Afreximbank) has successfully priced its debut Samurai bond, securing…

Fitch Downgrades Republic of Congo after Debt Exchange Deal Fitch Ratings has downgraded the Republic of Congo’s Long-Term Local-Currency Issuer…

Northern Nigeria Flour Mills PLC has announced a plan to pay its shareholders an interim dividend next week.

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd).