Economy

Sovereign Trust Insurance Raises N6.6 Billion, Says It Has Met NAICOM Recapitalisation Requirement

Sovereign Trust Insurance Plc has said it has met the capital requirement prescribed by the National Insurance Commission (NAICOM) following…

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Oil Prices Tumble as Trump Delays Iran Attack, Pushes for Nuclear Deal

Crude oil prices fell sharply on Monday as investors reacted to signs of easing tensions between the United States and…

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Otedola’s N300 Billion FirstHoldCo Buying Spree Lifts Shares to N129.90 in July

First HoldCo Plc emerged as one of the most closely watched stocks on the Nigerian Exchange in July 2026 as…

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Ecobank Grows H1 Profit 6% to $296 Million as Revenue Rises 15%

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, reported a 6 percent increase in profit after tax…

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Nigeria Risks Becoming a Market for Imports, NSDC Warns

Nigeria could lose its competitive position in Africa’s emerging single market unless authorities address the structural challenges driving up production…

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FCMB Group Profit Jumps 90% to N139.86 Billion in H1 2026 as Interest Income Surges

FCMB Group Plc reported a 90.5 percent increase in profit after tax to N139.86 billion for the six months ended…

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Black Market Dollar to Naira Exchange Rate for Today, Monday, July 27, 2026

The Dollar to Naira exchange rate in the Nigerian black market, also known as the parallel market, recorded a slight…

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FCMB Group Board Approves Q2 2026 Financial Statements, Long-Term Incentive Plan

FCMB Group Plc has announced that its Board of Directors has approved the Group’s unaudited financial statements for the quarter…

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CBN Targets Single-Digit Inflation as Cardoso Briefs Senate on Economy

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reducing inflation to single digits over the medium term…

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Zenith Bank Named Africa’s Best Bank, Retains Nigeria Title at Euromoney Awards

Zenith Bank Plc has been named Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence,…

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