Stakeholders in Nigeria’s capital market have called for stronger participation of women in the sector, stressing that their contributions are critical to building a more resilient and inclusive financial system. The call was made during an event organised by the Securities and Exchange Commission (SEC) to mark International Women’s Day on Monday, March 9. Speaking …
Jaiz Bank Plc has appointed Omolara Muinat Ismail as Executive Director, strengthening its leadership team as the bank continues its growth strategy. The appointment, which took effect on February 28, 2026, was approved by the Central Bank of Nigeria, the bank said in a statement issued on Monday and signed by its Company Secretary and …
FCMB Group Plc has completed the capital raise programme for its banking subsidiary, First City Monument Bank Limited, after securing ₦242.8 billion to meet the new capital requirement for an international banking licence. It announced this in a statement issued on Sunday, March 8, and signed by the Group Chief Executive, Ladi Balogun. The financial …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has explained why the existence of domestic refineries does not automatically guarantee cheaper petrol and other petroleum products. Yusuf explained the rationale in a policy brief released on March 9, stressing that global crude oil prices remain the dominant …
Nigeria’s three major cement producers, Dangote Cement, BUA Cement and Lafarge Africa, posted strong revenue and profit growth in their 2025 audited financial results. But Dangote Cement stood out by making significantly more profit per bag of cement than its competitors. The company recorded the highest gross profit margin in the industry, showing it is …
Thirty banks have already met Nigeria’s new minimum capital requirements ahead of the March 31, 2026 deadline, the Central Bank of Nigeria (CBN) said. The apex bank announced in a statement issued on Friday by its Acting Director of Corporate Communications, Hakama Sidi Ali. The apex bank said lenders across the industry have been actively …
BudgIT Nigeria has raised fresh concerns over transparency and accountability in the proposed 2026 federal budget, warning that vague project descriptions and structural weaknesses could undermine legislative oversight and fiscal credibility. In a memo submitted to the National Assembly, the civic technology organisation said the lack of detailed explanations for several major budget line items …
Nigeria’s economy faces a mix of gains and pressures from the ongoing conflict between the United States, Israel and Iran, with higher global energy prices expected to strengthen government finances even as inflation risks intensify. In a report released on Thursday, March 5, CardinalStone Research said the war, which began on February 28, 2026, has …
MultiChoice has announced plans to shut down its streaming platform. Showmax after eleven years of operation. It revealed the decision in an email sent to subscribers on Thursday, hinting that the service is to be discontinued following a strategic review. “We’re writing to inform you of an important update regarding Showmax,” the streaming platform said …
The Central Bank of Nigeria (CBN) said it has taken delivery of responsibly sourced London Bullion Market Association (LBMA) Good Delivery-standard gold into its foreign reserves. The move, which is aimed at strengthening reserve diversification and macroeconomic stability, has raised its total gold holdings to $3.5 billion. According to the apex bank in a statement …
