Nigeria’s Securities and Exchange Commission (SEC) is moving to bring more of the country’s rapidly expanding digital asset market under formal regulatory oversight. But the growing scale of crypto activity means the regulator now faces a bigger challenge, that is, turning a largely market-driven ecosystem into a compliant and investor-protected financial market. The SEC recently …
Femi Otedola has further increased his stake in First HoldCo Plc after Calvados Global Services Limited, a company related to the significant shareholder, acquired 147.74 million shares of the financial services group for about ₦20.68 billion. The transaction, disclosed by First HoldCo to the Nigerian Exchange Limited (NGX) on Monday, August 17, was executed on …
Geregu Power Plc's bond default may have shocked investors, but a review of its share-price performance and half-year financial position suggests that some warning signs were already visible before the company failed to meet its latest debt obligations. Checks by Pinnacle Daily reveal that the company’s share price fell 19.6 per cent between January 2 …
Geregu Power Plc has appointed Engr Mohammed Sani Jaoji as its acting Chief Executive Officer, effective Monday, August 17, 2026. The appointment comes amid growing concerns over the company’s debt obligations and recent default on its bond repayment. The company announced the appointment in a statement to the Nigerian Exchange Limited (NGX) and the investing …
The Nigerian stock market’s 228 per cent surge since 2023 has placed the Nigerian Exchange Limited (NGX) among the world’s strongest-performing equity markets. However, the Alliance for Economic Research and Ethics has warned that the rally comes with significant valuation and liquidity risks. In its assessment of the market, the Alliance noted that the NGX …
Financial Services Innovators (FSI), in partnership with Mentors Without Borders (MWB), has expanded its one-year Tech Mentorship Programme to Aliko Dangote University of Science and Technology (ADUSTECH), Wudil, Kano State. The initiative is designed to equip university students with practical technology skills, industry knowledge and professional mentorship to improve their employability and career prospects in …
Nigeria recorded one of Africa's strongest rebounds in foreign direct investment (FDI) in 2025, according to a new report by the Bashir Adeniyi Centre for International Trade and Investment (BACITI). However, the country's recovery remains heavily dependent on large oil and gas transactions rather than investments capable of creating broad-based jobs, manufacturing capacity and export …
The Securities and Exchange Commission (SEC) will on Thursday, August 6, hold an investor clinic in Abuja to educate investors and beneficiaries on how to recover unclaimed monies and inherited investments in the Nigerian capital market. The programme, tagged 'Probate and Unclaimed Monies Awareness and Investor Clinic,' is part of a nationwide awareness campaign by …
The Alliance for Economic Research and Ethics (AERE) has urged the Federal Government to overhaul its fiscal strategy, saying Nigeria should shift from a debt-driven model to a revenue-led approach, while citing Anambra State's zero-borrowing policy as evidence that economic development can be achieved without accumulating unsustainable debt. In a policy paper released on August …
Nigeria's insurance industry delivered a mixed but largely resilient performance in the first half of the year as stronger insurers posted solid earnings despite inflation, foreign exchange losses and rising operating costs, while weaker operators raced to meet the recapitalisation deadline under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The financial results suggest the …
