The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has said Nigeria’s capital market is yet to unlock its full potential, calling for urgent collaboration among regulators, investors and issuers to drive sustainable growth and global competitiveness. Speaking at the Emerging Africa Capital Limited Investor Summit & Awards, Agama said while recent reforms …
As the Central Bank of Nigeria's (CBN) recapitalisation deadline closes on March 31, 2026, Nigeria’s banking sector is entering a new phase, with attention shifting from capital raising to the real economic impact of the exercise. The recapitalisation programme, launched in March 2024 with a 24-month compliance window from April 1, 2024, is designed to …
Just six per cent of Nigerians feel financially secure, as inflation, low incomes, squeeze households, according to a Piggyvest Savings Report 2025 released recently. The report shows that low incomes, persistent inflation and rising family responsibilities continue to erode savings capacity. It paints a stark picture of financial fragility, revealing that the vast majority of …
The Central Bank of Nigeria (CBN) says it is set to review the Federal High Court judgement on its 2024 intervention in Union Bank of Nigeria Plc, signalling possible next steps after the ruling. In a statement issued Wednesday and signed by its acting director of corporate communications, Hakama Sidi Ali, the apex bank said …
The Central Bank of Nigeria (CBN) has ordered all international money transfer operators (IMTOs) to open naira settlement accounts and route all remittance transactions through them, effectively ending dollar payouts to recipients in Nigeria. The policy, which takes effect May 1, 2026, requires that diaspora remittances be disbursed in local currency, marking a significant shift …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger collaboration among African financial regulators. He made the call at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and Supervision in Abuja on Tuesday, March 24. He warned that growing cross-border linkages in the continent’s …
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Emomotimi Agama, has been re-elected as Vice Chair of the Africa/Middle-East Regional Committee of the International Organisation of Securities Commissions (IOSCO) for a second term covering 2026–2028. The SEC disclosed the development in a statement issued Tuesday, March 24, noting that the appointment was confirmed …
The Nigerian Exchange (NGX) has revealed plans to overhaul free-float requirements as part of a broader strategy to deepen Nigeria’s equity market and attract more investors. The NGX Group Chief Executive Officer, Temi Popoola, made this known, according to a report by Bloomberg He hinted that the exchange is working closely with the Securities and …
The recent escalation of tensions in the Middle East, between the United States (US) and Iran, is raising fresh concerns that the Central Bank of Nigeria (CBN) may be forced to reconsider its plans to continue lowering benchmark interest rates, as rising oil prices and inflation risks ripple through the global economy. A senior market …
In a series of regulatory guidelines issued last week, the Central Bank of Nigeria (CBN) introduced new measures aimed at strengthening security, transparency and consumer protection across Nigeria’s financial services sector. Released through several circulars between March 10 and March 13, 2026, the new rules cover areas including instant payments, ATM deployment, fraud monitoring, Bank …
