Ogochukwu Onwaeze, THEWILL

RenCap estimates Nigerian banks may need to raise more than ₦1.7 trillion if the CBN adopts its proposed HoldCo capital framework. Access Holdings faces the largest projected funding gap, while UBA, Zenith Bank, and Fidelity Bank could also...

NITDA has transferred Nigeria's Public Key Infrastructure (PKI) to NIMC, strengthening the country's digital identity security framework under the newly amended NIMC Act. The handover positions NIMC as Nigeria's Root Certification Authority, giving it responsibility for securing digital...

The Securities and Exchange Commission has launched a nationwide campaign to help investors recover unclaimed dividends and other funds linked to capital market transactions. The initiative will educate Nigerians on verifying and claiming unclaimed dividends, public offer refunds,...

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker (FXBT), enabling real-time monitoring of Bureau De Change foreign exchange purchases and transactions across the official market. Licensed BDC operators must now resell any unused foreign...

Nigerian equities shed ₦32 billion as profit-taking in BUA Cement and Eunisell outweighed strong gains in banking stocks. First Holdco jumped 9.96 per cent to lead the gainers’ chart for another session, while UBA, Jaiz Bank, and McNichols...

 NERC's latest directive has ignited a dispute over who has the authority to regulate electricity investments as Nigeria's power market becomes increasingly decentralised.  DisCos and state regulators argue the Order goes beyond NERC's powers, while the Commission says...

Nigeria's external reserves climbed to $51.86 billion, their highest level since 2009, strengthening the country's foreign exchange buffer. Higher oil receipts, stronger export earnings, and renewed foreign investor inflows have combined to drive the steady build-up in reserves. ...

Investor wealth rose by ₦390 billion as market capitalisation climbed to ₦156.239 trillion despite a slight dip in the benchmark index. First Holdco rallied nearly 10 percent to lead 33 gainers, extending buying interest in banking and mid-cap...

Headline inflation eased marginally to 15.91 percent in June from 15.93 percent in May, while monthly inflation slowed to 1.66 percent Food inflation accelerated to 3.75 percent month-on-month as prices of tomatoes, fresh pepper, crayfish and other staples...

The Central Bank of Nigeria (CBN) is seeking to raise ₦600 billion at today's Treasury Bills auction, with the one-year instrument expected to attract the strongest investor demand. The auction comes after June's heavily oversubscribed sale, where investors...