Business

NGX Weekly Report: Market Slips 0.12% as Investors Rebalance Portfolios

April 19, (THEWILL) — The Nigerian equities market closed the week on a strong bullish trajectory, with investors sustaining aggressive buying activity across banking and industrial stocks. A total turnover of 3.588 billion shares worth ₦195.313 billion was traded this...

NDIC Finalising Liquidation of 89 Defunct Microfinance, Mortgage Banks

April 19, (THEWILL) — The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase of winding down 89 defunct Microfinance Banks (MFBs) and one Primary Mortgage Bank (PMB), following their successful resolution under the Purchase and Assumption (P&A)...

CSCS Deepens Market Efficiency with New Investor-Centric Service

Ask ZiVA 728x90 Ads
April 19, (THEWILL) — In line with commitment to driving innovation and supporting a more efficient and transparent capital market, the Central Securities Clearing System Plc (CSCS), has rolled out a range of new services aimed at improving investor...

Veritasi Homes & Properties Plc Lists N10bn Fixed Rate Bond on FMDQ Exchange

April 19, (THEWILL) — In furtherance of its commitment to deepening the Nigerian debt capital markets and supporting corporate access to long-term funding, FMDQ Securities Exchange Limited has approved the listing of Veritasi Homes & Properties PLC’s N10.00 billion...

UPDATED: CBN Launches Overnight Benchmark Rate To Boost Market Transparency

April 17, (THEWILL) — The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has introduced the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for Nigeria’s money market, a move to improve transparency,...

NGX Extends Rally As Market Cap Gains ₦3.39trn

April 17, (THEWILL) — The Nigerian equities market closed the week on a strong bullish note as sustained buying interest lifted key indicators higher during Friday’s trading session. Market capitalisation opened the session at ₦136.435 trillion and advanced to...

Nigeria’s Domestic Assets Surge Amid Liquidity Growth, External Pressures

April 17, (THEWILL) — Nigeria’s Net Domestic Assets (NDA) recorded a strong year-on-year increase, rising by about 21 percent to ₦94.74 trillion in February 2026 from ₦78.18 trillion in the same period of 2025, reflecting expanding liquidity within...

IMF/World Bank Meeting: Nigeria Targets $2.3trn To Bridge Infrastructure Gap

April 17, (THEWILL) — The Director-General of Nigeria’s Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, said that the country has intensified efforts to bridge its infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043. Ewalefoh said...

Dangote Blames Foreign Interests for Slowing Africa’s Industrial Growth

April 17, (THEWILL) — Aliko Dangote, President of the Dangote Group, has raised concerns that entrenched foreign interests are hindering Africa’s industrialisation and delaying its path to economic self-sufficiency. Speaking at the Investing in Africa Forum during the IMF/World Bank...

Flutterwave Leads Global Talks on Scaling Africa’s $1.5tn Digital Economy

April 17, (THEWILL) — Flutterwave has convened a high-level roundtable on Africa’s digital economy, bringing together global investors, policymakers, and development institutions on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C. Held in partnership with Invest Africa...