Business

The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu’s N409.09 billion senior unsecured bond as being in "credit default" early August.

The proposed measure could take effect as early as this week, subject to further consultations and possible intervention, according to sources familiar with the refinery’s position.

Dangote made the comments during an interview with The School of Hard Knocks, where he described wealth rankings as a distraction and pointed specifically to the value of his refinery.

FTSE Russell’s decision to return Nigeria to its Frontier Market framework on September 21 paves the way for foreign index-tracking capital to return to local equities. The Central Bank of Nigeria pulled over N4.7 trillion from commercial banks...

Nigeria recorded a record $947 million in remittance inflows through International Money Transfer Operators in July 2026. The figure leaves the country just $53 million short of the CBN’s $1 billion monthly remittance target. IMTO inflows reached $3.8...

Nigeria’s quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country’s ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products.

The Nigerian Exchange Limited (NGX) closed the week on a positive note on Friday, as renewed buying interest lifted the benchmark index and market capitalisation.

Investors overwhelmingly favoured Nigeria’s one-year Treasury Bill at the latest primary market auction, giving the Central Bank of Nigeria (CBN) room to lower the government’s borrowing rate despite exceptionally strong demand.

According to data from the National Pension Commission’s first-quarter 2026 pension industry report, 219,316 Personal Pension Plan RSAs had been registered as of March 2026.

NIBSS said the publication would provide a platform for regulators, financial institutions, fintech companies and other stakeholders to share insights on developments affecting the payments industry. The journal is available free of charge through the NIBSS website.