Business

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.

Ten years after selling off towers to cut operating costs, MTN is buying back control of IHS Towers globally while selling a 30 percent stake in IHS Nigeria to local investors.

Between late 2024 and mid-2026, keeping money in a Nigerian bank account or sitting on the same stock portfolio stopped making financial sense.

The confirmation, contained in a market notice published on Thursday, August 27, formally clears the uncertainty that had surrounded Nigeria’s return to the Frontier Market universe after the transition was placed under further review in June.

The Nigeria Civil Aviation Authority (NCAA) has signed a Memorandum of Understanding with Firstway FZE and Global Software & Digital Solution (GSDS) to implement a Pre-Loading Advance Cargo Information (PLACI) system for air cargo in Nigeria.

The Nigerian Exchange Limited (NGX) closed higher on Thursday, reversing the previous session’s decline as the market’s benchmark index gained 0.20 percent.

The latest position is the highest recorded since January 12, 2009, when the country’s reserves stood at approximately $53.25 billion.