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Global brokerage firm, EBC Financial Group has said that Nigeria’s foreign reserves currently at $51 billion remain vulnerable to volatile portfolio inflows and the country’s continued dependence, warning that it may not be sustainable. The post EBC: Nigeria’s $51 billion…
Read moreThe Securities and Exchange Commission (SEC) has directed all Capital Market Operators to submit their Q2 2026 Ownership Structure and Capital Flows Returns on or before Friday, July 10, 2026. The post SEC gives Market Operators two days to submit…
Read moreThe Economic and Financial Crimes Commission (EFCC) has arraigned the National President of Miyetti Allah Kautal Hore, Bello Abdullahi Bodejo, before the Federal High Court in Abuja over alleged money laundering involving $2.33 million. The post EFCC arraigns Miyetti Allah…
Read moreNigeria’s National Pension Commission (PenCom) is developing plans to establish a new investment vehicle that could channel resources from the country’s $22 billion pension industry into critical infrastructure projects, as the government seeks new sources of long-term financing for roads,…
Read moreAfrica’s aviation market continued to expand in July 2026, with total scheduled airline capacity rising 7.5% year on year to 26.3 million seats, according to OAG’s July 2026 Africa aviation market monthly update. The post Top 10 airlines in Africa…
Read moreNigeria’s capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for potential reclassification from a Standalone Market to a Frontier Market, citing improvements in the country’s regulatory environment…
Read moreThe Nigerian equities market delivered its most powerful single-session gain in weeks on Wednesday, July 8, 2026, as Airtel Africa’s 10% maximum daily advance to N5,801.40 anchored a broad-based rally that added N3.45 trillion to investors’ wealth. The post Airtel…
Read moreThe Nigerian Meteorological Agency (NiMet) has forecast widespread rainfall and thunderstorms across most parts of Nigeria on Thursday, warning that some areas could also experience localized flooding. The post NiMet forecasts rain, thunderstorms, flood risk across Nigeria on Thursday appeared…
Read moreThe Central Bank of Nigeria (CBN) allotted N1.06 trillion at its Wednesday, July 8, 2026 Treasury bills primary market auction, raising the stop rate on the one-year bill sharply to 17.70% compared with the June 17 auction stop rate of…
Read moreS&P Dow Jones Indices (S&P DJI) has placed Nigeria on its 2027 watchlist for a potential reclassification as a “Frontier” market, citing regulatory reforms aimed at improving transparency, market integrity, and accessibility. The post S&P places Nigeria on watchlist for…
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