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Deap Capital Battles Insolvency with Just Three Employees, Seeks SEC Nod for ₦1.68bn Debt-to-Equity Deal

Deap Capital Management & Trust Plc is walking a financial tightrope. In its unaudited results for the year ended September 30, 2025, the firm revealed it is being operated...
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Deap Capital Battles Insolvency with Just Three Employees, Seeks SEC Nod for ₦1.68bn Debt-to-Equity Deal

Bala Augie -
Deap Capital Management & Trust Plc is walking a financial tightrope. In its unaudited results for the year ended...
Exclusive

Access Bank’s N245bn Bidvest Takeover Fails on Poor Credit Profile as South Africa Ambitions Unravel

Bala Augie -
The South African financial landscape shifted today as Bidvest Group officially terminated the R2.8 billion (₦245 billion) sale of...
Energy

Dangote Refinery Clarifies: No Importation of Finished PMS into Nigeria

Bala Augie -
Dangote Petroleum Refinery has issued a firm clarification in response to recent publications attributed to S&P Global, stating that...
Companies

How Nigeria Returnee Dilemma Got Solved in Minutes by UBA

Bala Augie -
After a few years abroad, I returned to Nigeria and faced a dilemma. Let me tell you all about...
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JPMorgan Eyes Nigeria for New Frontier Local Currency Bond Index

Bala Augie -
JPMorgan Chase & Co. is finalizing plans for a new benchmark index dedicated to frontier market local-currency bonds, a...
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Naira Resilience: Dollar Fund Allocation Plunges as Investors Chase 22% Local Yields

Bala Augie -
The landscape of non-pension asset management in Nigeria is undergoing a dramatic shift in 2026 and most notably, the...
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Nigeria’s Daily FX Turnover Triples to $300m as Reserves Hit 8-Year High

Nigeria's daily foreign exchange (FX) market turnover has spiked to over $300 million, a 150% increase from the $120...
Economy

IMF Projects Dangote Refinery to Add 1.5% to Nigeria’s Non-Oil GDP in 2026

Bala Augie -
The International Monetary Fund (IMF) has identified the Dangote Petroleum Refinery as a primary driver of Nigeria's economic diversification,...
Economy

Nigeria Tax Chief Oyedele Warns of March 31 Deadline Amid Widespread Non-Compliance

Bala Augie -
Taiwo Oyedele, Chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms, has issued a final call to...
Economy

Saudi Arabia and Nigeria Sign First-Ever Workers Recruitment Pact

Bala Augie -
Saudi Arabia and Nigeria have signed their first workers’ recruitment agreement, further opening the Saudi labor market to skilled...
Economy

Nigeria Dollar Reserves Hit 8-Year High of $45.9bn Signals New Era of Exchange Rate Stability

Bala Augie -
Nigeria’s gross foreign exchange (FX) reserves have surged to $45.9 billion, marking their highest level since August 2018. This milestone,...
Economy

Dangote Gasoline Surge to 200,000 b/d Ends Nigeria’s European Fuel Reliance

Bala Augie -
Nigeria’s Dangote refinery supplied 32 million liters/day to the Nigerian market, equivalent to 200,000 barrels per day (b/d) and...

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