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Tight CBN Policy Stance to Weigh on Corporate Profit Margins

The Central Bank of Nigeria’s (CBN) inevitable decision to retain its monetary policy rate (MPR) at 26.5% is going to lift the borrowing costs...

Nigeria Beats Europe to T+1 Settlement Cycle, Giving Investors Faster Access to Funds and Securities

Nigeria's capital market officially transitioned to a T+1 settlement cycle, on June 01, 2026, meaning transactions will now complete within one business day after...

Honeywell Records Margin Expansion as Cash Flow Hits N92.98bn

Honeywell Flour Mill Plc was able to turn income into profit even amid cost of living crisis, driven by cost optimisation as well as...

Profitable Moniepoint Eyes Multi-Billion Dollar Valuation, Processes $22 Billion Monthly

Moniepoint Inc, a Nigerian fintech unicorn, is profitable and processes $22 billion in transactions monthly while commanding 80% of the country's point-of-sale (POS) transaction...

Fidelity Bank Books ₦18.1 Billion Loss Allowance on Personal & Employee Loans as Consumer Stress Mounts

In an unsettling disclosure from its first-quarter 2026 financial notes, Fidelity Bank Plc revealed a massive ₦18.132 billion impairment allowance against its personal and...

Nigeria Offers Big Tech AI Compute Power Via 200 Trillion CF Gas Reserves

The global artificial intelligence (AI) race has officially evolved into a high-density energy play, creating an unexpected structural alliance in Nigeria, West Africa. As hyperscale...

FirstHoldCo Secures Shareholder Approval for ₦1 Trillion Capital Base as Nigerian Banking Giant Scales for Enhanced Returns

First HoldCo Plc, the parent company of Nigeria’s oldest and one of its most systemically important financial institutions, FirstBank, has secured shareholder approval at...

Deep Book-Value Discounts Set Up ₦6 Trillion Rally Opportunity For UBA, Access

Nigerian banking stocks have a potential ₦6 trillion upside rally as the majority trade at deep discounts to shareholder equity, with Access Holdings and...

Dangote Refinery CEO Eyes Heavier Crude, Long-Term Offtake Deals Amid Ethiopian Airlines Pact

Under the executive guidance of newly appointed CEO David Bird—the former head of Oman’s Duqm refinery (OQ8) and a 17-year Shell veteran—the Dangote Petroleum...

NGX 30 Profits Hit ₦3.55 Trillion as MTN, Dangote Cement, Zenith, Airtel Lead

The NGX 30 index companies reported a 33.81% surge in first-quarter after-tax profit to ₦3.55 trillion ($2.58 billion), according to data compiled by MoneyCentral,...

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