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Wednesday, August 5, 2026
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Markets

Lilypond Customs Records $792.5m Export Value in Second Quarter

The Lilypond Export Command (LEXC) of the Nigeria Customs Service (NCS) says it recorded export value of 792.56 million dollars in the second quarter...

Dangote Cement Repatriates $270 Million From Pan-African Operations Over Two Years

Dangote Cement Plc successfully repatriated approximately $270 million in hard currency from its Pan-African operations over the 2024–2025 financial period, providing a strategic foreign-exchange...

Yuan Strengthens to 6.7889 Against Dollar

The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 28 pips to 6.7889 against the dollar on Wednesday. This is according...

Dangote Cement Generates Over 90% of Operating Profit From Nigeria Market as Africa Lags

Dangote Cement Plc recorded a muted 2.0% year-on-year increase in net profit for the second quarter of 2026, as rising selling and distribution expenses...

Nigerian Banks Remain Strong and Secure as Global Cyber Campaign Sweeps Across Sectors and Continents

Nigerian banks have moved swiftly to contain the effects of a sophisticated global cyber campaign sweeping across sectors and continents, with industry sources assuring...

NAICOM Presents New Licence Certificates to Recapitalised Coys

The National Insurance Commission (NAICOM) has presented new licence certificates to insurance companies that successfully met the Commission’s new minimum capital requirements. The Commissioner for...

AVA Capital Highlights Market Integrity Challenges

AVA Capital Plc has identified integrity concerns and inadequate capital market literacy as major obstacles hindering the growth of Nigeria’s financial and capital market. The...

Caverton Negative Retained Earnings Validates Recurring Losses

Caverton Offshore Support Group Plc is no longer profitable as the company’s recurring losses has tipped it into the technical insolvency region. This underperformance is...

CBN Declares Stable Forex Market, Says $52.5bn Reserves Show Economy is Improving

The Central Bank of Nigeria (CBN) says the recent stability in the foreign exchange market, rising external reserves, easing inflation show, are its ongoing...

Nasarawa Asset Management Authority Bill Scales Second Reading at State Assembly

The Nasarawa State House of Assembly has passed into second  reading ‘A Bill for a Law to Provide for the Establishment of Nasarawa State...

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