Recapitalisation empowers insurers to protect manufacturing sector — Report
By Rosemary Iwunze Following the conclusion of the insurance industry recapitalisation exercise, the sector is now expected to protect Nigeria’s manufacturing sector against costly industrial risks. It is also expected to have significant implications for manufacturers whose operations are exposed to risks ranging from factory fires and machinery breakdowns to marine cargo losses, engineering failures […]
S&P raises Nigeria’s credit rating on stronger economy
Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’ from ‘B-’, citing improvements in macroeconomic stability, foreign exchange reforms and stronger oil sector performance.
Equities market loses N1.23trn as profit-taking persists
The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks.
Post-recapitalisation: CBN tightens grip on governance
With a combined N4.65 trillion injected into the system within two years, Nigerian banks have emerged from the exercise with significantly stronger capital buffers, improved resilience, and enhanced capacity to take on larger and more complex financial transactions.
CBN launches FX manual, grants extractive firms full proceeds access
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies in the extractive industry 100 percent unfettered access to their export proceeds.
FMDA forecasts 16.42% April inflation rate amid fuel, food prices surge
By Yinka Kolawole The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April 2026, reversing months of steady moderation as rising food prices, higher energy costs and worsening global commodity conditions continue to pressure domestic prices. According to the April 2026 Inflation Forecast report released […]
