Emzor raises N26.7bn bond to boost local drug manufacturing
By Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […]
Naira appreciates to N1,380/$ in parallel market
This week, the naira weakened by N9.66 per dollar in the official market, with the number of deals in the Interbank foreign exchange market falling by 41.7 percent to 346 deals from 594 deals the previous week.
Brent crude falls below $100 on hopes of fresh Iran peace talks
Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an end to a war that has crippled energy shipments from the Gulf.
NNPC denies allegations of selling equipment from refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.
CBN warns of rising fraud targeting bank accounts
By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has alerted the public to a surge in fraudulent messages and cyberattack attempts targeting personal bank accounts. In a statement issued yesterday, the apex bank, through its Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, said the scams involve emails, messages, and online content falsely claiming to […]
Foreign inflows jump 78% on NGX amid rising outflows
By Peter Egwuatu The Nigerian Exchange Limited (NGX) recorded a significant shift in foreign investment activity in the first quarter of 2026, Q1’26, as foreign inflows surged by 78 per cent to N393.68 billion, up from N221.62 billion in the corresponding period of 2025. The increase signals renewed investor interest in the market. However, the rise […]
