Dangote Cement rewards shareholders with N753.8bn dividend, pays N45 per share
By Mather Godwin Dangote Cement Plc has announced a 50 per cent increase in dividend payout to shareholders, raising the dividend from N30 per share to N45 per share, which translates to a total payout of approximately N753.8 billion, reaffirming the company’s position as one of the most rewarding investments on the Nigerian Exchange (NGX). The […]
SEC begins T+2 settlement cycle in capital market on Friday
Peter Egwuatu Barring unforeseen circumstance, the Securities and Exchange Commission (SEC) will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, in a move designed to align with global best practices and enhance market efficiency. The commission disclosed this in a statement, noting that the transition from the current T+3 […]
FIRS warns against politicising Nigeria’s tax collection system
By Babajide Komolafe The Federal Inland Revenue Service (FIRS) has refuted recent allegations concerning the appointment of Xpress Payments as part of the national revenue collection system, describing the claims as inaccurate and capable of politicising a strictly administrative process. In a statement, signed by Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the Executive Chairman […]
Investors lose N2.1 trn as sell pressures, weak demand deflate stocks
By Peter Egwuatu Investors lose N2.1 trn as sell pressures, weak demand deflate stocks By Peter Egwuatu The Nigerian equities market continued its bearish stretch last week, reflecting sell pressures and weak demands, which resulted in investors losing N2.1 trillion in five trading days. Specifically, the Nigerian Exchange Limited, NGX market capitalisation, which reflects total value of […]
Incessant system failures hampering port operations — Customs agents
By Godwin Oritse THE Association of Nigerian Licensed Customs Agents, ANLCA, is lamenting that the newly commissioned B’odogwu unified digital customs management system initiated and operated by the Nigeria Customs Service, NCS, is suffering frequent down-time. They claimed that the platform has caused more financial losses due to delays in processing cargo clearance at the ports. […]
CBN touts reform gains, seeks stronger fiscal–monetary alignment
By Emeka Anaeto, Business Editor; Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) says its ongoing reform measures are restoring stability to the economy, but stressed the need for deeper coordination between fiscal and monetary authorities to sustain the gains. Speaking at the 2025 Seminar for Finance Correspondents and Business Editors in Abuja, CBN Deputy […]
Lagos raises N244.82bn in oversubscribed green, conventional bonds
By Peter Egwuatu Lagos State has successfully raised N244.82 billion through the issuance of green and conventional bonds, with proceeds earmarked for major infrastructure projects across the state. Speaking at the Ministry of Finance/DMO bond signing ceremony in Lagos, Governor Babajide Sanwo-Olu thanked investors for their strong confidence in the state, noting that the issuance is […]
Fintech platform cautions customers to be wary of fraudsters antics
By Bashir Bello A Financial Technology Platform, PalmPay Limited, has cautioned its customers across the country to be wary of antics of scammers and fraudsters The bank’s Managing Director, Chika Nwosu, made the call during a road walk in Kano organized to sensitize the public to protect themselves from fraudulent tactics. Nwosu said the campaign became […]
CBN alerts public, says Zuldal Microfinance Bank operating without licence
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has said it did not license Zudal Microfinance Bank Limited to operate or carry out any form of banking or microfinance business in Nigeria. CBN disclosed this today in a statement on its X handle titled: “ZULDAL Microfinance Bank is not licensed by the CBN.” CBN also […]
Nigeria’s Entrepreneurship Index rises to 0.47 index points — Report
By Providence Ayanfeoluwa The State of Entrepreneurship Index for Nigeria rose marginally to 0.47 index points in 2025 from 0.46 in 2024 according to The Fate Institute 2025 State of Entrepreneurship in Nigeria Report. The Institute noted that this marginal increase reflects a modest improvement in Nigeria’s entrepreneurial landscape since 2001 when it started measuring entrepreneurship development […]
Why power supply is still inadequate —LCCI, experts
By Udeme Akpan, The President, Lagos Chamber of Commerce and Industry, LCCI, Mr. Gabriel Idahosa, has identified inadequate infrastructure, transmission lines, weak distribution networks, and insufficient investment in off-grid systems as major problems affecting power supply in Nigeria. Speaking at the Lagos Chamber of Commerce and Industry Power Conference in Lagos, yesterday, Idahosa stated: “The reality […]
