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Fidelity Bank’s gross earnings hit N1.5trn
Fidelity Bank Plc has reported a 45 per cent increase in gross earnings for the 2025 financial year, just the bank’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection. Analysis from the…
FCMB Asset Management rebrands mutual funds after SEC approval
FCMB Asset Management Limited has received approval from the Securities and Exchange Commission to execute supplemental trust deeds covering the rebranding of its legacy mutual funds and a reduction in minimum subscription thresholds for selected investment products. The company, which…
Nigerian banks face $1.7bn Eurobond maturity wall stronger amid widening sector divergence
Nigeria’s banking sector is entering a key Eurobond maturity cycle with significantly improved foreign-currency liquidity conditions, stronger external reserves, and reduced near-term refinancing pressure. This is, however, as according to Fitch Ratings, the apparent stability masks persistent structural constraints…
Indigenous service providers project $7bn capital to raise Nigeria’s oil, gas output by 50%
Victor Nze Indigenous oil and gas service companies in the country, the Petroleum Technology Association of Nigeria (PETAN), has projected that the sector will need about $7 billion in capital expenditure on equipment over the next four years to help…
Bitcoin rush grows over alarming $39trn U.S debt crisis
United States government’s towering debt burden is once again rattling global financial markets, reviving fears about the long-term stability of the US dollar and fueling a fresh wave of speculation that bitcoin and gold could emerge as the biggest…
Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
NGX RegCo recovers N500m in restitution for shareholders
Independent regulatory arm of the Nigerian Exchange Group, the NGX Regulation Limited (NGX RegCo) says it has successfully facilitated recoveries exceeding N500m for shareholders following the resolution of various complaints involving market operators. The independent regulatory arm of the Nigerian…
Shareholders approve new name for Lafarge Africa
Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc. I According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual…
Lagos clears 14 firms to operate off-grid, metering electricity services
Lagos State Electricity Regulatory Commission (LASERC) has issued licenses and to a total of 14 companies to operate off-grid and embedded generation, independent distribution, metering, and interconnected mini-grid electricity services. According to LASERC, the licenses and permits which…
