Category: Banking & Finance

AVA Capital Plc, an integrated financial services firm covering investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange by introduction. The move is not a capital-raising exercise; no new shares are being issued. Roughly 20 per cent of the company’s shares already sit outside the controlling shareholder structure, […]

Banking system liquidity fell 18.4 per cent week-on-week to ₦3.78 trillion, down from ₦4.63 trillion, after a combination of Central Bank of Nigeria cash reserve ratio debits, a private open market operations auction and a Debt Management Office bond sale that allocated ₦929.32 billion drained cash from the system. Dealers expect roughly ₦2.56 trillion in […]

Central Securities Clearing System (CSCS) Plc has declared an interim dividend of N1 per ordinary share, the first time the financial market infrastructure provider has paid one, following results for the half-year ended 30 June 2026. Total operating income reached N18.51 billion, a 92 per cent increase. Operating profit rose 186 per cent to N10.11 […]

The Central Bank of Nigeria is widely expected to leave its Monetary Policy Rate unchanged at 26.50 per cent as the Monetary Policy Committee concludes a two-day meeting chaired by Governor Yemi Cardoso. The case for holding rests on a set of indicators pointing in the same direction. Headline inflation eased marginally to 15.91 per […]

FirstHoldCo Plc reported gross earnings of N1.93 trillion for the half-year ended 30 June 2026, up 16.7 per cent year on year, with profit before tax rising 83.5 per cent to N653.5 billion. The gap between those two growth rates is the story. Operating income grew 25.8 per cent to N1.38 trillion while the cost-to-income […]

Fintech operator OPay has set out a layered approach to fraud prevention, presented at a media parley on 16 July, built around applying friction selectively rather than uniformly. The model is risk-based: routine transfers pass through unimpeded, while transactions judged higher risk trigger facial verification. Several controls sit on top of that. Night Guard requires […]

The naira weakened at the official foreign exchange market last week, closing at N1,381.70 to the US dollar — even as Nigeria’s external buffers strengthened to multi-year highs. Foreign reserves climbed to $51.74 billion, the strongest level in years, giving the Central Bank of Nigeria considerably more firepower to smooth volatility in the FX market […]

S&P Dow Jones Indices has placed Nigeria on its 2027 Country Classification Watchlist for a potential upgrade from Standalone Market to Frontier Market status — a formal signal that the country’s capital market reforms are registering with one of the world’s leading index providers. In its assessment, S&P DJI noted that Nigeria’s regulatory environment has […]

The Central Bank of Nigeria ramped up its Open Market Operations dramatically in the first half of 2026, selling N18.79 trillion worth of OMO bills — a 313 per cent jump from the N8.79 trillion recorded over the same period in 2025. Repayments grew even faster. OMO maturities flowing back into the system reached N34.49 […]