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Month: November 2025

AfDB Approves $500M Loan for Nigeria’s Energy Transition Programme

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The African Development Bank has approved a 500 million dollar loan for Nigeria in a move that strengthens the country’s ongoing economic reform efforts and supports its transition toward a more sustainable energy system. The approval reflects the strong confidence of the Bank in Nigeria’s current policy direction and reform commitments. According to the Bank, …

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Nigeria Records First Successful Transaction on National Payment Stack

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Nigeria has reached a significant milestone in its journey toward modernizing its financial infrastructure as the country successfully completed the first live transaction on the National Payment Stack (NPS). The transaction, which took place on Friday, November 7, 2025, at 11:56 a.m., was executed between PalmPay and Wema Bank under the coordination of the Nigeria …

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Naira and Stocks Dip as Market Reacts to Geopolitical Tension

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Nigeria’s financial markets opened the week on a cautious note as the naira and equities recorded mild losses, reflecting investor reactions to renewed geopolitical tension and profit-taking after a strong October rally. The All-Share Index (ASI) of the Nigerian Exchange (NGX) fell by 0.25% to close at 153,739.11 points, resulting in a market capitalization decline …

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NGX Group Declares N1.00 Interim Dividend, Reaffirms Commitment to Shareholder Value

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The Nigerian Exchange Group Plc (NGX Group or the Group) has announced the declaration of an interim dividend of N1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended 30 September 2025, at the meeting of its Board of Directors. According to a statement …

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