Akinrinde Dorcas

Stock market gains N6.7trn in January

The Nigerian equities market started February on a reflective note as investors digested the strong gains recorded in January while positioning for the new month. The NGX All-Share Index (ASI) rose by 6.3% in January, closing at 165,370.50 points from 155,613.03 points at the end of December 2025, signaling broad-based growth in equity prices across …

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Naira breaks N1,400 barrier at N1,396.99/$1

The Nigerian naira has strengthened beyond the key ₦1,400 psychological threshold, closing at ₦1,396.99 per U.S. dollar on the official foreign exchange market. This marks a notable appreciation and signals renewed momentum for the local currency after months of sustained pressure. Market data from the Central Bank of Nigeria showed that the naira gained marginally …

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FCCPC Commences Enforcement Against Non-Compliant Digital Lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has begun phased enforcement of sanctions against digital money lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The compliance deadline for affected operators expired on Monday, January 5, 2026, marking the end …

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DMO launches January 2026 FGN Savings Bond offer with double-digit yields

The Debt Management Office (DMO) has commenced subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors access to government-backed securities with interest rates reaching 15.396% per annum. The offer, announced on Monday, forms part of the Federal Government’s ongoing domestic borrowing programme and reflects efforts to mobilise long-term funds from …

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NDIC to pay depositors of Aso Savings, Union Homes up to N2m

The Nigeria Deposit Insurance Corporation has announced the commencement of payment of insured deposits to customers of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria. Depositors of the affected mortgage banks will receive insured deposits of up to …

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CBN Revokes Licences of Aso Savings and Union Homes

The Central Bank of Nigeria has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. This regulatory action reinforces the apex bank’s commitment to financial system stability and stronger compliance within Nigeria’s mortgage banking subsector. The decision was taken under the powers granted to the CBN by …

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Nigerian Stock Market Extends Rally as Investors Gain Over N1.5 Trillion

The Nigerian stock market sustained its upward momentum last week, delivering significant gains to investors as total market value increased by over N1.5 trillion. The Nigerian Exchange Limited closed the week higher, deepening its recovery and reversing the weakness recorded in November 2025. The improved performance was driven by renewed buying interest across major blue …

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Nigeria’s DMO Returns to Market With ₦460 Billion Bond Offer, Reopening the 2030 and 2032 Benchmarks

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has released its December 2025 bond auction circular, offering fresh opportunities for institutional and private investors seeking secure, long-term sovereign instruments. The announcement marks another step in the government’s ongoing strategy to deepen the domestic debt market and provide credible, high-yield investment …

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FG, SEC, NGX Group forge unified direction on Capital Gains Tax reform

The Federal Government of Nigeria has inaugurated the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate shift toward a more predictable and market-aligned rollout of the newly enacted Capital Gains Tax provisions. This move follows extensive technical engagements with key capital-market institutions, including the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group …

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Central Bank of Nigeria Confirms 82 BDCs Fully Licensed Under Revised Guidelines

The Central Bank of Nigeria has announced the approval of final operating licences for eighty two Bureaux De Change following the completion of compliance checks under the 2024 Regulatory and Supervisory Guidelines for BDC Operations. This development represents a major step in the effort to strengthen transparency and establish a well regulated retail foreign exchange …

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