investor confidence
Investors flock back: marketing sector records $26.39m boost
Nigeria’s marketing sector showing signs of resilience as new data reveals a total of $26.39 million in foreign inflows since 2023, signaling a cautious but notable return of investor confidence in the sector. Figures from the National Bureau of Statistics (NBS) show that the sector had attracted $22.13m in 2023, before experiencing a sharp decline […]
Naira records strongest gain against dollar as external reserves Hit $41.24b
The Nigerian Naira recorded its highest single-day gain against the U.S. dollar this week at the official foreign exchange market, bolstered by a steady increase in the country’s external reserves. Data from the Central Bank of Nigeria (CBN) revealed that the Naira appreciated to N1,535.47 per dollar on Thursday, up from N1,537.07 on Wednesday, representing […]
FG secures strong N136bn boost with medium-term bond allotment
The Federal Government of Nigeria (FGN) has successfully raised ₦136 billion through its latest bond auction, underscoring continued investor appetite for medium-term debt instruments despite high borrowing costs in the domestic market. According to the Debt Management Office (DMO), the auction, which took place on August 25, 2025, featured the issuance of a new five-year […]
IMF calls for bold transparency reforms to slash Govts borrowing costs
The International Monetary Fund (IMF) has issued a strong warning to governments across the world, stressing that failure to improve transparency in borrowing could drive up financing costs, weaken investor confidence, and increase the risk of debt crises. In a blog post released on Tuesday, the IMF’s Deputy General Counsel, Yan Liu, cautioned that hidden […]
SEC pushes for transparency to boost investor trust
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to accountability and transparency as vital instruments for fostering investor confidence and driving sustainable growth in Nigeria’s capital market. Dr. Emomotimi Agama, Director-General of the SEC, made this assertion while delivering a goodwill message at a high-profile stakeholder engagement focused on internal control over financial […]
Market cap slides to N88.8tn on selloffs
The Nigerian Exchange Limited (NGX) closed in the red on Wednesday, as persistent sell pressure in heavyweight stocks shaved off N781bn from investors’ wealth, dragging total market capitalisation to N88.8tn, down from N89.6tn in the previous session. The All-Share Index (ASI) also retreated by 1,233.87 points or 0.87 per cent to settle at 140,332.44 points, […]
NEPZA, NDLEA join forces to boost free zones management
The Nigeria Export Processing Zones Authority (NEPZA) and the National Drug Law Enforcement Agency (NDLEA) have pledged to strengthen their collaboration in managing activities within the nation’s Free Trade Zones (FTZs), aligning with the Federal Government’s one-stop-shop policy framework aimed at streamlining regulatory processes and boosting investor confidence. The agreement followed a phone discussion between […]
Institutional credibility vital to NERC’s regulatory role
The credibility and independence of Nigeria’s regulatory institutions have again come under scrutiny following the controversy surrounding the appointment of Engineer Abdullahi Ramat as the Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC). The Utilities Consumers Rights Advocacy Initiative of Nigeria (UCRAI) has strongly faulted Ramat’s assumption of office on August 8, 2025, describing […]
NAICOM Sets Up Committee to Drive Insurance Industry Recapitalisation
The National Insurance Commission (NAICOM) has taken a major step toward strengthening Nigeria’s insurance sector with the inauguration of an 11-member committee to oversee the implementation of the industry’s recapitalisation programme. The move comes just a week after President Bola Ahmed Tinubu signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, setting a […]
FRC, LCCI Team Up to Save Struggling MSMEs
The Financial Reporting Council of Nigeria (FRC), in collaboration with the Lagos Chamber of Commerce and Industry (LCCI) and the Centre for Business Integrity (CBi), has launched a strategic partnership to address the high failure rate of Micro, Small and Medium Enterprises (MSMEs) in Nigeria. The initiative, unveiled during a public presentation of the Small […]