By Seun Ibiyemi The naira posted a marginal appreciation against the United States dollar at the official foreign exchange market during the week ended May 29, 2026, supported by sustained market stability and improving investor confidence despite reduced trading activities due to the Eid-el-Kabir public holidays. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM)…
By Seun Ibiyemi Shareholders of First HoldCo Plc may receive dividends again at the end of the current financial year as the company projects improved earnings and stronger capital positions across its subsidiaries. The Group Managing Director and Chief Executive Officer of First HoldCo, Wale Oyedeji, gave the assurance during the company’s 14th Annual General…
By Seun Ibiyemi Investors on the Nigerian Exchange Limited (NGX) recorded a net gain of N505 billion in the week ended May 29, 2026, as the equities market staged a recovery from the bearish trend witnessed in the previous week despite a shortened trading period occasioned by the Eid-el-Kabir holidays. Market capitalisation rose by N505…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to deepening maritime cooperation and capacity development across Africa as part of efforts to unlock the continent’s vast Blue Economy potential. Director General of NIMASA, Dr. Dayo Mobereola, stated this during a meeting with the Honorary Consul of the Republic…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has credited the economic reforms of President Bola Tinubu’s administration with significantly improving Nigeria’s fiscal outlook and external reserves, saying the measures helped avert a deeper economic crisis and restore investor confidence. In its assessment of the administration’s first three years in office,…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency, Dayo Mobereola, has called on the Muslim ummah and Nigerians at large to imbibe the spirit of sacrifice, unity and patriotism as they celebrate this year’s Eid al-Adha. Mobereola made the call in his goodwill message to staff of the agency,…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has expressed cautious optimism over Nigeria’s economic performance in the first quarter of 2026, following the release of the latest Gross Domestic Product (GDP) report by the National Bureau of Statistics, which showed a year-on-year real GDP growth of 3.89 percent. In a…
By Seun Ibiyemi The Economic and Financial Crimes Commission (EFCC) has arraigned a man identified as Igoin Tokoni Peter before the Federal High Court in Abuja over alleged fraud and impersonation involving more than N25 million. Peter was arraigned before Justice Obiora Egwuatu on a four-count charge bordering on impersonation and obtaining money under false…
The African Development Bank (AfDB) has projected that Nigeria and other West African economies will maintain stable economic growth of 4.7 per cent in 2026. The projection is contained in the 2026 African Economic Outlook released by the AfDB on Tuesday during the bank’s ongoing Annual Meetings in Brazzaville. According to the report, the West…
By Seun Ibiyemi Abbey Mortgage Bank Plc has reaffirmed its commitment to sustainable growth, innovation and long-term value creation following the successful conclusion of its 34th Annual General Meeting (AGM). The AGM, held on May 25, 2026, brought together shareholders, board members, management, regulators and other stakeholders to review the bank’s performance, strategic direction and…
