United Capital Acquires 5% Stake in NGX Group to Deepen Capital Market Investment

Edem Godwin
Jun 17, 2026
0

United Capital Group has acquired a five per cent equity stake in Nigerian Exchange Group Plc (NGX Group), strengthening its position within Nigeria’s...

Nigeria’s Inflation Climbs to 15.93 Percent for Third Consecutive Month as Food and Core Prices Persist

Kenechukwu Okonkwo
Jun 16, 2026
0

Nigeria’s headline inflation rate rose to 15.93 percent in May 2026 from 15.69 percent in April, the National Bureau of Statistics reported, marking...

Manufacturers Tell Government a Plastics Ban Without a Recycling System Will Destroy Industry and Change Nothing

Kenechukwu Okonkwo
Jun 16, 2026
0

The Manufacturers Association of Nigeria has called for the suspension of the National Environmental Standards and Regulations Enforcement Agency’s planned ban on single-use...

CBN Launches Transaction-Based Benchmark Rate to Anchor Nigerian Financial Markets in Reality

Edem Godwin
Jun 16, 2026
0

Central Bank of Nigeria Governor Olayemi Cardoso has launched the Nigeria Overnight Financing Rate, a new transaction-based financial benchmark developed in collaboration with...

Nigeria Paying Half Its Tax Revenue in Debt Interest, IMF Warns While Clearing Country of Distress Risk

News Xposure
Jun 16, 2026
0

The International Monetary Fund has given Nigeria’s overall debt structure a clean bill of health while simultaneously delivering one of its most pointed...

NGX Eyes Middle East Investors as Dangote Refinery Prepares for Landmark Stock Market Debut

Edem Godwin
Jun 15, 2026
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Nigerian Exchange Group Chairman Dr. Umaru Kwairanga has disclosed that the exchange was in active preparation for the initial public offering of the...

Nigerian Firm Breaks Into Ethiopia’s Financial Market, Secures Banking License in Rwanda

News Xposure
Jun 15, 2026
0

United Capital Plc has secured investment banking licenses in Ethiopia and Rwanda, becoming the first foreign institution licensed to provide full-scale investment banking...

World Bank Cuts Sub-Saharan Africa Growth Forecast, Says Higher Energy Prices Could Benefit Nigeria

News Xposure
Jun 15, 2026
0

The World Bank has revised downward its growth forecast for Sub-Saharan Africa (SSA), projecting the region’s economy to expand by 4.0 per cent...

CBN Proposes New Rules to Ring-Fence Risks Across Banks, Fintechs and Financial Groups

Edem Godwin
Jun 15, 2026
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The Central Bank of Nigeria (CBN) has unveiled a draft regulatory framework aimed at strengthening oversight of banks, fintech companies and other closely...

Gas Ministry Calls for Investment Push to Unlock Nigeria’s 209 Trillion Cubic Feet Resource Base

Okon Akpan
Jun 13, 2026
0

Minister of State for Petroleum Resources responsible for Gas Ekperikpe Ekpo has appealed to investors to unlock Nigeria’s vast natural gas endowment for...

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