Ellah Lakes Plc has announced it will refund investors after its N235 billion public offer failed to meet the minimum subscription threshold required for share allotment. The company shared this update in a statement published on Friday, February 20, 2026, on its website. It confirmed that no share issued under the offer and that all…
President Donald Trump has announced plans to increase a proposed global tariff on imports from 10% to 15%, escalating market concerns. He also criticized the Supreme Court for blocking his earlier tariff strategy. On Friday, Trump stated he would replace the invalidated tariffs with a 10% levy on all goods entering the U.S. However, by…
The Nigerian stock market delivered a breathtaking performance in the weekend 21 February 2026, with broad-based gains lifting major indices and spotlighting some of the best performing Nigerian stocks available today. Investors experienced sustained buying interest as equities across financials, industrials, consumer sectors, and niche small-caps outperformed, contributing to strong market breadth and renewed optimism…
The Federal Government has started payments for pending 2024 capital projects and set March 31, 2026. As the deadline to fully implement the capital components of the 2024 and 2025 budgets. This update shared by Sunday Dare, the Special Adviser on Media. And Public Communication to President Bola Tinubu, in a post on X (formerly…
The African Development Bank Group (AfDB) and the International Institute of Tropical Agriculture (IITA) have signed a $16.61 million grant agreement. To launch the third phase of the Technologies for African Agricultural Transformation Programme (TAAT-III). This initiative aims to expand climate-resilient food production across Africa. Although, The announcement was made in a statement published on…
The UK government considered introducing a law to remove Andrew Mountbatten-Windsor from the royal line of succession. This decision followed his recent arrest and ongoing police investigation into misconduct allegations. Government’s Position Luke Pollard, the Defence Minister, told the BBC that the move represented the right thing to do. He explained that it would prevent…
Nigeria’s total public debt stock rose to $103.94 billion, equivalent to N153.29 trillion, as of September 30, 2025, according to the latest data from the Debt Management Office (DMO). However, The DMO explained that the Central Bank of Nigeria’s official exchange rate of $1 to N1,474.85, as of the same date, was used to convert…
The Central Bank of Nigeria (CBN) absorbed over N3.57 trillion. Within three days as deposit money banks placed surplus funds in the Standing Deposit Facility (SDF). The SDF allows banks to store excess cash overnight at an interest rate of approximately 22.8%, according to FMDQ. An analysis of CBN’s financial data from Tuesday, February 17…
ARM Investment Managers Ltd has declared cash distributions for the second half of 2025 for the MoFI Real Estate Investment Fund (MREIF). Investors in Series I receive N3.75 per unit, while Series II investors set to earn N9.7192 per unit. The announcement made through a corporate actions notice filed with the Nigerian Exchange (NGX) on…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, warned that digital payment systems posed risks to monetary sovereignty during a speech in Abuja. He delivered the address at the 2026 technical group meeting of the Intergovernmental Group of Twenty-Four on Wednesday. Cardoso highlighted how rapid expansion of cross-border payments and stablecoins could expose emerging…
