Earlier this month, the National Pension Commission (PenCom) introduced a revised regulation on pension asset investments. This update allows Pension Fund Administrators (PFAs) to increase their equity allocations across four RSA fund categories. While the changes may seem technical, they carry significant implications for Nigeria’s capital market. At its core, the revision gives PFAs more…
The Federal Government is working to secure up to $5.7 billion in potential China investment. To strengthen key sectors of Nigeria’s economy, including power generation, mining, and industrial manufacturing. Although, This initiative follows a meeting in Abuja between the Honourable Minister of Finance. And Coordinating Minister of the Economy, Wale Edun, and a delegation from…
Ojaja Pan Africa Limited, a leading Pan-African conglomerate with diverse operations across multiple sectors in Nigeria. Has successfully redeemed its ₦2.15 billion Series 1 and ₦6.91 billion Series 2 Commercial Paper (CP) issuances. These matured on November 21, 2025, and February 20, 2026, respectively. This CP issuance marked the debut tranche of the company’s ₦10…
Bitcoin experienced a sharp decline during early Asian trading on Monday, as renewed uncertainty over U.S. tariff policies unsettled global markets. This selloff also impacted other major cryptocurrencies and broader risk assets. According to Bloomberg, Bitcoin, the world’s largest cryptocurrency, fell by as much as 4.8%, hitting approximately $64,300—its lowest level since February 6. Ether,…
The Lagos State Government has introduced a 5% withholding tax (WHT) on gaming payouts. All licensed betting companies in the state now required to automatically deduct this tax from customers’ winnings, effective immediately. Key Announcement The Chief Executive Officer of the Lagos State Lotteries and Gaming Authority (LSLGA), Mr. Are Bashir, issued a public notice…
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…
