An early morning fire on Sunday swept through a section of the popular Aforigwe Market in Anambra State, south-east Nigeria, destroying shops and goods estimated to be worth millions of naira. The fire broke out in the Umunnachi area of the market in Umudioka community, within Dunukofia Local Government Area. Mr Chukwudi Chiketa, Fire Chief…
The Central Bank of Nigeria (CBN) has issued final licences to 82 Bureau De Change (BDC) operators, formalising their approval to commence operations from 27 November. The development forms part of the regulator’s continued reforms aimed at tightening oversight of the foreign exchange sector. Announcing the decision on Monday, Mrs Hakama Sidi-Ali, Acting Director of…
The Nigerian Exchange Group (NGX) has highlighted its digital platform, NGX Invest, as a key innovation that aligns with the objectives of the Investment and Securities Act (ISA) 2025. Speaking at the CAMCAN 2025 Workshop, NGX Chairman Dr Umaru Kwairanga said NGX Invest had simplified public offers and rights issues, enabling millions of investors to…
The Nigerian Stock Exchange has witnessed extraordinary gains since President Bola Tinubu took office, with the All-Share Index nearly tripling in just over two years, according to the Tinubu Media Support Group (TMSG). In a statement issued on Wednesday, the group credited the surge to sweeping economic reforms aimed at restoring investor confidence. “The ASI…
The Nigerian stock market closed on a positive note Wednesday, adding N1.185 trillion to its value. Market capitalisation surged by 1.57 per cent to reach N76.761 trillion, up from N75.576 trillion recorded on Tuesday. Similarly, the All-Share Index (ASI) rose by 1,466.87 points, or 1.22 per cent, settling at 121,257.69 from its previous close of…
The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. Mr Sam Onukwue, Chairman of ASHON in a statement on Tuesday, said that the directive, issued June 13, was said to ensure compliance with regulatory forbearance and Single…
The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements in governance structures, new products and…
A group of bandits attacked the Dogon Ruwa community in Bashar district, Wase Local Government Area of Plateau State, abducting five residents from their local market on Monday . According to local sources, the bandits burgled shops and business centers, carting away huge quantities of food items and medicines during the attack. News gathered that…
The Securities and Exchange Commission (SEC) has begun the technology adoption assessment for registered capital market operators (CMOs). According to the SEC in a circular, on Wednesday, the exercise was to assess the adoption of advanced technologies among registered CMOs. The notice reads, “The following technology adoption survey is designed by the Commission to assess…
A midnight fire outbreak has destroyed more than 500 makeshift shops at the Terminus Market, Jos North Local Government Area of Plateau. Mrs Joyce Ramnap, the State’s Commissioner for Information and Communications, confirmed the incident to newsmen on Wednesday in Jos. Ramnap, who visited the scene, said that the incident occurred about midnight on Wednesday….
