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Finance
167 posts
PenCom Threatens Penalties Over Slow Pension Account Data Recapture
PenCom is planning to enforce sanctions on Pension Fund Administrators due to a sluggish response in the mandatory Retirement Savings Account data recapture initiative.
Three African Nations Eligible for UK Child Benefit Exceptions
Discover which three African nations—Morocco, Tunisia, and Mauritius—have specific exceptions that may allow their citizens to claim UK Child Benefit while under immigration control.
Federal Government Opens N1.1 Trillion Bond Auction for August
The Debt Management Office has announced the opening of N1.1 trillion in Federal Government bonds for subscription this August, featuring various tenors and interest rates.
Nigerian Exchange Investors Experience N2.93 Trillion Decline Over Two Days
Equities on the Nigerian Exchange Limited faced a sharp downturn, erasing N2.93 trillion in market value over two consecutive trading days.
Nigeria SEC Establishes T+1 Settlement Deadline for Capital Markets
The Nigerian SEC has mandated a 5:00 p.m. settlement deadline for eligible trades under its existing T+1 cycle, warning that non-compliant operators will face formal default procedures.
Central Bank of Nigeria lifts decade-long ban on local investor OMO participation
The Central Bank of Nigeria has ended its seven-year ban on local participation in Open Market Operations, granting individuals and corporations access to the market while simultaneously lifting various discount window restrictions.
AG Mortgage Bank Raises N3.97 Billion Through Fully Subscribed Commercial Paper
AG Mortgage Bank Plc has successfully raised N3.97 billion through a fully subscribed commercial paper issuance, aimed at boosting liquidity and expanding its mortgage financing reach.
SEC Mandates Asset Freezes for Entities Linked to ISIS
Nigeria's SEC has ordered capital market operators to freeze all assets and report any financial links related to an individual and three firms sanctioned for ISIS ties.
Naira Maintains Stability Against Dollar on August 13, 2026
The naira held steady on August 13, 2026, with the official rate at ₦1,367 per dollar and parallel market rates trading at a premium.
Naira strengthens against USD in official market for August 12, 2026
The Naira gained value in the official market on Wednesday, reaching N1,360.58 per dollar, while foreign reserves rose to $52.17 billion.