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Finance
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SEC Initiates Nationwide Drive to Reclaim Forgotten Dividends and Estates
The SEC has started a national campaign to help Nigerians recover unclaimed dividends and inherited assets, aiming to reduce dormant holdings in the capital market.
Nigerian Equities Market Maintains Upward Trajectory Ahead of Earnings Season
The Nigerian stock market posted weekly gains as institutional buying in blue-chip stocks countered profit-taking, with investors preparing for the half-year earnings season.
Geregu Power faces scrutiny after missing N40 billion bond payment
Geregu Power, recently acquired by entities linked to Senator Yari, has defaulted on a N40 billion bond obligation amid a sharp decline in profitability.
August 10, 2026: Official and Parallel Market Naira Exchange Rates
The naira remained steady against the dollar on August 10, 2026, with the official rate at ₦1,362.55 and the parallel market rate around ₦1,425.
Six Major Nigerian Banks Distribute N1.27 Trillion in Dividends
Despite strong profits, only six Nigerian banks issued dividends in 2025, as the Central Bank of Nigeria enforced strict regulatory standards that prevented five other profitable lenders from making payouts.
Geregu Power faces investor unease following bond default and 88% profit drop
Geregu Power Plc has triggered investor alarm after missing bond repayments amid a significant downturn in earnings and revenue during the first half of 2026.
Naira Gains Value Against Dollar in Both Parallel and Official Markets
The naira strengthened in both the parallel and official exchange markets on Friday, as trading volume saw a significant spike.
Nigerian Naira sustains downward trend against US Dollar on August 7, 2026
The Nigerian Naira recorded a third straight day of losses against the US dollar in the official market on August 7, 2026, while remaining stable in the parallel market.
Naira Exchange Rate Performance: August 7, 2026
The naira held steady against the dollar on August 7, 2026, with the official rate at ₦1,368.22 and the parallel rate at ₦1,405, showing narrowing disparities due to ongoing reforms.
SEC Initiates Nationwide Campaign to Retrieve Unclaimed Dividends
The SEC has started a national campaign to help beneficiaries claim inherited assets and unclaimed dividends by providing education on probate and documentation processes.