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NGX experiences N648bn slump as previous gains vanish
The Nigerian stock market dropped on Wednesday, with investors shedding N648 billion in value, offsetting the gains observed in the previous session.
Globus Bank Secures First Credit Ratings from Fitch
Globus Bank has achieved its inaugural credit ratings from Fitch Ratings, earning a 'B-' Long-Term IDR with a stable outlook, reflecting its strong financial performance and successful recapitalization efforts.
US Dollar to Nigerian Naira Exchange Update: July 30, 2026
On July 30, 2026, the US Dollar traded at approximately 1,358.63 Naira in the official market, while the parallel market rate settled near 1,400.00 Naira, reflecting ongoing stability in Nigeria's forex sector.
CBN Mandates N19 Billion in Customer Refunds as Banking Complaints Grow by 11 Percent
Bank customer complaints rose by 11 percent in 2025, leading the Central Bank of Nigeria to order N19.12 billion in refunds and issue N1.69 billion in penalties to financial institutions.
Nigeria’s SEC launches digital registration system for capital market operators
The Securities and Exchange Commission has launched a fully digital registration portal to modernize market operations and improve regulatory speed for existing capital market operators in Nigeria.
Nigerian Naira exchange rates against the US Dollar: July 29, 2026
The Nigerian Naira maintained steady trading levels against the US Dollar on July 29, 2026, supported by Central Bank of Nigeria liquidity initiatives.
National Assembly supports SEC’s push for financial stability
The National Assembly has endorsed the Securities and Exchange Commission's strategies to improve fiscal sustainability, while the regulator pushes to exceed its 2026 revenue targets.
Bank of Industry Prioritizes Local Funding for Nigeria’s Growth
Dr. Olasupo Olusi and other financial leaders argue that Nigeria must utilize domestic capital to fund essential sectors amid shrinking global financing options.
Federal Government borrowing and elevated interest rates fuel growth in pension fund investments
Pension fund investments in Nigerian government debt securities grew significantly in May 2026, driven by rising yields and the government's increased borrowing requirements.
Currency Exchange Update: Naira and Dollar Rates for July 28, 2026
A look at the naira's performance against the dollar on July 28, 2026, highlighting the narrowed gap between official market rates and the parallel sector.