March 2026 – Page 70

Experts Flag Potential Interest Rate Hikes in Nigeria

25.03.2026

Economic analysts and policy experts are raising the alarm over a potential return to aggressive monetary tightening, suggesting that the recent marginal reprieve in interest rates may be short-lived. Following the inaugural Investors Roundtable 1.0 hosted by VNL Capital Asset Management in Lagos on Tuesday, stakeholders cautioned that escalating global geopolitical tensions are creating a...

NGX Marks Women’s Day with N260tn Market Ambition

25.03.2026

The Nigerian Exchange Limited was “painted purple” on Tuesday to commemorate International Women’s Day 2026. The event, headlined by a symbolic Closing Gong ceremony, centred on a bold strategic ambition: doubling the current market capitalisation from N130tn to N260tn by aggressively scaling female participation in the capital market. The ceremony, held under the global International...

Unilever Nigeria Profits Surge to a Landmark N32bn in 2025

25.03.2026

Unilever Nigeria reported a landmark financial performance for the year ended 31 December 2025. In a comprehensive audited report submitted to the Nigerian Exchange Group on Monday, the consumer goods giant revealed a turnover of N214bn, representing a 43 per cent rise from the N150 billion recorded in the previous year. This revenue growth was...

NGX lifts suspension on Zichis Agro-Allied shares

25.03.2026

NGX Regulation Limited has officially lifted the suspension on trading the shares of Zichis Agro-Allied Industries Plc, following a month-long investigation into the company’s market activities. The decision, communicated via a market bulletin on Monday, marks the return of the agro-allied firm to the daily official list of the Nigerian Exchange. The suspension, which was...

Maltina Marks Ramadan with Community Engagement Initiatives

25.03.2026

Maltina has marked the Ramadan season with a series of community-focused initiatives as part of activities to commemorate its 50th anniversary, deploying activations aimed at strengthening engagement and reinforcing its brand presence. Ramadan, observed by Muslims worldwide, is characterised by fasting, prayer, reflection, and acts of charity. The period also provides an opportunity for families...

Partnership to bolster integrity in Nigeria’s capital market

25.03.2026

The American Institute of CPAs and the Nigerian Capital Market Institute officially announced a strategic collaboration on Monday in Lagos to provide Nigerian Capital Market Operators with access to premier Internal Control and Enterprise Risk Management Certificate programmes. This initiative, driven by the educational arm of the Nigerian Securities and Exchange Commission, leverages the globally...

Business

Unity Bank debunks under-capitalisation claims

25.03.2026

Unity Bank has officially cleared the air regarding its regulatory standing, dismissing recent media reports that suggested the lender had failed to meet the Central Bank of Nigeria’s stringent new recapitalisation requirements. In a detailed clarification, the bank affirmed that it remains fully compliant and is on a clear trajectory to exceed the minimum capital...

NNPC Vows to Strengthen Nigeria’s Energy Security

25.03.2026

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Bayo Ojulari, has declared that Nigeria is entering a decisive phase in its energy evolution, one driven less by promises and more by execution, as the country positions itself as a prime destination for global energy capital. Ojulari made this known on Tuesday at...

Book Spotlights Financial Reporting Reforms in Nigeria

25.03.2026

A new book, titled ‘Building a Legacy of Trust: Dr Rabiu Olowo and the Reform of Financial Reporting in Nigeria’, has cast the Executive Secretary/Chief Executive of the Financial Reporting Council of Nigeria, Dr Rabiu Olowo, as a central figure in the country’s evolving accountability architecture, highlighting his role in strengthening transparency, institutional reform, and...

Nigeria & Finland Sign MoU on Digital Innovation Cooperation

25.03.2026

Nigeria and Finland have signed a Memorandum of Understanding on digitalisation and innovation to deepen bilateral cooperation in the digital sector. A statement issued on Tuesday by the Embassy of Finland in Nigeria, through its Press and Communications Officer, Maria Ruuskanen, said the agreement was signed in Abuja by Nigeria’s Minister of Communications, Innovation and...