Foreign investors have pulled out N420.37 billion from the Nigerian equities market in the first quarter of 2025. The amount, according to the latest data from the Nigerian Exchange, represent a 251 per cent increase in capital flight compared to the N119.81 billion recorded in the same period in 2024. The most dramatic shift occurred in March 2025, when total …

President Bola Tinubu has said that his administration would support businesses in the Financial Technology (Fintech) sector that provide payment infrastructure services for Nigerians and Africans. Agboola said that the company seeks to be listed on the Nigerian Exchange and solicited the President’s support. Receiving the leadership of Flutterwave and Alami Capital in Abuja on Saturday afternoon at the State …

Foreign investors are showing stronger appetite for Nigeria as inflows from foreign sources into the foreign exchange (forex) market rose to the highest level in more than five years. Latest report at the Nigerian Autonomous Foreign Exchange Market (NAFEM) yesterday indicated that monthly inflows to the forex market rose by 53.5 per cent to $4.74 billion in January 2025, from …

The domestic bourse, on Thursday, rebounded with N178 billion profit, following gains from Tier-one banks, as well as some large and medium capitalised stocks. Investors’ renewed interest in Guaranty Trust Holding Company (GTCO), FBN Holdings, Access Corporation, Nestle, Transnational Corporation and Oando Plc, among other advanced equities drove the market up. The market capitalisation, having opened at N55.576 trillion, added …

Investors in Fidelity Bank Plc have earned more than 507 per cent in capital gains over the past five years, ranking above all other major return benchmarks at the Nigerian stock market and the entire banking sector. Trading reports at the Nigerian stock market for the five-year period between May 31, 2019 and May 31, 2024 showed that Fidelity Bank …

Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices, according to the Nigerian Exchange (NGX). It said that Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and standards. …

Union Bank of Nigeria said it has notified all stakeholders about the final process of obtaining approval to delist its shares from the Nigerian Exchange Group (NGX). The bank said in a statement that, upon completion of the process, its shareholders would receive a scheme consideration of N7.70 per share. Last May, Union Bank had received an offer from its …