The Federal High Court in Abuja on Monday dismissed the suit filed by Air Peace Limited seeking to restrain the Federal Competition and Consumer Protection Commission (FCCPC) from issuing summons over numerous alleged complaints from passengers nationwide regarding unrefunded ticket fares, canceled flights, among others. Justice James Omotosho dismissed the suit for “lacking merit,” faulting the airline […] READ MORE

The Nigerian Exchange Limited (NGX) has announced the extension of its daily trading hours to 4:00 p.m., marking a major shift aimed at improving liquidity and investor participation in the Nigerian capital market. The change was disclosed in an emailed statement released by the exchange late Friday, April 17, 2026. The adjustment, which takes effect from Monday, April […] READ MORE

The Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency, deepening the money market, and strengthening monetary policy effectiveness. The apex bank announced the development in collaboration with the Financial Markets Dealers Association, describing it as a key reform to align Nigeria’s […] READ MORE

President Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of N68.32 trillion for the fiscal year. The President also assented to a separate bill extending the implementation period of the capital component of the 2025 budget from March 31, 2026, to June 30, 2026, according to a State House […] READ MORE

The National Industrial Court, Abuja, on Wednesday extended the tenure of the re-elected President of the Association of Senior Civil Servants of Nigeria (ASCSN), Comrade Innocent Bola-Audu, till June 15, 2029. Justice Dame Rakiya Bosede Haastrup extended his tenure in the court’s judgment, while also awarding N70 million in damages in his favour. The court further ordered the Accountant-General of […] READ MORE

Nigeria’s headline inflation rate increased to 15.38% in March 2026, up from 15.06 per cent recorded in February. This is according to the latest data released by the National Bureau of Statistics. The figures indicate a renewed uptick in price pressures, with both month-on-month and annual indicators pointing to rising costs across the economy. The […] READ MORE

Ecobank Transnational Incorporated Plc has reported a pretax profit of N1.21 trillion for the year ended 31 December 2025, according to its audited results published on the Nigerian Exchange. This performance reflects a 23.60% year-on-year growth from N986.6 billion in 2024, supported by strong expansion across both interest and non-interest income streams. On the interest side, interest income of […] READ MORE

The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance Policyholders’ Protection Fund (IPPF), marking a major regulatory shift aimed at safeguarding policyholders against insurer insolvency.  READ MORE

FTSE Russell has announced the reclassification of Nigeria from “Unclassified” to “Frontier market status,” ending a more than two-year hiatus that saw the country excluded from its indices. The announcement was made by FTSE Russell via a communication to the Nigerian Exchange and seen by Nairametrics. The move signals renewed investor confidence and is expected […] READ MORE

The Central Bank of Nigeria (CBN) has confirmed that 33 banks have met the revised minimum capital requirements under its recently concluded recapitalisation programme, marking a major milestone in efforts to strengthen the country’s financial system. The apex bank disclosed that a total of N4.65 trillion was raised over the 24-month exercise, with capital adequacy […] READ MORE