Globally, sentiment was pressured by hawkish US data and tech-led equity sell-offs, even as signals from the World Economic Forum Summer Davos 2026 reinforced a shift toward execution-driven growth narratives, leaving markets anchored on elevated yields and cautious risk appetite…
The WEF’s expansion of the Global Lighthouse Network to 238 advanced manufacturing and supply-chain facilities demonstrates that AI has moved beyond experimentation. Leading firms are no longer testing AI; they are rebuilding operating systems around it. The significance lies in how AI is being deployed…
Legally, the deposit of funds establishes a unique contractual relationship between a financial institution and its customer. As established in the locus classicus case of Foley v Hill, this dynamic is strictly that of a debtor and a creditor. The bank assumes ownership of the funds and contracts to repay an equivalent sum upon the customer’s mandate, giving rise to an implied duty of confidentiality and strict adherence to withdrawal instructions…
The Group reported revenue of ₦728.5 billion in Q1 2026, compared with ₦199.9 billion in Q1 2025, representing significant year-on-year (YoY) expansion. This increase is consistent with a broadened operational footprint following consolidation activities and higher production-related activity across the value chain…
The Nigeria Revenue Service (NRS) has issued a transition guidelines to support the implementation of Nigeria’s new tax regime and provide clarity for taxpayers, investors, and revenue authorities as the country moves into one of its most significant fiscal reforms in decades…
Hosted for 3 days, from June 15-17, 2026 under France’s presidency, introduced what leaders repeatedly framed as a model of “convergence,” expanding discussions beyond the traditional G7 circle to include partner economies such as Brazil, India, Kenya, Egypt, and South Korea, alongside multilateral institutions and private sector actors…
The significance of this moment is not merely the content of the agreement, it is the fact that two strategically opposed nations, after prolonged confrontation and repeated diplomatic breakdowns, have moved toward a common negotiating ground and a framework for de-escalation…
Nigeria’s latest CBN indicators present a consistent picture of an economy balancing macroeconomic stabilisation against weakening real-sector activity. While the Composite Purchasing Managers Index (PMI) improved marginally to 49.6 in May 2026 from 49.4, it remained below the 50-point threshold for a second consecutive month, signalling continued contraction driven by weak services and industrial activity despite sustained agricultural expansion.
FGN bond yields increased, breaching above 17% into the mid-17% range, as activity remained concentrated at the short end, though demand for longer tenors stayed subdued, reinforcing cautious positioning despite selective interest. In contrast, Eurobonds traded largely range-bound with a mild bullish bias, as yields eased by about 1–7 basis points across the curve, led by the 2027 paper (-7bps) and marginal declines of 1–2bps in other maturities, reflecting steady investor demand and limited directional volatility across tenors.
In Nigeria, ESG adoption is increasingly shifting from policy discussion to practical implementation across both the financial and private sectors, as seen in recent coordinated efforts to strengthen sustainability capacity, access to green finance, and responsible banking practices…
NAFAD addresses a stark economic irony: while Africa faces an estimated $400 billion annual development financing gap, the continent simultaneously sits on roughly $6 trillion worth of natural resources and over $4 trillion in underutilized domestic savings and assets held across banks, pension funds, and sovereign wealth funds.
Liquidity Pulse: The OMO auction held on May 29, 2026, indicated a persistent liquidity overhang with offers being oversubscribed by 1.13x, 2.39x, and 8.63x for the 11-, 39-, and 102-day bills, respectively. The 11- and 103-day bill were sold with stop rates higher at 21.80%(+23bps) and 20.37%(+40bps).