Royal Exchange Disowns REPRU After Licence Revoked
Royal Exchange Plc told the Nigerian Exchange it has no connection to Royal Exchange Prudential Life, whose licence NAICOM revoked...
September 15, 2026Topic
recapitalisation
Nigerian Exchange Listings Near US$2 Billion in 2026
Corporate listings on the Nigerian Exchange reached about N2.7 trillion in 2026. Banks and insurers are roughly a third of...
September 14, 2026
Nigeria’s Biggest Banks Cannot Publish Their Half-Year Accounts Yet
Nigeria bank results for the first half of 2026 have slipped to late September and October at GTCO, Zenith and...
August 21, 2026
Nigeria Shuts an Insurer That Could Not Raise Enough Capital
NAICOM revoked the Universal Insurance licence after the company missed Nigeria's new minimum capital requirement. A liquidator was appointed the...
August 20, 2026
Femi Otedola Tightens Grip On Nigeria’s Oldest Bank, First HoldCo
Femi Otedola has lifted his stake in First HoldCo, parent of First Bank of Nigeria, to 25.87 percent and says...
August 8, 2026
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
Nigeria's NAICOM recapitalisation has licensed 43 insurers that met capital floors of up to ₦35bn (about US$26m), leaving up to...
August 6, 2026
Banking stocks lift Nigerian market by N288 billion despite broad selloff
Nigerian banking stocks added N288.44 billion in market value in a single session, reversing prior-week losses even as most equities...
August 4, 2026