Fcmb n500bn recapitalisation
FCMB Group Plc has completed its N500 billion capital raise for its banking subsidiary, achieving a significant milestone in its recapitalisation efforts.
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FCMB Group Plc has completed its N500 billion capital raise for its banking subsidiary, achieving a significant milestone in its recapitalisation efforts.
Fuel prices in Nigeria have surged significantly, with petrol now reaching N1,400 per litre. This increase is attributed to global oil price fluctuations.
Crude oil prices experienced dramatic changes today, reflecting the impact of geopolitical tensions in the Middle East. Brent crude and WTI prices surged before falling back.
Today's oil prices have experienced notable volatility, driven by escalating tensions in the Middle East. Brent crude briefly surged to $119.50 per barrel.
Nigeria is experiencing a fuel price hike as the NNPCL increases prices for the second time in less than 24 hours, impacting consumers nationwide.
Nigeria is experiencing a fuel price hike as NNPCL raises prices for the second time in less than 24 hours, impacting consumers nationwide.
The Central Bank of Nigeria's recapitalisation programme has seen 30 banks meet new capital requirements, enhancing the stability of the financial system.
The Central Bank of Nigeria's recapitalisation programme has seen 30 banks meet new capital requirements by March 2026, aiming to strengthen the banking sector.
As of March 6, 2026, the average 30-year mortgage rate has risen to 6.00%, impacting home affordability and market dynamics.
The Nigerian naira has experienced a notable decline against the US dollar, marking its second consecutive week of depreciation.