The Securities and Exchange Commission (SEC) has inaugurated a Capital Market Working Group on Market Liquidity, aiming to attract up to 20 million new investors into Nigeria’s capital market through technology-driven solutions. Emomotimi Agama, Director-General, who inaugurated the group in Abuja on Friday, said broadening investor participation is critical to improving liquidity, stability and long-term market resilience. Agama noted that despite significant growth in market capitalisation, active participation remains limited to a small segment of the population. Nigeria’s market capitalisation has risen from about N55 trillion in April 2024 to over N123.93 trillion, while its contribution to GDP has increased…
Author: Elvis Eromosele
President Bola Tinubu has established a new council to coordinate the regulation of Nigeria’s fast-growing virtual assets market, formalising oversight of cryptocurrencies, stablecoins and digital tokens. Under the new framework, the Central Bank of Nigeria (CBN) and the Nigeria Revenue Service (NRS) have been designated joint Virtual Asset Regulatory Authorities (VARA) for non-security virtual assets. The Securities and Exchange Commission (SEC) will retain oversight of digital assets classified as securities. According to the Presidency, Nigerians conducted an estimated $92.1 billion in formal virtual asset transactions between July 2024 and June 2025, excluding peer-to-peer and over-the-counter trades. Officials say the scale…
The Nigerian Institute of Public Relations (NIPR) has been named the winner of the Global Public Relations Association of the Year at the World Public Relations and Communication Awards 2025, organised by the Global Alliance for Public Relations and Communication Management. The announcement was made in Lisbon, Portugal Thursday February 19, 2026, following a highly competitive process that attracted 89 entries from 19 countries across the world. The award recognises NIPR’s outstanding leadership in professional regulation, reputation governance, ethical standards enforcement, strategic communication advocacy, and its reform-driven agenda repositioning public relations as a strategic driver of national development. Reacting to…
BetKing, Africa’s leading gaming and entertainment platform, is gearing up to celebrate its 8th anniversary, marking eight years of excellence, innovation, and impact. To commemorate this milestone, BetKing launched a nationwide campaign themed “Season of Plenty” designed to reward customer loyalty and engagement. The anniversary celebration kicked off on February 9, 2026, with the Virtuals weekly payout reloaded campaign. Customers who place a minimum stake of ₦500 qualify to receive 10 per cent of their net losses, up to a maximum of ₦10,000 per week, and may also win additional prizes. This campaign will run from February 9th to February…
The Federal Airports Authority of Nigeria (FAAN), in partnership with MTN Nigeria, has launched free high-speed WiFi services for passengers at Nigeria’s two busiest international airports. The service was officially unveiled on Thursday at the Murtala Muhammed International Airport (MMIA) Terminal 2, Lagos, and the Nnamdi Azikiwe International Airport, Abuja, marking what FAAN described as a major step forward in improving passenger experience and digital infrastructure. Mrs. Olubunmi Kuku, FAAN Managing Director, represented at the launch by Capt. Abdullahi Mahmood, Director of Airport Operations, said the initiative sets a new benchmark for Nigeria’s aviation ecosystem. She disclosed that the rollout…
The African Export-Import Bank (Afreximbank) has urged the Federal Government to leverage ongoing bank recapitalisation to close Africa’s estimated $80–$120 billion annual trade finance gap. Dr. Yemi Kale, Group Chief Economist and Managing Director of Research and Trade Intelligence at Afreximbank, made the recommendation at the Ecobank Customer Forum in Lagos. He highlighted that stronger bank balance sheets and deeper capital buffers are crucial to supporting exporters, SMEs, and domestic production under the African Continental Free Trade Area (AfCFTA) framework. “Nigeria is a very large economy. Not only do we have a big domestic market, but we also have a…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has trained more than 6,000 businesses nationwide under a new initiative aimed at improving access to finance for small enterprises. Charles Odii, Director General, disclosed this at the launch of the Inspire–Create–Start–Scale (ICSS) MSME financing scheme in Abuja. According to Odii, Nigeria has an estimated 40 million MSMEs, contributing nearly half of the country’s GDP and supporting millions of livelihoods. However, many struggle to secure bank loans due to: Perceived high lending risk Limited business structure Weak financial documentation Lack of reliable credit assessment frameworks The ICSS programme was designed…
Zoho Corporation has marked its 30th anniversary with two major milestones: surpassing 150 million users globally and reaching one million paying customers worldwide. The privately held technology firm also reported strong 2025 performance, recording 32 per cent year-on-year customer growth and 20 per cent revenue growth. Zoho Corporation, which comprises: Zoho (cloud business solutions) ManageEngine (IT management) Qntrl (business process management) TrainerCentral (e-learning platform) continues to broaden its international reach across North America, Europe, Asia, the Middle East, Africa, and Latin America. Recent additions to its customer base include: Rapid Response Monitoring and Synergy Home Care (United States) Mercedes-Benz India,…
The National Information Technology Development Agency (NITDA) has issued a nationwide advisory warning individuals and organisations about a high-severity zero-day vulnerability affecting Microsoft Office products. The agency said the flaw, tracked as CVE-2026-21509, is already being actively exploited, according to confirmation from Microsoft. According to NITDA, the zero-day flaw allows attackers to bypass Object Linking and Embedding (OLE) security protections designed to prevent malicious code execution in Office applications. The vulnerability: Has a CVSS score of 7.8 (high severity) Requires user interaction – specifically opening a specially crafted Office document Does not use the Preview Pane as an attack vector…
The Central Bank of Nigeria (CBN) has cautioned that the rapid growth of private digital payment platforms and stablecoins could threaten foreign exchange stability and intensify capital flow pressures in emerging economies. Olayemi Cardoso, CBN Governor issued the warning during a plenary address at the G-24 Technical Group Meetings held in Abuja on Thursday. He acknowledged that digital payments offer significant gains in financial inclusion and operational efficiency but warned that they also introduce structural vulnerabilities that require proactive regulatory oversight. Cardoso said the expansion of private digital platforms and stablecoins raises concerns including: Currency substitution and weakened monetary transmission…