Category : Search result: capital base


SEC Increases Capital Base for Market Operators

Nigeria's SEC has significantly raised the minimum capital for capital market operators, with issuing houses now requiring N7bn. The deadline for compliance is June 2027. Read more on the new policy.

Sokoto Debunks Claims Villagers Were Chased by Bandits

Sokoto State Government clarifies a viral video, stating Tidibale villagers were temporarily relocated as a precaution, not chased by bandits. A new Forward Operations Base approved for enhanced security.

Nigeria's Inflation Rises to 15.15% in December

Nigeria's headline inflation increased to 15.15% in December 2025, a reversal after eight months of decline. The NBS attributes the rise to a statistical 'base effect' from CPI rebasing.

NGX Lists 3.16 Billion New UBA Shares

The Nigerian Exchange has listed 3.16 billion new UBA shares from a rights issue, raising N158bn and pushing the bank's total capital above the CBN's N500bn requirement. Read more.

RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline

Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.

Ex-UN Envoy Rejects Death Penalty for Kidnappers

Former UN Human Rights Envoy, Prof. Uchenna Emelonye, urges Nigerian Senate to strengthen security institutions, not expand capital punishment laws, to effectively combat kidnapping and banditry.

Nigeria's Debt, Salaries Exceed Revenue in 2025

Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.

Oyo Assembly Passes N892bn 2026 Budget

Oyo State House of Assembly approves N892 billion 2026 budget, with capital expenditure exceeding recurrent spending. Infrastructure gets top priority. Read more.

FCDA Demolishes Abuja Estate Despite Court Order

Federal Capital Development Authority officials, with police, demolished structures in River Park Estate, Abuja, ignoring a court injunction. Read the full report on the escalating land dispute.

The Weeknd's $1B Music Deal Explained

The Weeknd's $1 billion catalogue deal with Lyric Capital is a strategic partnership, not a sale. He retains creative control and ownership, setting a new standard for artist equity in the music industry.

Oborevwori Signs Delta's N1.729tr 2026 Budget

Delta State Governor Sheriff Oborevwori has signed the N1.729 trillion 2026 budget into law, a 70% increase from 2025. The budget focuses on capital projects and is tagged 'Budget of Accelerating the MORE Agenda'. Read more.

OHMS Capital Pioneers Financial Innovation in Nigeria

Discover how OHMS Capital is transforming Nigeria's investment landscape with data-driven fintech, blockchain ventures like WePairYou, and major agribusiness focus. Learn their growth strategy and vision for Africa.

SUNU Assurance Secures N9bn Capital Raise Approval

SUNU Assurance shareholders approve N9 billion capital raising to meet new NIIRA 2025 requirements. The move aims to strengthen the firm's financial capacity before the July 2026 deadline.

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