27 results for “Banking”
The CBN has granted JPMorgan approval-in-principle to set up JPMorgan Merchant Bank Nigeria Limited. It is not yet a licence, but it is a strong vote of confidence in Nigeria’s post-recapitalisation banking sector. Here is what it means for competition, for investors, and for the way big-ticket finance is done in Nigeria.
Zenith Bank grew H1 2026 profit before tax by 1.9% to ₦637.6bn, but the headline hides a weaker core. Gross earnings fell 24.6%, trading income swung to a loss, and profit after tax dropped 19.1% as the effective tax rate jumped to 32.4%. The Board still lifted the interim dividend 20% to ₦1.50 per share.
Open Market Operations (OMO) Bills are short-term securities issued by the Central Bank of Nigeria (CBN) to manage liquidity in the banking system and influence money supply. Although primarily a monetary policy tool, they have also become an attractive investment option for institutional investors and high-net-worth individuals (HNIs). Now, you too can access the OMO Bills market as a retail investor and explore its potential to grow your wealth
What is a banker's draft, and why do schools, sellers and institutions still ask for one? This guide explains how a banker's draft works, when to use it, how it compares with cheques and bank transfers, and how to spot a fake before you accept it.
Treasury bills remain one of the most widely patronised money market instruments, appealing to both institutional and retail investors seeking relatively low-risk, short-term investment opportunities. Others include commercial paper, bankers' acceptances, repurchase agreements (Repos), and…
Nigerians are putting more money into collective investment schemes (CIS), commonly known as mutual funds , than at almost any point in the market's history. With inflation eroding the value of idle cash and bank…
In most newspapers, you'll find a page displaying stock prices — showing figures like Open, Close, High, Low, Volume, and P/E for the individual stocks covered. These are stock price tables. Some contain more data…
The CBN just delivered the largest single rate cut in its history — 350 basis points, taking the MPR from 26.50% to 23.00%. Here's what's driving the pivot, what it means for borrowers, lenders and investors, and where 247market expects capital to flow next.
After eleven years on the outside, Nigeria has returned to a J.P. Morgan's bond benchmark. But not the one most headlines suggest. Here's what the GBI-EM Edge actually is, why Nigeria was dropped back in 2015, and what a 7.4% index weighting really means for the economy and for investors weighing frontier-market debt.
Nigerian equities closed a turbulent week lower, with the All-Share Index shedding 1.60% to 243,052.74 points as investors pulled cash from banking, insurance and industrial stocks to position for the record ₦2.15 trillion Dangote Refinery IPO. Despite a late-week rebound that clawed back part of the losses, market breadth stayed deeply negative — just 9 gainers against 80 decliners — even as Seplat Energy and NGX Group bucked the trend to lead the week's advancers.
OPay is reportedly targeting a $4 billion valuation for its U.S. IPO — and weighing a secondary listing on the NGX. Here's what's confirmed, what's still speculation, and whether the numbers actually justify the price tag.
Nigeria's return to Frontier Market status comes with a bigger list than the headlines suggest. FTSE Russell's September 2026 review adds 31 NGX-listed stocks across Large, Mid and Small Cap tiers — from GTCO and MTN Nigeria at the top, down to newly eligible names like NASCON and Vitafoam — ahead of the September 21 effective date.
President Tinubu has approved the channeling of Nigeria's approximately ₦242 billion in unclaimed dividends, together with eligible cash recoveries by the EFCC, towards funding NELFUND. The move revives a controversial policy first introduced under the…
Warren Buffett didn't get rich by chasing hot tips — he got rich by buying great companies for less than they're worth, then waiting. That same strategy, value investing, is quietly working for patient investors on the NGX right now. In this beginner's guide, we break down what value investing actually means, why Nigeria's market inefficiencies make it a smart approach here, and the exact steps to start spotting undervalued stocks — without needing an accounting degree.
Nigeria's GDP grew 4.43% year-on-year in Q2 2026, the fastest pace in the current series, as NBS data shows agriculture rebounding, oil output climbing to 1.72mbpd, and telecoms and financial services leading a broadening — if uneven — recovery.
Nigeria's return to the FTSE Russell Frontier Market Index takes effect on September 21, 2026 — reopening the door to funds locked out since 2023. From GTCO and Zenith Bank to Dangote Cement and Aradel Holdings, we break down the stocks best positioned to benefit and what the reclassification really means for market liquidity.
Before you buy shares on the NGX, check for these 7 red flags — from weak corporate governance to erratic dividends — that separate solid Nigerian stocks from value traps.
The NGX closed the week in positive territory, adding N1.293 trillion in investor value as bargain hunters moved into undervalued large-cap banking and energy stocks. 247Market breaks down what's driving the rebound, why it's more selective than broad-based, and what Nigeria's looming Frontier Market reclassification could mean for investor sentiment heading into September.
Discover the Top 10 Dividend-Paying Companies in Nigeria based on FY2025 performance. We analyse interim and final dividends paid by leading companies on the Nigerian Exchange, calculate their dividend yields, and examine their dividend history and consistency. From GTCO and Zenith Bank to Dangote Cement, BUA Foods, Presco and Okomu Oil, see the companies that demonstrated a strong commitment to rewarding shareholders and why they may interest investors seeking reliable dividend income.
The CBN has reopened the OMO market to individuals, corporates and non-bank financial institutions through deposit money banks, while restoring Tenored Repo Operations and easing Discount Window restrictions for banks. This 247Market explainer examines what the reforms mean for Nigeria's money market, monetary-policy transmission, banks and retail investors—and how individuals can potentially use OMO Bills as part of a diversified short-term investment strategy.
Nigeria’s inflation is easing, the naira is more stable, interest rates are falling, and economic growth is improving. Yet many households and businesses continue to struggle with high living costs. This apparent contradiction is explained by one crucial distinction: disinflation is not deflation. Prices are still rising, only more slowly. This article explores why macroeconomic recovery has not yet translated into everyday financial relief and provides practical strategies for individuals, households, small businesses and investors to protect purchasing power, manage risk and position themselves for opportunities in Nigeria’s evolving economic environment.
Fundamental analysis helps investors look beyond daily share-price movements and understand the business behind a stock. This practical guide explains how to assess a company's business model, industry, financial statements, earnings, cash flow, competitive advantages, management, risks and valuation. Learn the essential questions to ask before buying a stock and how to determine whether you are investing in a fundamentally strong business at a sensible price.
Nigeria’s stock market fell 1.1% during the week ended August 14, as profit-taking weighed on major sectors and pushed the NGX All-Share Index to 242,619.2 points. Despite the pullback, the index remains up 55.9% year-to-date. Trading activity strengthened significantly, while the naira gained against the dollar and external reserves rose to $52.3 billion. This weekly market review examines NGX performance, sector movements, top gainers and losers, money-market conditions, fixed-income trends, oil prices and the key factors likely to shape the market in the coming week.
A practical, start-to-finish roadmap for Nigerians at home and in the diaspora as well as foreign investors who want real exposure to Africa's most dynamic equity market.
From Fear of Missing Out (FOMO) to ignoring diversification, here are the most common investing mistakes beginner investors make, even some with experience — and practical, actionable ways to avoid every one of them.
If you're scanning the globe for the next frontier-market growth story, Nigeria deserves to be at the top of your list — not because it's an easy market, but because it's a large, young, and increasin
If you've typed "how to invest in mutual funds in Nigeria," "best mutual funds Nigeria," or "how do mutual funds work" into a search bar, this guide is built to answer all of it in one place.