News
CBN overhauls forex rulebook untouched since 2018
Nigeria’s foreign exchange market just received its biggest regulatory shake-up in nearly a decade, and banks sit squarely in the crosshairs.
Contributor
Damilola Esebame
Damilola Esebame is an NFEC Certified Financial Education Instructor℠ (CFEI®) and professional finance journalist whose work has appeared in leading outlets such as Investing.com and FinanceFeeds. Since 2018, he has authored articles and insights that simplify complex financial topics, ranging from credit and budgeting to crypto, macroeconomics, and global markets, for audiences around the world.
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Articles by Damilola Esebame
News
NGX slips again as ₦290bn vanishes in June’s fourth loss
Something unusual happened on the Nigerian Exchange on June 4, 2026, a session that deepened the market’s losing streak to four straight trading days.
News
Dangote Cement slides below ₦1,100, shaking investors
Dangote Cement opened trading on June 3, 2026, at ₦1,180 per share and never recovered from the selling pressure that followed.
News
NGX ETFs split as Meristem pair rockets 10% in a day
On June 1, 2026, the Nigerian Exchange’s ETF board told two very different stories at the same time.
News
Tin Can port rakes in ₦401bn in just one quarter
A single customs command at one Lagos seaport just pulled in more revenue in three months than many federal agencies collect in a full year.
News
Cardoso holds firm on 26.5% rate as fuel costs surge
For eleven straight months, Nigeria’s inflation rate had been falling, rewarding one of the most aggressive monetary tightening campaigns on the continent.
News
S&P lifts Nigeria’s rating after 14 long years of waiting
For 14 years Nigeria sat in the same corner of the global credit map, slipping further into territory investors call speculative.
News
FG braces investors for N600bn bond auction next week
Nigeria’s federal government is returning to the domestic debt market with a fresh bond offering that carries notable signals for fixed-income investors. The Debt Management Office published its May 2026 offer circular on May 12, outlining plans to raise N600 billion through two reopened instruments. The auction is scheduled for May 18 with settlement on […]
News
Nestlé and NB surge to profit as FX storm fades
For nearly two years, Nestlé Nigeria Plc and Nigerian Breweries Plc bled cash at a pace that spooked even seasoned Lagos investors. Foreign exchange chaos wiped hundreds of billions of naira off their bottom lines and forced both to suspend dividends. That picture has flipped with startling speed, and the numbers landing on the Nigerian […]
News
Dangote eyes $50bn valuation in bold refinery listing
Africa’s biggest single industrial bet is heading for its biggest financial test, and the price tag attached to it has nearly doubled. Less than a year ago, the Dangote Petroleum Refinery and Petrochemicals FZE was valued in the $20 billion to $25 billion range by most analysts. The figure now being pitched to global investors […]
News
Airtel Africa revenue storms past $6 billion mark
Africa’s biggest telecom story of 2026 just landed, and the numbers behind it suggest something deeper than a strong year. The London and Lagos-listed group reported full-year results that crossed thresholds investors had penciled in for a later financial year. Behind the headline number sits a structural shift in how 183.5 million people across 14 […]
News
NGX shatters all-time high as investors pocket ₦3.2trn
Something unusual happened on the Nigerian Exchange on May 8, 2026, and it has market watchers divided. The benchmark All-Share Index climbed 2.10% to a fresh all-time high of 244,775.83 points in a single session. That move alone added ₦3.2 trillion to investor portfolios before the closing bell sounded at 4:00 PM local time. Here […]
News
FirstHoldCo proposes plan to hit ₦1tn capital mark
Nigeria’s banking recapitalization exercise wrapped up in March 2026 with 33 institutions collectively raising ₦4.65 trillion in fresh equity. FirstHoldCo Plc, the holding company that controls First Bank of Nigeria, already cleared that regulatory hurdle months earlier. But a filing dated May 6, 2026, shows the Femi Otedola-chaired group is not slowing down after meeting […]
News
Access Holdings faces fresh hurdle to H1 2026 dividend
If you hold Access Holdings shares for the income they typically deliver, the first half of 2026 could test your patience once more. The financial group just printed its most profitable year ever, crossing the N1 trillion mark in pre-tax earnings for the first time. Ordinarily, shareholders would be preparing to collect a generous payout […]
News
Dangote denies asking 4 billionaires for refinery help
A viral online post has been circulating for days, claiming that Africa’s richest man secretly turned to four fellow billionaires for cash. The post sparked the kind of social-media frenzy you would expect when a story implicates the upper tier of African business. The story names some of Nigeria’s most recognizable business titans, attaches eye-popping […]
Investing
Why Profitability Matters More Than Growth in European Fintech Funding Today
European fintech funding has undergone a fundamental transformation. The era of growth at any cost has ended, replaced by investor demands for clear paths to profitability and sustainable business models.
Blog
Why Fintechs Scale Faster Than Banks, But Struggle to Defend Margins at Maturity
Fintechs achieve remarkable growth velocity in their early years, but sustaining fintech margins at maturity requires fundamentally different capabilities than those driving initial scale.
Blog
Open Banking Didn’t Kill Banks, Poor Pricing Governance Did
Despite widespread predictions that open banking would disintermediate traditional financial institutions, banks that failed did so because of poor pricing governance, not regulatory mandates forcing data sharing.
Blog
The Payments Stack Is Fragmenting, and Pricing Strategy Is the Only Real Differentiator Left
As the payments stack fragments across multiple vendors and platforms, a robust payments pricing strategy has become the only sustainable way to differentiate in an increasingly commoditized market.
Blog
How Personal Injury Settlements Are Taxed: What Accident Victims Need to Know Before Filing
Understanding personal injury settlement taxes is essential for accident victims, as the IRS treats different types of compensation differently; some portions may be tax-free, while others could increase your tax bill.