News
Stanbic IBTC ETF tumbles 10% despite 905% yearly gain
You do not often see a fund lose 10% and still carry a 905% year-to-date gain, but that is where the Stanbic IBTC ETF 30 landed on June 17, 2026.
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Omobolade Ajibade
Omobolade is a finance and crypto editor specializing in DeFi, FX, and market analysis. With a sharp editorial eye and deep understanding of financial systems, she refines complex drafts into clear, credible, and high-performing content. Her work spans crypto explainers, macroeconomic insights, and trading-focused stories, ensuring accuracy, clarity, and strong SEO alignment. At the intersection of finance, blockchain, and content strategy, Omobolade helps brands and publications produce insightful narratives that engage readers and build trust.
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Articles Edited by Omobolade Ajibade
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News
Transcorp Hotels soars past its 52-week high on NGX
Something shifted for Transcorp Hotels on the Nigerian Exchange this week, and the numbers suggest the move was anything but subtle.
News
MTN Nigeria CFO pours ₦218m into company shares
The person responsible for MTN Nigeria’s financial strategy just put ₦218 million of personal capital behind the company’s stock price trajectory.
News
Vitafoam tumbles 8% as consumer goods stocks slide
Vitafoam Nigeria opened June 15 at its 52-week high of ₦210 per share, a level first reached on June 10 after an 8.25% single-day rally on the Nigerian Exchange.
News
Ecobank trades ex-dividend as NGX stocks face rout
Ecobank Transnational Incorporated opened the trading week carrying an “X” marker on the Nigerian Exchange, confirming it was trading without its dividend for the first time since 2022.
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Nigeria’s prices climb again as inflation hits 15.93%
Grocery bills and fuel costs kept climbing for Nigerian households during May as the country’s annual inflation rate rose for a third consecutive month.
News
Julius Berger sheds 10% on thin volume across NGX
A 10% single-session decline in one of Nigeria’s most recognizable infrastructure stocks would normally trigger urgent conversations across the trading floor.
News
FAAC allocation surges 10% despite oil tax slump
The Federation Account Allocation Committee distributed ₦2.257 trillion for April, a jump of roughly ₦217 billion from the previous month.
News
CBN proposes sweeping ring-fencing plan for banks
If you bank with any of Nigeria’s major financial institutions, the company behind your account likely owns a fintech, an insurance arm, or a microfinance subsidiary.
News
Electricity sector VAT crashes 51% in Q1 2026
Nigeria collected a record ₦2.42 trillion in Value Added Tax during the first three months of 2026, a figure that paints a rosy picture of the country’s expanding tax base.
News
CBN moves to strip holdcos of power over bank lending
Investors holding shares in Nigerian banking groups have weathered a punishing regulatory cycle, and a fresh proposal from Abuja could trigger another costly rethink.
News
UK stakes £10m on Nigeria’s non-oil future
Nigeria has spent decades promising to reduce its dependence on oil revenue, and nearly every administration has pledged diversification.