Tinubu Signs Executive Order on Virtual Assets
President Bola Ahmed Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, introducing a unified framework to strengthen the regulation of virtual assets, combat financial crimes and promote responsible innovation in Nigeria. The order, which takes immediate effect, seeks to improve coordination among key financial, revenue and capital market regulators without creating […]
Nigerian Stock Market Begins T+1 Settlement Cycle
Nigeria’s capital market has officially commenced its T+1 settlement cycle, introducing a faster transaction settlement system aimed at improving market efficiency. The new settlement structure took effect on Monday, June 1, 2026, following an earlier announcement by the Securities and Exchange Commission (SEC) in May. Under the T+1 system, stock transactions completed on a trading […]
Fidelity Bank Strengthens Capital, Prepares for Major Expansion
Fidelity Bank Plc has completed a successful recapitalisation exercise, positioning itself for significant growth and expansion in Nigeria’s banking sector. The bank’s recapitalisation, launched in March 2024, has been described as one of the most successful and least disruptive in the history of Nigeria’s banking industry, reflecting strong investor confidence. Fidelity Bank combined a public […]
