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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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RMAFC completes review of Nigeria’s revenue allocation formula

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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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Tag: FUGAZ

Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday rally

The Nigerian equities market closed the trading week on a bullish note on Friday, August 7, 2026, adding about N237.8 billion to market capitalisation as gains in the FUGAZ banking stocks outweighed losses across several other sectors. The benchmark NGX All-Share Index rose 0.15 per cent to close at 245,573.60 points, up from 245,209.34 points […]

Business

Airtel, FUGAZ banks drive NGX recovery rally

The Nigerian equities market sustained its recovery for a second consecutive session on Tuesday, June 23, 2026, gaining N1.64 trillion in market capitalisation as renewed buying interest in blue-chip stocks and insurance counters lifted the benchmark index. Trading data from the Nigerian Exchange showed that the All-Share Index advanced by 1.06 per cent to close […]

Banking

FUGAZ banks record ₦399.2bn profit from UK operations in 2025

Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access, GTCO, Zenith, and UBA) posted approximately N399.2 billion combined pre-tax profit from those UK operations for the year ended 31 December 2025. Nairametrics reported that this is according to the full-year 2025 audited financial statements of Nigeria’s tier-one banks, collectively […]

Banking featured

FUGAZ banks report ₦2.365trn bad loans in 2025

Five listed Nigerian Tier-1 banks, also known as FUGAZ have released their full-year audited 2025 results for the period ended December 2025, reporting a combined impairment charges on loans to customers of N2.365 trillion compared to N1.44 trillion booked in 2024, according to Nairametrics. This represents a 64 per cent YoY growth and marks the […]

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