CBN orders Fin techs and banks to disclose their Owners, Store locally generated payments locally, tightens market domination control
Here’s 5 things you should know
It's July, Markets may start recovering till august. More optimism, people will feel smart. Do u own research, apply risk management, don't follow noise.
lastly, get ready for the bearish market in September and also stay ready for the bullish November and December seasons.
Nigeria’s proposed $5B debt swap is raising serious red flags globally.
Both Fitch Ratings and the IMF have issued stern warnings over Nigeria’s planned $5 billion Total Return Swap (TRS) with First Abu Dhabi Bank.
While the transaction aims to refinance expensive debt and inject hard currency liquidity into the economy, global financial institutions are urging extreme caution.
With ₦6.6 billion in local currency bonds on the line as collateral, is this a smart liquidity move or a hazardous gamble?
Watch the full breakdown.
If anyone has been asking you to pay money to get shares in the Dangote Refinery IPO please stop everything and read this now. 🇳🇬🚨
The Securities and Exchange Commission of Nigeria just issued a Cease and Desist Order today June 23, 2026.
Here is what it says in plain language.
No IPO or public offer for Dangote Petroleum Refinery has been filed with or approved by the SEC. None. Zero.
Anyone telling you to pre-fund an account, create an account or secure a guaranteed allocation for Dangote Refinery shares is engaged in market manipulation and is breaking the law.
The SEC has ordered all operators to stop immediately. Refund all funds collected within 24 hours. Remove all promotional materials.
If you sent money to anyone for Dangote Refinery shares based on flyers, social media posts or WhatsApp groups contact that operator right now and demand your refund.
If they refuse report them to the SEC at [email protected] or call 09167723240.
The legitimate private placement that closed June 10 was a dollar denominated institutional offering. Any naira collection happening now is not authorised.
Share this immediately. Someone you know may have paid already. 🇳🇬
Some MTN Nigeria employees just received free shares as part of their salary package.
MTN just filed a notice disclosing that 6 employees received vested shares under the company's Employee Share Ownership Plan and Performance Share Plan.
One employee received 99,122 units of MTNN shares. At today's price of around ₦830 that is roughly ₦82 million worth of shares received as part of compensation.
This is called a share vesting scheme. Some companies give employees shares as part of their pay package. The shares vest, meaning they unlock after you work there for a set number of years. You earn your salary and you also accumulate ownership in the company you work for.
This is how employees of big companies become shareholders without spending their own savings.
The important note at the bottom of this document says it clearly. The vesting of shares is not a purchase or sale. These employees did not buy these shares. They earned them by working there.
Your job can do more than pay your salary. It can make you a shareholder too. 🇳🇬
5. Fintechs will face stricter rule before engaging in international Money transfers. They must have the required license or partner with an organization that does.
CBN orders Fin techs and banks to disclose their Owners, Store locally generated payments locally, tightens market domination control
Here’s 5 things you should know