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Iyinoluwa Aboyeji Resigns from Learn Africa Board

Learn Africa Plc has announced the resignation of Iyinoluwa Aboyeji from its Board of Directors, effective September 7, 2026. Aboyeji...

Learn Africa Plc has announced the resignation of Iyinoluwa Aboyeji from its Board of Directors, effective September 7, 2026. Aboyeji served as a Non-Executive Director for six years, having joined the board in 2020 to support the publisher’s digital transformation initiatives. The company acknowledged his contributions to its growth within the educational technology space but did not provide a specific reason for his departure.

Nigerian Stocks Dip as Large-Cap Losses Outweigh Gains

The Nigerian Exchange Limited (NGX) experienced a marginal decline on Wednesday as losses in key large and medium-cap stocks outweighed...

The Nigerian Exchange Limited (NGX) experienced a marginal decline on Wednesday as losses in key large and medium-cap stocks outweighed broader market gains. The All-Share Index dropped by 0.03% to 246,019.17 points, reducing total market capitalisation by N41 billion to N158.915 trillion. Despite the index dip, market breadth remained positive with 33 stocks advancing against 29 decliners. Trading activity saw a significant contraction, with volume falling by 34.47% to 426.840 million shares valued at N28.438 billion. Top decliners included NASCON Allied Industries and Beta Glass, while Tripple Gee & Company and Oando led the gainers. Analysts maintain a positive outlook, citing sustained investor confidence following recent FTSE Russell reclassification updates.

Four NGX Companies Announce Dividend Qualification Dates for September and October

Four companies listed on the Nigerian Exchange have announced dividend qualification dates for September and October 2026. PZ Cussons Nigeria...

Four companies listed on the Nigerian Exchange have announced dividend qualification dates for September and October 2026. PZ Cussons Nigeria Plc leads the group with a final dividend of N2.50 per share, following a significant 348.71% increase in profit after tax for the financial year ended May 2026. Other companies with upcoming qualification dates include Learn Africa Plc (N0.35), Red Star Express Plc (N0.45), and Academy Press Plc (N0.10). Shareholders must be on the register by the respective qualification dates to be eligible for these payouts.

Eight NGX-Listed Companies Set for September Dividend Payouts

Eight companies listed on the Nigerian Exchange are scheduled to pay dividends to shareholders throughout September 2026. MTN Nigeria leads...

Eight companies listed on the Nigerian Exchange are scheduled to pay dividends to shareholders throughout September 2026. MTN Nigeria leads the list by payout value, offering an interim dividend of N26.00 per share, following a strong performance in the first half of the year. Other companies set to distribute cash include Ikeja Hotel, Custodian Investment, Honeywell Flour Mills, Red Star Express, University Press, Learn Africa, and Academy Press. Additionally, the UPDC Real Estate Investment Trust will distribute funds to unit holders during the month. These payments follow the qualification dates established by the respective companies.

CBN to Maintain Strict Oversight Post-Recapitalisation

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking...

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking sector despite the successful conclusion of the recent recapitalisation exercise.

Speaking at the BusinessDay 14th Annual CEO Forum, Cardoso noted that while the industry raised between N4 trillion and N5 trillion in fresh capital to build resilience against economic shocks, continuous oversight remains essential. He emphasized that the stronger capital base is intended to support eventual increased lending to the private sector once inflation and interest rates moderate. Cardoso also warned banks against indiscriminate lending, urging them to prioritize sophisticated risk management and proper analysis, especially when navigating complex sectors like oil and gas. The CBN plans to collaborate with financial institutions to enhance their internal risk assessment capabilities.

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