The exchange rate for international payments using naira debit cards improved to N1,542 per dollar on Monday, up from N1,545 the previous week, according to GTBank. Transactions settled via Naira Mastercard for international payments reflected this gain.
In the parallel market, the naira strengthened to N1,540 per dollar, a N5 improvement from the prior week’s rate. At the official window, the naira was quoted at N1,526 per dollar, reaching an intraday low of N1,522. Market checks by MarketForces Africa revealed that GTBank purchased dollars from customers at N1,530 per dollar last week, underscoring the naira’s improved performance across markets.
The Nigerian Stock Exchange (NGX) commenced the week and month on a downward trajectory, with the All-Share Index dropping by 0.41%, equivalent to 41 basis points, as investors cashed out profits across various sectors amid a bearish market mood.
The local stock market continued its negative trend from the previous Friday, driven by persistent sell-offs in prominent large and mid-cap stocks, including ETERNA, WAPCO, and ZENITHBANK. Trading data indicated a 0.41% decline in the NGX All-Share Index, shedding 573.31 points to close at 139,722.19. Market activity showed a mixed performance, with trading volume decreasing by 6.24%, while the total value of trades surged by 42.21%.
According to Atlass Portfolio Limited, approximately 407.98 million shares, valued at ₦14,776.75 million, were exchanged in 33,859 transactions. FCMB dominated trading volume, contributing 13.76% of the total shares traded, followed by ACCESSCORP (7.87%), FIDELITYBK (6.45%), NSLTECH (5.51%), and AIICO (4.37%). In terms of value, ARADEL led with 36.02% of the total trade value on the exchange.
SOVRENINS was the top gainer, rising by 10.00%, followed by SCOA (+9.83%), CORNERST (+7.98%), GUINEAINS (+7.75%), NSLTECH (+4.71%), UNIVINSURE (+4.17%), and nine other stocks. However, 32 stocks recorded losses, with VERITASKAP, ELLAHLAKES, and ETERNA experiencing the steepest declines at 10.00%. Other notable losers included TANTALIZER (-7.26%), OANDO (-6.25%), WAPCO (-5.38%), HONYFLOUR (-4.21%), and ZENITHBANK (-2.42%).
Market breadth was negative, with 15 stocks advancing and 32 declining. All five major sectors tracked by Atlass Portfolio Limited posted losses, with the Banking sector falling 1.12%, Industrial by 0.85%, Oil & Gas by 0.45%, Insurance by 0.05%, and Consumer Goods by 0.03%. The overall market capitalization dropped by ₦362.77 billion, a 0.41% decline, closing at ₦88.41 trillion.
The Nigerian naira appreciated by over N5 against the US dollar in the official foreign exchange market, bolstered by the Central Bank of Nigeria’s (CBN) recent liquidity interventions. According to CBN data, the naira was quoted at N1,526.0940 per dollar on Monday at the official window, up from N1,531.5703 the previous day.
Forex traders noted that the naira reached an intraday high of N1,531 due to limited demand for dollars from corporate clients. The supply side remained robust, driven by foreign portfolio inflows and CBN’s dollar sales to banks. Last week, the CBN injected $170 million into the market to stabilize the naira, countering a slight depreciation trend at the official window. Offshore investors also contributed to dollar inflows through open market operations.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira gained 0.23%, or N3.47, closing at N1,531.57 per dollar. The parallel market saw a stronger appreciation of 0.97%, with the naira settling at N1,540.00 per dollar. Total forex inflows into the NAFEM window reached $706.70 million, down from $751.70 million the previous week, according to Coronation Merchant Bank. Non-bank corporates led inflows with $250.00 million, followed by foreign portfolio investments ($198.30 million) and exporters ($145.10 million). The CBN contributed $88.50 million to the inflows.
Nigeria’s external reserves rose to $41.27 billion by the end of August, the highest since 2021. In global markets, Brent Crude climbed 1% to $68.15 per barrel amid concerns over supply disruptions due to Russia-Ukraine tensions, while a weaker dollar supported commodity prices. Gold hit a four-month high at $3,477.56 per ounce, and silver surpassed $40 for the first time since 2011.
Abundant liquidity in Nigeria’s banking system has maintained short-term benchmark interest rates, such as the open repo rate (OPR) and overnight rate, below 27%, with analysts predicting this trend will continue absent significant funding pressures.
Data from the FMDQ platform showed mixed rate movements after a slight dip in system liquidity, which closed at N1.397 trillion, down N4.66 billion from N1.402 trillion the previous week. The OPR dropped 7 basis points to 26.43%, and the overnight rate fell 6 basis points to 26.89%. Analysts expect rates to remain stable unless major funding demands arise.
Last week, liquidity was bolstered by FAAC disbursements of ₦1.1 trillion, FGN bond coupon payments of ₦113.62 billion, and OMO maturities, though tempered by TSA debits, net OMO settlements, and bond auction outflows. Despite the CBN’s liquidity management efforts through OMO auctions totaling over ₦1.19 trillion, system liquidity rose from ₦739.10 billion to ₦1.40 trillion by Friday.
Funding rates held steady at 26.5% throughout the week, with the OPR declining 2.40% to 26.50% and the overnight rate falling 2.20% to 26.95%. Analysts anticipate that ₦459.60 billion in OMO maturities will further boost liquidity this week, despite an upcoming Treasury bills auction. In the T-bills secondary market, yields rose by 23 basis points to 22.18%, driven by a 50-basis-point increase in Nigerian Treasury Bills yields to 18.88%, while OMO bill yields slightly declined by 3 basis points to 25.49%.
PalmPay, a leading neobank, has outlined key solutions to curb digital payment fraud in Nigeria. This was disclosed by the Managing Director, PalmPay, Chika Nwosu, in a press statement issued on August 27, 2025.
Nwosu stated that with the deployment of PalmPay’s model, it has proven that financial institutions can mitigate fraud through investment in real-time security tools like AI and biometrics while communicating transparently with users. He emphasized the importance of educating users through awareness initiatives, noting how PalmPay has consistently promoted campaigns that reinforce and complement the app’s security safeguards.
“Strong collaboration with regulators then ties it all together, ensuring compliance and reinforcing trust across Nigeria’s digital payments ecosystem,” he said.
He disclosed that through these approaches, the company has so far combated digital payment fraud and set industry standards for secure fintech operations in Nigeria. He noted that strong user security habits remain crucial to preventing fraud in digital payments.
While dissecting the challenges of fraud in the digital payment ecosystem, he stated that digital payment fraud in Nigeria has been on the rise, causing a major pain point for millions of Nigerians, who have now turned to mobile banking for reliable and fast transactions.
According to him, incidents such as unauthorized transfers and identity theft have sometimes resulted in accounts being frozen, limiting access to funds.
He, however, noted that some frozen or suspended accounts may not be tied to fraud, stressing that some of the accounts may have suffered the same fate as a result of factors such as suspicious or unusual transactions, unverified identity, or incomplete documentation, requests from regulators or law enforcement, and prolonged inactivity
Asked to speak on why a suspicious transfer gets flagged, the company clarifies that only the amount in question is frozen if the balance covers it, and the entire account is not automatically locked. According to the company, if the balance is insufficient, the account may be temporarily suspended while investigations are carried out.
He disclosed that the company has adopted a multi-layered approach to preventing fraud in the digital payment system, adding that these include Biometric Authentication and Phone-Binding, AI-Powered Anomaly Detection, and Two-Factor Authentication (2FA).
“With Biometric Authentication and Phone-Binding, it ensures only authorized users access their accounts, while AI-Powered Anomaly Detection opens an opportunity for real-time monitoring that detects unusual activity needed to prevent fraud before it affects users,” he said.
The leading fintech platform emphasized that its robust security features can prevent unauthorized access, but accounts can still be at risk if users share login credentials, OTPs, or personal details.
As Nigeria’s digital payments grow, so do concerns about fraud and frozen accounts. PalmPay is addressing this with stronger security and user education, including campaigns like Anti-Fraud Awareness Week that teach safe transaction practices. By combining technology, awareness, and compliance, PalmPay empowers users, reduces fraud risks, and reinforces trust in the fintech space.
If you suspect your account has been compromised, you can contact PalmPay’s Customer Service (0201888688) or the Fraud Desk (reportfraud@palmpay-inc.com) immediately.
The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1527.00 per $1 on Monday, Septewmber 1st , 2025. The naira traded as high as 1525.00 to the dollar at the investors and exporters (I&E) window on Sunday.
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1545 and sell at ₦1527 on Sunday 31st August, 2025, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate
₦1545
Selling Rate
₦1527
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Highest Rate
₦1534
Lowest Rate
₦1525
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
As the calendar flips to September 2025, a new month unfolds with opportunities, blessings, and fresh beginnings. Across Nigeria and beyond, it has become a cherished tradition to send Happy New Month September 2025 messages to family, friends, colleagues, clients, and loved ones. These greetings are not just words; they carry hope, motivation, and the spirit of togetherness.
Whether you’re looking to inspire a friend, strengthen business ties, share romantic wishes with your partner, or simply craft the perfect social media post, this collection of 250 Happy New Month September 2025 greetings is designed to help you spread joy and positivity.
Below, we’ve curated messages across seven categories, ensuring there’s something for everyone.
1. General Happy New Month September 2025 Messages (40)
These messages are versatile and can be shared with anyone—friends, neighbors, colleagues, or social media followers.
Welcome to September 2025! May this month bring you peace, joy, and countless blessings.
Happy New Month! September will be filled with laughter and victories for you.
As you step into September, may your days shine brighter than ever.
May this new month be the beginning of greater opportunities in your life.
September 2025 will be a month of breakthroughs for you and your family.
Cheers to a September filled with love, growth, and good news.
Happy New Month! May your September be as colorful as the sunrise.
May all your dreams align with reality this September.
Wishing you 30 days of endless blessings this new month.
September will mark the start of something beautiful in your life.
May the winds of September carry peace into your home.
Happy New Month! September 2025 will exceed your expectations.
Here’s to a September full of answered prayers.
May you experience joy unspeakable all through September.
Happy New Month—welcome to your season of abundance.
September is here; may it bring you closer to your dreams.
Wishing you peace in your heart and progress in your work this month.
September 2025 will be a chapter of greatness in your story.
Happy New Month! Success is yours this September.
May the new month bless you with fresh ideas and strength.
Here’s to 30 days of happiness and prosperity.
September will surprise you with good tidings.
Happy New Month! Your journey will be smooth this September.
May this September crown all your efforts with success.
Wishing you endless joy this new month.
May you enter September with hope and exit with testimony.
Happy New Month—stay positive, stay blessed.
September is here, and so is your season of victory.
May peace surround you all through this new month.
Wishing you sunshine and smiles in September 2025.
Happy New Month! September will be kind to you.
May you achieve milestones beyond your imagination this month.
September is here—walk into it with confidence.
Happy New Month! May your heart be filled with gratitude.
Wishing you a September filled with love and light.
May every day of September 2025 bring new reasons to celebrate.
Happy New Month! Let this September be your turning point.
Wishing you divine favor and open doors this new month.
May your September be free of worries and full of blessings.
Happy New Month—cheers to fresh opportunities!
2. Inspirational Happy New Month September 2025 Wishes (40)
Perfect for motivating friends, colleagues, and loved ones to embrace new challenges.
September 2025 is a blank page—write your success story on it.
Happy New Month! Keep pushing forward, greatness awaits.
This month, rise above your fears and soar higher.
September is for dreamers—make your vision a reality.
May your courage outshine your challenges this month.
Happy New Month—take bold steps and watch miracles unfold.
September will reward your persistence and hard work.
A new month means a fresh start—embrace it.
May this September be your season of unstoppable growth.
Happy New Month! Break barriers, chase excellence.
September 2025 is another chance to reinvent yourself.
Stay strong, stay inspired—September has great things for you.
May your energy match your ambitions this new month.
Happy New Month! Be fearless, be focused.
Let September remind you that your best is yet to come.
Keep faith alive—September will bring breakthroughs.
Happy New Month! Dream big and dare bigger.
September is proof that fresh beginnings are possible.
May your September be filled with opportunities you never imagined.
Success will follow your efforts this month.
Happy New Month—don’t stop believing in yourself.
This September, may you rise stronger after every challenge.
Take September as your stepping stone to greatness.
Happy New Month! Your efforts will pay off.
May your September be filled with determination and results.
Keep shining—your light will brighten this month.
Happy New Month! Progress is your portion.
September will turn your sacrifices into celebrations.
Stay positive, September has wonders for you.
Happy New Month! Nothing will limit your success.
September is the month to chase excellence, not perfection.
May your September reflect hard work and fulfillment.
Happy New Month! Keep moving, no matter the pace.
September will give you reasons to keep smiling.
Believe in yourself—this September is your month.
Happy New Month! Be unstoppable in pursuit of your goals.
September is a chance to restart stronger than ever.
Let gratitude fuel your September journey.
Happy New Month—make it count.
May your story this September inspire others.
3. Happy New Month Messages for Friends & Family (40)
Heartfelt greetings for loved ones closest to you.
Happy New Month, my friend! September will be your best yet.
To my family, may September bring peace and joy to our home.
Cheers to you, my bestie—September is your winning month.
Happy New Month to my siblings—let’s shine together.
May September 2025 bring love and laughter to your days.
Wishing my parents good health and happiness this new month.
Happy New Month, cousin! Stay blessed all through September.
To my dearest friend, may this month fulfill your desires.
Happy New Month, family—together, we’ll flourish.
September will strengthen our bonds with love and peace.
To my brother, keep pushing—September is your breakthrough.
Happy New Month, sister! You inspire me daily.
To my children, may September bless you with joy.
Wishing my loved ones endless favor this new month.
Happy New Month, my tribe—September is for us.
Family is everything—may ours keep thriving this month.
To my closest friend, September will be unforgettable.
Happy New Month, mom—you’re my inspiration.
To dad, may September crown your efforts with success.
Wishing my nephew and nieces laughter this month.
Happy New Month, bestie—our friendship is priceless.
To my aunties and uncles, blessings will follow you in September.
September is here—let’s make memories together, my friend.
Happy New Month, my cousin—you’ll achieve greatness.
To my grandparents, may you enjoy peace this September.
Wishing my family divine health this new month.
Happy New Month, dearest friend—keep soaring.
To my partner in crime, September will be sweet.
Happy New Month, sister-in-law—stay radiant.
Wishing my family joy that never fades this September.
Happy New Month, friend—thank you for being amazing.
To my loved ones, September will be filled with surprises.
Wishing you laughter and success, my dear brother.
Happy New Month, sister—shine like the star you are.
To my family, let’s keep supporting each other this September.
September 2025 will strengthen our bond of love.
Happy New Month, friend—you deserve all the best.
To my dear ones, this month will favor us greatly.
Wishing my family endless testimonies this September.
Happy New Month to the people who mean the most to me.
4. Romantic Happy New Month September 2025 Messages (30)
For spouses, partners, or someone special.
Happy New Month, my love—September is ours to cherish.
To the love of my life, may this new month deepen our bond.
Happy New Month, darling—you’re my greatest blessing.
September will bring us closer than ever.
Wishing you a month filled with my love and affection.
Happy New Month, sweetheart—you’re my forever joy.
To my partner, let’s conquer September together.
Every September day will remind me of my love for you.
Happy New Month, baby—you light up my world.
September will gift us endless romantic moments.
To my love, you’re the reason I look forward to each day.
Happy New Month, darling—forever starts with you.
May this September wrap us in love and passion.
To my sweetheart, September will be magical with you.
Happy New Month, love—you’re my heart’s treasure.
September is beautiful, just like you.
Happy New Month, my one and only—you complete me.
To my angel, may September bring you happiness and me closer to you.
Happy New Month, babe—cheers to us.
September will be sweeter with you by my side.
Happy New Month, darling—you’re my September blessing.
With you, every month feels new and exciting.
Happy New Month, love—you’re all I’ll ever need.
September is perfect because I get to spend it with you.
Happy New Month, darling—you’re my sunshine.
To my forever person, September is our season of love.
Happy New Month, baby—I fall for you every day.
This September, I promise to love you even more.
Happy New Month, sweetheart—you make life beautiful.
September 2025 will strengthen our love story.
5. Faith-Based Happy New Month September 2025 Messages (30)
Spiritually uplifting greetings rooted in hope and blessings.
May God crown your efforts with success this September.
Happy New Month—your prayers will be answered.
September will overflow with divine favor for you.
The Lord will guide your steps this new month.
Happy New Month! God’s mercy will follow you.
September is your month of miracles.
May heaven open doors of blessings for you this month.
Happy New Month—your testimony is near.
September will bring you closer to God’s promises.
Grace and peace will abound in your life this month.
Happy New Month! May your faith remain unshakable.
God’s blessings will overshadow you this September.
September will be filled with answered prayers.
Happy New Month—may your path shine brighter.
The Lord will be your refuge this new month.
September is your month of divine turnaround.
Happy New Month! Stay rooted in God’s love.
May your life radiate God’s glory this month.
September will mark your spiritual elevation.
Happy New Month—God’s light will guide your way.
May angels watch over you this September.
Happy New Month—grace upon grace is yours.
September will favor your family beyond measure.
Happy New Month—be strong in the Lord.
May your September be filled with God’s goodness.
Happy New Month! Miracles will locate you.
God’s love will fill your heart this September.
September will end with thanksgiving in your home.
Happy New Month—your season of joy has come.
The Lord’s blessings will multiply in your life this September.
6. Professional & Business Happy New Month Messages (30)
Ideal for colleagues, bosses, and clients.
Happy New Month! Wishing you growth in your career this September.
May your business prosper greatly this month.
September will open doors of opportunities for you.
Happy New Month—success will follow all your projects.
Wishing you excellent results in your work this September.
Happy New Month! May your team achieve new heights.
September is your month of career breakthroughs.
Happy New Month—new contracts are on the way.
Wishing your business expansion and progress this month.
September 2025 will reward your professional efforts.
Happy New Month! Stay productive and inspired.
May every meeting this September bring good results.
Happy New Month—your company will flourish.
September will reward your consistency at work.
Wishing you promotion and recognition this new month.
Happy New Month! Your finances will multiply.
September will strengthen your business connections.
Happy New Month—cheers to fresh opportunities.
May this month bring growth to your enterprise.
September 2025 will elevate your professional journey.
Happy New Month! Stay innovative and bold.
Wishing you fruitful partnerships this September.
Happy New Month—your hustle will pay off.
September will bring new deals and contracts your way.
Happy New Month! Keep pushing for excellence.
May your career be filled with remarkable achievements this month.
Happy New Month—success is yours at work.
Wishing you financial freedom this September.
Happy New Month! Stay focused and win big.
September will crown your business with prosperity.
7. Social Media Captions for Happy New Month September 2025 (40)
Short, catchy greetings perfect for Twitter, Instagram, or Facebook.
Hello September 2025—be good to me.
New month, new blessings. #HappyNewMonth
September vibes only—positivity and progress.
Fresh month, fresh energy. #HelloSeptember
September goals: peace, love, success.
New month, new wins—let’s go!
September 2025: Watch me shine.
Blessings loading this month. #HappyNewMonth
Dear September, surprise me with joy.
Good vibes only this new month.
Cheers to a September of success.
New month, same focus—greater results.
Hello September, let’s create magic.
September is here—time to win.
Positive vibes all September long.
Happy New Month—watch God work.
September: progress, peace, prosperity.
New month, fresh chapter. #HappyNewMonth
Hello September 2025—let’s thrive.
September blessings unlocked.
Happy New Month—September is mine.
New goals, new dreams—September is here.
September, I’m ready for you.
Hello September—favor follows me.
September 2025: Winning season.
Fresh month, fresh joy. #HappyNewMonth
Happy New Month—shine brighter this September.
September vibes = gratitude + growth.
Hello September—time to level up.
September 2025, let’s do this!
Happy New Month—new grace every day.
September is my month of greatness.
Hello September—cheers to blessings.
Positive energy only this September.
New month, new blessings to count.
September 2025 is full of possibilities.
Happy New Month—let’s make it epic.
September is here—embrace the journey.
Dear September, bring me good news.
Cheers to a September filled with joy.
Conclusion
September 2025 is more than just another month—it’s an opportunity to embrace new beginnings, chase dreams, and share joy with those who matter. Whether through inspirational notes, romantic wishes, or professional greetings, Happy New Month messages have the power to strengthen bonds and uplift spirits.
So, as you step into this beautiful September, pick a message (or many) from this collection of 250 Happy New Month September 2025 greetings and spread positivity everywhere you go.
The Nigerian Exchange Limited (NGX) has placed an indefinite suspension on trading activities involving three insurance companies—Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc—effective Monday, September 1, 2025.
According to the Exchange, the suspension became necessary after the companies failed to submit their audited financial statements for the year ended December 31, 2024, in line with Rule 3.1 of the Rules for Filing of Accounts and Treatment of Default Filing.
The regulation stipulates that if an issuer fails to meet the stipulated filing deadline and the cure period lapses, the NGX shall issue a deficiency notice, suspend trading in the securities, and notify both the Securities and Exchange Commission (SEC) and the investing public within 24 hours.
The Exchange emphasised that the suspension will remain in effect until the affected insurers file their outstanding results in full compliance with regulatory requirements.
The action underscores NGX’s renewed drive for market transparency and accountability, particularly in the insurance sector where compliance challenges have been recurring. Investors in the affected firms will be unable to buy or sell shares until the suspension is lifted.
Nigeria’s foreign reserves surged by $1.91 billion in August, closing the month at $41.27 billion as of August 29, according to figures released by the Central Bank of Nigeria (CBN).
The reserves, which opened the month at $39.36 billion, have now reached their highest level since 2021, buoyed by successive inflows despite uncertainties in the global commodities market. Analysts link the reserves growth to robust capital inflows and CBN’s recent FX strategies aimed at stabilising the naira.
On the commodities front, global oil prices retreated on Friday as concerns about weakening U.S. demand and an expected supply surge from OPEC+ weighed on the market. Nigeria’s Bonny Light crude dipped 2.53% to close at $69.44 per barrel.
Brent crude for October delivery slipped 0.73% to $68.12 per barrel, while the November contract ended at $67.45, down 0.78%. U.S. benchmark West Texas Intermediate (WTI) also fell by 0.91% to $64.01 per barrel.
Meanwhile, gold prices climbed nearly 1%, marking their best monthly gain since April. Spot gold rose 0.8% to $3,443.19 per ounce, while U.S. gold futures settled 1.2% higher at $3,516.1. The bullish sentiment was supported by expectations that the U.S. Federal Reserve could implement an interest rate cut next month following softer inflation data.
Investors are also monitoring geopolitical developments as India continues to expand its imports of discounted Russian crude despite U.S. pressure. Market watchers say India’s resistance to Washington’s demands could further shape global oil dynamics in September.
The Central Bank of Nigeria (CBN) intensified its intervention in the foreign exchange market in August, injecting a total of $586 million to cushion pressure on the naira and stabilize liquidity across the banking sector.
Last week alone, the apex bank carried out two separate interventions, selling $170 million to authorised dealer banks to meet rising dollar demand. The move followed signals that the official exchange rate was facing pressure amid surging requests from corporates seeking to settle foreign obligations.
The Nigerian Foreign Exchange Market (NFEM) witnessed heightened dollar demand, with the naira slipping beyond ₦1,538 per dollar during intraday trading. To mitigate volatility, the CBN released funds in two tranches while maintaining support through its monetary policy tools.
In parallel, the regulator intensified open market operations (OMO), offering attractive rates to lure foreign portfolio inflows. The auctions, which were oversubscribed, resulted in ₦1.19 trillion worth of OMO bills allotted to investors. Market analysts noted that the higher-than-usual rates on the instruments signalled CBN’s aggressive stance on boosting FX inflows.
Meanwhile, Nigeria’s gross external reserves rose to $41.27 billion at the end of August 2025, further strengthening the CBN’s firepower to defend the currency amid global headwinds.
Liverpool have reportedly finalized a deal to sign Swedish striker Alexander Isak from Newcastle United in a record-breaking transfer valued at £130 million, according to multiple British media outlets.
The move, which is said to be the highest transfer fee ever paid by a Premier League club, will see the 25-year-old forward join the reigning champions on a six-year contract, pending the completion of his medical scheduled for Monday.
Isak enjoyed an impressive 2023/24 Premier League campaign, scoring 23 goals — second only to Liverpool’s Mohamed Salah — and helping Newcastle secure qualification for the UEFA Champions League.
However, his summer has been dominated by a drawn-out transfer saga, marked by tensions and speculation. Reports indicate that Isak had been training separately from the Newcastle first team after making his desire to join Liverpool clear.
Newcastle’s recent signing of German international striker Nick Woltemade for a club-record fee of up to £69 million has further fueled speculation that the Magpies were preparing for Isak’s departure.
Isak’s transfer, which surpasses previous British records, underlines Liverpool’s ambition to reinforce their squad as they aim to maintain dominance in both domestic and European competitions.
For Newcastle, the sale provides a massive financial boost while signaling the start of a new attacking era under manager Eddie Howe. For Liverpool, the addition of Isak promises a formidable partnership alongside Mohamed Salah, Darwin Núñez, and Luis Díaz, adding even more firepower to their frontline.
Big Brother Naija Season 10 housemate, Sultana, claimed victory in the Head of House (HOH) interim challenge on Sunday, securing her position ahead of Monday’s defense round.
Shortly after her win, the reality TV star had a heartfelt exchange with fellow contestant Jason Jae in the garden, where she revealed one of the most defining moments of her life. Sultana disclosed that she was forced into marriage at the tender age of 15 and is now a proud mother of two daughters, Aaliyah and Lianora.
“I was married off really young as a child,” she said, responding to Jason’s curiosity about her past. “I was about 15.” She went on to explain that although the marriage was not her decision, her resilience and determination eventually helped her break free from that chapter of her life. Sultana added that both her daughters were delivered through C-section births.
Her management team, through her official X (formerly Twitter) account, also reflected on her journey, noting that she has painstakingly rebuilt her life with the backing of friends and family, learning to embrace her story with courage.
Speaking tenderly about her daughters, Sultana said: “Aaliyah and Lianora are my world. I love them with all my heart and cherish every moment with them.” She also hinted at hidden meanings behind her tattoos, describing herself as “like an onion, the more you peel, the more you discover.”
Her team further emphasized that Sultana’s participation in Big Brother Naija goes beyond entertainment. It is a platform to inspire young girls, particularly in Northern Nigeria, who may have faced early marriage or similar struggles.
Her message is clear: “If I can overcome this, you can too.” Through her story, Sultana aims to empower girls facing difficult realities to understand that their circumstances do not define their destinies.
With her HOH triumph, Sultana is proving to be more than just a strong contender in the game—she is also emerging as a beacon of hope, resilience, and inspiration on the BBNaija stage.
The Central Bank of Nigeria (CBN) has granted final approval for the merger between Union Bank of Nigeria Plc and Titan Trust Bank Limited. This transaction consolidates both institutions under the Union Bank brand.
In a statement, Union Bank confirmed that the integration marks the completion of a process that began in 2021 with the signing of a share sale agreement. The development formally positions the 108-year-old lender as a stronger player in Nigeria’s financial services industry.
Under the terms of the merger, Titan Trust Bank’s operations and assets have been fully absorbed into Union Bank, with the latter continuing to operate as the surviving entity. Titan Trust Bank will no longer exist as a standalone institution.
Following the consolidation, Union Bank now boasts an expanded network of 293 service centres and 937 ATMs nationwide, complemented by upgraded digital channels. This, the bank said, will enhance service delivery across its retail, small business, and corporate segments.
Union Bank’s Managing Director and Chief Executive Officer, Yetunde Oni, described the merger as a defining moment for the institution.
“This is a pivotal moment in our 108-year journey and a launchpad for delivering greater value to our customers,” Oni said. “By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”
Chairman of the Board of Directors, Bayo Adeleke, also underscored the significance of the deal, noting that it ushers in a new era of growth and collaboration.
“By bringing together the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda,” Adeleke stated.
The bank assured customers that there would be no disruption to existing services. Account details remain unchanged, while customers will continue to enjoy seamless access to Union Bank’s products and services, with a stronger push towards digital innovation.
Growth in the Nigerian private sector continued to gain momentum during August as customer demand improved and inflationary pressures softened. Sharper increases in output and new orders were recorded, although rates of expansion in purchasing activity and employment eased. Meanwhile, business confidence softened but firms remained optimistic that output will increase over the coming year.
The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.
At 54.2 in August, the headline PMI was above the 50.0 no-change mark for the ninth month running, signalling a sustained improvement in the health of the Nigerian private sector. Moreover, the latest reading was up from 54.0 in July, pointing to a solid strengthening of business conditions and one that was the most pronounced since April.
The rise in the headline index primarily reflected sharper expansions in output and new orders, with rates of growth hitting four- and 19-month highs respectively. Panellists reported stronger customer demand and a greater willingness among clients to commit to new projects.
Output increased across three of the four broad sectors covered by the survey, the exception being manufacturing.
While firms continued to expand staffing levels in response to higher new orders, the rate of job creation was only slight and softer than that seen in July. Companies were nonetheless able to deplete outstanding business for the first time in five months.
A slower increase in purchasing activity was also registered in August. Nonetheless, input buying rose markedly in response to improving customer demand, with positive expectations for the future also encouraging firms to accumulate inventories.
Expectations for output growth over the coming year reflected predictions of higher new orders, the opening of new branches and advertising activity. Sentiment eased for the second month running, however, and was relatively muted.
Inflationary pressures waned midway through the third quarter. The pace of increase in purchase prices slowed for the fourth consecutive month and was the weakest since March 2020.
Meanwhile, the pace of staff cost inflation eased to a three- month low. Where wages increased, panellists linked this to incentives for faster project delivery and cost-of-living payments.
In line with the picture for input costs, the pace of output price inflation also eased in August, slowing for the fourth month running to the weakest in almost five-and-a-half years. The latest rise was also softer than the series average, despite remaining marked as companies passed higher costs through to their customers.
Zenith Bank Plc’s upside potential has widened as its share price trades at a discount, creating opportunities for value-seeking investors ahead of its half-year 2025 earnings release. At a reference price of N70 last week, the lender—headquartered at Ajose Adeogun, Lagos, with 35 years of operations—has already delivered a 53% year-to-date return to shareholders.
Data from the Nigerian Exchange (NGX) showed the stock closed at N66, about 16% below its 52-week high of N78.50. Market activity slowed last week as bargain hunting faded in the absence of fresh catalysts to sustain rallies across sectoral indices.
At the close of trading, Zenith Bank’s market capitalization stood at N2.71 trillion on 41.069 billion outstanding shares, down by more than N164 billion from its opening value as investors adopted cautious trading strategies. The stock’s contribution to the overall banking index loss was significant compared to smaller lenders, even though its price movement was less volatile than the broader NGX decline.
On Friday, the share price settled at N66 as 17.349 million units worth N1.174 billion were traded. Analysts noted that sell-side activity dominated, with traders taking profit ahead of the bank’s earnings release. Despite the decline, the lender has indicated plans to pay an interim dividend, signalling a likely healthy performance for the first half of 2025.
Analysts’ Targets and Outlook
Equity analysts remain broadly optimistic about Zenith Bank’s prospects, with varying degrees of upside potential:
Alpha Morgan Limited set the most bullish target at N102 per share, implying a potential upside of 55%.
Afrinvest Securities Limited projected a N96.38 target price, with an upside potential of 37.7% from last week’s reference price of N70.
Apel Asset Limited estimated a N78.81 target, noting that Zenith has already returned 53.85% YTD.
Cowry Asset Limited revised its outlook to a N95 target, reflecting a potential upside of 44%.
Atlass Portfolio Limited provided the most conservative forecast at N80, with a hold/neutral recommendation given the limited upside of 14.3% at the N70 reference price.
With interim dividends on the horizon and analysts largely bullish, Zenith Bank remains one of the standout performers among Tier-1 banks in 2025. However, near-term sentiment will hinge on the strength of its upcoming earnings report.
United Bank for Africa (UBA) Plc was the only Tier-1 lender to post gains in the equity market last week, bucking the negative trend on the Nigerian Exchange (NGX) with a price appreciation that lifted its market value to nearly N2 trillion.
UBA shareholders’ portfolio value rose by about N33 billion, making it the lone gainer among Tier-1 banks. With a 41% year-to-date (YTD) return, the Pan-African lender has attracted strong investor interest amid fading bargain hunting and a lack of fresh catalysts to sustain broader market rallies.
UBA’s performance has outpaced the NGX All-Share Index, which closed last week with a 36.31% YTD return. At the end of trading, the bank’s market capitalization stood at N1.996 trillion on 41.039 billion outstanding shares. The share price rose by about 2% during the week, helping ease overall losses on the banking index.
According to NGX data, UBA’s share price closed at N48.65 on Friday, with 7.852 million units worth N382.03 million traded. Trading volume was driven largely by profit-taking from sell-side participants ahead of the bank’s half-year earnings release. The stock peaked at N49.50 midweek before easing slightly, but still added N32.83 billion to its market value on a week-on-week basis.
Analysts’ Expectations and Recommendations
Equity analysts maintain differing views on UBA’s earnings outlook and valuation:
Cowry Asset Management Limited is the most bullish, setting a price target of N74.30 and issuing a buy rating ahead of the bank’s half-year 2025 earnings release.
Alpha Morgan Capital Limited placed a target price of N67.20, implying further upside from current levels.
Apel Asset Limited acknowledged UBA’s 41.03% YTD return but projected a more conservative price target of N52.92, just above its 52-week high of N50.55.
Atlass Portfolio Limited also set a cautious target at N52.50, assigning a hold/neutral recommendation due to limited upside potential of 9.49% from a reference price of N47.95.
Afrinvest Securities Limited issued a buy rating with a target price of N63.13, reflecting an expected upside of about 32% from the same reference price.
Analysts believe that an interim dividend announcement alongside UBA’s half-year earnings could provide fresh momentum, supporting further upside in the months ahead.
Access Holdings Plc saw a slight dip in the equity market last week as fading bargain hunting and a delay in its first-half 2025 earnings release weighed on investor sentiment. The financial services giant postponed its results on the Nigerian Exchange (NGX), noting that the figures had been transmitted to the Central Bank of Nigeria (CBN) for final approval.
At market close, Access Holdings’ 53.317 billion outstanding shares were valued at ₦1.412 trillion, reflecting a decline of ₦26.658 billion from the previous week. Despite this, the group has delivered a 13.21% year-to-date (YTD) return, though this ranks as the lowest among Nigeria’s Tier-1 banks.
Analysts noted that mixed investor sentiment has led to increased sell-offs, with traders exploiting the earnings delay to offload banking stocks, hoping to re-enter at cheaper levels. Banking equities, in particular, remain under pressure amid a broader bearish trend on the NGX, where bargain-hunting opportunities have thinned in the absence of new growth catalysts.
“The last hope for big banks to make meaningful returns for shareholders would be the strength of their half-year earnings performance,”
Market watchers are especially cautious following First Holdco Plc’s earnings slump, which rattled confidence on Broadstreet. As a result, investors are positioning carefully ahead of Access Holdings’ financial scorecard, which many expect to act as a key trigger for the stock’s next price re-rating.
By the end of last week’s trading session, Access Holdings’ share price settled at ₦26.50, with 26.854 million units worth ₦716.98 million exchanged. The large volumes were largely driven by profit-taking from sell-side traders preparing for the delayed earnings release.
The group’s share price movement was relatively stable compared to the broader NGX downturn, with only a mild contribution to the overall banking index loss. Similar cautious trading patterns were observed in Zenith Bank and GTCO stocks, while UBA emerged as a lone gainer and First Holdco remained flat.
Analysts’ Expectations and Price Targets
Equity analysts remain divided on Access Holdings’ outlook, though most maintain a cautiously optimistic stance:
Afrinvest Securities Limited holds the most bullish view, setting a target price of ₦48.61, suggesting strong upside potential.
Apel Asset Limited and Cowry Asset Limited both pegged their price target at ₦36, implying a potential gain of 33.6% from a reference price of ₦27.
Alpha Morgan Capital Limited issued a buy rating with a ₦33.20 target, citing solid fundamentals.
Atlass Portfolio Limited gave a more conservative ₦30.50 target, attaching a hold/neutral recommendation due to the limited upside of 12.95%.
With earnings delays clouding sentiment, analysts agree that Access Holdings’ half-year results will be the decisive factor in shaping its near-term stock trajectory.
…NDRA seeks subsidy redirection to Correctional Services
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to order the reversal of the recently announced increase in international passport fees, describing the new charges as “arbitrary, unlawful, unjustified, and excessive.”
The Nigeria Immigration Service (NIS) had announced that, effective September 1, 2025, passport applications within Nigeria would cost ₦100,000 for a 32-page, five-year document and ₦200,000 for a 64-page, 10-year booklet. The hike comes just a year after a similar adjustment in September 2024.
In a letter signed by its Deputy Director, Kolawole Oluwadare, SERAP argued that the hike amounts to a discriminatory denial of access to passports for millions of socially and economically vulnerable Nigerians, adding that it unlawfully restricts their constitutional and citizenship rights.
The organisation reminded the Interior Minister, Olubunmi Tunji-Ojo, and the Comptroller-General of Immigration, Kemi Nanna Nandap, of their constitutional and international obligations, insisting that government must balance revenue targets with citizens’ rights.
“The new fees will hit hardest those at the bottom of the economic ladder,” SERAP warned, stressing that the policy undermines inclusiveness.
Meanwhile, the Niger Delta Rights Advocates (NDRA) has urged the Federal Government to halt subsidies on passport costs and redirect such funds to improving the welfare of inmates in correctional facilities and enhancing the operational capacity of the Immigration Service.
In a statement signed by its National Chairman, Bright Ngolo, the group commended the Interior Ministry for clearing over ₦25 billion in outstanding obligations from passport importation but argued that subsidising passports, which are dollar-indexed, was economically unsustainable.
“Funds used for subsidies can be better applied to improve living standards in correctional centres and strengthen national security,” Ngolo said, also advocating prioritisation of national identity capture through the National Identity Management Commission (NIMC) to reduce pressure on international passport demand.
The Federal Government has threatened to disconnect electricity generation companies (GenCos) that fail to comply with new grid stability directives, as part of efforts to curb frequent national grid collapses.
In a regulatory order issued by the Nigerian Electricity Regulatory Commission (NERC), all GenCos connected to the national grid must implement Free Governor Control (FGC) across their generating units by 30 November 2025 or face stiff penalties, including disconnection.
The directive, referenced NERC/2025/094 and signed on 26 August 2025 by Vice-Chairman Musiliu Oseni and Commissioner for Legal, Licensing and Compliance, Dafe Akpeneye, takes effect on 1 September 2025.
FGC is a turbine or generator control mechanism that automatically adjusts output in response to grid frequency fluctuations, helping to maintain stability by matching supply with demand. NERC said enforcing its activation is critical to preventing further system disturbances.
“Any GenCo that fails to integrate and activate FGC on its generating units by the deadline will be penalised with a prorated 10 per cent deduction on invoices linked to the defaulting unit,” the commission stated. “A unit that records 90 consecutive days of non-compliance will be disconnected from the grid.”
The regulator cited eight grid disturbances in 2024—five full collapses and three partial failures—which it blamed partly on GenCos’ non-adherence to Grid Code provisions.
To enforce compliance, NERC has mandated GenCos to procure Grade Level 5 IoT-enabled meters capable of tracking power output, voltage, frequency, and other parameters, and to notify the Nigerian Independent System Operator (NISO) of readiness for installation by 31 October 2025. NISO will integrate the meters within 20 days and provide real-time monitoring, with compliance reports submitted monthly to NERC.
The order is anchored on provisions of the Electricity Act 2023, which empowers the regulator to enforce operational codes and ensure the safety, reliability, and quality of electricity supply.
NERC stressed that the move seeks to build “a structured framework for enhancing reliability of power generation and stability of Nigeria’s electricity grid” by tightening oversight, monitoring compliance, and applying penalties where necessary.
Reiterating its zero-tolerance stance on infractions, the commission warned that reconnection of disconnected units will only occur after full compliance has been certified by NISO.
The House of Representatives has dismissed reports alleging a looming confrontation with the Speaker, Abbas Tajudeen, over delays in constituency project funding, describing the claims as “misleading, exaggerated, and taken out of context.”
In a statement issued on Sunday, the House spokesman, Akin Rotimi Jr., faulted a media report (not by The PUNCH), which suggested that discontent over unpaid constituency projects could spark a showdown against the Speaker.
Rotimi said the report relied on “isolated remarks and informal exchanges” from House WhatsApp groups, misrepresenting them as the official stance of lawmakers. He stressed that despite political, ethnic, and religious diversity, the 10th Assembly remained united under Tajudeen’s leadership.
Acknowledging that contractors had experienced delayed payments, Rotimi clarified that the problem was not peculiar to lawmakers’ constituency projects but part of wider fiscal challenges affecting the federation.
“Delayed contractor payments are a national issue,” the statement read. “For weeks, the House leadership, through its Appropriations Committees, has been engaging the Honourable Minister of Finance. Payments have now commenced, and the leadership remains committed to ensuring all outstanding 2024 obligations are settled promptly.”
Rotimi noted that lawmakers were under pressure from constituents expecting delivery of nominated projects but urged that these concerns not be misconstrued.
“While constituents’ agitations are valid, they must be understood within prevailing fiscal realities and not misrepresented,” he said.
On allegations surrounding recruitment into the National Assembly bureaucracy, Rotimi distanced the House leadership from the process, insisting it was handled exclusively by the National Assembly Service Commission in line with federal character, inclusiveness, and merit principles.
He disclosed that the Speaker had directed the House Committee on Public Service Matters to investigate the recruitment exercise to ensure transparency and fairness.
The House further rejected suggestions that constituency projects or development initiatives were being skewed in favour of certain regions.
“Claims that development is unfairly concentrated in one region are false, divisive, and unhelpful. The House remains guided by equity, justice, and fairness,” the statement stressed.
Reiterating its commitment to transparency, inclusiveness, and accountability, the House urged members and the public to disregard insinuations of internal discord.
