2025 Budget: N13trn Deficit To Be Financed Through Borrowing – Finance Minister
The Federal Executive Council (FEC) has approved Nigeria’s 2025 budget, which projects a deficit of N13.1 trillion, representing 3.89% of…
Year: 2024
Sterling Bank honored for advancing tourism, transportation
Sterling Bank has been named the “Outstanding Banking Partner for Tourism and Transportation of the Year” by the Institute for…
CBN’s Market Discipline Boosts Banking Efficiency and Transparency
The Central Bank of Nigeria (CBN) has intensified efforts to enhance banking efficiency and transparency through stricter enforcement of market…
Fitch predicts tough 2025 for Nigerian banks, others
Fitch Ratings has projected a challenging year ahead for African banks, including Nigerian financial institutions, in its African Banks Outlook…
Naira appreciates to N1,660/$ in parallel market
The Naira appreciated in the parallel market yesterday, trading at N1,660 per dollar, a slight improvement from N1,662 per dollar…
NIPC seeks partnerships to attract, retain investments
The Nigerian Investment Promotion Commission (NIPC) has reinforced its commitment to driving economic growth by attracting new investments and retaining…
How N239.4bn Rights Issue will contribute to UBA’s growth – Elumelu
The United Bank for Africa (UBA) is undertaking a N239.4 billion Rights Issue to fund digital transformation and business expansion…
Equity market gains N704bn
The Nigerian equity market soared by N704bn over six days, pushing the market capitalization above N60tn. At Monday’s close, the…
FG, World Bank invest $600m on rural roads
The Federal Government of Nigeria, in collaboration with the World Bank, has earmarked $600 million to rehabilitate 200,000 kilometers of…
FCMB Hackathon: Startups Work on Solutions for Livestock Mortality and Financial Inclusion
For conceptualising and developing actionable solutions to bridge gaps in Nigeria’s agribusiness ecosystem, winners of this year’s First City Monument…
Court orders Radix Pension to pay ex-MD N57m, $21,000+
The National Industrial Court in Lagos has ruled in favor of Kunle Adeboye, a former Managing Director of Radix Pension…
Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry
MicroStrategy’s shares surged 4% in premarket trading as the company prepared to join the Nasdaq 100 index, a milestone that…
FG issues N1.1trn Sovereign Sukuk for 124 road projects across Nigeria
The Securities and Exchange Commission (SEC) has announced that the Nigerian government has issued six Sovereign Sukuk worth ₦1.1 trillion…
BUA Group donates N2bn for reconstruction of collapsed Zaria mosque
The Emir of Zazzau in Kaduna, Ambassador Ahmad Nuhu Bamalli, has praised Alh Abdulsamad Rabiu, the Chairman of BUA Group…
Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments from U.S.…
UBA Raises N239.4bn to Strengthen Lending and Global Expansion
United Bank for Africa (UBA) is set to raise N239.4 billion through a rights issue to support its growth and…
PalmPay Partners Jumia to Boost Payment Transaction
PalmPay, a leading fintech company in Nigeria, has partnered with e-commerce platform Jumia to improve the payment process for customers…
Currency Outside Banks Now N4.29tn, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to N4.29 trillion in October 2024, accounting for 94.2% of the total currency in…
High currency in circulation fails to tame cash scarcity
Cash scarcity continues to trouble Nigerians despite the Central Bank of Nigeria (CBN) reporting a record high of N4.5 trillion…
Nigeria excluded from the $1bn OPEC fund for development financing
Nigeria, Africa’s largest oil producer, was conspicuously absent from the list of beneficiaries of nearly $1 billion in development financing…
Equities market gains 1.19%, ASI nears 100,000-point mark
The Nigerian equities market ended the week of November 13, 2024, on a note, with the NGX All-Share Index (ASI)…
NGX slams 3,792 sanctions on erring brokers
The Nigerian Exchange Group (NGX) has imposed 3,792 regulatory sanctions on trading license holders over the past 13 years to…
Capital Express unveils insurance group
Capital Express Group has officially unveiled its insurance arm, comprising two rebranded entities: Capital Express Life Assurance Limited and Capital…
Stock market sustains positive trend amid portfolio repositioning
The Nigerian stock market extended its bullish run last week, driven by increased investor confidence and seasonal factors like the…
Nigeria Needs Robust Policies To Boost Foreign Trade – Analysts
Analysts have urged Nigeria’s fiscal and monetary authorities to adopt strategic policies aimed at enhancing domestic production and reducing reliance…
NSIA Insurance donates furniture to school
NSIA Insurance Limited has donated furniture and school supplies to Government College, Victoria Island, Lagos, as part of its Corporate…
Firm partners NexHub to boost creative exports
Bruit Costaud, a leading policy communications and government affairs firm, partnered with NexHub to amplify Nigeria’s global creative exports. The…
Continental Reinsurance gets positive ratings
Continental Reinsurance, a leading pan-African reinsurance company, has received a B+ financial strength rating and a long-term issuer credit rating…
Access Bank set to acquire 100% equity in South Africa’s Bidvest Bank
Access Bank, a subsidiary of Access Holdings Plc, has announced its agreement to acquire a 100% equity stake in South…
BudPay Highlights Lack of Data Among SMEs Hindering African Business Growth
Despite the surge in digital transactions across Africa, 73% of small and medium enterprises (SMEs) lack access to critical data…