Business Unified Payments launches new campaign Dec 12, 2024 0 Unified Payments, Nigeria's leading payments, and financial technology company, has introduced its new campaign!-->…
Business Banks lost N42.33bn to fraud in six months — Report Dec 12, 2024 0 Nigerian banks experienced N42.33bn in fraud-related losses during the first half of 2024, according to a report!-->…
Business Insurance firms eye N4.98bn profit in 2025 Dec 12, 2024 0 Three leading Nigerian insurance firms Cornerstone Insurance, AIICO Insurance, and International Energy Insurance!-->…
International Rupee slips to record low but central bank steps in to curb losses Dec 12, 2024 0 On December 12, the Indian rupee reached an all-time low of 84.88 to the U.S. dollar, marking a 0.04% decline. The!-->…
Stock Stocks Rise as Investors Bet on Fed Rate Cut Euro Firms Ahead of ECB Decision Dec 12, 2024 0 Global stock markets saw a slight uptick on December 12, supported by expectations of a U.S. Federal Reserve!-->…
Business Dangote Refinery exports PMS to Cameroon Dec 12, 2024 0 Dangote Refinery and Neptune Oil have successfully executed the first-ever export of Premium Motor Spirit (PMS)!-->…
Business Tinubu to German investors: Energy, solid minerals key to Nigeria’s economic… Dec 12, 2024 0 President Bola Tinubu highlighted Nigeria's potential for growth in the energy and solid minerals sectors during a!-->…
Business Mastercard and BCP Group Collaborate on Cross-Border Payments in Africa Dec 12, 2024 0 Mastercard has announced a strategic partnership with the BCP Group to enhance cross-border payments for both!-->…
Business UBA shareholders get 375% returns Dec 12, 2024 0 Shareholders of the United Bank for Africa (UBA) have seen impressive returns, with a cumulative capital gain of!-->…
Pension Pension funds to increase infrastructure financing – PenOp Dec 12, 2024 0 The Pension Fund Operators Association of Nigeria (PenOp) has announced plans to enhance the role of pension funds!-->…
Business Dangote gifts 120 indigent students N16m Dec 12, 2024 0 As part of its 2024 Community Day celebration, Dangote Cement, Ibese, presented N16.2 million in scholarships to!-->…
Business Naira falls to N1,745/$ on parallel market Dec 12, 2024 0 The Nigerian naira sharply declined to N1,745 per dollar in the parallel market on Wednesday, marking a steep drop!-->…
Business NAICOM ICRC Set Agenda for Insurance of Public-Private Assets Dec 12, 2024 0 The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have!-->…
Economy AFD extends additional 50m Euros funding to DBN Dec 12, 2024 0 The French Agency for Development (AFD) has extended a €50 million credit line to the Development Bank of Nigeria!-->…
Business Nigeria’s money supply rises 48% to N107.7trn Dec 12, 2024 0 Nigeria's money supply rose 48.3% year-on-year to N107.7 trillion in October 2024, up from N72.6 trillion in the!-->…
Business Interest rate, others drive up investments in Mutual Funds by 89.12% Dec 12, 2024 0 The Mutual Funds market in Nigeria has witnessed a remarkable 89.12% year-on-year growth, with the total Net Asset!-->…
Market Stocks steady as investors cautiously await US inflation data Dec 11, 2024 0 Stocks remained steady on December 11 as investors awaited key U.S. inflation data, which could influence future!-->…
Business Firm launches wealth management App with diverse investment opportunities Dec 11, 2024 0 Smart Stewards has launched Wealth Sync, a wealth creation app aimed at individuals, small businesses, and!-->…
Business Stock Market Appreciates by N60bn on Investors Demand for MTN, 36 Others Dec 11, 2024 0 The Nigerian stock market rebounded with a capitalization increase of N60 billion, driven by investors' strong!-->…
Business Stanbic IBTC Pensions to Host Annual Creativity, Innovation Festival Dec 11, 2024 0 Stanbic IBTC Pension Managers has announced plans to host its annual FUZE 3.0 Festival, a celebration of Nigerian!-->…
Banking Recapitalisation: ASSIBIFI president underscores impact on banking industry Dec 11, 2024 0 Olusoji Oluwole, the president of the Association of Senior Staff of Banks, Insurance, and Financial Institutions!-->…
Business Foreign portfolio inflows boost Nigeria’s FX reserves by $7.7bn Dec 11, 2024 0 Nigeria's external reserves saw a significant increase of $7.7 billion, reaching $40.3 billion by November 2024,!-->…
Business Edves and Globus Bank Partner to Simplify School Fee Payments Dec 11, 2024 0 Edves, a leading education technology company in Africa, has partnered with Globus Bank to simplify school fee!-->…
Business Omiye Microfinance Bank eyes N1bn share capital Dec 11, 2024 0 Omiye Microfinance Bank Limited has announced plans to raise its authorized share capital from N500 million to N1!-->…
Local Forex Challenges Blamed for High Petrol Prices in Nigeria Dec 11, 2024 0 Operators in Nigeria’s downstream oil sector attribute the high cost of locally refined petrol to!-->…
Business CBN awards OPay for financial inclusion innovation Dec 11, 2024 0 The Central Bank of Nigeria (CBN) has honored OPay with the Financial Inclusion Innovation Award at the 2024!-->…
Economy CBN Debunks Claims of FX Sales to BDCs at N1,301 per Dollar Dec 11, 2024 0 The Central Bank of Nigeria (CBN) has refuted allegations of selling foreign exchange (FX) to Bureau de Change!-->…
Business House of Representatives Probes CBN Over Naira Scarcity Dec 11, 2024 0 The Nigerian House of Representatives has launched an investigation into the Central Bank of Nigeria (CBN)!-->…
Energy Equinor exits Nigeria, completes $1.2bn asset sale to Chappal Energies Dec 11, 2024 0 Equinor, the Norwegian energy giant, has exited Nigeria after three decades of operations, finalizing the $1.2!-->…
Finance Access Bank UK bolsters Europe-Africa trade, unveils Malta branch Dec 11, 2024 0 Access Holdings Plc has announced the launch of The Access Bank Malta Limited, a fully owned subsidiary of The!-->…