Browsing Category
Business
AFD extends additional 50m Euros funding to DBN
The French Agency for Development (AFD) has extended a €50 million credit line to the Development Bank of Nigeria…
Nigeria’s money supply rises 48% to N107.7trn
Nigeria's money supply rose 48.3% year-on-year to N107.7 trillion in October 2024, up from N72.6 trillion in the…
Interest rate, others drive up investments in Mutual Funds by 89.12%
The Mutual Funds market in Nigeria has witnessed a remarkable 89.12% year-on-year growth, with the total Net Asset…
Firm launches wealth management App with diverse investment opportunities
Smart Stewards has launched Wealth Sync, a wealth creation app aimed at individuals, small businesses, and…
Stock Market Appreciates by N60bn on Investors Demand for MTN, 36 Others
The Nigerian stock market rebounded with a capitalization increase of N60 billion, driven by investors' strong…
Stanbic IBTC Pensions to Host Annual Creativity, Innovation Festival
Stanbic IBTC Pension Managers has announced plans to host its annual FUZE 3.0 Festival, a celebration of Nigerian…
Foreign portfolio inflows boost Nigeria’s FX reserves by $7.7bn
Nigeria's external reserves saw a significant increase of $7.7 billion, reaching $40.3 billion by November 2024,…
Edves and Globus Bank Partner to Simplify School Fee Payments
Edves, a leading education technology company in Africa, has partnered with Globus Bank to simplify school fee…
Omiye Microfinance Bank eyes N1bn share capital
Omiye Microfinance Bank Limited has announced plans to raise its authorized share capital from N500 million to N1…
CBN awards OPay for financial inclusion innovation
The Central Bank of Nigeria (CBN) has honored OPay with the Financial Inclusion Innovation Award at the 2024…
House of Representatives Probes CBN Over Naira Scarcity
The Nigerian House of Representatives has launched an investigation into the Central Bank of Nigeria (CBN)…
Equinor exits Nigeria, completes $1.2bn asset sale to Chappal Energies
Equinor, the Norwegian energy giant, has exited Nigeria after three decades of operations, finalizing the $1.2…
Access Bank UK bolsters Europe-Africa trade, unveils Malta branch
Access Holdings Plc has announced the launch of The Access Bank Malta Limited, a fully owned subsidiary of The…
Tier-1 banks drive NGX market cap to N5.93trn YTD
Tier-1 banks in Nigeria have significantly contributed to the year-to-date (YTD) growth of the Nigerian Exchange…
African Alliance Insurance pays N780m in claims to annuitants
African Alliance Insurance has commenced the payment of N780 million in claims and annuities as part of its…
Naira Appreciates To N1,550/$ In Parallel Market
The Naira appreciated in the parallel market to N1,550 per dollar, a slight improvement from N1,555 last weekend.…
Oil & Gas Industry: PENGASSAN Kicks Against Flagrant Abuse Of Expatriate Quota
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns about the high…
NPA, Nigerdock finalize $1bn Snake Island Port agreement
In a significant step toward advancing green port development in Nigeria, Nigerdock and the Nigerian Ports…
Tech entrepreneurs set to launch platform to connect African artisans to global…
To transform cross-border trade and empower African businesses, two tech entrepreneurs, Wale Ayantoye and Ola John…
Inflationary pressures hamper business operations in November
The continued rise in inflation has significantly impacted business operations in Nigeria, leading to stagnation…
NECA Applauds Fiscal, Monetary Authorities Broader Push To Stabilise Naira,…
The Nigeria Employers' Consultative Association (NECA) has commended the Federal Government's recent issuance of a…
Chukwu Calls for Tech Adoption in Nigerian Banks’ Recapitalisation to Boost…
Johnson Chukwu, Group Managing Director of Cowry Assets Management Limited, has urged the Central Bank of Nigeria…
Equity market reverses gain with N63bn loss
The Nigerian equity market started the week on a downturn, losing N63bn in market capitalization as the total…
As the naira soars, ABCON urges CBN to tighten the noose on speculators
The naira has experienced a dramatic surge, rising 8.9% in one week, as it rallied from N1,672 to N1,535 per…
Equities market rises, investors pocket N426bn
The Nigerian equities market ended the week with a notable gain, as investors earned N426.69 billion due to…
Coronation Joins AFIS as Gold Sponsor, Championing Innovation in African Finance
Coronation Group has announced its role as a Gold Sponsor at the Africa Financial Summit (AFIS), set to take place…
PalmPay Partners with NFIU to Boost Financial Security in Nigeria
PalmPay, a leading Nigerian fintech company, has reaffirmed its commitment to tackling financial fraud through…
Banks’ Recapitalisation, New Listings Boost NGX Market Cap by N8.1tn
In 2024, the Nigerian Exchange Limited (NGX) saw a remarkable surge of N8.1 trillion in its market capitalization,…
Data expose gaps in Nigeria’s $1trn GDP target
Recent data from Nigeria’s National Bureau of Statistics (NBS) reveals a significant drop in the country’s GDP in…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS)…