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Business
Unified Payments launches new campaign
Unified Payments, Nigeria's leading payments, and financial technology company, has introduced its new campaign!-->…
Banks lost N42.33bn to fraud in six months — Report
Nigerian banks experienced N42.33bn in fraud-related losses during the first half of 2024, according to a report!-->…
Insurance firms eye N4.98bn profit in 2025
Three leading Nigerian insurance firms Cornerstone Insurance, AIICO Insurance, and International Energy Insurance!-->…
Dangote Refinery exports PMS to Cameroon
Dangote Refinery and Neptune Oil have successfully executed the first-ever export of Premium Motor Spirit (PMS)!-->…
Tinubu to German investors: Energy, solid minerals key to Nigeria’s economic…
President Bola Tinubu highlighted Nigeria's potential for growth in the energy and solid minerals sectors during a!-->…
Mastercard and BCP Group Collaborate on Cross-Border Payments in Africa
Mastercard has announced a strategic partnership with the BCP Group to enhance cross-border payments for both!-->…
UBA shareholders get 375% returns
Shareholders of the United Bank for Africa (UBA) have seen impressive returns, with a cumulative capital gain of!-->…
Pension funds to increase infrastructure financing – PenOp
The Pension Fund Operators Association of Nigeria (PenOp) has announced plans to enhance the role of pension funds!-->…
Dangote gifts 120 indigent students N16m
As part of its 2024 Community Day celebration, Dangote Cement, Ibese, presented N16.2 million in scholarships to!-->…
Naira falls to N1,745/$ on parallel market
The Nigerian naira sharply declined to N1,745 per dollar in the parallel market on Wednesday, marking a steep drop!-->…
NAICOM ICRC Set Agenda for Insurance of Public-Private Assets
The National Insurance Commission (NAICOM) and the Infrastructure Concession Regulatory Commission (ICRC) have!-->…
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!-->…