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Mobile money: Palmpay, OPay, others process N71.5 trillion transactions in 2024
Mobile money transactions in Nigeria have experienced remarkable growth, with the latest data from the Nigeria…
Implications of rebasing Nigeria’s CPI to 2024: A double-edged sword
Nigeria has rebased its Consumer Price Index (CPI) to 2024, significantly affecting how inflation is measured.…
ABCON seeks review of capital requirements for BDCs
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to…
CBN Reports Record N9.39tn Bank Deposits In January Amid Surging Liquidity
In January 2025, Deposit Money Banks (DMBs) in Nigeria deposited a record N9.39 trillion in excess liquidity with…
NGX Delists Tourist Company of Nigeria, Union Homes Savings & Loans Over…
The Nigerian Exchange Limited (NGX) has delisted two companies Tourist Company of Nigeria Plc and Union Homes…
SEC Reaffirms Commitment to Women’s Financial Inclusion in Nigeria
The Securities and Exchange Commission (SEC) has reiterated its dedication to fostering financial inclusiveness…
BUA Foods Posts Record N275bn Profit in 2024, Achieves 145.3% Growth
BUA Foods Plc has announced a remarkable 145.3% increase in profit after tax, reaching N274.95 billion for the…
Foreign Investors Flock to Naira Assets as Reforms Boost Market Confidence
Recent reforms by the Central Bank of Nigeria (CBN) have spurred increased foreign investor interest in naira…
Stock Market Gains Over N1 Trillion Amid Mixed Sentiments on Earnings and…
The Nigerian stock market experienced mixed sentiments last week as corporate earnings reports for Q4’24…
JP Morgan delegation meets Edun on investment opportunities
A high-level delegation from JP Morgan, led by Dapo Olagunju, Head of JP Morgan West Africa, met with Nigeria’s…
PenCom: Informal Sector RSA Holders Save N967m Under Micro Pension Plan
The National Pension Commission (PenCom) has disclosed that 12,241 Retirement Savings Account (RSA) holders in the…
Strategic CSR Investments: Maximizing Impact for Sustainable Humanitarian…
In an era of growing economic disparities, investing in humanity through Corporate Social Responsibility (CSR) is…
Naira Strengthens as Nigeria Clears $7bn Forex Backlog, Boosting Market Confidence
The Nigerian naira appreciated by 3.68% against the U.S. dollar last week, closing at ₦1,474.78/$, following the…
Nigerian Equity Market Gains N1.1tn in One Week as ASI Hits 104,496.12
The Nigerian equity market recorded a significant gain of N1.1tn in one week, with the All-Share Index (ASI)…
Naira Appreciates to Seven-Month High, Gains N63 Against Dollar
Nigeria’s exchange rate strengthened significantly in January 2025, appreciating by N63.72 to close at N1,474.78…
DMO announces results of January 2025 FGN bond auction, raises N669.94 billion
The Debt Management Office (DMO) of Nigeria announced the successful completion of its January 2025 Federal…
Aradel reports N321.6 billion pre-tax profits, up 187% YoY
Aradel Holdings Plc posted an impressive N321.6 billion profit before tax for the 2024 financial year, marking a…
FG launches framework to attract direct investment
The Federal Government of Nigeria has launched the Regulatory Impact Analysis (RIA) Framework to enhance the…
Nigeria’s Electronic Transactions Surge to N1.08 Quadrillion in 2024, Up 79%
Nigeria’s electronic payment ecosystem experienced remarkable growth in 2024, with transactions reaching an…
Unilever posts N4.9bn profit
Unilever Nigeria Plc posted a profit of N4.9bn for the fourth quarter of 2024, reflecting a 29% decline from the…
TotalEnergies records N1.04tn revenue
TotalEnergies Marketing Nigeria Plc has posted impressive financial results for the year ending December 31, 2024,…
Nigeria Joins International Port Community System Association to Enhance Maritime…
The Nigerian Ports Authority (NPA) has announced that Nigeria has been admitted as a member of the International…
Sustainable Capital Acquires 9.96% Stake in Seplat Energy, Strengthening Influence
Sustainable Capital Ltd, a Mauritius-based investment firm, has secured a 9.96% stake in Seplat Energy Plc,…
ABCON Calls For BDCs’ Merger Ahead Of June Recapitalisation Deadline
The Association of Bureau De Change Operators of Nigeria (ABCON) has called on Bureau de Change (BDC) operators to…
FG secures $1.1bn AfDB loan to power 5m people by 2026 — Tinubu
The Federal Government of Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to…
Market integrity: NGX RegCo, EFCC deepen collaboration
NGX Regulation Limited (NGX RegCo) and the Economic and Financial Crimes Commission (EFCC) have agreed to enhance…
Naira Sustains Gain On Parallel Market, Weakens To N1,534/$1 On NEFM
The naira saw a continued appreciation in the parallel market for the second consecutive day, rising by N10 to…
Demand for Aradel Holdings, 25 Others Lift Stock Market by N365bn
Aggressive investor demand for Aradel Holdings Plc and 25 other companies boosted the Nigerian stock market by…
Nigerian Banks Lead Investment Drive Towards $1 Trillion Economy Goal
President Bola Tinubu has reaffirmed his administration’s commitment to achieving a $1 trillion economy by 2026,…
CBN nears completion of $2.4bn FX backlog verification, payments to begin soon
The Central Bank of Nigeria (CBN) is finalizing the verification process for the remaining $2.4 billion foreign…