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Nigeria’s exports to ECOWAS hit N1.5tn – NBS
Nigeria's exports to the Economic Community of West African States (ECOWAS) surged to N1.54 trillion in the third!-->…
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!-->…
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!-->…
Fitch predicts tough 2025 for Nigerian banks, others
Fitch Ratings has projected a challenging year ahead for African banks, including Nigerian financial institutions,!-->…
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!-->…
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!-->…
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!-->…
Recapitalisation: ASSIBIFI president underscores impact on banking industry
Olusoji Oluwole, the president of the Association of Senior Staff of Banks, Insurance, and Financial Institutions!-->…
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,!-->…
Forex Challenges Blamed for High Petrol Prices in Nigeria
Operators in Nigeria’s downstream oil sector attribute the high cost of locally refined petrol to!-->…
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!-->…
CBN Debunks Claims of FX Sales to BDCs at N1,301 per Dollar
The Central Bank of Nigeria (CBN) has refuted allegations of selling foreign exchange (FX) to Bureau de Change!-->…
Tax Reform Bills: Northern Leaders Not Well-Informed — Onuesoke
Chief Sunny Onuesoke, a prominent member of the Peoples Democratic Party (PDP) and former governorship candidate!-->…
NPA, Nigerdock finalize $1bn Snake Island Port agreement
In a significant step toward advancing green port development in Nigeria, Nigerdock and the Nigerian Ports!-->…
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!-->…
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!-->…
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,!-->…
UBA Outperforms Peers As Investors Earn 375% Capital Returns
United Bank for Africa (UBA) has delivered an impressive 375% capital gain to its investors over the past five!-->…
Inflation and Rising Raw Material Costs Challenge Confidence in Food, Beverage,…
The Nigerian manufacturing sector is facing significant challenges, including inflation, high raw material costs,!-->…
Total inflows into NAFEM grew to $4.05bn in November –FMD
The Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced significant growth in November, with total!-->…
Nigerian Banks Record N6.5 Trillion Loan Income Amid Rising Interest Rates
Amid a steep rise in the Central Bank of Nigeria's (CBN) Monetary Policy Rate (MPR), Nigerian banks generated N6.5!-->…
Banks raise withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter daily!-->…
Wema Bank awards N145m to outstanding innovators
Wema Bank has successfully concluded the 5th edition of its Hackaholics initiative, awarding N145 million to seven!-->…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower!-->…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building!-->…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1!-->…
FCCPC Engages GT Bank, MTN, Air Peace Over Possible Violation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to address consumer complaints against!-->…
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited (NGX) closed last week on a negative note, reflecting the impact of the Central Bank!-->…
NASD seeks compliance with SEC’s rule on trading unlisted securities
The NASD OTC Exchange has called on public limited companies to adhere to a Securities and Exchange Commission!-->…