Equity market gains N704bn
The Nigerian equity market soared by N704bn over six days, pushing the market capitalization above N60tn. At…
FG, World Bank invest $600m on rural roads
The Federal Government of Nigeria, in collaboration with the World Bank, has earmarked $600 million to…
FCMB Hackathon: Startups Work on Solutions for Livestock Mortality and Financial…
For conceptualising and developing actionable solutions to bridge gaps in Nigeria’s agribusiness ecosystem,…
Court orders Radix Pension to pay ex-MD N57m, $21,000+
The National Industrial Court in Lagos has ruled in favor of Kunle Adeboye, a former Managing Director of Radix…
Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry
MicroStrategy’s shares surged 4% in premarket trading as the company prepared to join the Nasdaq 100 index, a…
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…
BUA Group donates N2bn for reconstruction of collapsed Zaria mosque
The Emir of Zazzau in Kaduna, Ambassador Ahmad Nuhu Bamalli, has praised Alh Abdulsamad Rabiu, the Chairman of BUA…
Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments…
UBA Raises N239.4bn to Strengthen Lending and Global Expansion
United Bank for Africa (UBA) is set to raise N239.4 billion through a rights issue to support its growth and…
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…
Currency Outside Banks Now N4.29tn, 94.2% of Currency in Circulation
Currency outside banks in Nigeria surged to N4.29 trillion in October 2024, accounting for 94.2% of the total…
High currency in circulation fails to tame cash scarcity
Cash scarcity continues to trouble Nigerians despite the Central Bank of Nigeria (CBN) reporting a record high of…
Nigeria excluded from the $1bn OPEC fund for development financing
Nigeria, Africa’s largest oil producer, was conspicuously absent from the list of beneficiaries of nearly $1…
Equities market gains 1.19%, ASI nears 100,000-point mark
The Nigerian equities market ended the week of November 13, 2024, on a note, with the NGX All-Share Index (ASI)…
NGX slams 3,792 sanctions on erring brokers
The Nigerian Exchange Group (NGX) has imposed 3,792 regulatory sanctions on trading license holders over the past…
Capital Express unveils insurance group
Capital Express Group has officially unveiled its insurance arm, comprising two rebranded entities: Capital…
Stock market sustains positive trend amid portfolio repositioning
The Nigerian stock market extended its bullish run last week, driven by increased investor confidence and seasonal…
Nigeria Needs Robust Policies To Boost Foreign Trade – Analysts
Analysts have urged Nigeria’s fiscal and monetary authorities to adopt strategic policies aimed at enhancing…
NSIA Insurance donates furniture to school
NSIA Insurance Limited has donated furniture and school supplies to Government College, Victoria Island, Lagos, as…
Firm partners NexHub to boost creative exports
Bruit Costaud, a leading policy communications and government affairs firm, partnered with NexHub to amplify…
Continental Reinsurance gets positive ratings
Continental Reinsurance, a leading pan-African reinsurance company, has received a B+ financial strength rating…
Access Bank set to acquire 100% equity in South Africa’s Bidvest Bank
Access Bank, a subsidiary of Access Holdings Plc, has announced its agreement to acquire a 100% equity stake in…
BudPay Highlights Lack of Data Among SMEs Hindering African Business Growth
Despite the surge in digital transactions across Africa, 73% of small and medium enterprises (SMEs) lack access to…
World Bank may approve $500m loan to Nigeria today
The World Bank is expected to approve a $500 million loan for Nigeria to enhance rural access and agricultural…
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…
Rupee slips to record low but central bank steps in to curb losses
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…
Stocks Rise as Investors Bet on Fed Rate Cut Euro Firms Ahead of ECB Decision
Global stock markets saw a slight uptick on December 12, supported by expectations of a U.S. Federal Reserve…
Dangote Refinery exports PMS to Cameroon
Dangote Refinery and Neptune Oil have successfully executed the first-ever export of Premium Motor Spirit (PMS)…