Equities market dips as investor sentiment wanes
The Nigerian equities market closed on November cautiously, with the NGX All-Share Index (ASI) dipping by 0.33% to…
Innovative Financing Crucial to Africa’s Maritime Growth Says NIMASA DG
Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has…
Nigerian Stock Market Declines Amid Mixed Sentiments and Sectoral Divergences
The Nigerian Exchange (NGX) All-Share Index dipped by 0.33% in the week ending November 29, 2024, closing at…
Stanbic IBTC Bank Launches Senior Citizens Account for Nigerians Aged 50 and Above
Stanbic IBTC Bank has introduced the Senior Citizens Account, a specialized banking service tailored for Nigerians…
Pension Administrators Crucial to Retirement Financial Security
Pension administrators play a pivotal role in securing the financial well-being of contributors under the…
Heirs Insurance Group calls for AI innovation to drive insurance growth in Africa
At the West African Insurance Companies Association Conference in Accra, Niyi Onifade, Sector Head of Heirs…
CBN hikes interest rate to 27.50% in fierce inflation fight
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50%, marking…
Government to Support Research and Technology for Health Transformation
The Nigerian government has reaffirmed its commitment to advancing universal health coverage (UHC) by prioritizing…
SEC: No investor will lose funds to fintech
The Securities and Exchange Commission (SEC) has reassured investors about the safety of their investments as…
Ecobank boosts construction sector with Design & Build expo
Ecobank Nigeria has launched its five-day Build and Design Expo to promote innovation and creativity within…
Naira appreciates to N1,755 per dollar in the parallel market
The naira appreciated in the parallel market on Tuesday, strengthening to N1,755 per dollar from Monday’s rate of…
Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Bitcoin recently reached a record high of $99,830 but fell 8% to $91,377, with investors now betting on further…
Delta State’s Strategic Investment in UTM FLNG: A Game-Changer
Delta State's acquisition of an 8% stake in the UTM Floating Liquefied Natural Gas (FLNG) plant is being hailed as…
CBN Implements $100,000 Minimum Trade for Banks in FX Market
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange trading through the…
Wema Bank’s Hackaholics 5.0 finalists battle for N75m prize
Wema Bank, renowned for its innovation in banking and creator of Africa's first fully digital bank, ALAT, has…
Expert Warns Against Further Tightening of Monetary Policy Rate
Economic expert Dr. Chijioke Ekechukwu has advised against further increases to Nigeria’s Monetary Policy Rate…
States failed to execute 40% of capital expenditure – Fitch
State governments in Nigeria fail to execute 40% of their capital expenditure (CAPEX) budgets, according to the…
Foreign Transactions Decline as Naira Weakens
Foreign investors are increasingly withdrawing from the Nigerian Exchange (NGX), with year-to-date foreign…
Nigerian Capital Market Raises N2.7tn to Boost Economy in 2024
The Securities and Exchange Commission (SEC) announced that banks and other companies raised ₦2.7 trillion from…
Dollar Climbs as Trump’s Tariff Threats Hammer European Stocks
The U.S. dollar surged on Tuesday, while European stocks suffered sharp declines. President-elect Donald Trump…
Services and Oil Drive Nigeria’s Economic Growth to 3.46% in Q3 2024
Nigeria’s economy grew by 3.46% year-on-year in the third quarter of 2024, outperforming the 2.54% growth recorded…
CBN extends BDCs’ recap deadline by six months
The Central Bank of Nigeria (CBN) has extended the recapitalization deadline for Bureau De Change (BDC) operators…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country's four government-owned refineries in…
FG lauds NLRC for contribution to nation’s growth
The Minister of Special Duties and Inter-governmental Affairs, Zephaniah Jisalo, praised the National Lottery…
Liquidation of Heritage Bank Plc: Matters Arising (2)
The liquidation of Heritage Bank Plc and the transfer of its powers to the Nigeria Deposit Insurance Corporation…
Keystone Bank Rewards Loyal Customers in ‘Welcome Back Campaign Promo
Keystone Bank, a prominent financial institution in Nigeria, recently concluded its "Welcome Back Campaign Promo,"…
Investment banking hits major deals in 2024 –AIHN President
The Association of Issuing Houses of Nigeria (AIHN) recognized significant achievements in the investment banking…
Stock Market Declines 0.21% on Profit-Taking in GTCO and 29 Other Stocks
The Nigerian Exchange Limited (NGX) All-Share Index fell by 0.21% at the start of the trading week, closing at…
Nigeria’s GDP Grows by 3.46 Percent in Third Quarter 2024
Nigeria’s economy expanded by 3.46% year-on-year in Q3 2024, marking a notable improvement from the 2.54% growth…
TD Bank prepares to hire compliance monitors as US CEO reassures staff
Toronto-Dominion (TD) Bank is taking significant steps to address its compliance shortcomings after becoming the…