African Alliance to court nullify NAICOM’s dissolution of our board
African Alliance Insurance Plc has taken legal action against the National Insurance Commission (NAICOM) at the…
NAICOM hosts ibsurers committee
The 16th Insurers Committee meeting, the first under the new Commissioner for Insurance, Mr. Segun Omosehin, was…
Stock market posts N83bn gain on positive trading
The Nigerian Exchange Limited (NGX) closed Monday in positive territory, gaining N83 billion in market…
Naira closes at N1,681.42 at official market
The naira on Monday maintained losses, closing at N1,681.42 per dollar in the official Nigerian Autonomous Foreign…
Investment in Nigerian Manufacturing Surges Despite Economic Challenges
In the first half of 2024, Nigeria’s manufacturing sector recorded a 30% increase in investments, reaching N250.13…
FX Scarcity Weighed Down Nigeria’s Ranking in Africa Financial Markets Index 2024
Nigeria secured third place in the 2024 Absa Africa Financial Markets Index (AFMI) with an overall score of 64,…
Proposed Tax Reforms Exempt Minimum Wage Earners From PAYE
In a significant shift, Nigerian workers earning the new minimum wage or slightly above will be exempt from…
Nigeria-Taiwan Partnerships Set to Drive Growth in Africa’s Key Sectors
At the 2024 Taiwan-Africa Business Forum in Taiwan, Gabriel Idahosa, President of the Lagos Chamber of Commerce…
Exchange rate to hit N1.993/$ by 2028 — Fitch
Fitch Solutions projects a significant depreciation of Nigeria’s naira, forecasting it could fall to N1,993 per US…
Money supply rises to N108.95 trillion
The Central Bank of Nigeria (CBN) has reported a significant year-on-year increase in broad money supply (M3) by…
RoutePay expands access for under-banked businesses
RoutePay, a fintech company, has expanded access to formal banking for under-banked individuals and Small and…
Nigeria and South Africa Lead Africa’s Crypto and Stablecoin Surge Amid Economic…
Nigeria and South Africa are at the forefront of Africa’s growing cryptocurrency adoption, driving significant…
Banks’ investment securities more than double on juicy yields
Nigerian banks have experienced a significant 145 percent increase in investment securities over the first nine…
Moniepoint, Yellow Card lead Africa start-ups funding
In October, African start-ups secured over $250 million in funding, with Nigeria leading the continent’s…
FIRS Chief Highlights Taxpayer-Friendly Reforms at Lagos Trade Fair
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, emphasized the agency’s…
Stock market end in slight load shed
Nigeria’s stock market closed in the negative at the end of the week, with the Nigerian Exchange (NGX) All Share…
Africhange Secures IMTO License to Boost Remittance Services in Nigeria
Africhange, a leading cross-border remittance service, announced that its Nigerian subsidiary, Currenzo, has…
Heirs Energies Charts Africa’s Energy Future at AEW 2024 with Bold Solutions…
Heirs Energies, a top African energy firm, significantly impacted the African Energy Week (AEW) 2024 held in Cape…
Nigeria Inflation Expected to Remain High Amid Rising Costs
Nigeria’s inflation rate is projected to remain elevated, with October inflation anticipated to reach 33.10%,…
FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs
First City Monument Bank (FCMB) has boosted it’s energy finance loan, offering up to ₦30 million to help…
Banks free to trade with deposited FX – CBN
The Central Bank of Nigeria (CBN) has released guidelines for banks to implement a new foreign exchange deposit…
Oil Marketers Oppose Dangote Refinery’s Bid for Petrol Import Monopoly in Nigeria
Three major oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have…
Global Markets React as Trump Election Victory Boosts US Stocks and Cryptos
Financial markets worldwide responded variably to Donald Trump’s victory in the U.S. presidential election. Asia,…
FBN Holdings Shares Surge as Rights Issue Launches to Bolster Capital Base
FBN Holdings’ share price rose by 1.65% on the Nigerian Exchange Limited (NGX) on Wednesday, closing at N27.65 its…
IMF Chief Highlights Four Steps In Managing Systematic Reforms
In a recent interview, IMF's Deputy Division Chief, Antonio David, outlined a strategic approach for African…
AIICO Insurance Urges Collaboration to Strengthen Nigeria’s Agricultural Sector
AIICO Insurance Plc has emphasized the importance of collaboration among stakeholders to advance Nigeria's…
Zenith Bank Completes Major IT Upgrade to Boost Customer Experience and Digital…
Zenith Bank Plc has announced the completion of a comprehensive IT infrastructure upgrade aimed at enhancing…
Nigeria’s Fiscal Deficit Hits N4.53 Trillion in Q2 2024 as Spending Outpaces…
Nigeria's fiscal deficit reached N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the first…
Africa Targets $58 Billion Investment to Boost Oil and Gas Sector
Nigeria, Libya, and Angola are set to spearhead a forecasted $58 billion investment influx into Africa's oil and…
Consumers protest as Discos hike meter price by 28%
Nigeria’s power distribution companies (Discos) have announced a significant increase in electricity meter prices,…