Naira on Friday closed the week stronger further appreciating against the U.S. dollar at the official market to trade at N1,386.55. According to data released on...
South Africa’s Standard Bank has reached financial close on a $250 million strategic financing facility for Aradel Energy Ltd, which the Nigerian oil company will partly...
The liquidity level in the financial system surged to N6.12 trillion as the Central Bank of Nigeria (CBN) rejected about N4.9 trillion subscription for its OMO...
China’s role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments...
Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation...
The Nigeria Inter-Bank Settlement System is exploring offline payment solutions to reach Nigerians with limited data access and prevent exclusion from the payments ecosystem. Speaking at...
The Economic and Financial Crimes Commission (EFCC) has implicated a new generation bank, six Fintechs and microfinance banks in major financial scams by allowing fraudsters to...
The Nigerian Insurers Association has released its 2024 Digest, ranking the top 10 insurance companies by motor insurance underwriting and highlighting sustained growth and rising competition...
The federal government, through the Debt Management Office, has offered three FGN bonds, valued at N900 billion, for subscription at N1,000 per unit. According to a...
The average yield on Nigerian treasury bills fell to 18.10% per annum in the secondary market due to increased bets on the naira asset ahead of...
The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark,...
A new Pan-African digital payment platform, SpendEase, has officially commenced operations across Nigeria, Ghana, South Africa, and Kenya, offering seamless cross-border payment solutions. This is according...
