Due to robust demand for the naira assets, the Central Bank of Nigeria (CBN) rejected a huge part of excess subscriptions submitted by investors at the...
The insurance industry has recorded a 61 per cent year-on-year increase in the third quarter of 2024, reaching N1.2 trillion. Kunle Ahmed, chairman of the Nigerian...
Nigeria’s foreign reserves fell by $3 billion to a six month low in less than four full months amidst fluctuation in FX inflows and aggressive interventions...
In preparation for the International Monetary Fund and World Bank Group Spring meetings commencing Monday, April 21, 2025, the Central Bank of Nigeria has partnered with...
Securities and Exchange Commission (SEC) has warned social media influencers and bloggers against promoting unregistered investment schemes. SEC’s director-general, Emomotimi Agama, gave the warning in a...
Femi Otedola has increased its holdings in First Hold thus becoming the single largest shareholder. He increased his stake in First Holdco by 4,121%. Taking the...
Central Bank of Nigeria (CBN) will open N400 billion worth of Nigerian Treasury bills (NTB) for investors’ subscriptions at the primary market auction scheduled for next...
The Central Bank of Nigeria (CBN) injects $150 million into the foreign exchange market at the beginning of the week to keep the Naira safe from...
National Insurance Commission has called for a proactive, data-driven, forward-looking risk management approach to boost national development. Olusegun Omosehin, the commissioner for insurance, made the call...
Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from...
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for the year ended 31 December...
The Naira exchange rate has came under intense pressure in the foreign exchange market as a result of foreign investors seeking to exit positions in the...
African Export-Import Bank said it has successfully issued its first Panda bond in the China Interbank Market under the Bank’s 2025 Panda Bond Programme, printing a...
Central Bank of Nigeria has sold nearly $197.71 million to support the Naira currency after President Donald Trump’s tariffs sent shockwaves through global markets. The CBN...
The World Bank said on Wednesday it had approved a total of $1.08 billion in concessional financing for Nigeria to enhance education quality, build household and...