The Central Bank of Nigeria (CBN) FX debit gulped the financial system liquidity, with banks borrowing intensity driving the short-term benchmark interest to double digits high...
Debt Management Office (DMO) has increased the local bond offering size for August by 100%, reversing the extremely tight supply in the recent past. In a...
Nigeria’s insurance operators and reinsurance companies have been given a 12-month deadline to comply with significantly higher capital requirements, following the commencement of the Nigerian Insurance...
Federal High Court, Abuja Division, has ordered United Bank for Africa to pay ₦30 million in damages for unlawfully restricting a firm’s account for over a...
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has published its annual Development Impact Report, presenting a comprehensive, data-driven account of AFC’s cumulative development outcomes...
Central Bank of Nigeria (CBN) increased the spot rate on Nigerian Treasury billls with 364-day maurity to 16.50%, according to details from its primary market auction...
President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025, a landmark legislation to strengthen Nigeria’s financial sector and accelerate the nation’s...
African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately...
National Insurance Commission (NAICOM) has officially issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement. The guidelines, effective from August 1,...
Stakeholders have described National Credit Guarantee Company (NCGC) as a company on rescue mission to salvage the lack of access to credit in the Nigerian Economy,...
An information technology expert, Jide Awe, has raised concerns about the increasing sophistication of AI-driven cybercrime. Mr Awe, an innovation and technology policy advisor, cautioned against...
Central Bank of Nigeria (CBN) defended the local currency against the dominant US dollar as forex supply declined by 25% week on week. To maintain naira...
Senate has approved President Bola Tinubu’s plan for more than $21 billion in foreign borrowing to plug shortfalls in the 2025 budget, a senior lawmaker said...
Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso. He said this during the Monetary...
Zenith Bank Plc has been named “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025, emerging as Nigeria’s standout performer, and clinching the biggest and...