Nigeria’s treasury bills auction, conducted on February 19, 2025, attracted significant investor interest, with total subscriptions reaching N2.41 trillion across the three offered tenors. However, this...
Central Bank of Nigeria CBN has said that Keystone bank is safe, sound and secure. The apex bank in a statement said “Following the court order...
The triple-A ratings of the World Bank and other top multilateral lenders would be at risk if the United States withdraws support for them following a...
Data from FMDQ has shown that total foreign exchange inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) rose by 53.3% to $4.74 billion in January...
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully closed a $400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the...
Bitcoin, Ethereum climbed as top cryptocurrencies rebounded strongly Tuesday after sell pressures reduced the value of all major assets in the market. Data showed that the...
The National Insurance Commission (NAICOM) has issued additional regulatory requirements for life insurance companies carrying on annuity business in the country. An annuity is a form...
Electronic payment transactions in Nigeria rose to $702.6 billion in 2024. According to the data released by the Nigeria Inter-Bank Settlement System (NIBSS), the value recorded...
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect. This is...
Statistics from the National Insurance Commission (NAICOM) say the insurance industry recorded N3.877 trillion in total assets in the third quarter of 2024. In a circular...
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the...
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the...
Recovering from the previous week’s decline, the Naira appreciated by 1.07% w/w at the NAFEM market to close at N1,531.20/US$1. The parallel market shared a similar...
The equities market sustained a bullish run Tuesday as investors responded to the 50% tariff hike passed by the National Communication Commission yesterday. The market gained...
The expansion of the Electronic Money Transfer Levy (EMTL) to transactions on fintech platforms generated N31.2 billion revenue to the federation account in December 2024, the...