The Managing Director of Wema Bank, Moruf Oseni, has said the bank’s goal is returning to Nigeria’s top tier of banking. He stated this during the...
Central Bank of Nigeria has slammed a N250 million fine on a Nigeria-based payment processor, Paystack, for launching Zap app without approval and facilitating international transfers...
The Securities and Exchange Commission has uncovered another suspected illegal investment platform identified as Tofro.com (Tofro). The commission raised the alarm in a notice on Thursday made available...
Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved...
Guaranty Trust Bank, Ecobank as well as others have informed their customer of increase of SMS charges to N6 per sms. Gtbank on its part announced...
The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between...
United Bank for Africa has said that it needed to raise the sum of N144.8 billion to meet the new minimum capital base. Chairman of the...
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...