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...
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, reflecting...
Six banks in the country have posted N3.41 trillion as profit after tax for 2024 ended against the N2.1 trillion recorded in the 2023 financial year....
The World Bank is to approve two loans of $632 million to Nigeria for nutritional improvement and quality basic education enhancement. The World Bank posted this...
In a significant milestone for Nigeria’s banking sector, women now constitute 35% of the Central Bank of Nigeria’s (CBN) directors and half of its Non-Executive Board,...
Zenith Bank Plc has posted N1.3 trillion profit before tax in its 2024 financial year that was presented to the Nigerian Exchange (NGX). According to the...
Debt Management Office has raised N1.09 trillion through the last six series of Sukuk bonds issued for capital projects nationwide on behalf of the federal government....
United Bank for Africa (UBA) Plc grew profit its by 26.14% year on year to N766.568 billion in 2024 from a total amount of N607.696 billion...
Nigerian deposit money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system came under liquidity pressures...