Bank of Industry (BOI) plans to raise N250 billion through its inaugural Series 1 Fixed Rate Bond whose subscription opened on Aug. 5 and closes on...
Nigeria has introduced stamp duty on certain crypto transactions and withholding taxes that industry players say could undermine adoption of digital assets in one of the...
National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory minimum capital requirement under the Nigerian...
Central Bank of Nigeria (CBN) says its ongoing monetary and foreign exchange reforms are delivering positive results, with the gap between the official Naira exchange rate...
Crown Takaful Insurance Limited, Nigeria’s ethical insurance company, has approved the sharing of N100.9 million in total surplus distribution to its participants. Surplus sharing is the...
Central Bank of Nigeria (CBN), Gombe Branch, on Tuesday organised a stakeholders’ fair aimed at promoting financial inclusion, enhancing public awareness of the Bank’s operations, and...
The Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply...
Currency outside the Nigerian banking system fell to N4.92 trillion in June from N5.19 trillion in May 2026. The Central Bank of Nigeria (CBN) reported this...
Ebelechukwu Nwachukwu, chairman of the Nigerian Insurers Association (NIA), says over 70 per cent of insurance companies have completed the verification exercise ahead of the July...
Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank”, the latter for the second consecutive year, at the prestigious Euromoney Awards for...
The Nigerian equities market closed on a bullish note, with the benchmark All-Share Index (ASI) advancing by 0.98%, bringing its year-to-date (YTD) return to 59.26%. Despite...
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. NDIC Managing Director and Chief Executive, Thompson...
The Debt Management Office (DMO) conducted its July 2026 FGN bond auction on 20 July 2026, offering a total of N1.2trn. The amount offered was unchanged...
The Nigerian financial system was flush with cash last week that was strong enough to keep money market rates stable, supported by FAAC disbursements to states and...
Nigeria’s gradual slowdown in inflation has opened the door to interest-rate cuts, but external shocks have complicated the outlook, Central Bank Governor Olayemi Cardoso said on...