The Nigeria Inter-Bank Settlement System is exploring offline payment solutions to reach Nigerians with limited data access and prevent exclusion from the payments ecosystem. Speaking at...
The Economic and Financial Crimes Commission (EFCC) has implicated a new generation bank, six Fintechs and microfinance banks in major financial scams by allowing fraudsters to...
The Nigerian Insurers Association has released its 2024 Digest, ranking the top 10 insurance companies by motor insurance underwriting and highlighting sustained growth and rising competition...
The federal government, through the Debt Management Office, has offered three FGN bonds, valued at N900 billion, for subscription at N1,000 per unit. According to a...
The average yield on Nigerian treasury bills fell to 18.10% per annum in the secondary market due to increased bets on the naira asset ahead of...
The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark,...
A new Pan-African digital payment platform, SpendEase, has officially commenced operations across Nigeria, Ghana, South Africa, and Kenya, offering seamless cross-border payment solutions. This is according...
Arab Coordination Group and the African Development Bank Group have launched a new phase of their partnership aimed at scaling co-financing, mobilising private capital, and accelerating...
Last week, the Naira appreciated, strengthening to a mid-week high of N1,418.26/US$ in the NAFEM market before easing to N1,423.17/$ at the close of the week,...
The average benchmark yield on Nigerian Treasury bills rose by 50 basis points to 18.17% in the secondary market as fixed-income market investors took profit on...
The Nigeria Deposit Insurance Corporation has declared a second liquidation dividend of N24.3 billion for depositors of the defunct Heritage Bank Ltd., following continued recovery...
The Central Bank of Nigeria (CBN) opened N1.15 trillion worth of Nigerian Treasury bills for investors’ subscription on Wednesday. The primary market action surfaced 24 hours...
Universal Insurance Plc has outlined plans to focus on digital innovation, product expansion and stronger partnerships in 2026 as part of efforts to enhance its revenue...
Ecobank Nigeria Ltd has completed the early repayment of more than 80 per cent of its $300 million eurobond ahead of its February 2026 maturity. The...
First HoldCo Plc has said that its commercial banking subsidiary, First Bank of Nigeria, has successfully met the Central Bank of Nigeria’s minimum capital requirement of...