African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately...
National Insurance Commission (NAICOM) has officially issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement. The guidelines, effective from August 1,...
Stakeholders have described National Credit Guarantee Company (NCGC) as a company on rescue mission to salvage the lack of access to credit in the Nigerian Economy,...
An information technology expert, Jide Awe, has raised concerns about the increasing sophistication of AI-driven cybercrime. Mr Awe, an innovation and technology policy advisor, cautioned against...
Central Bank of Nigeria (CBN) defended the local currency against the dominant US dollar as forex supply declined by 25% week on week. To maintain naira...
Senate has approved President Bola Tinubu’s plan for more than $21 billion in foreign borrowing to plug shortfalls in the 2025 budget, a senior lawmaker said...
Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso. He said this during the Monetary...
Zenith Bank Plc has been named “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025, emerging as Nigeria’s standout performer, and clinching the biggest and...
The Central Bank of Nigeria (CBN) has directed banks to submit a comprehensive Capital Restoration Plan (CRP) as part of its efforts to strengthen the banking...
Central Bank of Nigeria (CBN) sold OMO bills worth N3.32 trillion to eligible investors, local banks, and foreign portfolio investors in June with the twin objectives...
Banks in Nigerian has activated cross border or foreign currency spending with the Naira debit card, series of update from top financial institutions have revealed. The...
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top...
FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile banking application- FirstMobile, along...
Foreign direct investment (FDI) inflows into Nigeria declined by 19% to $250 million in Q1 2025, compared to $310 million in the previous quarter. This is...
Africa Finance Corporation AFC, has said that the Republic of Angola has become its latest sovereign shareholder. This strategic equity investment further strengthens Angola’s partnership with...