Finance

Nigeria’s FX demand hits $18.34bn as services surge

Nigeria’s foreign exchange utilisation surged to $18.34bn in the second quarter of 2026, its highest level in nearly 15 years, as financial services transactions...

FG rules out electricity tariff hike, capitalises on N1.23tr bond for debt

blocks N120bn annual revenue losses …It is difficult to fix a 50-year problem in 24 hours – Minister The Federal Government has ruled out an immediate...

AG Mortgage Bank appoints Ogbuehi as company secretary

AG Mortgage Bank Plc has appointed Chieduzie Ogbuehi as its substantive company secretary, effective September 24, 2026. The firm stated in a statement on Monday...

World Bank in talks with dozens of countries about crisis aid, Banga says

BANGKOK, Oct 11 (Reuters) - The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage...

CBN’s three-year reforms face real economy test

Three years after Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria, the apex bank has recorded measurable gains in foreign...

Greenwich Bank expands, opens three Lagos branches

The Lagos State Government has commended Greenwich Bank Limited for opening its first three commercial banking branches in Lagos, describing the expansion as a...

CBN prepares to mop up N4.69tn as liquidity rises

Liquidity in Nigeria’s banking system climbed sharply to N8.84tn ahead of the settlement of the Central Bank of Nigeria’s latest Open Market Operation bills,...

Polaris Bank MD promises improvement, value delivery

The Managing Director/CEO of Polaris Bank, Kayode Lawal, has pledged continuous service improvement and value delivery to customers as the financial institution prepares to...

Banking liquidity slumps N3.86tn as OMO drains cash

Nigeria’s banking system liquidity plunged by N3.86tn on Thursday after the Central Bank of Nigeria conducted a fresh open market operation, tightening cash conditions...

Access Bank appoints new executive director for risk management

Access Bank Plc has appointed Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, following approval by the Central Bank of Nigeria. The appointment, announced by...

Dangote bets cash generation on $45bn expansion

Dangote Group is pursuing a $45bn investment programme to expand its industrial businesses and reach $100bn in annual revenue by 2030, with Dangote Cement...

Banks’ capital raise reinforces balance sheet transparency – UBA GMD

The Group Managing Director of United Bank for Africa Plc and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined...

FCMB backs Dangote refinery IPO, targets wider participation

FCMB Group has taken key roles in the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the oil company offering 4.1...

Finance ministry, CBN sign pact to coordinate inflation policies

The Federal Government and the Central Bank of Nigeria have signed an agreement to coordinate policies on inflation, public debt, government borrowing, liquidity and...

Investors rush to Keystone Bank channels for Dangote IPO

Investors are rushing to Keystone Bank Limited’s approved subscription channels following the opening of the Dangote Petroleum Refinery and Petrochemical’s 4.1 billion-share initial public...

FirstBank, policymakers push for strategic agro-capital deployment

Stakeholders in the financial and agricultural sectors have called for a major shift toward structured, patient capital to boost Nigeria’s agribusiness value chain and...

CBN bags NES Award for economic reforms

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of its institutional reforms and contributions...

Macroeconomic gains will soon benefit households

The Central Bank of Nigeria has assured Nigerians that the benefits of the country’s improving macroeconomic indicators will soon filter through to households and...

Firstholdco joins ftse frontier 50 index, strengthening global investor access and market visibility

Femi Otedola – It affirms the transformation we are driving First HoldCo Plc, Nigeria’s leading financial services holding company, has been included in the FTSE...

Benefits of Nigeria’s economic stability coming to Nigerians soon

The Central Bank of Nigeria has assured Nigerians that the benefits of the country’s improving macroeconomic indicators will soon filter through to households and...

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