Finance

World Bank warns of fragile global food supply

The World Bank has issued a stark warning regarding the stability of the global food system, noting that despite an adequate volume of total...

Standard Chartered urges SMEs to strengthen export capacity

Standard Chartered Bank Nigeria has urged small and medium-sized enterprises to strengthen their export capabilities and improve their readiness for cross-border trade as businesses...

BOI electrifies 100 communities, connects 11,777 power users

The Bank of Industry has said its investments in power and rural infrastructure electrified more than 100 communities and connected 11,777 new customers to...

European Bank for Reconstruction, Development Plans $1.5bn Investment in Nigeria, Prioritises Power Sector

The European Bank for Reconstruction and Development (EBRD) yesterday announced plans to invest at least $1.5 billion in Nigeria over the next three years,...

BMONI and Mastercard collaborate to unlock instant card access for consumers in Nigeria

Mastercard and BMONI, an AI-powered financial platform focused on simplifying access to money, have announced a collaboration to introduce a new generation of virtual...

Jaiz Bank plans collateral-free loans for SMEs

Jaiz Bank Plc has said it is awaiting the approval of the Central Bank of Nigeria to roll out new financing products that will...

Wema Bank secures €50m EIB facility to support SMEs

Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access...

Afreximbank boost Africa’s digital trade ecosystem

African Export-Import Bank (Afreximbank) has officially launched the inaugural cohort of its “Afreximbank Accelerator Programme,” bringing together eight high-potential startups from across Africa and...

Polaris Bank Chairman Charges New Chartered Bankers on Ethics and Professionalism

Chairman of Polaris Bank, Dr. Kassim Gidado, has urged newly inducted banking professionals to remain steadfast in their commitment to integrity, ethical conduct and...

Currency Outside Banks, Currency in Circulation Decline by 3.66%, 0.03%

Currency outside the banking system and total currency in circulation recorded marginal declines in January 2026, reflecting a moderation in cash demand after the...

Access Bank’s Acquisition of South Africa’s Bidvest Bank Falls Through Due to Regulatory Hurdles

Access Bank Plc’s move to acquire South Africa’s Bidvest Bank has hit the rocks due to regulatory hurdles.It was gathered that Access Bank had...

Access Bank’s bid for South African bank collapses

Access Holdings Plc has confirmed that its banking subsidiary, Access Bank Plc, has failed to complete its proposed acquisition of a 100 per cent...

Access Bank to Drive Africa’s Trade Ambitions

Access Bank Plc has announced plans to host the second edition of the Africa Trade Conference (ATC 2026), a high-level strategic convening designed to...

Tax committee engages stakeholders on new laws

The National Tax Policy Implementation Committee has sustained its stakeholder engagement programme, holding a high-level consultative session with leading tax advisory firms, professional bodies,...

2026 World Bank outlook: NESG puts Nigeria’s growth at 9.9 percent

Nigeria’s economic outlook for 2026 is something to cheer about if the projections by the World Bank and the Nigerian Economic Summit Group (NESG)...

CBN pursues growth, tames inflation through reforms

Nigeria’s economy is exhibiting early signs of stabilisation, with the Central Bank of Nigeria projecting stronger growth and easing inflation for 2026. The apex...

Nigeria raises capital requirements in sweeping securities industry reform

ABUJA, Jan 16 (Reuters) - Nigeria's markets regulator has sharply raised capital requirements across the securities industry, tripling the minimum for brokers and imposing...

Nigeria-China Ties Deepen on Shared Interests, Respect, Says Tegbe

Nigeria has reaffirmed its commitment to strengthening relations with China, reflecting positively on the progress made in 2025.This followed the elevation of bilateral ties...

Economists back IMF warning on reform sustainability

Economic experts have backed the International Monetary Fund’s cautionary stance on Nigeria’s reform agenda, urging the Federal Government to sustain ongoing economic reforms and...

Standard Chartered accelerates Africa pullback with Botswana sale

Standard Chartered Plc is exploring the sale of its entire stake in Standard Chartered Bank Botswana Limited, raising the prospect of a full exit...

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