Finance

CBN tightens surveillance on banks over terrorism financing

The Central Bank of Nigeria has intensified surveillance on banks and other financial institutions over terrorism financing risks as part of efforts to prevent...

Ecobank partners Verve on N20m youth empowerment grant

Ecobank in partnership with Verve, has rolled out InnovateX 2026, calling on young Nigerians, particularly students, innovators, entrepreneurs, and creatives aged 16 to 25,...

WIOCC secures $300m for Africa’s digital infrastructure expansion

WIOCC Group, a carrier-neutral digital infrastructure platform focused on Africa, has secured a combined $300m investment from Africa Finance Corporation and Vision International Investment...

Investors stake N3.35tn on T-bills at 16.84% yield

The Central Bank of Nigeria has lowered the stop rate on the one-year Nigerian treasury bill to 16.84 per cent, extending the recent decline...

FG eyes emerging market status after FTSE upgrade

The Federal Government has set its sights on advancing Nigeria’s capital market to Emerging Market status following confirmation from global index provider FTSE Russell...

UBA strengthens workforce with 374 graduate inductees

Africa’s Global Bank, United Bank for Africa Plc, has graduated and inducted 374 young professionals into its workforce, marking the completion of Cohort 21...

CBN urged to expand oversight of fintech, cloud risks

The Central Bank of Nigeria has been urged to expand its oversight of financial institutions to cover risks from cloud providers, telecom networks, fintechs...

FG’s infrastructure spending hits N6.47tn, highways dominate

The Federal Government spent N6.47 trillion on strategic infrastructure development between June 2023 and December 2025, with major highway projects accounting for more than...

FCMB raises instant loan limit amid credit demand

First City Monument Bank has increased the limit on its FastCash instant loan to N500,000, giving eligible customers access to more funds for unexpected...

Investors show strong appetite for BOI’s N250bn bond

Investors have shown strong appetite for long-term domestic assets as the Bank of Industry Limited successfully closed its maiden N250bn Series 1 Fixed Rate...

GTCO interest income surges 506% as dollar limit doubles

Guaranty Trust Holding Company Plc has seen its interest income surge more than sixfold since the COVID-19 pandemic, while its banking subsidiary, Guaranty Trust...

Nigeria’s high debt service draining social infrastructure spending, AfDB warns

Nigeria’s debt burden is increasingly competing with spending on critical social sectors, with interest payments on public debt rivalling or exceeding public health expenditure,...

Fintech boom drives push for local stock ownership

Nigeria is pushing to give local investors a greater stake in the country’s fast-growing fintech industry as companies such as OPay and PalmPay consider...

CBN shelves N700bn T-bills auction amid liquidity squeeze

The Central Bank of Nigeria has cancelled the planned N700bn treasury bills auction for 5 August 2026, following a sharp tightening of liquidity after...

FCMB commits N20bn to boost healthcare financing

FCMB has committed N20bn to finance private healthcare businesses in Nigeria as part of efforts to improve access to long-term capital for operators across...

AfCFTA signs $3.1bn customs modernisation deal across Africa

The African Continental Free Trade Area Secretariat on Thursday said it has signed “a 20-year, $3.1bn concession agreement with Bergmans Security Consultants and Supplies...

Coronation opens N20bn infrastructure fund offer for investors

Coronation Asset Management Limited has opened the Series II Issuance of up to N20bn under the N200bn Coronation Infrastructure Fund Shelf Programme, providing qualified...

Ecobank unveils new platform to empower African entrepreneurs

Ecobank Nigeria has launched ‘Scaling Up!!!’, a flagship business storytelling podcast designed to inspire, educate, and empower entrepreneurs, founders, and the next generation of...

Sterling HoldCo grows profit 20% amid loan loss provisions

Sterling Financial Holdings Company Plc increased its profit after tax by 20.4 per cent to N50.30bn in the first half of 2026, despite a...

Global tensions shape CBN’s monetary policy

The Central Bank of Nigeria’s monetary policy is increasingly being shaped by global geopolitical tensions, as the Middle East crisis complicates inflation management, delays...

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