African Export-Import Bank Group has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical…
Category:
Finance
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A total of N39.86 billion was disbursed to 8,408 Retirement Savings Account (RSA) holders in the first quarter of 2025 as equity…
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The Management of the National Insurance Commission (NAICOM) paid a courtesy visit to the Registrar General of the Corporate Affairs Commission (CAC),…
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The total amount borrowed by private sector players increased by 4% in 12 months, according to data available in Central Bank of…
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The Central Bank of Nigeria (CBN) FX debit gulped the financial system liquidity, with banks borrowing intensity driving the short-term benchmark interest…
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Debt Management Office (DMO) has increased the local bond offering size for August by 100%, reversing the extremely tight supply in the…
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Nigeria’s insurance operators and reinsurance companies have been given a 12-month deadline to comply with significantly higher capital requirements, following the commencement…
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Federal High Court, Abuja Division, has ordered United Bank for Africa to pay ₦30 million in damages for unlawfully restricting a firm’s…
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Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has published its annual Development Impact Report, presenting a comprehensive, data-driven account of…
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Central Bank of Nigeria (CBN) increased the spot rate on Nigerian Treasury billls with 364-day maurity to 16.50%, according to details from…
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Finance
President Tinubu signs Nigerian insurance industry reform bill 2025 to drive financial sector transformation
President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025, a landmark legislation to strengthen Nigeria’s financial sector…
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Finance
Afreximbank signs $1.35bn financing as lead arranger in $4bn syndicated facility to refinance Dangote refinery construction
African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part…
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National Insurance Commission (NAICOM) has officially issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement. The guidelines,…
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Finance
Stakeholders see NCGC as a company on rescue mission to salvage lack of access to credit in Nigerian Economy
Stakeholders have described National Credit Guarantee Company (NCGC) as a company on rescue mission to salvage the lack of access to credit…
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An information technology expert, Jide Awe, has raised concerns about the increasing sophistication of AI-driven cybercrime. Mr Awe, an innovation and technology…