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First Bank of Nigeria Limited has thrown its weight behind history in the making as it partners with the organisers of the maiden E1 Lagos GP, an all-electric powerboat racing championship set to hold in Lagos from October 3 to 5, 2025. The announcement was made during the E1 Lagos GP Stakeholder Immersion Session in Lagos, where key industry ...
MTN Nigeria Communications Plc is set to enter into a lease agreement with T2 Mobile Limited, formerly 9Mobile for a spectrum. The leading telecommunications company made this known in a corporate disclosure to the Nigerian Exchange Limited (NGX) following approval granted by the Nigerian Communications Commission (NCC). According to the notice, effective October 1, 2025, MTN will ...
The Nigerian Exchange (NGX) closed positive on Wednesday, with investors recording a N310 billion gain following renewed bargain hunting in select stocks. The market capitalisation rose from N89.555 trillion to N89.865 trillion, while the All-Share Index appreciated by 489.45 points or 0.35 per cent to settle at 142,036.23 from 141,546.78 recorded at the previous session. ...
Fidelity Bank Plc, has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified SMES with a strategic focus on empowering women-owned businesses across the country. The FGN MSME Intervention Fund is designed to provide accessible financing to micro, small, and medium enterprises ...
By Seun Ibiyemi United Bank for Africa (UBA) Plc is set to make history at the 80th United Nations General Assembly (UNGA) by unveiling a landmark whitepaper designed to chart a new course for Africa’s economic transformation. The high-level event, scheduled between September 15 and September 25, 2025, in New York, will bring together world ...
Stories by Seun Ibiyemi The Nigerian equities market began the week on a bullish note on Monday, September 15, 2025, with investors raking in N704 billion after five hours of trading on the floor of the Nigerian Exchange Group (NGX). The positive momentum was driven largely by price gains in LivingTrust Mortgage Bank, E-Tranzact Nigeria, ...
This move was announced by the Director-General of the SEC, Dr. Emomotimi Agama, during a recent investors' roundtable on the International Sustainability Standards Board (ISSB) framework. Dr. Agama stated that while the ISSB framework is highly commendable, Nigeria will not adopt it wholesale. Instead, the SEC will pursue a tailored approach that aligns with local ...
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has ordered the Nigeria Customs Service (NCS) to suspend the 4% Free on Board (FOB) levy levied on imported goods. The Minister issued this directive in a circular signed by the Permanent Secretary, Special Duties of the Ministry yesterday. According to the circular, ...
Nigeria’s headline inflation rate eased to 20.12 per cent in August 2025, a decline from 21.88 per cent recorded in July 2025. This is according to the latest figures released on Monday by the National Bureau of Statistics (NBS). On a month-on-month basis, the headline inflation stood at 0.74 per cent in August, reflecting a ...
Afri Invoice, a leading digital invoicing platform, has announced a strategic partnership with Kuda Bank to empower Nigerian entrepreneurs and Small and Medium Enterprises (SMEs) with innovative tools that simplify financial operations and drive sustainable growth. Afri Invoice Chief Executive Officer, Mr. Mark Odenore, disclosed this in a statement on Monday in Lagos. He said ...
By Olakunle Oke The Chartered Institute of Directors (CIoD) has formally performed the investiture of Otunba. Adetunji Oyebanji as the 19th President of the Chartered Institute of Directors (CIoD) Nigeria. The event held last week in Lagos with legal scholar and governance expert, Professor Fabian Ajogwu, OFR, SAN, delivered a stirring keynote address on “Leadership, Legacy, and ...
As financial institutions scramble to meet new capital requirements, the first half of 2025 has witnessed Banks raise over N2.5 trillion in fresh capital through various means, including rights issues and private placements. This is according to figures reported in the 20th Nigeria Banking Sector Report 2025, titled “ACT-BOLD: Beyond a Trillion Dollar Economy” by Afrinvest ...
The United Bank for Africa (UBA) Plc has pledged USD 150 million (KES 20.5 billion) to the Government of Kenya’s Roads Levy Securitization Program. This was announced during the UBA high powered delegation to Kenya led by the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba. The delegation paid a working visit ...
Leading financial institution, Fidelity Bank Plc, has extended its flagship Corporate Social Responsibility (CSR) programme, the Fidelity Food Bank Initiative, to Anambra State, providing essential food supplies to more than 2,000 vulnerable residents in Awka. The two-day outreach, held at St. Patrick’s Cathedral (Catholic Diocese of Awka) and Emmaus House (Anglican Diocese of Awka), targeted ...
The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its Monetary Policy Committee (MPC) will be held on September 22 and 23, 2025, at its headquarters in Abuja. According to a notice published on the Bank’s website, the meeting will open at 10:00 a.m. on Monday, September 22, and continue on ...
First City Monument Bank (FCMB) Group Plc has projected a profit after tax (PAT) of N58.8 billion for the fourth quarter of 2025, according to its latest earnings forecast filed with the Nigerian Exchange (NGX). If achieved, the projection would bring the lender’s full-year profit to N171.5 billion—more than double the N73 billion it reported ...
The Nigerian naira strengthened further in the parallel market on Monday, appreciating to N1,527 per US dollar, its highest level in more than a month. Data compiled by Nairametrics showed that the latest rate represents an improvement from Friday’s close of N1,530.96/$1 and marks the best performance of the local currency since 25 July 2025, ...
Union Bank of Nigeria Plc is preparing to commence the search for a new core investor following the completion of its long-awaited merger with TitanTrust Bank Limited, a development that signals a fresh chapter for the 107-year-old institution. The bank confirmed that it had secured final regulatory approval from the Central Bank of Nigeria (CBN), ...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has forecast a potential decline in interest rates, pointing to easing inflation and more efficient capital allocation as factors that could drive a more stable lending environment. Speaking at the European Business Chamber (Eurocham Nigeria) C-Level Forum in Lagos, Cardoso noted that prevailing commercial lending ...
Nigeria’s equities market began the new trading week on a bullish trend, advancing by 0.30 percent at the close of trading on Monday, as renewed buying interest in select stocks lifted overall performance. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) climbed to 139,394.75 points, while market capitalisation rose to N88.199 trillion. The upturn was ...
Providus Bank has been recognised as one of Nigeria’s best workplaces in the banking sector for 2025, according to a new report by Great Place to Work (GPTW), the global authority on workplace culture. The honour reflects the bank’s dedication to building a positive, supportive environment for its workforce and strengthening employee trust, a factor ...
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has called for robust regulatory frameworks to govern Nigeria’s cryptocurrency sector, warning that without clear rules the space could become a safe haven for fraud and money laundering. Speaking on Wednesday, September 3, 2025, during a courtesy visit by the Stakeholders ...
The Nigerian Naira opened September 2025 on strong footing, sustaining the upward momentum recorded in late August across both the official and parallel foreign exchange markets. The continued appreciation is viewed by market participants as a sign of improved liquidity and shifting investor sentiment, offering a boost to confidence in the capital market. Data for ...
