NGX Gains ₦288bn As Eterna, Caverton Drive Monday Rally
Investors gained ₦288 billion as the NGX opened the week higher, with the All-Share Index climbing 446.85 basis points.
Eterna and Caverton rallied...
Mobile Money Transactions Jump 81% to N372tn as Digital Payments Accelerate – CBN
Mobile money transactions rose 81.3 percent to N372.14 trillion in 2025, while transaction volume climbed 65.8 percent to 28.74 billion, according to the...
FirstHoldCo Becomes First Nigerian Bank to Cross N6tn Market Value
FirstHoldCo becomes the first Nigerian banking group to cross a N6 trillion market value.
The company's valuation climbed to about N6.21 trillion after...
Local Refineries Supply 79% of Nigeria’s Petrol in H1 as Imports Slump
Local refineries supplied 78.6 percent of Nigeria's petrol demand in the first half of 2026, up from 38.9 percent in 2025, while imports...
Nigeria’s Mobile Money Economy Added ₦167tn in One Year as Digital Payments Hit New...
Transaction volume rose to 28.74 billion as more Nigerians embraced digital wallets and agent banking.
Cheque usage continued its sharp decline while retail...
FG Considers Dollar Swap for Dangote’s Naira Petrol Sales
The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand...
Civil Servants Give Finance Minister August 11 Deadline Over Unpaid Wages, Allowances
Federal civil servants have given Finance Minister Taiwo Oyedele until August 11 to resolve outstanding wage awards and the delayed 40 percent peculiar...
Dangote Commits $800m to double Itori Cement Plant Capacity to 12 million Tonnes Annually
Dangote Industries is investing over $800 million to expand the Itori cement plant in Ogun State, doubling production capacity from six million to...
43 Insurers Clear Recapitalisation Hurdle as NAICOM Begins Industry Reset
NAICOM says 43 insurance and reinsurance companies have met Nigeria's new minimum capital requirement.
The Commission says the exercise marks the beginning of...
AI Can Find Borrowers Nigerian Banks Keep Missing — World Bank
World Bank Chief Economist Indermit Gill says AI can help banks and regulators allocate capital more efficiently by improving risk assessment.
He argues...