Banks' Finance Sector Credit Hits N9.8trn in March
Banks' credit to Nigeria's finance sector rose to N9.8 trillion in March 2026, up from N8.1 trillion in February, according to the CBN's latest data.
Category : Business
Nigeria Loses Global Stock Crown; Ghana, South Korea Leap Ahead
Nigeria slipped to third in global stock market rankings as South Korea reclaimed top spot with 68.52% gains, Ghana second at 66.68%, Nigeria third at 65.23%.
NGX Loses N544.5bn as First Holdco, Fidelity Bank Lead Profit Taking
The Nigerian Exchange (NGX) lost N544.5 billion in market capitalization on Wednesday as investors sold shares of First Holdco and Fidelity Bank, among others, amid profit taking.
Nigerian Banks Shut 229 Branches in One Year, CBN Data Shows
Nigeria's banks closed 229 branches and cash centres in one year, with Ebonyi losing 89 locations, as digital banking adoption accelerates, according to CBN data.
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Galatasaray to Match Osimhen's Salary for Fernandes
Galatasaray insider Emre Kaplan says the Turkish champions will offer Bruno Fernandes a salary equal to Victor Osimhen's, plus any transfer fee, as they pursue the Manchester United captain.
UAE Sets AED 20 Financial Security Deposit for Foreigners' Residency
The UAE has set the financial security deposit for foreigners' residency permits at AED 20 (about N7,346), as published on its official website, clarifying a key cost for applicants.
Miskay Redeems N824.2m Commercial Paper, Boosts Market Record
Miskay strengthens its capital market track record with full redemption of its N824.2 million commercial paper, demonstrating financial discipline and enhancing investor confidence.
Regulation, Tech, Data Reshape Nigeria Capital Markets
Nigeria's capital markets are being transformed by new regulations, technology, and data analytics, according to a Nairametrics report, which highlights how these forces are creating a more efficient and transparent investment landscape.
Investment Income Drives Insurance H1 2026 Profits
In H1 2026, Nigeria's insurance sector profits were driven by investment income, not core underwriting, according to Nairalytics data.
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FMDO Turnover Hits N426.51trn in Seven Months on OMO, FX
FMDO securities turnover surged to N426.51 trillion in seven months, driven by OMO and FX activities, according to FMDQ data.
FG Shares New Cement Prices in Nigeria, Compares With Kenya and Tanzania
FCCPC investigation reveals Nigerian cement prices hit N15,000 per 50kg bag, far above Kenya's N7,344 and Tanzania's N6,528, prompting summons to producers.
Murray-Bruce Urges Tinubu to Appoint 'Mad Men' for Oil
Ben Murray-Bruce calls on President Tinubu to appoint result-driven officials to lead Nigeria's petroleum sector, citing Cardoso and Ribadu as examples.
NAFEM Turnover Hits $1.41bn, Highest in Five Weeks
NAFEM turnover surged to $1.41 billion in five weeks, the highest since July, driven by increased dollar supply, according to FMDQ data.
Cement Price Review: Dangote, BUA, Others Face FCCPC Probe
FCCPC's three-month probe finds possible cement price manipulation despite excess capacity; prices hit N15,000 per bag by July.
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Dangote Refinery Secures $1bn Underwriting Ahead of IPO
Dangote Refinery has secured a $1 billion underwriting programme from a consortium of banks, a key step toward its planned IPO, according to sources.
Standard Bank Eyes OPay Stake Ahead of $4B IPO
Standard Bank is in talks to acquire a stake in African fintech OPay ahead of its planned $4 billion IPO, according to sources familiar with the matter.
Jobberman, Mastercard Foundation welcome 500+ to Phase 2
Over 500 young professionals begin 12-month placements under Phase 2 of the Mastercard Foundation Associates Program, following a Jobberman onboarding in Lagos.
Top 5 Budget-Friendly Lagos Neighbourhoods for Affordable Rent
Discover the top 5 Lagos neighbourhoods offering affordable rent in 2026, with self-contained apartments from ₦200,000 and two-bedroom flats from ₦600,000 annually.
World Bank invests $25m in Jumia: How Nigerian businesses can get funding
The World Bank's IFC invested $25 million in Jumia to boost digital commerce in Africa. Here's how Nigerian businesses can position themselves for similar funding opportunities.
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Fortuna Capital Aims to Redefine Wealth Management in Nigeria
Fortuna Capital Limited launches a new wealth management strategy in Nigeria, targeting high-net-worth individuals and institutions with tailored solutions.
US Lifts 12-Year Security Restriction on Nigerian Vessels
The United States has lifted a 12-year security restriction that barred Nigerian vessels from entering US ports, a move expected to boost maritime trade and enhance bilateral relations.
Nigeria's N5tn Football Economy Built for Foreign Giants
Nigeria's football economy is projected to hit N5 trillion, but local investors are sidelined as foreign firms dominate, according to a new report.
Dangote Refinery Cuts Cooking Gas Price by N165/kg in 24 Hours
Dangote Refinery reduces LPG price from N950 to N935 per kg, a N15 cut, bringing total monthly reduction to N165, triggering depot price cuts.
NYSC Members Can Become CNG Billionaires as NADDC Launches Free Training
NADDC launches free CNG retrofitting training for NYSC members in Lagos, aiming to develop skilled technicians and entrepreneurs in Nigeria's clean mobility sector.
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10 Nigerian States With Highest Inflation in July 2026
Nigeria's headline inflation fell to 15.43% in July 2026, but Adamawa led with 33.0%, as food inflation surged to 51.4%, per NBS data.
Access Holdings Gets NGX Approval to Delay H1 Results to Sept 30
Access Holdings has secured NGX approval to release its H1 2026 audited results by September 30, extending the original deadline to allow for completion of its audit process.
Dangote Refinery Gets $400m Ahead of Planned $5bn IPO
Dangote Refinery secured a $400 million investment commitment ahead of a planned $5 billion IPO, according to reports. The funding will support expansion and listing preparations.
Dangote Refinery Expands Free Petrol Delivery to 4 More States
Dangote Refinery expands free petrol delivery to Kano, Imo, Anambra, Nasarawa, bringing total coverage to 10 states. Marketers buy at N1,165/litre with 10-day credit.
US Bond Yields Hit 20-Year High, Pressure Naira, Stocks
US 10-year Treasury yields reached a 20-year peak, strengthening the dollar and putting the naira and Nigerian equities under renewed pressure, with the currency trading near N800/$.
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Naira Hits Five-Month High at N1,349 as CBN Rule Boosts FX
The naira climbed to a five-month high of N1,349.54 per dollar on August 17, 2026, as CBN's SLF policy change boosted FX turnover by 265.86% to $437.53 million.
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