Chelsea Faces Massive Financial Loss After Missing UCL
Chelsea's failure to qualify for the UEFA Champions League will cost them over £100 million, impacting transfer plans and sponsorship deals.
Category : Banking
Signature Bank 2025 Profit Hits ₦3.59 Billion
Signature Bank reports strong 2025 performance with profit after tax rising to ₦3.59bn, gross earnings up 94.5%, and improved cost-to-income ratio.
CBN Injects N9.71 Trillion, Naira Gains N19.67 in April
The naira appreciated 1.42% in April 2026 as CBN issued N9.71 trillion in OMO bills to stabilize the FX market and curb inflation.
Domestic Investors Boost Stock Market to N1.8 Trillion
Domestic investors' participation in Nigerian stock market rose to N1.8 trillion in April 2026, up 3.35% from March, driven by retail and institutional activity.
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MTN, SMEDAN Expand mySMEville to Address $158b Gap
MTN and SMEDAN expand mySMEville platform to bridge Nigeria's $158 billion MSME financing gap, targeting 5 million businesses with funding and digital tools.
FCCPC Suspends Digital Lending Rules, Telcos Resume Loans
FCCPC halts enforcement of 2025 digital lending regulations after court order, allowing MTN, Airtel, and others to resume airtime and data lending services for millions of Nigerians.
Retail Investors Seek Dangote Refinery IPO Allocation
Nigerian retail shareholders call for dedicated IPO allocation at Dangote Refinery, warning against institutional dominance and urging SEC and NGX to ensure public participation.
152,000 Retirees to Get Free Healthcare Under Annuity Scheme
The Federal Government plans to extend free healthcare to 152,000 retirees under the retiree life annuity scheme, enhancing social protection for pensioners.
Naira Weakens to N1,375.5/$ as Reserves Hit $48.72b
Naira depreciates 0.32% to N1,375.46/$ despite external reserves rising to $48.72bn. Parallel market also weakens. Analysts expect continued pressure.
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Insurer Paid N7 Billion Claims in 2025
Nigerians received over N7 billion in claims from emPLE in 2025, covering life and general insurance, amid economic pressures. CEO reaffirms commitment to policyholders.
CBN New BVN Rules: Group Warns of Bank Access Loss
Digicivic Initiative warns that CBN's new BVN phone number rules could lock out rural dwellers, students, and low-income Nigerians from bank accounts, urging a flexible policy.
USSD Glitches Hit Nigerian Banks Over New Airtime Rule
Millions of Nigerians face USSD banking disruptions due to a new airtime requirement and stricter fraud measures, causing transaction failures and frustration.
Official Customer Care Lines for Nigerian Banks and Fintechs 2026
Access verified customer care numbers for Nigerian banks and fintechs in 2026. Avoid scams and protect your finances with official contacts.
Afreximbank Q1 2026 Profit Hits $268.9m on Resilience
Afreximbank reports Q1 2026 profit of $268.9 million, up from $215.4 million in 2025, driven by disciplined balance sheet management and strong deal execution.
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BMONI, Mastercard Launch Instant Cards in Nigeria
BMONI and Mastercard collaborate to introduce instant virtual and physical cards in Nigeria, enabling seamless local and cross-border transactions for consumers.
EEDC Launches SuperEdge Integrated Billing System
EEDC completes SuperEdge billing system integration, enhancing prepaid and postpaid services with QR code authentication, SMS payments, and self-service features.
GTBank Caps Naira Debit Card Spending at $20,000 Quarterly
Guaranty Trust Bank sets a $20,000 quarterly limit on international transactions via naira debit cards, with an exchange rate of N1,381 per dollar, reflecting Nigeria's volatile FX market.
Accion MfB Marks 20 Years of Impact and Empowerment
Accion Microfinance Bank celebrated its 20th anniversary in Lagos, reflecting on two decades of empowering entrepreneurs, reducing poverty, and transforming communities across Nigeria.
Discovery Health Rebrands Vitality to Global Health Solutions
Discovery Health rebrands Vitality Health International (Africa) to Discovery Health - Global Health Solutions, expanding healthcare offerings for employers across Nigeria and Africa.
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Festus Asikhia: Leadership Beyond Business Through Learning
Festus Uwakhemen Asikhia's journey reflects leadership beyond business success, emphasizing continuous learning, governance, and societal impact.
CBN Invites Bids for Construction, Consultancy Projects in 2026
The Central Bank of Nigeria calls for Expressions of Interest from contractors and consultants for 2026 projects covering construction, ICT, consultancy, and security upgrades.
VFD Group Heads into 2025 AGM with Strong Investor Momentum
VFD Group Plc gears up for its 2025 AGM in Lagos on May 25, 2026, with shareholders expecting dividends and robust financial results amid Nigeria's challenging economy.
CBN: Five Banks Yet to Meet Recap Target to Continue Operations
The CBN has assured that five banks yet to meet recapitalisation targets will continue operations normally, as 33 banks successfully comply, boosting investor confidence.
Meta Injects $820m into Nigerian Economy, Boosts 81% Businesses
Meta has injected $820 million into Nigeria's economy, with 81% of businesses gaining customers via its platforms, according to a new report.
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BUA Cement Blames Competition for High Cement Prices
BUA Cement attributes rising cement costs to intensified competition from a new player and acquisition, while reporting N1.2 trillion revenue in 2025.
FG proposes Cooperative Bank for housing delivery
The Federal Government plans to establish a Cooperative Bank of Nigeria to finance housing projects, owned by cooperatives, with 65% equity for societies.
FCCPC Licensing Under Court Orders Sparks Credibility Questions
Analysis of FCCPC licensing five airtime credit firms while under court injunction, questioning regulatory process and investor confidence in Nigeria.
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Otedola Commits $100 Million to Dangote Refinery
Billionaire Femi Otedola announces readiness to invest $100 million in Dangote Refinery's private placement ahead of its September 2026 IPO.
S&P Upgrades Seven Nigerian Banks on Reforms
S&P Global Ratings upgraded seven Nigerian banks to 'B' with stable outlooks, citing economic reforms and recapitalisation. Return on equity projected at 20-23% by 2026.
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Man Abandons N1k in PiggyVest, Finds Over N4k After 5 Years
A Nigerian man who left N1k in his PiggyVest account in 2020 was shocked to find over N4,205.98 in 2026, highlighting the power of compound interest.
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