Top Nigerian Money Market Funds by Return as of July 2026
Discover the best-performing money market funds in Nigeria as of July 2026, with top yields exceeding 22%, according to the latest Nairametrics report.
Category : Banking
Canada to Admit 230,000 Foreign Workers in 2026, Nigerians Eligible
Canada plans to admit 230,000 foreign workers in 2026 via TFWP and IMP. New rules allow small businesses to hire more low-wage workers. Nigerians eligible.
Naira Gains 0.84% as FX Turnover Doubles to $4.52 Billion
The naira appreciated 0.84% to N1,346.90/$ at NAFEM on August 21, 2026, as weekly FX turnover surged 107.6% to $4.52 billion, with reserves hitting $52.02 billion.
UBA appoints Ibrahim Puri as non-executive director, subject to CBN nod
UBA has approved the appointment of Ibrahim Puri as a Non-Executive Director, pending CBN approval. The board, led by Tony Elumelu, expressed confidence in his 35+ years of experience.
PENCOM Clarifies 38% Drop in Pension Remittances
PENCOM says the 38% decline in pension contributions in Q1 2026 is due to one-off government payments in 2025, not a systemic issue.
Absa Plans Nigerian Merchant Bank Licence to Challenge Access, UBA
South African lender Absa Group is considering converting its Nigerian office into a merchant bank to rival Access, UBA, and Zenith, targeting Africa's largest economy.
GTCO Gets NGX Approval to Delay H1 2026 Results
Guaranty Trust Holding Company Plc (GTCO) has secured NGX approval to extend the deadline for its H1 2026 audited results to September 30, 2026, subject to regulatory clearance.
UBA Appoints Ibrahim Puri as Non-Executive Director
UBA has appointed Ibrahim Puri as a non-executive director, effective August 20, 2026, bringing extensive financial and governance experience to the board.
FirstBank Roadshow Promotes Pension Settlement Framework
FirstBank of Nigeria Limited has launched a nationwide pensioners' roadshow to educate retirees on the Approved Pension Settlement Framework (APSF), a Central Bank of Nigeria initiative enabling full pension lump sum payments to qualifying pensioners.
Vale Records 10,000% Growth, Customer Transactions Near ₦1 Trillion
Vale, a Nigerian fintech company, recorded 10,000% growth in transaction volume, with customer transactions nearing ₦1 trillion, according to its 2025 annual report.
Canada Lists 5 Requirements for Open Work Permit
Canada extended the open work permit deadline to December 31, 2026, for certain PR applicants. IRCC listed 5 eligibility requirements foreigners must meet to qualify for the permit.
Canada Extends Open Work Permit Deadline for PR Applicants
Canada has extended the open work permit deadline to December 31, 2026, for foreign nationals who applied for permanent residency under the 2021 TR to PR pathway and are still awaiting a decision.
eTranzact Revenue Rises 22.6% to N16.3 Billion in H1 2026
eTranzact International Plc reported a 22.6% revenue increase to N16.3 billion in H1 2026, driven by growth in digital payment services and transaction volumes across Nigeria.
New Zealand Salary Rules for Foreigners Seeking Permanent Residency
New Zealand Immigration has simplified wage rate rules for work-to-residence visa holders from August 24, 2026, eliminating the need to meet higher wage thresholds when changing employers or applying for residence.
Canada Invites 1,000 for Express Entry Permanent Residence Under CEC
Canada invited 1,000 candidates to apply for permanent residence through Express Entry under the Canadian Experience Class on August 18, 2026, with a minimum CRS score of 523 required.
Standard Bank in Talks to Invest in OPay Ahead of US IPO
Standard Bank Group is negotiating with Nigerian fintech OPay before its planned US IPO, which targets a $4 billion valuation in 2026.
Chams Reports N7.7 Billion Revenue from Cards and Biometrics
Chams Holding Company recorded N7.7 billion in revenue from cards and biometrics services in H1 2024, driving a significant profit rise of 1,200% to N1.3 billion.
Zenith Bank Gets NGX Approval for Six-Week Extension
Zenith Bank has secured a six-week extension from the Nigerian Exchange (NGX) to file its H1 2026 financial results, moving the deadline from August 31 to October 12, 2026.
Ontario Excludes Fully Remote Jobs from PNP Eligibility
Ontario has excluded fully remote jobs from eligibility under the Ontario Immigrant Nominee Program (OINP), requiring applicants to work primarily on-site in the province to qualify for Canadian permanent residence.
Canada Invites 1,000 Nigerians for Permanent Residency
Canada issued 1,000 Express Entry invitations on August 18, 2026, targeting Canadian Experience Class candidates with a minimum CRS score of 523, making the draw more selective than the previous round.
Banks' Credit to Finance Sector Hits N9.8 Trillion in March
Banks' credit to Nigeria's finance sector surged to N9.8 trillion in March 2026, marking a 15% increase from N8.5 trillion in December 2025, according to the National Bureau of Statistics.
Opay Adopts AI Data Analysis to Protect Customers Against Fraud
Opay has deployed artificial intelligence and data analysis tools to detect and prevent fraudulent transactions in real time, safeguarding its millions of users across Nigeria.
UNILAG Graduate Lands Bank of America Fixed Income Analyst Job
Priscilla Agada, a UNILAG graduate, joins Bank of America as a Fixed Income Trade Support Analyst after a 2024 internship, sharing her rewarding six-month experience.
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.
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.
DMO Allots N1.56trn FGN Bonds as Demand Hits N1.73trn
The Debt Management Office allotted N1.56 trillion in FGN bonds despite N1.73 trillion subscriptions, lowering rates on all offers. The auction saw strong investor demand across tenors.
Naira Hits N1350/$ Strongest Since April
The naira appreciated to N1350 per dollar, its strongest since April, amid improved dollar supply and CBN reforms.
Otedola buys 147.7m First HoldCo shares, stake hits 27.49%
Femi Otedola, chairman of First HoldCo, acquired 147.7 million shares on Monday, raising his stake to 27.49%, worth N1.65 trillion.
CBN: IMTO Inflows Hit Record $1.29bn in Q1, Up 45%
Nigeria's diaspora remittances via IMTOs hit a record $1.29bn in Q1 2026, a 45% jump year-on-year, according to the CBN.
BOI's N250bn Bond Oversubscribed in 5 Days, MD Credits Tinubu
BOI's maiden ₦250 billion bond closed oversubscribed within five working days, a feat MD/CEO Olasupo Olusi credits to President Tinubu's executive approvals and incentives.
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