Dangote Explains London Over Dubai for Cement Listing
Aliko Dangote reveals why his cement company chose London for its IPO over Dubai, citing investor depth and regulatory familiarity.
Category : Banking
SK chairman faces $1 billion divorce payout over affair child
South Korean billionaire Chey Tae-won may be ordered to pay his ex-wife nearly $1 billion in a divorce settlement after having a child with another woman. The court ruling is expected on July 24.
Mobile Money Infrastructure Behind Betpawa Instant Bonus
Betpawa's instant locker room bonus relies on a robust mobile money infrastructure, processing millions of transactions daily across Nigeria.
FG Launches YouthCred Loan: Up to N5 Million for Youth
CREDICORP launches YouthCred with three loan products for NYSC, salaried workers, and entrepreneurs aged 18-39, offering up to N5 million without collateral.
Nigerian Banks Start 7.5% VAT on ATM Card Fees, NRS Clarifies
Nigerian banks and fintechs have begun deducting 7.5% VAT on ATM card issuance and maintenance fees. The Nigerian Revenue Service clarifies this is not a new tax but enforcement of existing VAT rules on service fees only.
Airtel Africa Reports $360M Pre-Tax Profit in Q1 2026
Airtel Africa Plc announced a pre-tax profit of $360 million for Q1 2026, driven by strong revenue growth across its mobile services and data segments.
CREDICORP C.L.I.C.K.D. N1m Loan: Apply for Laptops, Phones
CREDICORP opens applications for C.L.I.C.K.D. initiative, offering Nigerians affordable credit for laptops, smartphones, tablets, and connectivity devices with flexible repayment.
Cornerstone Insurance Shareholders Approve N5.09bn Dividend
Shareholders of Cornerstone Insurance Plc approved a total dividend of N5.09 billion for the 2025 financial year at the company's 34th Annual General Meeting.
Senate passes bill to rename NAICOM to Insurance Regulatory Commission
The Nigerian Senate passed a bill on Tuesday to rename NAICOM as the Insurance Regulatory Commission, introducing tougher enforcement measures and expanded oversight.
CBN Governor: Lower Naira Scarcity Due to Declining Demand
CBN Governor Olayemi Cardoso says lower naira denominations are scarce due to falling demand, not withdrawal, as Nigeria shifts to digital payments.
FCMB Book Now Fly Later: Up to ₦10m for Air Travel
FCMB launches Book Now Fly Later, offering up to ₦10 million in travel credit for customers to book flights and pay later in installments.
Unilever Nigeria Posts N29.2bn H1 Profit, Declares Dividend
Unilever Nigeria Plc reported a pre-tax profit of N29.2 billion for H1 2026, up 45% year-on-year, and declared an interim dividend of N2.00 per share.
First HoldCo Tops Nigeria's Most Valuable Banks List
First HoldCo Plc has overtaken Zenith Bank to become Nigeria's most valuable listed bank with a market cap of N4.80 trillion, driven by strong half-year earnings and investor confidence.
Unilever Nigeria Posts N119.9bn Revenue, Declares Dividend
Unilever Nigeria sustained revenue and profit growth, reporting N119.9bn revenue for H1 2026 and declaring an interim dividend of N0.50 per share.
CBN Retains Interest Rate at 26.5% (21.07.2026)
The Central Bank of Nigeria's MPC voted to hold the monetary policy rate at 26.5%, citing persistent inflation and economic uncertainties.
US Lists 4 Ways Abuse Victims Can Apply for Green Card
USCIS published official guidelines detailing how abuse victims—spouses, children, and parents—can qualify for a Green Card under VAWA, SIJ, Cuban Adjustment, and HRIFA pathways.
US Green Card Requirements for Religious Workers and Ministers
USCIS has published eligibility requirements for religious workers seeking a Green Card. Applicants must meet continuous membership and work conditions before filing Form I-360.
US Green Card Progress for Family Visa Categories
The US State Department's August 2026 Visa Bulletin advances family-sponsored green card categories, with F2A spouses and children seeing the biggest gain, but employment visas remain backlogged.
US Green Card: 5 Categories of Special Immigrants Eligible
USCIS outlines five groups eligible for special immigrant green cards: religious workers, vulnerable juveniles, Afghan/Iraqi nationals, international broadcasters, and retired international organization employees.
Top 10 Bank Apps in Nigeria by Downloads July 2026
In July 2026, Nigeria's bank apps saw over 15 million downloads. Opay led with 2.5 million, followed by PalmPay and Kuda. The list highlights the growing digital banking adoption in the country.
Emple Nigeria 5-Year Plan to Top Five Insurers
Emple Nigeria launches a 5-year strategic plan aiming to become one of the country's top five insurers by 2030, targeting N50 billion gross premium.
Coronation Merchant Bank names Obeahon Ohiwerei MD/CEO
Coronation Merchant Bank appoints Obeahon Ohiwerei as MD/CEO after CBN approval, succeeding Paul Abiagam, as the bank marks a decade of growth.
Court Upholds FCCPC Powers on Digital Lending Regulations
A Nigerian court has upheld the FCCPC's authority to regulate digital lenders, enabling enforcement of consumer protection rules in the lending sector.
First HoldCo posts record N653.5 billion H1 profit, shares jump 10%
First HoldCo Plc reported a pre-tax profit of ₦653.54 billion for H1 2026, an 83.50% increase YoY. Shares rose 10% on the results, driven by stronger non-interest income and improved asset quality.
Coronation Merchant Bank Leadership Transition for Growth
Coronation Merchant Bank announces a strategic leadership transition, appointing new executives to build on strong foundations and drive long-term growth.
Herbert Wigwe's Worst Experience as Access Bank CEO
Herbert Wigwe recalled his darkest moment as Access Bank CEO: a $35m bad loan to African Petroleum Plc that forced him and co-founder Aig-Imoukhuede to sell personal assets in 10 days to save the bank.
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WASPAN vs FCCPC: Digital Lending Regulations in Court
The Federal High Court in Lagos will deliver a landmark judgment on Monday, July 20, 2026, in a case challenging the FCCPC's DEON Regulations 2025, impacting 40 million subscribers.
CBN issues new BDC forex purchase guidelines with electronic tracker
The Central Bank of Nigeria has released detailed guidelines for BDC operators to purchase forex via the NFEM, introducing an electronic tracking portal and strict compliance rules.
Iron Capital Wins Nigeria's Best Investment Bank at Euromoney 2026
Iron Capital has been named Nigeria's Best Investment Bank for Financing Solutions at the Euromoney Awards for Excellence 2026, recognizing its transformative capital structuring across Africa.
Otedola's First HoldCo Stake Tops $530m on Record Share High
Femi Otedola's 20.42% stake in First HoldCo is now worth about $530 million after shares surged 9.98% to a record N79.35, driven by strong earnings and investor confidence.
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