Akinrinde Dorcas

NDIC to pay depositors of Aso Savings, Union Homes up to N2m

The Nigeria Deposit Insurance Corporation has announced the commencement of payment of insured deposits to customers of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria. Depositors of the affected mortgage banks will receive insured deposits of up to …

NDIC to pay depositors of Aso Savings, Union Homes up to N2m Read More »

CBN Revokes Licences of Aso Savings and Union Homes

The Central Bank of Nigeria has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. This regulatory action reinforces the apex bank’s commitment to financial system stability and stronger compliance within Nigeria’s mortgage banking subsector. The decision was taken under the powers granted to the CBN by …

CBN Revokes Licences of Aso Savings and Union Homes Read More »

Nigerian Stock Market Extends Rally as Investors Gain Over N1.5 Trillion

The Nigerian stock market sustained its upward momentum last week, delivering significant gains to investors as total market value increased by over N1.5 trillion. The Nigerian Exchange Limited closed the week higher, deepening its recovery and reversing the weakness recorded in November 2025. The improved performance was driven by renewed buying interest across major blue …

Nigerian Stock Market Extends Rally as Investors Gain Over N1.5 Trillion Read More »

Nigeria’s DMO Returns to Market With ₦460 Billion Bond Offer, Reopening the 2030 and 2032 Benchmarks

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has released its December 2025 bond auction circular, offering fresh opportunities for institutional and private investors seeking secure, long-term sovereign instruments. The announcement marks another step in the government’s ongoing strategy to deepen the domestic debt market and provide credible, high-yield investment …

Nigeria’s DMO Returns to Market With ₦460 Billion Bond Offer, Reopening the 2030 and 2032 Benchmarks Read More »

FG, SEC, NGX Group forge unified direction on Capital Gains Tax reform

The Federal Government of Nigeria has inaugurated the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate shift toward a more predictable and market-aligned rollout of the newly enacted Capital Gains Tax provisions. This move follows extensive technical engagements with key capital-market institutions, including the Securities and Exchange Commission (SEC) and the Nigerian Exchange Group …

FG, SEC, NGX Group forge unified direction on Capital Gains Tax reform Read More »

Central Bank of Nigeria Confirms 82 BDCs Fully Licensed Under Revised Guidelines

The Central Bank of Nigeria has announced the approval of final operating licences for eighty two Bureaux De Change following the completion of compliance checks under the 2024 Regulatory and Supervisory Guidelines for BDC Operations. This development represents a major step in the effort to strengthen transparency and establish a well regulated retail foreign exchange …

Central Bank of Nigeria Confirms 82 BDCs Fully Licensed Under Revised Guidelines Read More »

CBN REVISES CASH-RELATED POLICIES NATIONWIDE

CBN REVISES CASH-RELATED POLICIES NATIONWIDE

The Central Bank of Nigeria released a new directive announcing significant revisions to the country’s cash-related policies. The circular, issued by the Financial Policy and Regulation Department of the CBN, introduces a refreshed framework designed to ease the rising cost of cash management, address growing security concerns, and reduce the systemic risks associated with Nigeria’s …

CBN REVISES CASH-RELATED POLICIES NATIONWIDE Read More »

AfDB Approves $500M Loan for Nigeria’s Energy Transition Programme

The African Development Bank has approved a 500 million dollar loan for Nigeria in a move that strengthens the country’s ongoing economic reform efforts and supports its transition toward a more sustainable energy system. The approval reflects the strong confidence of the Bank in Nigeria’s current policy direction and reform commitments. According to the Bank, …

AfDB Approves $500M Loan for Nigeria’s Energy Transition Programme Read More »

Nigeria Records First Successful Transaction on National Payment Stack

Nigeria has reached a significant milestone in its journey toward modernizing its financial infrastructure as the country successfully completed the first live transaction on the National Payment Stack (NPS). The transaction, which took place on Friday, November 7, 2025, at 11:56 a.m., was executed between PalmPay and Wema Bank under the coordination of the Nigeria …

Nigeria Records First Successful Transaction on National Payment Stack Read More »

Naira and Stocks Dip as Market Reacts to Geopolitical Tension

Nigeria’s financial markets opened the week on a cautious note as the naira and equities recorded mild losses, reflecting investor reactions to renewed geopolitical tension and profit-taking after a strong October rally. The All-Share Index (ASI) of the Nigerian Exchange (NGX) fell by 0.25% to close at 153,739.11 points, resulting in a market capitalization decline …

Naira and Stocks Dip as Market Reacts to Geopolitical Tension Read More »

Scroll to Top