Akinrinde Dorcas

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 »

NGX Group Declares N1.00 Interim Dividend, Reaffirms Commitment to Shareholder Value

The Nigerian Exchange Group Plc (NGX Group or the Group) has announced the declaration of an interim dividend of N1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended 30 September 2025, at the meeting of its Board of Directors. According to a statement …

NGX Group Declares N1.00 Interim Dividend, Reaffirms Commitment to Shareholder Value Read More »

Nigeria Loses N316 Billion to Ponzi Schemes — SEC Warns Against Greed and Ignorance

Abuja, Nigeria — The Securities and Exchange Commission (SEC) has revealed that Nigerians have lost an estimated three hundred and sixteen billion naira to Ponzi schemes and illegal fund managers over the years, describing the situation as a growing threat to investor confidence and financial stability. Speaking at a journalists’ academy in Abuja, the Head …

Nigeria Loses N316 Billion to Ponzi Schemes — SEC Warns Against Greed and Ignorance Read More »

Nigerian banks record 213 million social ad impressions in Q3 2025

Nigerian banks collectively recorded over 213 million social media ad impressions in the third quarter of 2025, underscoring the sector’s increasing shift towards digital marketing and online customer engagement. According to data from digital marketing analytics firm Adlytics Africa, the banking sector’s online advertising footprint surged by 18% compared to the previous quarter, as more financial …

Nigerian banks record 213 million social ad impressions in Q3 2025 Read More »

FirstBank demonstrates effective assets and liability management with Eurobond Redemption

FirstBank of Nigeria Limited has once again proven its reputation for strong financial discipline and sound balance sheet management through the successful redemption of its $350 million (three hundred and fifty million United States dollars) Eurobond at maturity on October 27, 2025. The Eurobond, originally issued in 2020 with a coupon rate of 8.625 percent …

FirstBank demonstrates effective assets and liability management with Eurobond Redemption Read More »

Foreign Portfolio Inflows Into Nigeria’s Stock Market Jump 846% to Over ₦1 Trillion

Foreign portfolio inflows into Nigeria’s stock market have surged dramatically, rising by an unprecedented 846 percent to over ₦1 trillion, signaling renewed confidence in the country’s equities market and broader economy. According to the latest data from the Nigerian Exchange Limited (NGX), total foreign inflows reached ₦1.03 trillion as of September 2025, compared to ₦108.93 …

Foreign Portfolio Inflows Into Nigeria’s Stock Market Jump 846% to Over ₦1 Trillion Read More »

China’s $450 Million Steel Investment Signals a New Era for Nigeria’s Industrial Growth

Nigeria’s industrial landscape is witnessing a defining moment as China’s Stellar Steel Group, in partnership with Inner Galaxy Group, announces a four hundred and fifty million dollar investment for the construction of a modern steel manufacturing plant in Ogun State. The project, which is expected to begin operations by mid-2026, represents a major step toward …

China’s $450 Million Steel Investment Signals a New Era for Nigeria’s Industrial Growth Read More »

Scroll to Top