News Update

Nigeria Secures Strategic European Investments of $100 million for Project BRIDGE

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, on Wednesday announced fresh international funding commitments for Project BRIDGE, confirming new investments from the European Bank for Reconstruction and Development (EBRD) and the European Union Nigeria has achieved a landmark milestone in its digital transformation journey, securing major investments from European partners to accelerate Project …

Nigeria Secures Strategic European Investments of $100 million for Project BRIDGE Read More »

Naira breaks N1,400 barrier at N1,396.99/$1

The Nigerian naira has strengthened beyond the key ₦1,400 psychological threshold, closing at ₦1,396.99 per U.S. dollar on the official foreign exchange market. This marks a notable appreciation and signals renewed momentum for the local currency after months of sustained pressure. Market data from the Central Bank of Nigeria showed that the naira gained marginally …

Naira breaks N1,400 barrier at N1,396.99/$1 Read More »

DMO launches January 2026 FGN Savings Bond offer with double-digit yields

The Debt Management Office (DMO) has commenced subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors access to government-backed securities with interest rates reaching 15.396% per annum. The offer, announced on Monday, forms part of the Federal Government’s ongoing domestic borrowing programme and reflects efforts to mobilise long-term funds from …

DMO launches January 2026 FGN Savings Bond offer with double-digit yields 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 »

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 »

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 »

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 »

Scroll to Top