Nigeria News

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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