TOBA ILORI

Nigeria’s Financial Services sector reinforced its role as the primary liquidity engine of the Nigerian Exchange (NGX) during the first half of 2026, accounting for more than ₦2 trillion in equity transactions. Investors maintained robust…

The Nigerian Exchange Limited (NGX) has rebalanced its market indices following the completion of its half-year 2025 review, with Oando Plc, Transnational Corporation Plc (Transcorp), Unilever Nigeria Plc and NASCON Allied…

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, with Lagos and Kano accounting for the largest number of affected institutions, in a move aimed at strengthening financial…

The Central Bank of Nigeria (CBN) mopped up ₦1.399 billion from the banking system on Tuesday through a fresh Open Market Operations (OMO) bill auction, as investors continued to show strong demand for the apex bank's short-term debt…

FCMB Group Plc anticipates that its United Kingdom subsidiary will return to profitability by 2027, driven by a strategic pivot to transaction banking and the completion of a comprehensive digital transformation programme. FCMB Bank (UK)…

Globus Bank Limited has received an upgrade to its national scale issuer ratings from GCR Ratings, reflecting the lender's stronger capital position, sound asset quality and resilient liquidity profile despite its relatively modest market…

Nigeria's Eurobonds continued to trade steadily in the international debt market, with several sovereign dollar-denominated bonds priced above par and yields remaining below their original issuance levels, reflecting growing investor…

CPPE Warns Senate's PlannedTextile Import Ban Could Cripple ₦10tn Fashion Industry

Standard &Poor (S&P) Global Ratings has raised its inflation forecast for Nigeria to 16.9 per cent in 2026, while lowering its economic growth projections for both 2026 and 2027, citing persistent inflationary…

The Central Bank of Nigeria (CBN) has directed banks, payment service banks, and other financial institutions to immediately enforce fresh sanctions against six individuals and four Nigerian Bureau de Change (BDC) operators linked to…