finance

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Lagos International Financial Centre Meeting

March 5, 2025
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ECONOMY, finance, Lagos state

Lagos Poised as Africa’s Premier Financial Hub: Sanwo-Olu Reaffirms Commitment to Market-Driven, Innovation-Led Growth

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday reaffirmed the State Government’s unwavering commitment to fostering a market-driven, innovation-led financial sector. This was disclosed in a statement signed by...

March 3, 2025
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finance, ECONOMY

Is the CBN Pushing Nigerians Back into the Banking Halls?

Public institutions in Nigeria have a knack for policy inconsistency. They can aggressively pursue a course of action one moment and, the very next, introduce measures that directly contradict...

February 25, 2025
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finance

Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY

Retail lender, Unity Bank Plc on the 24th of February 2025 posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of...

February 11, 2025
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ECONOMY, finance

CBN’s ATM Fee Overhaul: Rising Costs, New Charges, and Banking Sector Impact

As the Central Bank of Nigeria (CBN), has announced a review on the transaction fees for automated teller machines (ATMs), via a circular which was signed by John Onojah,...

December 3, 2024
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finance

Addressing The Alarming Surge in Financial Fraud in Nigeria

By Elvis Eromosele The financial sector is the backbone of any economy, driving transactions, investment, and growth. In Nigeria, the financial sector is under siege. The recent report from the...

May 16, 2024
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finance

World Bank blacklists 58 Nigerian companies, individuals over corruption

The world bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity...

May 15, 2024
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finance

Tax now highest revenue source to federation – FG

The Federal Government has charged tax practitioners to work harder in getting more revenue from taxes, stressing that tax revenue is currently the highest income source for the federation....

April 23, 2024
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finance

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities...

April 8, 2024
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finance

Nigeria’s stock exchange buys stake in Ethiopia’s first-ever bourse

The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia’s first-ever securities exchange for an undisclosed amount in a fundraising that has seen the Horn of Africa nation...

April 8, 2024
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finance

Foreign investors stage comeback to Nigeria, seeking high yields over interest rates

Foreign investors are staging a comeback for government securities following a hike in benchmark interest rates and reforms led by Nigeria’s Central Bank. Many of these investors have shown...