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African Export-Import Bank (Afreximbank) reported a 2025 profit of US$1.15 billion (N1.5 trillion), up from US$973.5 million (N1.3 trillion) in 2024, reflecting improved earnings performance. This growth was supported by interest income of about N4.2 trillion at an exchange rate…
Read moreNigeria’s Central Bank of Nigeria (CBN) absorbed a total of N4.48 trillion from the banking system within two sessions in six days through aggressive Open Market Operations (OMO), leaving opening balances of banks and discount houses down in mid-April. CBN’s financial system data between April 8…
Read moreThe FMDQ Exchange recorded a total turnover of N193.20 trillion in the first quarter of 2026, highlighting robust activity in Nigeria’s fixed income and currency markets as investors gravitated toward highly liquid instruments. This disclosure was made by the Group Chief…
Read moreThe Federal High Court, Abuja, has discharged First Bank of Nigeria Limited from a $8,488,752.88 garnishee proceedings dispute between NIMEX Petrochemicals Ltd and another party against Conoil Plc. The enrolled copy of the ruling, delivered by Justice M. Umar on March 31,…
Read moreDigital finance platform Busha, in partnership with Beauty Hut Africa, empower three female-led beauty businesses with a total of six million naira in equity-free funding to support their growth and expansion. The grant was awarded as part of the second…
Read moreIn recent months, millions of Nigerians have grappled with electricity challenges, as the country witnessed power interruptions largely linked to a shortage of gas supply to power generation companies. This year, Nigeria, Africa’s most populous nation, has experienced at least…
Read moreThe West African Examinations Council has opened applications for multiple job positions across its Nigerian operations. This was disclosed in an official notice issued by the Council’s Human Resource Management Department (HRMD), which called on qualified Nigerians to apply for…
Read moreNigerian digital asset startup, NectarFi, has raised $170,000 in a pre-seed funding round as it looks to address fragmentation in the crypto ecosystem and expand its product offering across multiple markets. The raise announced by the company on Wednesday comes at…
Read moreKenya has hiked petrol prices by about 16% as rising global crude oil costs and supply disruptions linked to tensions in the Middle East continue to pressure import-dependent economies. The increase was disclosed by the Energy and Petroleum Regulatory Authority…
Read moreAs digital platforms take centre stage and transactions scale, financial fraud has become increasingly sophisticated. Scammers are constantly looking for ways to access personal accounts, often targeting large transactions that can lead to significant financial loss. Recent industry data from…
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