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Money
FCCPC Warns Against Violation of Merger and Acquisition Process
BY NKECHI NAECHE-ESEZOBOR—Ahead of the ongoing recapitalisation in the financial sector, the Federal Competition and Consumer Protection Commission (FCCPC) has warned firms, legal...
FG Rejects Claims of Hidden Spending, Says World Bank Report Misinterpreted
BY NKECHI NAECHE-ESEZOBOR—The Federal Ministry of Finance has dismissed recent media reports alleging that large portions of Nigeria’s federation revenue are being diverted...
Breaking: CBN Launches Nigerian Overnight Financing Rate to Deepen Money Market
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has introduced the Nigerian Overnight Financing...
Access Bank Retains Position as Nigeria’s Most Valuable Brand for Fifth Consecutive Year
Access Bank Plc has been named Nigeria’s Most Valuable Brand for the fifth consecutive year by Brand Finance, reinforcing its leadership position in...
LIRS Extends Annual Income Tax Return Filing Deadline to April 21
The Lagos State Internal Revenue Service (LIRS) wishes to express its sincere appreciation to esteemed taxpayers for their continued compliance and commitment to...
Afreximbank Returns to International Markets, Raises Over $800m
BY NKECHI NAECHE-ESEZOBOR—-The African Export-Import Bank (Afreximbank) has disclosed that it successfully raised over $800 million in international capital markets in 2025, despite...
Naira Slides to ₦1,389/$ as External Reserves Fall to $49.18bn
BY NKECHI NAECHE-ESEZOBOR—The Naira weakened to ₦1,389 per dollar, down from ₦1,382.75/$ recorded before the Easter break, amid continued pressure in Nigeria’s foreign...
Nigerian Banks Raise ₦4.65 Trillion as CBN Ends Recapitalisation Drive
Nigerian banks have successfully raised a total of ₦4.65 trillion in fresh capital following the conclusion of the Central Bank of Nigeria’s (CBN)...
