Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to ...
Africa can unlock more than $469bn in additional annual revenue without raising statutory tax rates, according to the African Development Bank. Chief Economist and Vice President for Economic Governan...
he International Finance Corporation and Standard Chartered Bank have launched a $300m risk-sharing facility to expand access to supply chain finance for businesses across eight African countries, inc...
Nigeria’s small and medium-sized enterprises need more than access to finance to thrive, according to FCMB’s Senior Vice President and Divisional Head of Business Banking, George Ogbonnaya, who highli...
Nigeria’s total foreign exchange utilisation expanded by a massive 77 per cent in 2025, climbing from $26.65bn in 2024 to $47.17bn over the 12-month period, driven largely by a resurgence in non-agric...
Bad loans in Nigeria’s banking sector rose to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria moved to end regulatory forbearance granted to banks on some credit exposure...
Segilola Resources Operating Limited has commissioned infrastructure and community development projects in Osun State, including a rehabilitated road network and a community-owned water production fac...
The Nigeria Revenue Service (NRS) says it has identified significant leakages in the deduction and remittance of value-added tax (VAT) and withholding tax by some states and government agencies. Amina...
The Nigerian Communications Commission (NCC) has commenced a review of Nigeria’s 26-year-old telecommunications policy, saying the current framework no longer reflects the realities of the country’s f...
Shareholders have confirmed the appointment of Tony Elumelu, chairman of Hiers Energies, an indigenous oil and gas company, as a non-executive director of the board of Seplat Energy. The appointment o...