In a statement signed on Wednesday by Sunday Ekwochi, the company secretary, Access Holdings said the appointment takes effect on August 29, 2025, following regulatory approval. The company said Ike w...
Currency outside the formal banking system moderated to N4.49 trillion in June 2025, down from N4.63 trillion in May, though it continued to dominate overall liquidity by accounting for about 90 per c...
The credit rating agency said 16 banks collectively raised N1.7 trillion in 2024, while another N800 billion was secured in the first seven months of 2025. The funds are part of ongoing efforts to com...
System liquidity had opened the week in deficit, fuelling modest pressure on interbank rates. However midweek, inflows of about N653.79 billion, comprising N350 billion from Open Market Operation (OMO...
With inflation slowing further to 21.88 per cent in June, analysts have projected that Nigeria’s headline inflation may extend its downward trend into August, supported by sustained naira stability, e...
Hakama Sidi-Ali, acting director of the CBN’s corporate communications department, spoke during its currency education and financial inclusion campaign to residents of Lagos on Tuesday. The sensitisat...
• Insurance sector throws spanner into fundraising plans• Merger, acquisition negotiations stalled by corporate governance• Recapitalisation only opens door for politicians to acquire more equities, s...
On the back of tightening stance by the Central Bank of Nigeria (CBN), average prime lending rate to bank customers in Nigeria closed June 2025 at 18.19 per cent from 17.96 per cent in May 2025. The M...
Analysts at Comercio Partners has projected that Nigeria’s currently competitive foreign exchange (FX) market that encourages export and discourages import would enable the country to record 70 per ce...
President Bola Tinubu has sought the approval of the Senate for the Federal Capital Territory Administration’s 2025Appropriation Bill. Mr Tinubu’s request is contained in a letter addressed to the Sen...
