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 ...
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...
Nigerian insurance firms paid a combined N15.2 billion in income taxes in 2025, more than double the N6.6 billion recorded in 2024, amid rising revenues and stronger earnings across the sector. The fi...
Aliko Dangote, president of the Dangote Group, says the company is targeting a private placement of about $2 billion for the refinery. Dangote announced the target when Femi Otedola, chairman of First...
The Chairman of the Chartered Institute of Bankers of Nigeria, Lagos State Branch, Akinwunmi Lawal, has announced steady financial growth for the branch, noting that it maintained its leading position...
