Nigerian Exchange Group’s Profit Before Tax Surges to N20.6bn
The Nigerian Exchange Group Plc has reported a significant increase in profit before tax for the first nine months of 2026.
Finance
Dangote Refinery’s Historic IPO Attracts Global Investors, Including 54 African Nations
The much-anticipated Initial Public Offering (IPO) of Dangote Refinery has attracted investments from 120 countries worldwide, with 54 of those being African nations.
Large Enterprises Favor Manufacturing and Infrastructure with 80% of Lending – Report
According to a report by the News Agency of Nigeria, 80% of large enterprise lending in Nigeria is directed towards manufacturing and infrastructure projects.
JP Morgan Merchant Bank Nigeria Granted Approval for Wholesale Banking Operations
JP Morgan Merchant Bank Nigeria has been approved for wholesale banking operations, marking a significant expansion of its operations in the country.
CBN Highlights Key Infrastructure for Nigeria-China Financial Flows
The Central Bank of Nigeria (CBN) has outlined key market infrastructure supporting financial flows between Nigeria and China at a recent investor forum in Beijing.
JP Morgan Granted CBN Approval to Establish Merchant Bank in Nigeria
The Central Bank of Nigeria has granted JP Morgan approval to establish a merchant bank in Nigeria, according to multiple sources.
Cardoso Pursues Stronger Banking and Payment Ties with China
The Central Bank of Nigeria (CBN) is working to establish more efficient cross-border payment systems, strengthen banking relationships, and expand Nigerian banking presence in China.
N300 billion stuck at CBN: Insurance firms face roadblock in accessing recapitalization funds
Insurance companies are struggling to access N300 billion raised during the recapitalization program due to CBN's verification for potential illicit funds inflows.
JPMorgan Steps Closer to Nigeria: Deposits N50bn with CBN for Banking License
American banking giant JPMorgan has reportedly deposited N50bn with the Central Bank of Nigeria, moving closer to securing a merchant banking license in Nigeria.
JP Morgan to Obtain Nigerian Banking License after N50 Billion Deposit with CBN – Report
American multinational investment bank JP Morgan is reportedly set to secure a Nigerian banking license following a N50 billion deposit with the Central Bank of Nigeria.
FCMB and EIB Global Partner to Boost Nigeria’s Cocoa and Dairy Sectors
First City Monument Bank (FCMB) and EIB Global have announced a €85 million partnership to support companies in Nigeria's cocoa and dairy sectors.
E-Tranzact’s Stock Surges 43%: A Look at the Fintech Boom in Nigeria
E-Tranzact International Plc sees a significant increase in share price, reflecting growing investor interest in Nigerian fintech sector.
Insurers Await Release of N300bn as CBN Commences Due Diligence
The Nigerian insurance industry is in suspense as the Central Bank of Nigeria (CBN) begins due diligence in releasing N300 billion from an escrow account, following the recapitalisation…
United Nigeria Airlines Announces Plans for N20bn Commercial Paper Issuance
United Nigeria Airlines Company Limited has announced plans to issue commercial paper with an initial tranche of N20 billion, marking a significant move for the domestic aviation sector.
Onafriq Exits Agent Banking in Nigeria: Vanguard News Reports
Nigerian digital payments platform, Onafriq, has announced its exit from agent banking in Nigeria, according to reports from Vanguard News.