The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that Africa can no longer depend on foreign aid and concessional loans as rising debt costs …
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Economy
- BankingBusinessCapital MarketCorporate GovernanceEconomyFinanceNigeria
Access Holdings Moves to Raise N40bn Through Private
Access Holdings Plc, the parent company of Access Bank, has announced plans to raise about N40bn through a private placement as part of its ongoing capital-raising programme. The move is …
- BankingBusinessCapital MarketsCorporate EarningsEconomyFinance
Top Nigerian Banks Grow Savings Deposits to N33.24tn in Nine Months
The top ten banks in Nigeria have grown their savings deposits to N33.24 trillion in the first nine months of 2025, marking a 6.8 per cent increase from the N31.13 …
- BusinessCapital MarketEconomyInfrastructureNigeriaTechnologyTelecommunications
Legend Internet Plc Records 119.7% Oversubscription
Legend Internet Plc has achieved a major milestone after recording a 119.7 per cent oversubscription in its Series 1 Commercial Paper (CP) issuance, signalling strong investor confidence in the company’s …
- Arts & CultureBusinessCommunity DevelopmentCorporate Social Responsibility,EconomyEducationNigeria
Stanbic IBTC Pension Managers Deepens Cultural Support with “The Library” Installation at ART X Lagos
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has renewed its commitment to Nigeria’s creative sector by sponsoring The Library, a knowledge-driven installation showcased at the 10th edition …
- BusinessCapital MarketsEconomyFinanceInsuranceNigeriaRegulation
Guinea Insurance Moves to Raise N15bn as New Industry Capital Rules Take Effect
Guinea Insurance Plc has begun moves to strengthen its financial base as the Board of Directors seeks shareholders’ approval to raise up to N15bn in new capital. The plan was …
- BusinessEconomyFinanceNewsNigeriaSMEsTrade
Alternative Bank Pledges Stronger Support for Nigeria’s Export Growth at 2025 Trade Fair
The Alternative Bank has renewed its commitment to boosting Nigeria’s export trade by offering non-interest financing solutions to Micro, Small and Medium Enterprises. The bank made this pledge during the …
- BusinessCapital MarketEconomyFinanceINVESTMENTNewsNigeria
Nigerian Equities Market Loses N444bn as Selloffs Hit Major Stocks
Nigeria’s equities market closed lower on Wednesday after a fresh wave of selloffs dragged several key stocks into negative territory, ending the market’s bullish momentum. The downturn wiped off about …
- EconomyEnergyEnvironmentGovernanceNewsNigeriaOil & Gas
IEA hails Nigeria’s upstream reforms as NUPRC says PIA boosts transparency
The International Energy Agency (IEA) has applauded the reforms taking place in Nigeria’s upstream petroleum sector, following detailed explanations from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on how the …
- BusinessEconomyEducationFinanceGovernment PolicyNational BudgetPersonal FinanceTaxation
Oyedele Says New 2026 Tax Reforms Will Cut Taxes for 98% of Nigerians
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has assured Nigerians that the new tax reform laws taking effect from January 2026 will reduce …