Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …
Finance & Services
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EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
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Banking, Finance & InvestmentFinance & ServicesINVESTMENTNigeria
Jaiz Bank Doubles Profit to N23.48bn in 2024
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded an impressive financial performance for the year ended December 31, 2024, posting a 109 per cent increase in its profit after …
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BusinessDevelopmentEntrepreneurshipFashion & StyleFinance & ServicesNigeria
Wema Bank Supports Three Nigerian MSMEs with N3m Grants
Wema Bank has given out business grants worth N3 million to three small businesses during the 2025 Lagos Leather Fair, showing its strong support for Micro, Small and Medium Enterprises …
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DevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF hails CBN’s reforms, warns Nigeria to adjust 2025 budget over oil revenue
The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for the bold reforms it introduced to stabilise the economy, but warned that Nigeria may exceed its …
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BusinessEconomyEducationFinance & ServicesINVESTMENTMarketsNigeria
United Capital Hosts Investment Forum to Push Financial Literacy and Inclusive Wealth Building
United Capital Asset Management, a subsidiary of United Capital Plc, one of Africa’s leading investment banking and financial services groups, has held the second edition of its flagship Investment Forum. …
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Banking, Finance & InvestmentEconomyFinance & ServicesInternational RelationsKenya
UK, US Top List of Countries Receiving Hard Cash from Kenya
The United Kingdom and the United States have emerged as the top destinations for physical cash flown out of Kenya, according to a new report released by the Central Bank …
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Banking, Finance & InvestmentBusinessEastern AfricaFinance & ServicesKenyaZenith Bank
Zenith Bank Moves to Enter Kenyan Market
One of Nigeria’s biggest financial institutions, Zenith Bank Plc, has started discussions to buy a mid-level Kenyan bank, as part of its expansion strategy into East Africa. This planned move, …
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF Warns Nigeria’s 2025 Budget May Deepen Financial Crisis Without Urgent Reforms
The International Monetary Fund (IMF) has raised serious concerns over Nigeria’s economic outlook for 2025, warning that the country may face a deeper financial crisis if it does not urgently …
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BusinessFinance & ServicesGOVERNMENTTelecommunications
Court to Rule September 24 on Disputed 43 Million Shares in 9mobile
The Federal High Court in Abuja has scheduled September 24, 2025, to deliver a ruling on several applications in a high-profile lawsuit involving Nigerian businessman Abubakar Ismaila Isa, who claims …
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EnergyFinance & ServicesGOVERNMENTInfrastructureLabourTransportation & Logisitics
Tricycle Owners Accuse FG of Diverting Promised CNG Tricycles
The National Commercial Tricycle and Motorcycle Owners and Riders Association (NATOMORAS) has raised alarm over the alleged diversion of 2,000 Compressed Natural Gas (CNG) tricycles, which they claim were promised …