Santam, South Africa’s largest short-term insurance company, has received full approval to launch a new underwriting syndicate in the United Kingdom, starting from 1 January 2026. The new entity, known …
Category:
Finance
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Debt Management,EconomyEnergyFinanceGOVERNMENTInfrastructureOil & GasPolicies
NNPCL Faces N8.07tn Crude-Backed Loan Burden as Debt Repayments
The Nigerian National Petroleum Company Limited is currently weighed down by crude-backed loan obligations estimated at N8.07tn, based on a detailed review of its 2024 financial statements and capital-commitment records. …
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BankingEconomyFinanceNigeria
FairMoney MFB Gets Rating Upgrade as GCR Backs Strong Growth, Technology and Risk Management
Global Credit Ratings has upgraded the national scale issuer ratings of FairMoney Microfinance Bank, reflecting the institution’s growing strength and stability within Nigeria’s competitive microlending market. In its latest assessment, …
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BusinessCurrencyEconomyFinanceForex TradingNigeria
Naira Strengthens as CBN Reforms Boost Investor Confidence
The naira recorded a stronger performance in the past week as it closed at N1,446.74 per dollar at the official market, showing a 0.69 per cent rise compared to the …
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Corporate ServicesDevelopmentEconomyEducationFinanceGovernanceNigeria
ICAN Inducts Over 2,000 New Members, Expands Professional Community to Nearly 70,000
The Institute of Chartered Accountants of Nigeria on Wednesday welcomed more than 2,000 new members into its fold during an induction ceremony held at the ICAN Centre in Lagos. The …
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AgribusinessEconomyFinanceGOVERNMENTRegional IntegrationTrade
Finance Minister Wale Edun Says Africa Must Rely on Private Capital
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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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 …
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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 …
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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 …
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BusinessFinanceFintechNewsNigeriaSecurityTechnology
OPay Wins Big at 2025 GRC Awards, Reaffirms Leadership in Financial Crime Prevention and Compliance
OPay, one of Nigeria’s largest and most influential financial technology companies, has strengthened its industry profile after winning two major honours for excellence in financial crime prevention, governance, risk management …