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 …
Nigeria
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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 …
- 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 …
First City Monument Bank has concluded the 2025 edition of its AgriTech Hackathon, an event organised in partnership with the Dutch Entrepreneurial Development Bank and HeaveVentures. The initiative, held to …
- 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 …
- BusinessCourt RulingsEconomyInternationalNigeriaOil & Gas
Indian Court Clears Path for Sandesara Brothers’ $570m Settlement as Their Nigerian Oil Empire Grows
India’s Supreme Court has opened a major legal door for billionaire brothers, Nitin and Chetan Sandesara, after ruling that they can settle one of India’s largest alleged bank-fraud cases by …
- BusinessEconomyEnergyNigeriaOil & GasTrade
Nigeria Cuts Fuel Imports from Malta by 60% as Dangote Refinery Boosts Local Supply
Nigeria’s imports of refined petroleum products from Malta have fallen sharply by 60 percent in 2024, marking a major shift in the country’s downstream fuel supply pattern. The drop comes …
- EconomyForex TradingMarketsMonetary PolicyNigeria
Naira Weakens Across FX Markets Despite Rising External Reserves
The naira recorded another week of negative trading performance as the currency weakened at both the official and parallel foreign exchange markets. At the official Nigerian Foreign Exchange Market, the …