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November 3, 2026 12:11 am
CBN repays N10.69tn as October maturities exceed auctions
November 3, 2026 12:09 am
DMO offers 14.25% returns on November savings bond
November 2, 2026 12:00 am
FirstBank, Pointek partner to boost digital inclusion via financing
November 2, 2026 12:00 am
Fidelity Bank repays $400m Eurobond after five years
November 2, 2026 12:00 am
Economic growth must improve livelihoods – New NESG chairman
November 2, 2026 12:00 am
Five things to learn from last week’s T-bill auction
ACAMB advises bank customers against phishing scams
November 3, 2026 12:46 am
Banks face pressure to turn N4.65tn recapitalisation into business loans
Money
United Capital’s PBT jumps 66% to N41.58bn
Money
GNI clears over N3bn in outstanding claims
Money
Ibile, Canon control 87% of LASACO Assurance
Money
DMO cuts T-bill rates to 15.8%, rejects N1.8tn bids
Money
CBN repays N10.69tn as October maturities exceed auctions
The Central Bank of Nigeria repaid investors N10.69tn on matured securities in October, exceeding funds raised from new auctions by N3.20tn….
DMO offers 14.25% returns on November savings bond
The Debt Management Office has opened its November FGN savings bond offer, with returns of up to 14.25% per annum on investments starting from N5,000….
FirstBank, Pointek partner to boost digital inclusion via financing
FirstBank Nigeria has partnered with retail giant Pointek to launch FirstEASE, an innovative buy-now-pay-later financial solution aimed at expanding access to essential mobile devices, electronic gadg…
Fidelity Bank repays $400m Eurobond after five years
Fidelity Bank Plc has repaid its $400m Eurobond at maturity after five years, with the repayment reportedly financed entirely from the bank’s internal liquidity resources. The development was disclo…
Economic growth must improve livelihoods – New NESG chairman
The incoming Chairman of the Nigerian Economic Summit Group, Omoboyede Olusanya, has called for a shift in Nigeria’s economic policy priorities from achieving impressive growth figures to delivering…
Five things to learn from last week’s T-bill auction
The Federal Government’s latest Treasury bill auction offered an insight into its borrowing strategy, investors’ appetite for government securities and the changing direction of interest rates in …
Banks face pressure to turn N4.65tn recapitalisation into business loans
Nigerian banks are facing pressure to translate the N4.65tn raised through the recapitalisation exercise into increased lending to businesses, particularly manufacturers, following concerns that stron…
United Capital’s PBT jumps 66% to N41.58bn
United Capital Plc has reported a 66% rise in its profit before tax to N41.58bn for the first nine months of 2026, driven by higher investment income….
GNI clears over N3bn in outstanding claims
Great Nigeria Insurance Plc has cleared over N3bn in outstanding claims after a major operational overhaul, introducing a 48-hour claims processing SLA….
Ibile, Canon control 87% of LASACO Assurance
Ibile Holdings and Canon Properties now control 87.21% of LASACO Assurance after the insurer’s N18.47bn rights issue to raise fresh capital….
DMO cuts T-bill rates to 15.8%, rejects N1.8tn bids
The Debt Management Office has cut Treasury bill rates to 15.80% at its latest auction, rejecting about N1.84tn in bids from investors….
Banks keep N6.98tn with CBN amid N800bn T-bill offer
Nigerian banks held N6.98tn with the CBN on Tuesday, highlighting excess liquidity as the apex bank offered N800bn in Treasury bills on behalf of the DMO….
JP Morgan cites reforms for Nigeria expansion
JPMorgan Chase & Co has deposited N50bn with the CBN for a merchant banking licence, citing Nigeria’s economic reforms and quality banking regulation….
Afreximbank’s nine-month profit rises 24% to $813.5m
The African Export-Import Bank has reported a 24% rise in its net income to $813.5m for the first nine months of 2026, driven by stronger lending income….
AIICO Insurance Plc says it provides regular retirement income to over 28,000 annuitants, paying approximately N2.1bn in annuity benefits every month….
Investors eye N800bn T-bill auction amid N7tn liquidity
Investors are set to bid for N800bn in Nigerian Treasury bills as banking system liquidity approaches N7tn, with strong demand expected for the auction….
Nigeria’s remittance inflows hit record $1.57bn in Q2
Nigeria’s remittance inflows through IMTOs hit a record $1.57bn in Q2 2026, a 33% rise from the same period in 2025, according to CBN data….
Transcorp Group delivers N111.4bn PBT, strengthens balance sheet
Transcorp Group has announced its unaudited financial results, delivering a Profit Before Tax of N111.4bn for the nine months ended September 30, 2026….
Stanbic IBTC’s assets rise to N9.6tn as profit grows
Stanbic IBTC Holdings Plc’s total assets increased by 11.4% to N9.60tn as of September 2026, while its profit grew to N370.4bn for the period….
Africa Prudential’s nine-month profit rises 31% to N2.69bn
Africa Prudential Plc has reported a 30.8% increase in its profit after tax to N2.69bn for the first nine months of 2026, driven by higher interest income….
AfDB secures $2.5bn funding as investor orders reach $4.8bn
The African Development Bank has raised $2.5bn from international investors through a three-year dollar bond, attracting orders worth $4.8bn….
Nigeria’s net FX flows hit $22.5bn, highest since 2019
Nigeria’s net foreign exchange flows rose to $22.50bn in Q2 2026, the highest since 2019, as a sharp drop in dollar outflows offset a fall in inflows….
Investors of a proposed finance firm are demanding a N100.35m refund with interest from the CBN after it suspended issuing new finance house licences….
ABC Transport plans N6.5bn capital raise
ABC Transport Plc plans to raise N6.5bn in additional capital through a rights issue and bond issuance, subject to shareholders’ approval at its next AGM….
Members of the CBN’s Monetary Policy Committee warn that increased government spending ahead of the 2027 elections could fuel inflation and weaken fiscal d…
CBN eyes N6.3tn bank liquidity with N2tn OMO offer
The Central Bank of Nigeria has offered N2tn in Open Market Operations (OMO) bills to absorb excess funds from the banking system where liquidity surged to…
Money market funds drive mutual fund assets to N10tn
Nigeria’s mutual fund industry assets grew to N9.89tn as of October 2026, with money market funds accounting for nearly 68% of the total, SEC data shows….
CBN moves to ease payment barriers between Nigeria, China
The Central Bank of Nigeria is engaging businesses to address cross-border payment challenges and improve financial flows between Nigeria and China….
Nigeria’s money supply rises to N147tn in September
Nigeria’s broad money supply (M3) rose by N7.51tn to N146.6tn in September 2026, following the Central Bank of Nigeria’s cut in interest rates….
Nigeria’s foreign exchange market turnover fell by $749m to $2.62bn in one week, driven by an 81% crash in forward transactions, according to FMDQ data….
The Debt Management Office has allotted N2.02 trillion in Federal Government bonds at its October auction as yields on long-term securities rose….