The Debt Management Office (DMO) has officially announced a massive ₦1 trillion Federal Government of Nigeria (FGN) bond offer for public subscription. The double-tranche debt issuance is structured with a face value of ₦1,000 per unit, providing institutional investors, high-net-worth individuals, and corporate entities a sovereign-backed avenue to […]
BANKING
Commercial, merchant, and non-interest banks operating across Nigeria shut down a net total of 476 physical branches and cash centers between 2022 and 2025, shrinking their physical operational footprints by 8.8% over the three-year evaluation period. This significant structural contraction occurred despite a net increase in the overall number of […]
The Nigeria Data Protection Commission (NDPC) has started a full investigation into the University of Lagos (UNILAG), Lotus Bank, and Hackerbella Ltd. This action follows serious complaints from the public claiming that students’ personal information was used to open bank accounts without their consent or any legal approval. […]
The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has warned Nigerians to carefully think about the financial dangers of returning to the old fuel subsidy regime, as proposed by former Vice President Atiku Abubakar. He cautioned that bringing back subsidy could destroy all the hard work […]
Moniepoint Microfinance Bank has unveiled an enhanced range of savings products alongside a new brand campaign, “One Step Ahead,” featuring award-winning Nollywood actress and filmmaker Funke Akindele, popularly known as Jenifa. The initiative comes amid growing economic uncertainties and increasing demand among Nigerians for simpler, flexible and reliable ways to […]
For many young Nigerians, banking has become an increasingly digital experience. From paying online vendors and school fees to splitting bills, running businesses on social media and sending money to family and friends, smartphones have become central to everyday financial transactions. Speed, convenience, free transfers and rewards remain key factors […]
Every great business starts with a simple idea. For a new financial technology (fintech) company called Stabyl, that idea did not come out of a formal corporate boardroom. Instead, it started during casual conversations between classmates at the University of Oxford. Between 2021 and 2022, Prince Nnamdi Ekeh and Zachary […]
As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session on Thursday, June 18, […]
Alpha Morgan Bank has achieved a remarkable milestone in Nigeria’s banking industry, reporting a Profit Before Tax (PBT) of ₦1.9 billion within its first 10 months of operation. The outstanding performance positions the Bank among the most successful new-generation financial institutions in the country and underscores the strength of its […]
Quest Merchant Bank Limited has recorded another year of impressive growth and resilience, as shareholders at the Bank’s 11th Annual General Meeting (AGM) approved the Audited Financial Statements for the year ended December 31, 2025, and applauded management for its outstanding financial performance, successful recapitalisation, and strategic vision for sustained […]