Startup equity is often described as “paper wealth,” meaning valuable on a cap table but hard to spend. On Thursday, Flutterwave announced a way to ease that problem for its workforce, and TechCabal’s Friday newsletter led with the story. Employees can now borrow against vested shares without selling them. Below […]
BUSINESS
Alpha Morgan Bank Limited has relocated its Head Office from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos, in a move the bank describes as a significant milestone in its growth and nationwide expansion strategy. The relocation comes on the back of the […]
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 3.5 percentage points, bringing it down from 26.5 per cent to 23 per cent. The decision was announced after the Monetary Policy Committee (MPC) held its 307th meeting in Abuja. The rate cut is expected to […]
Nigeria’s total exports to other African countries increased sharply in the first half of 2026, rising by 122.26 per cent to ₦10.72 trillion. The figure is a major increase compared with the ₦4.82 trillion recorded in the first half of 2025. However, the increase was mainly driven by crude oil, […]
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 […]
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 Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have officially endorsed the Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. The two apex capital market bodies have described the multi-trillion naira public share sale as a […]
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 […]
The Dangote Refinery is preparing for a major plan to sell part of the company to the public. The share sale, known as an initial public offering (IPO), could bring in about $5 billion. The planned IPO is expected to take place in Nigeria in October 2026. If it […]
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 […]