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 […]
FINANCE
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 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 […]
Africa’s financial services ecosystem is rapidly transitioning into a highly sophisticated, data-driven epoch. As digital adoption accelerates at an unprecedented pace and financial inclusion initiatives gain structural momentum, commercial banks, non-bank financial institutions, and specialized fintech enterprises are shifting their strategic focus toward connected operational models. Across the continent, financial […]
Lagos, Nigeria – Quest Merchant Bank recently hosted the second edition of the Great Place to Work® Nigeria Study Mission, reaffirming its commitment to fostering a high-performance workplace culture and advancing people-centric leadership practices. The Study Mission serves as a collaborative learning platform that brings together Great Place to Work® Certified […]
The continuous unraveling of Nigeria’s post-transition accountability era has found its ultimate crucible inside the austere rooms of the Special Offences Division of the Lagos High Court sitting in Ikeja. To view the ongoing trials of the former Central Bank of Nigeria Governor, Godwin Emefiele, as merely technical anti-graft proceedings […]
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, […]
As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in Abuja, industry leaders are shifting the conversation from how money moves to making a robust case for how those transactions can unlock economic survival for millions of underserved businesses. Tosin […]