Banks’ Deposits with CBN Surge 1,578% to N53.5 Trillion in 2025
On June 4, 2025, data from the Central Bank of Nigeria (CBN) revealed that commercial banks’ deposits with the apex...
Banks Grapple with N3.77 Trillion in Loan Losses Since 2023 Amid Economic Challenges
On June 2, 2025, ten commercial banks listed on the Nigerian Exchange (NGX) reported cumulative loan impairment charges of N3.77...
Nigeria’s Pension Assets Surge to N23.33 Trillion as New Digital Remittance System Launches
On June 2, 2025, Nigeria’s pension fund assets grew 19% year-on-year to N23.33 trillion by March 2025, up from N22.51...
Kenya’s Equity Group Sacks 1,200 Employees in $15.4 Million Fraud Crackdown
On May 30, 2025, Equity Group, Kenya’s second-largest bank by assets, terminated over 1,200 employees following an internal investigation that...
NGX Sustains Bullish Momentum, Gains N187 Billion in Market Capitalization
On May 29, 2025, the Nigerian Exchange (NGX) extended its bullish run, with market capitalization rising by N187 billion to...
Nigeria’s Debt to Surge to N183 Trillion with Tinubu’s $24.14 Billion Borrowing Plan
On May 28, 2025, President Bola Tinubu’s request to the National Assembly for approval of a $24.14 billion foreign loan...
Nigerian Students Face Visa Freeze as U.S. Tightens Grip on Social Media Vetting
For thousands of Nigerian students dreaming of studying in the United States, the path just got rockier. On Tuesday, Secretary...
DBN Disburses N273.4 Billion, Honors Partner Banks for MSME Support
The Development Bank of Nigeria (DBN) has disbursed N273.4 billion in the past year, bringing its total disbursements to over...
Nigerian Stock Market Dips as NGX All-Share Index Falls 0.4%
The Nigerian Exchange (NGX) closed lower on Thursday, with the benchmark NGX All-Share Index (ASI) declining by 40 basis points...
FirstHoldCo Shareholders Approve ₦25.1 Billion Dividend as Earnings Climb
FirstHoldCo has secured overwhelming shareholder approval for the distribution of a final dividend of 60 kobo per ordinary share, following...
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