Money Market

House of Representatives Summons Central Bank of Nigeria and Banks Over Widespread Arbitrary Account Deductions Amid Public Outcry

In a significant move aimed at addressing growing public frustration with Nigeria's banking sector, the House of Representatives has issued a s…

Zenith Bank Achieves Remarkable 160% Subscription in Recapitalisation Drive, Signaling Robust Investor Confidence

In a resounding testament to its enduring appeal and financial prowess, Zenith Bank Plc has successfully concluded its recapitalisation exercise wi…

Transcorp Power Plc Reports Robust Q3 2025 Financial Growth Driven by Enhanced Power Generation

In a testament to operational resilience amid Nigeria's challenging economic landscape, Transcorp Power Plc, a flagship subsidiary of the Trans…

BUA Foods Plc Posts Stellar H1 2025 Performance with 35.71% Revenue Growth and Near-Doubled Profits

BUA Foods Plc, a titan in Nigeria’s fast-moving consumer goods (FMCG) sector, has continued to demonstrate remarkable growth in the first half (H1)…

Gold Shatters Records, Surging Past $4,000 Amid Global Turmoil and Fed Cut Bets

In a dramatic escalation of its meteoric rise, gold prices pierced the $4,000 per ounce barrier on Wednesday, marking an unprecedented all-time hig…

Nigerian Equities Market Surges with N143 Billion Gain, Driven by Strong Performances from Guinness Nigeria, Eunisell Interlinked, and Regal Insurance

In a remarkable display of market resilience, Nigerian investors collectively gained N143 billion in the equities market on Thursday, September 18,…

Insurance Sector Poised to Lead Profit Growth on Nigerian Exchange in 2025

In a dynamic display of financial optimism, insurance companies listed on the Nigerian Exchange (NGX) are projected to dominate profit expectations…

EFCC Advocates for Robust Regulation of Nigeria’s Cryptocurrency Ecosystem to Tackle Rising Fraud

The Economic and Financial Crimes Commission (EFCC) has issued a clarion call for the comprehensive regulation of Nigeria’s burgeoning cryptocurren…

Bank Verification Number enrolments hit 66.2m as CBN’s NRBVN boosts diaspora participation

The number of Nigerian bank account holders enrolled in the Bank Verification Number (BVN) system has climbed to 66.2 million as of July 2025, acco…

Stock market indices increase by 0.08%, investors gain N67bn

The Nigerian stock market closed in positive territory on Wednesday, with key performance indicators advancing by 0.08 per cent, driven by renewed …

Eleven banks cross 5% bad-debt threshold as lenders reclassify risk assets

At least 11 commercial banks surpassed the Central Bank of Nigeria’s (CBN) 5 per cent regulatory ceiling for non‑performing loans (NPLs) in April 2…

FirstBank of Nigeria unveils advanced facial biometric technology for secure mobile banking

FirstBank of Nigeria has rolled out a facial biometric authentication feature on its mobile banking application, FirstMobile, enabling customers to…

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