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State police will protect persecuted Nigerian Christians, says US lawmaker

US Congressman Riley Moore has welcomed Nigeria's Senate passage of the state police bill, saying it would help states protect citizens, including persecuted Christians.
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ISIS funding: FG set to charge US-sanctioned BDC operator

The EFCC is set to charge a Lagos bureau de change operator over alleged ISIS financing, saying it concluded key parts of its probe before US sanctions.
Business

First HoldCo Completes Sale of FBNQuest Merchant Bank

First HoldCo completes its divestment of FBNQuest Merchant Bank as Otedola advances a group-wide restructuring strategy.
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Banks Shift Idle Cash to CBN’s SDF Window

Banks increasingly place funds at the CBN’s SDF window as tightening conditions curb lending appetite and push treasury teams toward safer overnight placements.
Business

Access Holdings Profit Falls 23 Percent Despite Rise in Earnings

Access Holdings reports higher revenue but a 23 percent profit fall in H1 2025, hit by weaker forex gains and rising impairment charges.
Business

Otedola Raises Stake in First HoldCo by ₦2.01 Billion

Femi Otedola increases stake in First HoldCo by N2.01 billion, strengthening his hold in Nigeria’s oldest financial institution.
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Stock Deals Surge 44% Amid Banks’ Recapitalization Efforts

Nigerian stock deals jumped 44% due to bank recapitalization efforts, signaling increased investor confidence and optimism in the financial sector’s stability.
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CBN Bailout Facilitates Unity-Providus Bank Merger

The CBN's bailout has facilitated a merger between Unity Bank and Providus Bank, creating a stronger entity poised to enhance Nigeria's banking sector.
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Nigerian Banks Embrace CBN Recapitalization with Confidence

The ACAMB has confidently backed the CBN's bank recapitalization plan, ensuring stakeholders that Nigerian banks are secure and poised for robust economic support.
Business

13 Banks to Raise N3.31 Trillion, CBN Sets New Capital Rules

In response to CBN's updated capital requirements, Nigerian banks are tasked with raising N3.31 trillion, aiming to bolster financial resilience and support economic growth.

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State police will protect persecuted Nigerian Christians, says US lawmaker

US Congressman Riley Moore has welcomed Nigeria's Senate passage of the state police bill, saying it would help states protect citizens, including persecuted Christians.
News

ISIS funding: FG set to charge US-sanctioned BDC operator

The EFCC is set to charge a Lagos bureau de change operator over alleged ISIS financing, saying it concluded key parts of its probe before US sanctions.
News

LPPC suspends Mike Ozekhome’s SAN rank

The Legal Practitioners' Privileges Committee has suspended Chief Mike Ozekhome's Senior Advocate of Nigeria rank pending the determination of disciplinary proceedings against the constitutional lawyer.
Business

Cocoa and coffee farmers seek African bloc and $6,000 floor price to end foreign control

COCEFAAA has called for a unified African cocoa producers' bloc and a floor price of at least $6,000 a tonne to strengthen farmers' bargaining power.