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Gumi defends public funding of marriages in Shariah states

Islamic cleric Sheikh Ahmad Gumi has defended using public funds to support marriages in Nigeria's Shariah states, calling the practice a legitimate part of governance.
News

Nigeria’s refineries will soon bounce back, Tinubu says

President Tinubu says Nigeria's refineries will soon bounce back, while complaining that CNG benefits flow to truck owners rather than commuters, as NUPENG raised concerns.
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.
News

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.
News

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.
News

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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Gumi defends public funding of marriages in Shariah states

Islamic cleric Sheikh Ahmad Gumi has defended using public funds to support marriages in Nigeria's Shariah states, calling the practice a legitimate part of governance.
News

Nigeria’s refineries will soon bounce back, Tinubu says

President Tinubu says Nigeria's refineries will soon bounce back, while complaining that CNG benefits flow to truck owners rather than commuters, as NUPENG raised concerns.
Business

Naira Trades at ₦1,364.83/$ as Forex Market Maintains Relative Stability

KEY POINTS Naira traded at ₦1,364.83/$1 on Friday, up from ₦1,357.65/$1 on Thursday. The...
News

Osun APC Candidate Freed as Naval Commander Reportedly Redeployed After Arrest

KEY POINTS APC candidate Komolafe reportedly freed. Naval commander allegedly redeployed. Incident occurred ahead...