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Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
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FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.
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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Otti backs plan to expand insurance access in Abia

Abia State Governor Alex Otti has backed a plan to deepen insurance penetration, commending registered insurance brokers for engaging the public and pledging wider participation.
News

FG scraps three-month pre-retirement leave for civil servants

The Federal Government has directed agencies to stop placing civil servants on a mandatory three-month pre-retirement leave, saying the practice has no legal basis.
Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
News

Nigeria and Liberia move to deepen maritime cooperation and capacity building

NIMASA Director-General Dayo Mobereola and Liberia's honorary consul Dapo Akinosun have pledged to deepen maritime cooperation, capacity building and Blue Economy development across Africa.