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SEC clears Bitbarter Technologies, six other new fintech firms for ARIP
The Securities and Exchange Commission (SEC) has cleared seven new fintech and digital asset firms for admission into its Accelerated Regulatory Incubation Programme (ARIP), granting them Approval-in-Principle (AIP) to operate within the programme’s regulatory sandbox as part of efforts to promote innovation while protecting investors. The Commission, in a public notice said the move reinforces its commitment to fostering responsible…
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Access Holdings, Coronation Group celebrate enduring Legacy of Nigerian Modernism
Access Holdings Plc and Coronation Group hosted a private reception at Tate Modern, London, to celebrate the enduring legacy of Nigerian Modernism, one of the most significant presentations of African art in the gallery’s recent programme. The Nigerian Modernism exhibition, in partnership with Tate Modern from October 10, 2025, to May 8, 2026, brought together nearly 300 works by more…
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In Hamburg, Bagudu promotes Nigeria as Africa’s most attractive investment destination
President Bola Tinubu’s economic reforms have positioned Nigeria as Africa’s most attractive investment destination, according to Minister of Budget and Economic Planning Senator Abubakar Bagudu. The minister responsible for the nation’s bilateral relations spoke at the Third Hamburg Sustainability Conference in Hamburg, Germany, explaining that the macroeconomic stability achieved through the reforms has made Nigeria attractive for long-term investment across…
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NDIC takes over 46 revoked MfBs by CBN for liquidation
The Nigeria Deposit Insurance Corporation (NDIC) has formally taken over 46 Microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN), commencing the process of their liquidation and assuring depositors of the payment of insured deposits. The takeover follows the revocation of the licences by the CBN on July 1, 2026. Under Section 12(2) of the…
Read More » - Economy
Nigeria has moved from economic decline to stability, focus now on accelerating inclusive growth, says Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully navigated the most difficult phase of its economic reforms and is now focused on accelerating broad-based and inclusive growth that delivers tangible benefits to citizens and businesses. Speaking at the Nigeria Employers’ Summit 2026 organised by the Nigeria Employers’ Consultative Association (NECA)…
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At 55th globally rating, Nigeria tops Africa in IMD economic performance
Nigeria emerged as the highest-performing African economy on the economic performance pillar of the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming five other African countries assessed in the report. The IMD report, which evaluated 70 economies across economic performance, government efficiency, business efficiency and infrastructure, ranked Nigeria 55th globally on economic performance with a score of…
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Analysts disagree with FTSE Russell over T+1 market reform
Analysts at the Nigerian capital market have mounted a strong defence of the country’s recent T+1 settlement reform after FTSE Russell suspended its planned reclassification of Nigeria to Frontier Market status. The global index provider announced the decision on Tuesday, citing the need for further assessment of the operational impact of Nigeria’s transition to a T+1 settlement cycle. Market operators,…
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Equities market drops by N13.29trn in June 2026
The Nigeria’s equities market suffered its worst month on record in June 2026 after investors wiped N13.29 trillion off the value of their investment in key fundamental companies. The June decline is the largest monthly destruction of shareholder value ever recorded on the Nigerian Exchange, easily surpassing previous records as profit-taking, dividend adjustments and portfolio rebalancing triggered heavy selling across…
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World Bank approves $1.25bn loan to Nigeria
The World Bank has approved a $1.25 billion Development Policy Financing loan for Nigeria despite widespread public criticism over the country’s rising debt profile, as it unveiled a new six-year partnership strategy aimed at accelerating private sector-led growth and job creation. The lender announced on Wednesday that its Board had approved the Nigeria Actions for Investment and Jobs Acceleration Development…
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CBN revokes licences of 46 microfinance banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MfBs), citing their failure to meet the regulatory requirements for continued operation. The apex bank disclosed this in a statement on Tuesday, saying the revocation took effect from July 1, 2026, in line with its powers under Sections 12 and 13 of the Banks and…
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