Business

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso on Tuesday inaugurated a board for the Agricultural Credit Guarantee Scheme Fund (ACGSF) in Abuja, stressing that the new board signals “a new dawn” for agricultural financing in the country. Speaking at the inauguration, Cardoso described the ACGSF as one of Nigeria’s oldest development finance programmes and a critical tool…

The Naira at the official market of the Central Bank of Nigeria (CBN) closes flat N1454 against the dollar on Monday.  At the official Nigerian Foreign Exchange Market (NFEM) rate, the local currency had closed last week at N1,454 against the dollar from N1,446.90 against the dollar it opened for trading. Meanwhile, the overnight lending rate remained unchanged at 22.7per…

The Nigerian equities market kicked off the week on a bullish note, with a gain of N248 billion on investors’ positive sentiment. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 387.87 basis points or 0.26 per cent to close at 147,427.95 basis points. Also, market capitalisation gained N248 billion to close at N93.970 trillion. Market sentiment was…

Access Bank Botswana, a subsidiary of Access Bank Group, has achieved global recognition by securing three prestigious international awards that celebrate its innovation, customer-centric approach, and commitment to social impact. These accolades underscore the Bank’s dedication to transforming Botswana’s financial landscape through digital excellence and purpose-driven banking.  Access Bank was named Best Digital Banking Initiative, Botswana by The Digital Banker…

The Securities and Exchange Commission (SEC) has announced a series of wide-ranging reforms aimed at strengthening market efficiency, deepening investor confidence, and accelerating the digital transformation of Nigeria’s capital market.  SEC Director-General, Dr. Emomotimi Agama, unveiled the initiatives during the second Capital Market Committee (CMC) meeting for 2025, where he also confirmed Nigeria’s move toward a T+1, and eventually T+0…

United Bank for Africa (UBA) Plc has reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, after the bank, for the third time in five years, was adjudged African Bank of the Year 2025 by The Banker.com. UBA also won the Best Bank of the Year awards in nine of its 20 African subsidiaries, bringing…

The Securities and Exchange Commission (SEC) and Nigerian Exchange Group, during the weekend expressed that the newly signed Investments and Securities Act (ISA) 2025 signed into law by President Bola Tinubu is expected to drive the nation’s economic growth and further enhance capital formation in the capital market.  Both capital market regulating bodies stated this in Lagos during the Capital…

FCMB Group Plc reported a 46 per cent year-on-year growth in profit before tax to N134.5 billion in its nine-months ended September 30, 2025. The company’s audited results released on the Nigerian Exchange showed that gross revenue grew by 40.9 per cent to N828.1 billion for the period ended September 2025 from N587.7 billion for the same period prior year,…

By Kunle Sanni – The President of Dangote Group, Aliko Dangote, has declared that Nigerians will no longer experience fuel queues, describing the era of scarcity as “gone forever” as the Dangote Refinery ramps up its supply capacity. Speaking on Friday after a meeting with President Bola Tinubu at the State House, Abuja, Dangote said the refinery is now capable…

United Bank for Africa (UBA) has announced a strategic partnership with the Lions Group, a leading entertainment and lifestyle company, targeted at delivering exclusive benefits to customers and Nigerians as part of the highly anticipated ‘Welcome to the Detty Side’ festive campaign. This collaboration which will offer premium entertainment experiences throughout the festive season, is designed to provide unrivalled value…