Online News Magazine
Online News Magazine
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, following sustained improvements in key macroeconomic indicators and continued moderation in inflation. Briefing newsmen at the end of the 304th meeting of the Committee held on tuesday in Abuja […]
The Capital Market Academics of Nigeria (CMAN) commends President Bola Ahmed Tinubu for his bold and historic decision to restore 60% of the proceeds from profit oil and gas under Production Sharing Contracts (PSCs) back to the Federation Account. This marks one of the most courageous reforms of his administration and a decisive step toward […]
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso has stated that Africa must grow, industrialise, create jobs, expand opportunities, and lift millions out of poverty while also decarbonising and building climate resilience. Mr. Cardoso recently stated in his keynote speech at the Egypt 30by30 Programme organised by the Central Bank of Egypt […]
AfriGO cards are now available on PalmPay, enabling Nigerians to request the national domestic card directly through the PalmPay mobile app. This integration expands access to AfriGO by making the card request process available across both digital and physical touch points. By leveraging a platform already used daily for payments, transfers, and other financial services, […]
…Says Pre-Election Liquidity, Dangote IPOs To Reshape Nigerian Market The Managing Director of Arthur Steven Asset Management Limited and former president of Chartered Institute of Stockbrokers (CIS), Mr. Olatunde Amolegbe, has projected a 45.9 per cent return for Nigerian equities in the 2026 financial year, citing improving macroeconomic stability, pre-election liquidity, expected monetary easing and […]
Moniepoint Inc., Africa’s all-in-one financial ecosystem and Nigeria’s leading platform for small businesses, has released its 2025 Year in Review, celebrating a decade of “financial happiness” and transformative growth. With over 6 million active businesses on its platform, Moniepoint’s microfinance bank has now disbursed more than ₦1 trillion in credit, empowering thousands of enterprises — […]
The federal government has been charged to come up with proactive reforms.and policies towards achieving the one trillion dollar economy growth by 2030 A financial expert, the Executive Officer of CFG Advisory, Mr Tilwa Adebayo came up with this while reviewing the 2026 year’s economic forecast titled, “The urgency of now– reforms lead to productivity- […]
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons who contribute to the failure of banks. The Managing Director and Chief Executive of the […]
Nigeria’s banking sector is undergoing its most significant recapitalisation drive in over a decade, with financial institutions adopting varied strategies to meet the Central Bank of Nigeria’s (CBN) new capital requirements ahead of the March 31, 2026 deadline. The recapitalisation policy, introduced in March 2024, established a three-tier licensing structure: – Regional banks: ₦50 billion […]
FCMB Group Plc has secured a national banking licence for its flagship banking subsidiary after completing a major capital raise, positioning the lender to maintain domestic operations while pursuing the higher capital threshold required for international status under Nigeria’s ongoing banking sector recapitalisation programme. The development comes as the Central Bank of Nigeria’s (CBN) recapitalisation […]
