Banks channel N3.78 trn surplus cash into govt. securities as CBN holds rate
The Central Bank of Nigeria (CBN)’s rate hold and a sizeable cash surplus in the banking system lifted demand for…
NAICOM recapitalistion
Over 70% of insurers meet requirement ahead of July 31 deadline More than 70% of insurance companies in Nigeria have…
China’s capital inflows to Nigeria fall 41% amid $20bn pledge
Capital inflows from China into Nigeria fell by 40.9 per cent in the first quarter of 2026 despite the Federal…
Cash outside Nigerian banks drops by N486 billion to seven-month low
Cash held outside Nigeria’s banking system has declined to its lowest level in seven months in June 2026, reflecting a…
AMCON recovers N165 billion H1 2026
The Asset Management Corporation of Nigeria (AMCON) has recorded a significant boost in its debt recovery efforts, recovering N165 billion…
Nigeria’s microfinance banks’ balance sheet hits N6 trillion
Nigeria’s microfinance banking industry has recorded significant growth over the past five years, with its total balance sheet rising from…
FG inaugurates committee to develop 2026 VAT modification order
The Federal Government has inaugurated an inter-ministerial committee to develop the 2026 value-added tax (VAT) modification order to ensure the…
IMF warns Africa to move fast on AI or miss out
The International Monetary Fund (IMF) has warned that sub-Saharan Africa risks missing out on one of the biggest economic opportunities…
World Bank to phase out lending to China by 2031
The World Bank has confirmed that it plans to phase out its lending to China by 2031, according to the…
Nigerian stock market rebounds with N1.58 trillion gains
The Nigerian equities market rebounded on Thursday, July 23, 2026, with N1.58 trillion gain in market capitalization, reversing losses in…