In 2024, Nigerian banks reported impressive profits, driven by a combination of a new recapitalisation exercise and regulatory shifts, including the dissolution of boards/management and license...
Nigerian President Bola Ahmed Tinubu arrived in Abu Dhabi on Sunday and quickly met with Femi Otedola, the chairman of FBN Holdings Plc. Upon his arrival...
The Nigerian naira remained relatively stable during the first trading session of the week, despite ongoing pressure from the dollar’s strength and stronger-than-expected U.S. economic data....
Nigeria has secured $7.6 billion in investment interests at the Africa Investment Forum 2024, held in Rabat, Morocco, from December 4 to 6, 2024. The announcement...
The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), designed...
The ongoing debate among FBN Holdings Plc shareholders regarding the proposed N350 billion private placement has sparked discussions on corporate governance and transparency. However, some shareholders...
A Federal High Court has issued a series of orders, including Mareva injunctions, to freeze assets and accounts linked to General Hydrocarbons Limited, its affiliates, and...
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for the extension of export proceeds repatriation for exporters. A circular dated January...
The Securities and Exchange Commission (SEC) has announced plans to strengthen the regulatory framework for borrowing by governments and corporate entities in Nigeria. SEC’s Director-General, Dr....