Nigeria recorded a sharp rebound in foreign capital inflows in the third quarter of 2025, with total capital importation rising to $6.01 billion, a 380.16 per cent jump from the $1.25 billion posted in the same period of 2024. This is according to a review of the Nigeria Capital Importation report for the third quarter …
The Bank of Industry (BOI) announced on February 9 that it has secured regulatory approval from the Central Bank of Nigeria to operate a Non-Interest Banking (NIB) Window. The announcement, however, has since sparked a wave of reactions from Nigerians. According to BOI, the NIB window will expand access to ethical, asset-backed, interest-free financing designed …
Employee corruption and occupational fraud are costing Nigeria’s Micro, Small and Medium Enterprises (MSMEs) between ₦5 trillion and ₦10 trillion annually, according to the Centre for the Promotion of Private Enterprise (CPPE). The organisation said this in a policy brief released by its Chief Executive Officer, Muda Yusuf, on Sunday. It described employee corruption and …
The Federal Government has said 2026 will signal the full rollout of the Nigeria First policy, moving the initiative from the planning stage to concrete, measurable implementation. This was disclosed by the Federal Ministry of Industry, Trade and Investment (FMITI) in its 2026 Outlook Summary. It said it will focus on practical measures to prioritise …
The Central Bank of Nigeria (CBN) has announced new penalties for banks and cheque printers that fail to follow cheque standards, declaring that offenders could face fines of up to ₦20 million. The new rules were shared in a circular sent on Thursday to deposit money banks (DMBs), cheque printers, and personalisers, according to a …
The Securities and Exchange Commission (SEC) said it is collaborating with the National Orientation Agency (NOA) to intensify public enlightenment campaigns against illegal investment schemes. SEC's Director General, Emomotimi Agama, made this known during a meeting with the NOA Director General, Mallam Lanre Issa-Onilu, in Abuja on Thursday. He lamented that the growing prevalence of …
At least five major capital projects in Lagos State’s budget, collectively valued at over ₦3.7 billion, recorded a performance of less than 20 per cent. Similarly, several projects posted zero execution, even as audit findings revealed ₦326.2 million in financial and administrative discrepancies across ministries and agencies. The revelation is contained in the Lagos State …
Nigeria’s capital market now faces a major shake-up following mandatory minimum capital requirements set for market entities. Not only will the move see market operators outpace their peers in other African countries, but it will also trigger survival of the fittest. On January 16, 2026, the Securities and Exchange Commission (SEC) announced new minimum capital …
The Central Bank of Nigeria (CBN) has directed that each licensed Bureau de Change (BDC) operator can access up to $150,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. The directive was issued on Tuesday in a circular signed by the CBN’s Director of Trade and Exchange Department, …
The Securities and Exchange Commission (SEC) has called on Nigerian civil servants to leverage opportunities in the capital market as a pathway to wealth creation, financial security and deeper participation in national economic growth. The Director-General of the SEC, Emomotimi Agama, made the call during a strategic engagement with the Head of Service of the …
