To address funding gaps for the over 40 million small businesses, the Securities and Exchange Commission (SEC) said it has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to improve access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market. The …
Chairman of Heirs Holdings, Transcorp, and United Bank for Africa, Tony Elumelu in this interview with select journalist attending the International Monetary Fund/World Bank Annual meetings in Washington DC, spoke on a number issues including taking more risk with the pension funds You spoke on digital transformation and its benefits for Africa. What was your …
Nigeria will officially take over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025. The Central Bank of Nigeria (CBN) hinted at this on Wednesday, October 15. This comes after the federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24. READ …
The number of litigations claimed in monetary terms against Zenith Bank and six other lenders increased to over N4 trillion in the first half (H1) of this year, posing a significant threat to their balance sheets. The other six banks are Sterling Financial Holdings Company, Wema Bank, FCMB Group, Guarantee Trust Holding Company (GTCO), Stanbic …
A pinnacle Daily data analysis has revealed that out of the approximately 147 companies listed on the Nigerian Exchange Limited (NGX), 10 dominant firms are responsible for more than 60 per cent of the NGX's total market capitalization, exerting a significant influence on the exchange's overall performance BUA Foods now leads the top 10 most …
The National Insurance Commission (NAICOM) has said that regional insurance collaboration is needed to bridge the climate finance gap in West Africa. The Commission's Chief Executive Officer, Olusegun Omosehin, made the call while delivering a keynote address at the 2025 West Africa Insurance Companies Association (WAICA) Education Conference in Lagos on Monday, October 13. He …
The Federal Competition and Consumer Protection Commission (FCCPC) has described the Central Bank of Nigeria (CBN) policy to ensure banks refund customers for failed automated teller machine (ATM) transactions within 48 hours as timely and long-awaited. In a statement on Monday, October 13, the commission vowed to work closely with the CBN to enforce compliance …
Zenith Bank Plc has paid a total of N51.3 billion as interim dividend to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This reflects a 63.4 per cent increase from N31.4 billion paid in H1 2024. A statement released by the bank said the dividend payout, which was made on Friday, …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would lead Nigeria's delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC. The meeting opens on Monday, October 13, according to a statement on Sunday, October 12 signed by the Special Adviser to the President on Information and Strategy, …
The Central Bank of Nigeria (CBN) has introduced draft guidelines that will compel banks to provide instant refunds for failed Automated Teller Machine (ATM) transactions to customers. It issued the draft guidelines on Saturday, October 11, accompanied by a circular dated October 9 and signed by its Director of the Payments System Policy Department, Musa …
