Economy

CBN Withdraws Operating Licences of 46 Microfinance Banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) with effect from July…

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FCMB Group Shareholders Approve ₦0.35 Dividend, Ratify Board Appointments at 13th AGM

Shareholders of FCMB Group Plc have approved a final dividend of ₦0.35 per ordinary share for the financial year ended…

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Nigeria Secures $1.25 Billion World Bank Funding for Economic Reforms

Nigeria has obtained $1.25 billion in financing from the World Bank to support a broad package of economic reforms aimed…

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Fidelity Bank Director Increases Stake with 1 Million Share Purchase

Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) of an insider transaction involving Non-Executive Director, Okam Obiaku Augusta,…

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Stanbic IBTC to Release Audited Half-Year 2026 Results by August 29

Stanbic IBTC Holdings Plc has announced that it will publish its audited financial statements for the half year ended June…

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IMF Says Nigeria’s Unreported Spending Equals 2% of GDP

The International Monetary Fund (IMF) has disclosed that government expenditure equivalent to about 2% of Nigeria’s Gross Domestic Product (GDP)…

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First HoldCo Announces Closed Period Ahead of Half-Year 2026 Results

First HoldCo Plc has announced the commencement of a closed period ahead of the consideration and release of its unaudited…

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Access Holdings Director Acquires 6.7 Million Shares Worth ₦154.1 Million

Access Holdings Plc has notified the Nigerian Exchange Limited (NGX) of an insider dealing involving one of its Non-Executive Directors,…

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Fidelity Bank Vests 29.79 Million Shares in Senior Executives and Staff

Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) of the vesting of 29,787,745 ordinary shares in favour of…

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Nigeria Secures Initial $1.5 Billion Under $5 Billion UAE Financing Programme

Nigeria has secured the first $1.5 billion under its $5 billion financing programme with First Abu Dhabi Bank (FAB), the…

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