22 h. ago NGBMDP sustainable finance bootcamp to empower Nigerian businesses for green growth

The Nigeria Green Bond Market Development Programme (NGBMDP), a strategic partnership of FMDQ Group Plc and Financial Sector Deepening Africa read more NGBMDP sustainable finance bootcamp to empower Nigerian businesses for green growth

Politics

59 h. ago Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, stimulate economic growth

Tribune Online Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, stimulate economic growth THE new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […] Energy experts say Dangote’s initiative will reduce production costs, ease inflationary pressures, stimulate economic growth Tribune Online

Economics

4 d. ago Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report

Tribune Online Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report NIGERIA’S banking sector recorded a strong 39.6 per cent year-on-year growth in 2024, with total assets rising to N170.02 trillion from N121.8 trillion in 2023. This remarkable expansion was fueled by surging remittance inflows, the widespread adoption of digital financial services, and broader sector reforms, according to the State of Enterprise (SOE) Report 2025. Despite […] Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report Tribune Online

Politics

4 d. ago How new tax law impacts banks’ operations in Nigeria — Analysis

Tribune Online How new tax law impacts banks’ operations in Nigeria — Analysis THE recently introduced tax reform bills spearheaded by the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Mr. Taiwo Oyedele, are reshaping the Nigerian financial landscape—with the banking sector at the heart of the transformation. The reforms, which aimed to broaden the tax net and enhance government revenue, place significant operational and compliance responsibilities […] How new tax law impacts banks’ operations in Nigeria — Analysis Tribune Online

Politics

5 d. ago NASRDA seeks Afreximbank’s intervention to boost space sector financing in Africa

Tribune Online NASRDA seeks Afreximbank’s intervention to boost space sector financing in Africa "When you compare Africa's land surface area, it is more than the United States of America, India, China, Japan, Mexico and many European nations, combined." NASRDA seeks Afreximbank’s intervention to boost space sector financing in Africa Tribune Online

Politics

7 d. ago Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report

Nigeria’s payment infrastructure ranks most advanced in Africa From Adanna Nnamani, Abuja Nigeria’s Financial and Professional Services (FPS) sector recorded a strong performance in 2024 despite tough economic conditions, with Deposit Money Banks (DMBs) growing their assets to N170.02 trillion, about 63.1 percent of the country’s total GDP. This is according to the State of […] The post Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report appeared first on The Sun Nigeria.

Politics

9 d. ago Afreximbank’s Assets Hit $40bn As New President Emerges Saturday

The African Export-Import Bank (Afreximbank) has announced a tenfold increase in its total assets over the past decade, rising from $4 billion to $40 billion under the leadership of outgoing President, Prof. Benedict Oramah. Director of Communications and Events at the bank, Anne Ezeh, made the disclosure in Abuja on Tuesday during a media briefing […]

Politics

9 d. ago Afreximbank’s Assets Hit $40bn As New President Emerges Saturday 

The African Export-Import Bank (Afreximbank) has announced a tenfold increase in its total assets over the past decade, rising from $4 billion to $40 billion under the leadership of outgoing President, Prof. Benedict Oramah. Director of Communications and Events at the continental bank, Anne Ezeh, made the disclosure in Abuja on Tuesday during a media […]

Politics

1 week ago NGX, IFC Strengthen Nigeria’s Sustainable Finance Drive With Labelled Bond Workshop

Nigerian Exchange Limited (NGX), and the International Finance Corporation (IFC), have co-hosted a technical capacity-building workshop to advance labelled bond issuance in Nigeria, supporting the real sector and accelerating the country’s sustainable finance objectives. The workshop, themed ‘Unlocking Sustainable Capital for the Real Sector: A Deep Dive into the Labelled Bonds Issuance Process’, brought together […]

Politics

1 week ago Access Holdings emerges asset quality leader in 2025 rankings

Access Holdings PLC has been ranked the Tier 1 bank with the best asset quality in Nigeria, having posted the lowest Non-Performing Loan Ratio (NPLR) at 2.76 percent, according to Proshare’s 2025 Tier 1 Banking Report released, recently. This marks a significant achievement for Access Holdings, reinforcing its leadership in credit discipline, risk management, and […] The post Access Holdings emerges asset quality leader in 2025 rankings appeared first on The Sun Nigeria.

Politics

1 week ago DLM To Unlock N30bn Credit Expansion For MSMEs, Underbanked Sectors

DLM Capital Group has unveiled N30 billion financial instruments to drive credit expansion in Nigeria’s underbanked sector. The company emphasised the need to drive more credit expansion into the underserved areas to de-risk markets portfolios, protect assets and bonds within the frontiers of emerging markets. To this end, the company unveiled N30 billion Sovereign Bond […]

Politics

2 w. ago Analysts commend Nigerian Breweries Q1 report, point to future of greater performance

Players in the Nigerian financial services sector have commended the financial performance of Nigerian Breweries Plc in the first quarter read more Analysts commend Nigerian Breweries Q1 report, point to future of greater performance

Politics

2 w. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

Politics

3 w. ago NGX banking index leads activity chart as stock market posts weekly gains

Tribune Online NGX banking index leads activity chart as stock market posts weekly gains THE Nigerian Exchange (NGX) experienced vibrant trading activity in the first week of June 2025, with the NGX Banking Index emerging as the top performer. The index led gains across the market, driven by renewed investor confidence and increased interest in banking stocks, reflecting optimism around the sector’s growth outlook. Sector-wise, the Financial Services industry […] NGX banking index leads activity chart as stock market posts weekly gains Tribune Online

Politics

4 w. ago Africa loses $40bn annually in extractive industry on illicit financial flows

Africa is experiencing significant losses, estimated at around $40 billion annually, due to illicit financial flows in the extractive sector read more Africa loses $40bn annually in extractive industry on illicit financial flows

Politics

last month With $4bn Market Size, Nigeria’s Islamic Finance Industry To Surge In H2 – Fitch

Fitch Ratings forecasts a boom in Nigeria’s Islamic finance sector from the second half of 2025 through 2026, driven by rising sovereign sukuk issuances and expanding Islamic banking assets following new regulatory measures and liquidity tools introduced by the Central Bank of Nigeria (CBN). Following the introduction of liquidity tools for non-interest financial institutions in […]

Politics