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FIRS, CBN, NEXIM, UBA, NDIC Back FICAN 2025 Conference on Digital Economy

  The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy. Among the supporters of the annual event are the Federal Inland Revenue Service (FIRS), the […]

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

    The Securities and Exchange Commission (SEC) has unveiled plans to drive the adoption of International Sustainability Standards Board (ISSB) disclosure frameworks in Nigeria, asserting that alignment with the global standards will strengthen market transparency, reduce information risk, and attract international capital flows into the country’s capital markets. Speaking […]

Wema Bank Concludes ₦150bn Rights Issue, Meets Regulatory Requirements For Commercial Bank  

  Wema Bank Plc has announced the completion of its ₦150bn Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025.   The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission.   According to the bank, the Rights […]

NGX Lifts Trading Suspension On Universal Insurance Shares

The Nigerian Exchange Ltd. (NGX) on Wednesday lifted the suspension placed on trading on the shares of Universal Insurance Plc, effective WednesdaySeptember 3, 2025. This development enables shareholders to resume trading the company’s shares on the NGX platform. In its weekly report, the NGX stated, “We refer to our Market […]

Nigeria’s TotalEnergies Deal Marks Shift To Gas Development- Komolafe ……Says New Agreement Aligns With Petroleum Industry Act

Nigeria’s production-sharing contract with TotalEnergies (TTEF.PA), its first guided by a new law designed to boost the OPEC member’s gas production, will serve as a template for future deals, the oil regulator said on Wednesday.   The country’s Petroleum Industry Act adopted in 2021 recognised the distinct economics of oil […]

Afreximbank Delivers HY’2025 Results With Net interest income at $835.9m

  African Export-Import Bank Group (Afreximbank/Group) has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025).   Amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions, the Afreximbank Group delivered, once again, satisfactory results for the first half of the […]

DMO Warns States Against Over-Borrowing, Advocates PPPs ……Says Nigeria Risks Debt Crisis Without PPPs, Improved Revenues

  The Director-General of Nigeria’s Debt Management Office (DMO), Ms. Patience Oniha, has cautioned state governments against excessive borrowing, urging them instead to adopt Public-Private Partnerships (PPPs) and prioritise tax revenue mobilisation to fund infrastructure projects.   She warned that without such measures, Nigeria risks sliding into another debt crisis. […]