Africa’s institutional capital pool rose sharply to more than $2trn in 2025, but the continent continues to struggle to channel these funds into critical infrastructure and industrial development, according to a new report by the Africa Finance Corporation (AFC). The findings, published in the AFC’s latest State […]
Category: Money Market
Money Market
Zedcrest Strengthens Institutional Play with Expanded Offerings, New Leadership
From left: Abass Akinsanya, Executive Director, Sales & Business Development, Zedcrest Wealth; Luke Ofojebe, CFA, Chief Investment Officer, Zedcrest Group; Simbiat Bada, Managing Director, Zedcrest Stockbroking; Adedayo Amzat, CFA, Group Managing Director, Zedcrest Group; Ademola Akogun, Managing Director, Zedcrest Investment Banking; Renah Osiemi, Managing Director, Zedcrest Wealth and Joseph Adegunwa, […]
SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Banks Face Rating Pressure Despite Meeting Capital Thresholds —DataPro
Nigerian banks may face increased scrutiny and potential rating pressure despite meeting new regulatory capital requirements, as credit rating assessments shift focus from the size of capital to its quality and resilience, according to DataPro, a technology-driven Credit Rating Agency. In its latest monthly rating brief, the agency […]
Nigeria’s Economic Growth Sustained As PMI Hits 53.2 In March
Nigeria’s economic expansion remained on a steady path in March 2026, as the composite Purchasing Managers’ Index (PMI) rose to 53.2 points, signalling continued growth in business activity across the country, according to the Central Bank of Nigeria (CBN). The latest PMI reading marks the sixteenth consecutive month […]
CBN Warns Against Naira Abuse, Promotes Clean Currency Culture
The Central Bank of Nigeria has renewed its warning against the abuse and mishandling of the naira, urging Nigerians to treat the national currency with respect as a symbol of sovereignty, while reaffirming its commitment to economic stability and ongoing monetary reforms. The apex bank said it remains focused […]
DataPro Begins Training For Media Practitioners On Credit Rating
DataPro, Nigeria’s Technology-driven Credit Rating Agency (CRA) has announced March 26th 2026 as the date for its annual virtual training for media practitioners. According to the agency in a statement, the training program was conceived by the company in 2021 as part of its Corporate Social Responsibility (CSR) […]
FCMB Raises N242.8bn, Meets N500bn Capital Requirement for International Licence
FCMB Group Plc has announced the completion of a major capital raise programme that generated a total of N242.8bn, enabling its banking subsidiary, First City Monument Bank Limited, to meet the Central Bank of Nigeria’s revised minimum capital requirement for an international banking licence. The financial services […]
Customers cart away items in DavoDani Save and Win Promo
Lucky customers of DavoDani Microfinance Bank Limited, carted away various rich items at the company’s Save and Win Promo draw. The event which took place at Haddasah Hall, Ogudu, Ojota, Lagos was another way of saying thank you to the teeming loyal customers. John Ologe, the MD/CEO DavoDani Microfinance […]
S&P Says Capital Hikes, End Of Forbearance Will Squeeze Nigerian Banks In 2026 ……Flags Consolidation Risk For Smaller Nigerian Banks Under New Capital Rules
Nigerian banks will face increased pressure in 2026 from tighter regulation, higher capital requirements and easing interest rates, although the sector is expected to remain profitable, according to a new outlook by global ratings agency S&P Global. In its Nigerian Banking Outlook 2026, S&P said the end of regulatory forbearance, […]