African Export-Import Bank (Afreximbank) and the Lagos Chamber of Commerce and Industry (LCCI) have strengthened partnership to boost the participation of Nigerian small and medium-sized enterprises (SMEs) in intra-African trade, underscoring the country’s drive to harness the benefits of the African Continental Free Trade Area (AfCFTA). The partnership, which supported […]
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Trending News
Shareholders Approve Providus, Unity Business Combination
The shareholders and Boards of Directors of Providus Bank and Unity Bank at a court-ordered Extraordinary General Meeting (EGM) on Friday gave approval to proceed with the business combination of the two financial institutions. In a statement made available to the press, Providus Bank and Unity Bank expressed appreciation […]
Coronation Securities Limited Clinches Dual Recognition as Africa’s Premier Trading Platform …Brands Review Magazine and International Finance Awards honour Nigeria’s fastest-growing securities brokerage
Coronation Securities Limited has secured two prestigious industry accolades, cementing its position as Africa’s leading securities trading and brokerage platform. The firm received the Best Securities Trading and Brokerage – Africa 2025 award from Brands Review Magazine, whilst the International Finance Awards recognised it as the Fastest Growing Online Trading […]
Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues
Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues United Capital Group held a solemn and befitting memorial service in honour of six colleagues who tragically lost their lives on Tuesday, September 16, 2025, following a fire incident at Afriland Towers, the company’s Lagos headquarters. The service, […]
Airtel Africa Extends $55m Share Buy-Back Programme, Returns $34.7m to Investors
Airtel Africa Plc has announced an extension of its ongoing $55m share buy-back programme, after returning $34.7m to shareholders through the purchase of 14.2 million shares. The telecommunications and mobile money services provider disclosed that revised arrangements with Barclays Capital Securities Limited (Barclays) will facilitate the completion of […]
United Capital Mourns Six Employees Lost in Afriland Towers Fire
United Capital Plc has confirmed the deaths of six of its employees in the devastating fire that engulfed Afriland Towers on Broad Street, Lagos, on Tuesday, September 16, 2025, plunging the Nigerian financial services industry into mourning. In an official statement released on Wednesday, the leading investment banking […]
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 […]
FG Plans Online Harm Bill, AI Ethics Rules to Balance Innovation, Regulation
The Federal Government has announced plans to introduce an Online Harm Protection Bill and an AI Ethics Framework as part of a broader strategy to balance innovation with regulation in Nigeria’s digital ecosystem. Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, disclosed […]