Banks account for 92% of NFIU suspicious reports
Banks account for 92% of NFIU suspicious reports The Nigerian Financial Intelligence Unit has disclosed that banks, fintech companies and other reporting entities submitted 42,082 Suspicious Transaction Reports to the agency in 2025. The figure was contained in the NFIU’s... Read More →
Firm unveils SEC-approved $150m climate fund
Firm unveils SEC-approved $150m climate fund AFC Capital Partners, the asset management subsidiary of the Africa Finance Corporation, has launched its $150m Infrastructure Climate-Resilient Fund in Nigeria following regulatory approval from the Securities and Exchange Commission. The formal signing ceremony,... Read More →
Nigeria’s rate dilemma pits investors against manufacturers
Nigeria’s rate dilemma pits investors against manufacturers Nigeria’s monetary authorities face a difficult policy balancing act, which is to lower interest rates to make credit more affordable for businesses and households, or keep borrowing costs high to preserve the high... Read More →
Nigeria’s foreign reserves gain $7bn in eight months
Nigeria’s foreign reserves gain $7bn in eight months Nigeria’s external reserves have added $7.09 billion since the start of 2026, rising to $52.66 billion by 19th August, as the country’s foreign exchange position continues to strengthen. Figures from the Central... Read More →
NGX sheds N137bn as banking, insurance stocks slide
NGX sheds N137bn as banking, insurance stocks slide The Nigerian equities market extended its bearish trend on Monday as investor sell-offs pushed key indicators further into negative territory. The All-Share Index dropped by 265.99 points to close at 239,085.17, representing... Read More →