August 2026

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 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 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 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 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 →

Seplat leads as energy firms post N2.57tn revenue Nigeria’s listed energy companies recorded about N2.57tn in combined revenue in the first half of 2026, but their performances varied, with Seplat Energy posting strong growth while power generators Geregu Power and... Read More →

Stronger dollar supply lifts naira as reserves rise The naira recorded another weekly gain against the US dollar, benefiting from improved foreign exchange supply and stronger liquidity in the market. The currency closed at N1,346.49 per dollar in the official... Read More →

CBN urged to expand oversight of fintech, cloud risks The Central Bank of Nigeria has been urged to expand its oversight of financial institutions to cover risks from cloud providers, telecom networks, fintechs and other technology partners. Director-General of the... Read More →

SEC Proposes N30m Registration Fee, N2bn Capital Requirement for Crypto Firms The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for Nigeria’s digital asset industry, prescribing registration fees of N30 million and minimum capital requirements of up... Read More →

Amid Recapitalisation, NGX Insurance Index Records -8.65% YtD Performance Despite the recent insurance sector recapitalisation, the Nigerian Exchange Limited (NGX) Insurance Index has  depreciated by 8.65 per cent Year-till-Date (YtD) to emerge as the worst- performing segment on the bourse.... Read More →