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Fiscal, FX reforms push Nigeria’s credit rating higher Nigeria’s fiscal and foreign exchange reforms that improved external reserves, increased FX liquidity, and strengthened confidence in the economy have prompted an upgrade of the country’s sovereign credit rating, among other economic... Read More →

63% of Nigerians want interest rates reduced – CBN The Central Bank of Nigeria says 63.3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex... Read More →

Investors trade 7.77 billion shares valued at N374bn Aggressive market demand propelled the Nigerian capital market upward last week, resulting in a phenomenal N374bn worth of shares changing hands. From heavy banking sector dominance and stellar individual stock performances to... Read More →

Mutual Benefits Assurance targets 48-hour claim payouts Mutual Benefits Assurance Plc has announced a streamlined claims process aimed at providing immediate financial relief to policyholders in a strategic move to redefine efficiency within the Nigerian insurance sector. The company revealed... Read More →

Autonomous inflows drive FX market recovery The decision to clear over $7bn in unsettled foreign exchange obligations has boosted investor confidence, as rising diaspora remittances, portfolio investments, and non-oil export earnings have strengthened reserves and accelerated recovery in Nigeria’s foreign... Read More →

Recapitalisation: Insurers scramble for N132bn as deadline stands With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory... Read More →

CBN, CIBN advocate stronger female banking leadership The African Women in Banking and Finance Association has held the maiden edition of its conference in Lagos, with several female key players from various institutions across the sector in attendance to advocate... Read More →

Naira strengthens to N1,853/£1 against British Pound amid UK’s political instability The Nigerian Naira has recovered from its April lows and shown signs of resiliency in the first half of May, while the British pound hit monthly lows amid a... Read More →

SEC approves FCMBAM mutual funds rebranding FCMB Asset Management Limited has secured approval from the Securities and Exchange Commission for the execution of supplemental Trust Deeds covering its mutual funds, including the rebranding of its legacy funds and reduction in... Read More →

Mutual Benefits pays N5.5bn April claims Mutual Benefits Assurance Plc has announced the disbursement of over N5.5bn in claims to its policyholders for the month of April 2026 in a significant demonstration of financial strength and operational reliability. The payout,... Read More →