Fit Row

World Bank cuts CBN grant to $6.8m The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to $6.80m, with board consideration for the project now scheduled for March 27, according... Read More →

Capital gains tax jumps 429% to N12.18bn Capital gains tax revenue surged by about 429 per cent in December 2025 to N12.18bn, up from N2.30bn in November, as fresh tax reforms stoke expectations of a higher 30 per cent rate.... Read More →

FX sale dispute: Manufacturers drag CBN, banks to court Not all manufacturing companies have received payment for their unpaid foreign exchange forward contracts. These companies’ unsettled FX backlogs have continued to incur losses too big to bear, the Manufacturers Association... Read More →

Calls grow for bigger Sukuk to fund infrastructure Experts in Nigeria’s non-interest finance space have called for larger and more frequent Sukuk issuances to deepen the market, unlock long-term capital for infrastructure, and widen financial inclusion, as volatility in global... Read More →

Stock Market Advances by N1.4trn on Q4 2025 Corporate Earnings The Nigerian stock market yesterday closed  on a positive note, with investors gaining N1.4rillion, driven by strong Q4 earnings reports from key companies. The Nigerian Exchange Limited All Share Index... Read More →

CardinalStone raises N12.63bn in Series 1 infrastructure financing CardinalStone Asset Management Limited has closed Series 1 of the CardinalStone Infrastructure Debt Fund, securing N12.63bn in investor commitments. According to a statement from the firm on Wednesday, the successful close of... Read More →

CBN reforms, rising oil prices lift FX fortunes Nigeria’s foreign exchange outlook has received a fresh boost from the recent rally in global oil prices, with Brent crude trading comfortably above the Federal Government’s 2026 budget benchmark of $64.85 per... Read More →

CBN survey: 87.5% of Nigerian fintechs use AI for fraud detection About 87.5% of Nigerian fintech companies now deploy artificial intelligence (AI) for fraud detection, highlighting how risk management concerns are shaping technology adoption across the country’s fast-growing digital finance... Read More →

Fintechs seek CBN clarity on permissible activities in crypto market  Fintech operators in Nigeria are urging the Central Bank of Nigeria (CBN) to clearly define which cryptocurrency-related activities are permitted for licensed institutions. This call comes amid persistent regulatory uncertainty that industry players... Read More →

Transcorp Hotels reports N32.8 billion FY2025 profit, declares final dividend Transcorp Hotels posted a full-year pretax profit of N32.8 billion in 2025, up 45.1%, driven mostly by strong revenue, which grew 38.36% to N97 billion. The growth was further encouraged... Read More →