Section
Banking, investment, insurance and personal finance
The National Insurance Commission has begun final verification of insurers' compliance with higher capital requirements, with consolidation expected to follow.
The Securities and Exchange Commission has warned that a lack of credible companies willing to list is limiting the depth of Nigeria's capital market.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
KuCoin Nigeria has secured conditional approval-in-principle from the Securities and Exchange Commission to join its regulatory incubation programme.
Five leading Nigerian financial institutions reported a combined pre-tax profit of about N2.29 trillion in the first half of 2026, cementing banking's dominance of corporate earnings.
The US banking giant plans to establish a merchant bank in Nigeria before the end of 2026 and has added the country to a new emerging-market bond index, in twin votes of confidence for the capital market.
The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.
Loan books are expanding again, but provisioning is rising alongside them.
New scoring models are widening access, though questions over pricing remain.
Positive real yields are drawing domestic institutions back into the long end.
Penetration remains thin, but distribution and digital products are opening new channels.
Earlier in April, it approved another $266.7m plus CFA30bn for projects across Nigeria, Ghana, Senegal, Côte d’Ivoire and The Gambia. In...
Banks Have More Cash Than They Can Immediately Deploy The CBN data showed that banks’ SDF placements rose from N6.014tn on September 28...
The second issuance would complete the first phase of a programme designed to restore liquidity and confidence among electricity generators.
At least 30 percent of the sovereign-guaranteed funding is expected to support Nigerian small and medium-sized enterprises.
Customer deposits expanded and the capital ratio remained strong, but the 2025 accounts showed that balance-sheet growth did not produce higher gross revenue.
Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.
The consumer regulator said its lending rules target opaque charges and aggressive recovery practices, not lawful telecom credit products.
The transaction lifted eligible capital above the N500 billion minimum for an international commercial-bank licence, subject to final approvals.
The two-year exercise lifted paid-up capital across the banking system, with the regulator saying every affected lender chose a route to compliance.