AltBank launches Autism campaign to bridge Nigeria’s critical diagnosis gap

By Seun Ibiyemi The severe shortage of early autism diagnosis in Nigeria has left hundreds of thousands of children without timely intervention, a gap health experts say is worsening developmental outcomes and placing long-term pressure on families and the healthcare system. In response, The Alternative Bank has launched its 2026 World Autism Month campaign titled…

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Retail investors flock to FGN savings bonds, DMO allots N3.64bn in April offer

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has allotted a total of N3.64 billion in its April 2026 Savings Bond offer, reflecting sustained interest among retail investors in government-backed securities. According to offer results released after the subscription window closed between April 7 and April 10, the issuance featured…

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CBN, FMDA launch nigerian overnight financing rate to boost market transparency

The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market. The development was disclosed in a statement issued on Friday in Abuja by Hakama Sidi-Ali, Acting Director of the CBN’s…

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Ecobank declares $0.16 dividend, signals return to shareholder payouts amid strong FY2025 performance

By Seun Ibiyemi Ecobank Transnational Incorporated has announced a final dividend of 0.16 US cents per share for the 2025 financial year, marking its first shareholder payout since 2023 and underscoring a rebound in earnings performance. The dividend, which is subject to applicable withholding tax and shareholder approval, translates to approximately N2.15 per share at…

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NDIC finalises plans to wind down 89 failed microfinance, mortgage banks

By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their acquisition by new owners. This was disclosed in a statement issued on Wednesday and signed by the corporation’s Head of Communication and Public Affairs, Mrs….

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Naira records mixed performance across official, parallel markets

By Seun Ibiyemi The Nigerian naira recorded a mixed performance on Tuesday, reflecting continued volatility in the foreign exchange market amid ongoing efforts to stabilise the currency. At the official window, data from the Central Bank of Nigeria indicated that the naira traded within a relatively stable range against the United States dollar, supported by…

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Cash outside banks declines as Nigeria’s liquidity conditions stabilise — CBN

Nigeria’s cash liquidity cycle showed signs of normalisation in February 2026, with currency held outside the banking system declining slightly, according to the Central Bank of Nigeria. Data from the apex bank’s latest Money and Credit Statistics report revealed that currency outside banks fell by 0.058 per cent to N5.20 trillion, down from higher levels…

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Ecobank, NCF to host 3rd National schools chess championship in Lagos

By Seun Ibiyemi Ecobank Nigeria, in partnership with the Nigeria Chess Federation, has announced plans to host the third edition of the Ecobank National Schools’ Team Chess Championship in May 2026. The organisers disclosed this in a statement on Saturday, noting that the competition is designed to promote critical thinking, discipline and intellectual development among…

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