By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of Nigeria (FGN) bonds for March 2026, as it continues to tap the domestic debt market to finance fiscal needs. According to details contained in the March bond offer circular, the issuance comprises…
By Seun Ibiyemi Nigerian banks have mobilised a total of N4.61 trillion in fresh capital under the ongoing recapitalisation programme of the Central Bank of Nigeria (CBN), reflecting robust investor confidence and increased foreign participation in the sector. This was disclosed in a statement issued on Tuesday following remarks by the CBN Governor, Olayemi Cardoso,…
By Seun Ibiyemi The Nigerian naira traded with relative stability on Tuesday, amid continued fluctuations in the foreign exchange market, reflecting cautious optimism driven by improving liquidity and market reforms. Latest data from market trackers indicate that the naira hovered around the ₦1,360–₦1,370 range against the United States dollar in the official Nigerian Foreign Exchange…
By Seun Ibiyemi The naira, recorded a relatively stable performance at the start of trading on Monday, maintaining its position against major global currencies despite ongoing market pressures. At the official Nigerian Foreign Exchange Market (NFEM), the naira traded at approximately ₦1,356.74 to the United States dollar, reflecting a steady trend seen in recent sessions….
By Seun Ibiyemi FCMB has raised the alarm over a growing number of ATM card swap incidents, urging customers to remain vigilant while carrying out transactions. In a customer advisory, the bank said fraudsters are increasingly adopting tactics that involve distracting ATM users and secretly exchanging their cards during transactions, leading to unauthorized withdrawals and…
By Seun Ibiyemi Access Bank Plc and King’s Trust International have signed a strategic partnership agreement aimed at expanding opportunities, entrepreneurship, and sustainable livelihoods for young people across Africa. The agreement was formalised by Access Bank’s Managing Director and Chief Executive Officer, Roosevelt Ogbonna, and Chief Executive Officer of King’s Trust International, Will Straw, during…
By Seun Ibiyemi The Nigerian naira, displayed signs of resilience on Monday as it posted modest gains against the United States dollar in the foreign exchange market, signalling a positive start to the week for the local currency. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel trading points across major cities indicated that…
By Seun Ibiyemi FairMoney Microfinance Bank on Monday appointed Gbenga Shobo as Chairman of its Board, in a move aimed at reinforcing corporate governance and executive capacity. The bank also announced the appointment of Debo Aderoju as Executive Director and Chief Risk Officer, further strengthening its leadership team as it expands operations in Nigeria’s growing…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has warned banking customers to safeguard their financial information by never sharing their Personal Identification Numbers (PINs), passwords, and other sensitive banking details with anyone. The apex bank gave the advice in a post on its official X handle as the world observes Global Money Week…
