. The Africa Finance Corporation (AFC), through its asset management subsidiary AFC Capital Partners (ACP), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria), a new vehicle...
. The African Export-Import Bank (Afreximbank) recorded a 30% increase in net income to $534.7 million in the first half of 2026, supported by stronger lending activity and higher interest and fee inc...
. Nigerian fintech Saly AI has surpassed 20,000 users and processed more than N1.5 billion in transaction volume as it expands its conversational financial services through WhatsApp and Telegram. The ...
. The National Information Technology Development Agency (NITDA) has warned that Nigeria can no longer rely on conventional regulatory approaches to safeguard financial stability as banking and financ...
. A Federal Capital Territory High Court judgment against Stanbic IBTC Bank has highlighted the growing legal and reputational risks businesses face when they continue using customers’ personal inform...
. eTranzact International Plc increased its revenue by 22.6% to ₦16.28 billion in the first half of 2026, but the payments company recorded a decline in profitability as operating and transaction-rela...
. Absa Group is stepping up investment in technology and digital banking, with the pan-African financial services group spending $540 million on its digital transformation strategy as it seeks to mode...
. Standard Bank, Africa’s largest lender by assets, is positioning itself to capture a larger share of the continent’s rapidly expanding digital payments market as electronic transactions become incre...
. OPay Limited recorded a sharp increase in transaction activity in 2025, with its gross transaction value (GTV) more than doubling to $358 billion, as the African fintech continues to expand ahead of...
. The Economic Community of West African States (ECOWAS) is advancing plans for a regional carbon market as the bloc seeks to close an estimated $294 billion climate finance gap and attract greater in...
. United Bank for Africa (UBA) Plc has partnered with Mikano Motors to introduce a new vehicle financing programme aimed at making new cars more accessible to Nigerians facing rising vehicle acquisiti...
. Global payments technology company Mastercard has appointed Yasemin Bedir as President of its Eastern Europe, Middle East and Africa (EEMEA) region, placing a veteran company executive at the helm o...
. Digital payment infrastructure could play a critical role in helping Nigeria’s micro, small and medium enterprises (MSMEs) overcome persistent financial and operational challenges, according to eTra...
. The Financial Reporting Council of Nigeria (FRC) is set to lead a national conversation on the future of auditing as artificial intelligence increasingly changes how businesses prepare financial rep...
. Africa’s startup ecosystem experienced one of its sharpest funding contractions in recent years in July 2026, as total investment into the continent’s technology companies fell by more t...
. The Nigerian Exchange (NGX) extended its positive run on Thursday, adding ₦191.77 billion to investors’ wealth despite a negative market breadth that saw declining stocks outnumber gainers. Th...
. Rex Insurance Limited has successfully met the new Minimum Capital Requirement (MCR) introduced by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA)...
. Demand for credit from Nigerian businesses and households strengthened during the second quarter of 2026, while banks recorded fewer loan defaults across most segments of the economy, according to t...
. African finance management platform Bujeti has introduced a new payment solution designed to go beyond collecting customer payments by automatically categorising transactions, updating financial rec...
. The World Bank has advised developing economies to shift their artificial intelligence (AI) strategies away from the costly pursuit of building frontier AI models and massive data centres, urging go...
. LivingTrust Mortgage Bank Plc reported a sharp decline in profitability for the first half of 2026, with profit before tax plunging 76% year-on-year, even as the lender recorded robust growth in cus...
. FirstHoldCo Plc has achieved a historic milestone on the Nigerian Exchange (NGX), becoming the first banking group in the country’s history to attain a market capitalisation exceeding N6 trill...
. The African Development Bank (AfDB) has warned that West Africa’s persistent development financing gap is less about a shortage of capital and more about the region’s inability to effect...
. FirstBank of Nigeria has cautioned that recent improvements in Nigeria’s macroeconomic indicators will have little impact on ordinary citizens unless they translate into stronger private-secto...
. The International Monetary Fund (IMF) has warned that governments burdened by rising public debt are increasingly relying on policies that suppress returns on savings a practice known as financial r...
. The Central Bank of Nigeria (CBN) absorbed approximately ₦7.18 trillion from the financial system through Open Market Operations (OMO) auctions in July 2026, signaling a subtle but significant adjus...
. Nigeria’s equities market staged a remarkable comeback in July 2026, adding ₦11.11 trillion to investors’ wealth as renewed demand for banking stocks and other fundamentally strong compa...
. Seplat Energy Plc has signed a binding agreement to sell a 10% working interest in its joint venture assets with the Nigerian National Petroleum Company Limited (NNPC Ltd.) for approximately $281.6 ...
. Access Bank Plc has dismissed viral claims circulating on social media alleging that it is preparing to shut down operations, describing the reports as false, misleading and deliberately crafted to ...
. First HoldCo Plc has unveiled a new shareholder-focused dividend policy that commits the financial services group to distributing at least 60% of its annual profit after tax (PAT) as dividends, mark...
. The Central Bank of Nigeria (CBN) is intensifying regulatory oversight of the banking sector following the conclusion of the industry’s recapitalisation exercise, amid growing concerns over th...
. Prestige Assurance Plc posted a strong earnings performance for the first half of 2026, reporting a 102% increase in profit after tax (PAT) to ₦1.05 billion, even as its gross premium written declin...
. Rank, the financial services and wealth management platform formerly known as Moni, has launched three new community-focused products designed to help young Africans access capital, save collectivel...