CBN mandates BDCs to sell unutilised FX to NFEM within 24hrs
•May confiscate unutilised balance By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has directed Bureau De Changes, BDCs, to sell unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange, NFEM, market within twenty-four (24) hours of the expiry of the utilisation period. The apex bank disclosed this in its regulatory guidance on purchase of […]
Sterling Bank, FBN, Ecobank, 21 others reach recapitalisation goal
By Nkiruka Nnorom In an evolving development, 23 Nigerian banks, including Sterling Bank, First Bank of Nigeria (FBN), and several others, have successfully met the new capitalisation requirements set by the Central Bank of Nigeria (CBN). The accomplishment is a significant step toward strengthening the resilience of the country’s banking sector, which is critical in […]
UK investors lead Nigeria’s foreign inflow with $48m
By Yinka Kolawole THE Federal Ministry of Industry, Trade and Investment (FMITI) has revealed that the United Kingdom was the dominant source of new foreign investment into Nigeria in 2025, with roughly 65 percent of capital inflows, underlining the renewed appeal of the country to international investors. The inflows followed the activation of the UK–Nigeria Enhanced […]
NBS drops old consumption habits, refreshes inflation data
By Cynthia Alo The National Bureau of Statistics, NBS, has dropped outdated consumption habits that no longer reflect how Nigerians live and spend, following a long-overdue rebasing of the Consumer Price Index, CPI. Speaking at a virtual stakeholder engagement on the December 2025 inflation figure, organised with the Nigerian Economic Summit Group, NESG, the Statistician-General of […]
Mutual Funds assets grow 92% as investors increase patronage
By Peter Egwuatu Nigeria’s mutual funds are seeing strong growth, with total assets rising 92.6 per cent in one year as more investors put money into these investment products. According to data from the Securities and Exchange Commission (SEC), the total Net Asset Value (NAV) of mutual funds reached N7.416 trillion on November 28, 2025, up […]
Zichis Agro Allied Industries sets to list 600m shares on NGX
By Peter Egwuatu Zichis Agro Allied Industries Plc , has concluded arrangements to list 6000,000,000 ordinary shares of 50 kobo each at N1.81 per share on the floor of the Nigerian Exchange Limited, NGX following approval of the regulatory authorities. The company, at its completion board meeting for the listing by introduction on the Growth […]
