Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
Nigeria’s money supply drops 1.5% to N117.8 trn
…As credit to economy falls 5% to N96.7trn By Elizabeth Adegbesan Nigeria’s Money Supply (M²) dropped by 1.58 percent month-on-month (MoM) to N117.8 trillion in September 2025, from N119.7 trillion in August 2025, driven by a five per cent decline in banks’ credit to the economy. The Central Bank of Nigeria’s, CBN, disclosed this yesterday in its Money […]
CBN denies allocating $1.25bn for fuel import
The bank noted that the referenced figure of US$1.259 billion, as published in the CBN’s Q1 2025 Sectoral Utilisation of Foreign Exchange data, did not represent CBN disbursements.
FirstBank demonstrates effective assets and liability management with Eurobond Redemption
First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa and a leading financial inclusion service provider, has announced that it has redeemed its $350 million Eurobond upon maturity on 27 October 2025. The Eurobond was issued as Senior Notes in October 2020 at 8.625% with semi-annual coupon payments, which was 70% oversubscribed at […]
PTML Customs generates N116bn in Q3
By Cynthia Alo The Port and Terminal Multi-Services Limited (PTML) Command of the Nigeria Customs Service (NCS) generated N116.2 billion in revenue for the third quarter of 2025, Q3’25, representing a 34.3 per cent increase from the N86.5 billion recorded in the same period of 2024. Customs Area Controller of the Command, Comptroller Joe Anani, disclosed […]
Nigeria’s foreign inflow in stock market rises 846% to over N1trn
By Peter Egwuatu The Nigeria’s foreign portfolio inflow through the stock market increased sharply by 845.9% in two years as at September 2025, to N1.03 trillion against the figure of N108.93 billion in 2023. Conversely the foreign investment outflow increased by 443.6 % to N810.39 billion in the two year period as at September 2025 to […]
