AVA Capital set for NGX listing to strengthen market visibility
By Peter Egwuatu AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited (NGX) by way of Listing by Introduction on Friday. According to a statement made available to Vanguard, the listing is a strategic transition into the […]
Dangote Refinery lowers petrol price by N75/l as oil falls by 5%
By Obas Esiedesa, Abuja Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, by six per cent, or N75 per litre, following a sharp decline in global crude oil prices triggered by easing tensions in the Middle East. The refinery said in a circular to marketers that the […]
IMF warns as Nigeria captures 60% of SSA stablecoin inflows
•Flags risks to monetary policy, financial integrity •As Nigeria ranks 2nd globally, with $59bn crypto inflows By Emma Ujah & Elizabeth Adegbesan The International Monetary Fund (IMF) has disclosed that Nigeria accounts for about 60 percent of stablecoin inflows into Sub-Saharan Africa,SSA, while warning that the growing use of dollar-backed digital assets could pose risks to […]
BRB Capital Group acquires Amalfi Capital to build regulated bridge between Lagos and global markets
The acquisition pairs an FCA-authorised UK platform with BRB Capital Group’s SEC-regulated Nigerian operations, creating cross-border investment infrastructure for the £8.1bn UK-Nigeria trade corridor
Indigenous companies can build institutions that compete with the very best – Marketsquare CEO
Ebele Enunwa, Marketsquare CEO, shares insights into the company’s decade-long journey, its contribution to Nigeria’s economic development…
Digital postcode to transform commerce, security, cut delivery costs — Tijani
By Progress Godfrey The Federal Government has said Nigeria’s Digital Alphanumeric Postcode System, scheduled for launch this year, will transform commerce, strengthen security and significantly reduce delivery costs nationwide. Speaking at the National Digital Alphanumeric Postcode System workshop in Abuja, Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, described the initiative as critical […]
TCN expresses concern over rising cases of vandalism in Niger State
By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during a community engagement visit to Lambata in Gurara Local Government Area yesterday, the General Manager, Transmission, Abuja […]
Revenue from VAT, CIT falls 6% to N3.79trn in Q1’26
By Elizabeth Adegbesan Revenue generated from Value Added Tax, VAT, and Company Income Tax, CIT, fell year-on-year (YoY) by 6.2 percent to N3.79 trillion in the first quarter of 2026 (Q1’26) from N4.04 trillion in Q1’25. The National Bureau of Statistics, NBS, disclosed this in its report on VAT and CIT for Q1’26 , which showed […]
CBN orders fintechs, banks to localise payment data, caps market dominance
•Mandates beneficial ownership disclosure •Sets 25% threshold, 15% cross-market cap •Compliance deadline set for Dec. 31, 2026 By Babajide Komolafe The Central Bank of Nigeria, CBN, has directed banks, fintechs and other operators in the payments ecosystem to store all payment transaction data generated in Nigeria within the country, while also introducing measures to curb […]
FirstBank hits N1bn daily disbursement on FirstAdvance
FirstBank Nigeria yesterday announced that FirstAdvance, its flagship salary backed digital loan product, has hit a milestone of N1 billion daily disbursement. The bank, in a statement, said that the feat underscores its commitment to delivering innovative, accessible, technology-driven financial service solutions to its customers. “FirstAdvance is a convenient loan offering for salary earners, that enables […]
Cardoso launches Nigerian Overnight Financing Rate
•Provides benchmark for pricing loans, deposits By Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, launched the Nigerian Overnight Financing Rate (NOFR), to guarantee greater transparency in the financial market. The NOFR is a daily benchmark interest rate introduced by the CBN in collaboration with […]
