FINANCE

Nigerian Exchange Group (NGX Group), in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney, empowered over 200 students with essential financial literacy skills as part of the 2025 Global Money Week celebration. This initiative underscores a shared commitment to fostering financial inclusion and equipping young Nigerians with the...

The National Council on Privatisation, NCP, has announced that it was aiming to merge the Central Bank of Nigeria’s NIRSAL Microfinance Ltd with the Bank of Agriculture. The Council disclosed this in a statement on Wednesday, noting that it also plans to inject new capital into the institutions to rejuvenate...

BudgIT, a leading civic-tech organization advocating for accountability, transparency, and effective service delivery in Nigeria, has launched its States Fiscal Transparency League (SFTL). The SFTL initiative builds on the recently concluded World Bank's State Fiscal Transparency, Accountability, and Sustainability (SFTAS) Program, which promoted fiscal transparency and facilitated accountability in public...

  Sterling Bank Plc has signed a partnership agreement with Credit Café Africa for the distribution of a credit facility template, insurance and other value-added services for existing and potential customers of the bank in the health and education sectors of the economy. Speaking at the signing ceremony of the...

The Federal Government is to get $1.8 billion from the Islamic Development Bank (IDB), to be used to execute projects across the country. This was disclosed by the president of the Saudi-based bank, Dr Mohamed Jasser, at a meeting with the Minister of Finance, Budget and National Planning, Mrs Zainab...

  calls for international collaboration in managing financial crises   The Nigeria Deposit Insurance Corporation (NDIC) has revealed that its liquidation activities from inception involve 467 insured banks, comprising 49 Deposit Money Banks (DMBs), 367 Micro Finance Banks (MFBs), and 51 Primary Mortgage Banks (PMBs) as at December 31, 2021....

  Heritage Bank Plc has affirmed that adequate agricultural financing is critical in defining Nigeria’s trade competitiveness, which guarantees sustainable agricultural systems, generates foreign exchange – a critical aspect that equips the financial sector to respond to changing market requirements and address critical sector needs for global competitiveness. The Executive...

To boost funding for Nigerian creative industry, the African Development Bank (AfDB), the Islamic Development Bank (IsDB), and the French Development Agency (FDA) have announced plans to invest $618 million dollars in the Digital and Creative Enterprises Programme (I-DICE) in Nigeria. This was disclosed by the president of the AfDB, Dr...

Access Bank Plc and the U.S. International Development Finance Corporation (DFC), have entered into an agreement that will create funding opportunities for small businesses in Nigeria. In this regard, the Chief Executive Officer, CEO, of DFC, Scott Nathan has signed a commitment letter for $280 million in financing for Access...

U.S. International Development Finance Corporation (DFC) CEO Scott Nathan today signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria. Nathan disclosed that the loan will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion in Nigeria, including through...