Banks Urged to Turn New Capital Into MSME Growth
Nigeria’s banking sector now has a stronger financial foundation following the recent recapitalisation exercise, but banks have been urged to ...
Tag: finance
The Tax Powering Nigeria’s Economy
Value Added Tax, popularly known as VAT, is one of the major taxes used to generate revenue for the government. ...
Why Big Sales Don’t Always Mean Big Profits
Revenue and profit are two of the most important figures in any business, but they do not mean the same ...
Lasaco Assurance Clears Recapitalisation Hurdle, Eyes Expansion
Lasaco Assurance Plc has completed its recapitalisation programme after receiving approval from the National Insurance Commission (NAICOM), marking an important ...
CBN Halts N700bn Treasury Bills Auction Amid Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled a planned N700 billion Treasury Bills auction that was scheduled for August ...
Otedola Boosts First HoldCo Stake With Fresh N18.1bn Share Purchase
Billionaire businessman and Group Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the financial services group ...
Oando Posts N32.8bn H1 Loss as Rising Debt Costs Weigh on Earnings
Energy company Oando Plc recorded a loss before tax of N32.84 billion in the first half of 2026, as high ...
IMF Keeps Faith in Nigeria’s Economy
Nigeria’s economy has received another vote of confidence after the International Monetary Fund (IMF) maintained its economic growth forecast for ...
High Interest Rates Tighten Credit for SMEs and Borrowers
Small and medium-sized enterprises (SMEs) across Nigeria are finding it harder to access affordable loans as high interest rates continue ...
NEC Approves $4.5bn Gazelle 2 Loan to Boost Nigeria’s Economy
The National Economic Council (NEC) has approved a new $4.5 billion Project Gazelle 2 financing facility to replace the existing ...
