
Ring‑fencing Nigeria’s Financial Conglomerates
For years, Nigeria’s financial conglomerates have operated in ways that blur the lines between their constituent parts. A bank holds deposits. Its fintech subsidiary processes payments. Its...
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For years, Nigeria’s financial conglomerates have operated in ways that blur the lines between their constituent parts. A bank holds deposits. Its fintech subsidiary processes payments. Its...

United Bank for Africa Plc has announced the appointment of Mr. Emmanuel N. Nnorom as its next Group Chairman, effective 21 August 2026, following the scheduled retirement of Mr. Tony O. Elumelu from...

How legal frameworks, public policy, and economic outcomes intersect during political transitions in Nigeria

Effective today, the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks under Sections 12 and 13 of BOFIA 2020, approved by Governor Cardoso. The stated grounds:...

When Nigeria's Central Bank raises its interest rate, commercial banks raise the rates they charge borrowers quickly and by a large amount. When the Central Bank cuts its rate, commercial banks reduce...

Ecobank Transnational Incorporated, the pan-African banking group, has approved a dividend distribution of $40 million to shareholders following its 38th Annual General Meeting held in Lomé, Togo on...

Seplat Energy, one of Nigeria's largest upstream oil producers, is undergoing a significant leadership transition that signals a broader shift in ownership and control of the country's energy sector...

Oil is trading with a clear war premium again. Prices have not returned to the April spike, but the latest jump shows that markets are re-pricing risk as if the Strait of Hormuz were a structural...

Nigeria now moves more than ₦1 quadrillion a year through electronic payments, based on Nigeria Inter‑Bank Settlement System (NIBSS) data for 2024. That means money sent by bank transfer, card, mobile...

Nigeria is weighing a rare opportunity to reshape its debt profile. With Brent crude up sharply in 2026 and investor demand pushing Nigerian Eurobond spreads to their lowest in more than a decade,...

Nigeria’s capital market has moved from a two‑day settlement cycle (T+2) to a one‑day cycle (T+1), becoming the first market in Africa to do so. The change means that when investors trade shares or...

Retail loans decline despite rise in consumer credit to ₦3.81 trillion in January Nigeria’s consumer credit outstanding rose to about ₦3.81 trillion in January 2026, up 0.79% from ₦3.78 trillion in...