Author: Ogochukwu Ndubuisi

Oil prices climbed Tuesday as US President Donald Trump’s rejection of an extension to a framework agreement

Sukuk is emerging as an alternative funding tool for some African sovereigns, Fitch Ratings says. Sukuk

The Nigerian Exchange (NGX) equities market capitalisation declined on Monday as investors’ portfolio values fell by more than N106 billion due to sell-side pressure.

Headline inflation rate dropped from 15.91 per cent in June to 15.43 per cent in July, according to newly released data by the National Bureau of Statistics (NBS)

TAJBank’s PBT Rises by 74%, Assets Grew to N1.34 trn in 2025 TAJBank Limited, a non-interest bank (NIB) has grown its Profit Before Tax (PBT), surging year-on-year by 74 per cent to N31.562 billion for the 2025 financial year (FY). The figure grew from N18.166 billion recorded in the 2024 FY, the bank’s 2025 audited financial statement says. A statement by the bank’s Managing Director/CEO, Mr Hamid Joda, said in Abuja on Monday that its total assets also grew to N1.34 trillion from N953 billion in the preceding year. Joda said the bank’s non-interest lenders’ total equity grew to N149…

Heirs Insurance Group Records ₦115 Billion in Gross Written Premium •In 2025, the Group paid ₦19.4 billion in claims, with seven out of every ten claims settled within 24 hours Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has announced the audited financial results of its companies for the year ended December 31, 2025, delivering a landmark performance marked by strong year-on-year record, increased claims payout, and international recognition for growth. Combined Results The results come on the heels of a landmark international recognition: Heirs Life Assurance and Heirs General Insurance were both named among the Financial Times’ Africa’s Fastest-Growing…

Equities analysts differ on Airtel Africa’s target price as the market looks forward to the group’s initial public offering

BRICS Explores Integration of Instant Payment Systems, Digital Currencies The BRICS countries are considering the possibility of integrating their national instant payment systems and central bank digital currencies. Sanjay Malhotra, Governor of the Reserve Bank of India, said this would reduce the cost of cross-border transactions. His comments were covered in the Brazilian media as reported by TV BRICS, a NAN partner. According to him, the group’s members are currently discussing several options for financial integration. He said discussions are centered on improving the efficiency of cross-border transfers. Malhotra said integration will bring national financial systems, which currently operate independently…

China’s Imports From Nigeria Rose by $2.3bn in 6 Months — Envoy Chinese Ambassador to Nigeria, Yu Dunhai, says China’s imports from Nigeria rose by about 2.3 billion dollars in the first half of 2026, an increase of 80 per cent. Yu disclosed this during an international seminar on “China’s Zero-Tariff Measures and Africa’s Economic Structural Transformation”, organised by the Centre for China Studies (CCS) on Friday in Abuja. According to him, the surge follows the implementation of China’s zero-tariff policy for African countries. The ambassador said Nigeria-China bilateral trade also reached 18 billion dollars within the same period, representing…

SEC Directs Capital Market Operators to Freeze Assets of 9 Terrorism Financiers The Securities and Exchange Commission (SEC) has directed Capital Market Operators (CMOs) to freeze the funds, assets, and other economic resources belonging to six individuals and three entities designated as terrorist financiers. SEC said the terrorists’ financiers were tagged as such by the Nigeria Sanctions Committee (NSC). SEC, in a circular on Friday to all Capital Market Regulated Entities (CMREs), said the directive was made in line with the Terrorism Prevention and Prohibition Act (TPPA) 2022. The six individuals are Babangida Muhammed Adamu Hammajam, Abdullahi Umar Usman, Ibrahim…