Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history.
OPay, leading digital financial services platform, has began legal action against people it accused of spreading a fake notice that it would shut down in Nigeria on September 1, 2026.
Optasia, fintech group appointed Michael Ikpoki, former CEO, MTN Nigeria, as a non-executive board member and audit committee member, effective September 1, 2026.
Securities and Exchange Commission (SEC), has proposed minimum capital requirements of up to N5 billion for operators in Nigeria’s retail forex and Contracts for Difference (CFDs) market, as it moves to bring both domestic and offshore platforms under formal regulation.
Cronos validators pulled the emergency brake on the entire blockchain at the weekend after security teams spotted a fast-moving attack draining funds from Tectonic, the network’s largest lending protocol.
OPay Digital Services has dismissed as “false, malicious and misleading” a viral social media publication claiming that the fintech company would suspend operations from September 1 (today).
Moniepoint Microfinance Bank has launched a new range of savings products and a campaign aimed at helping Nigerians build financial resilience and manage unexpected expenses.
Universal Insurance Plc is 65 years old, having being established in 1961 by the then Eastern Nigeria Government and African Continental Bank Plc, in partnership with Pearl Assurance Company of London and the Eastern Nigeria Development Corporation.
Economic and Financial Crimes Commission (EFCC) has arraigned Gideon Bakpa Aghogho, a First City Monument Bank (FCMB) staff member, and Oscar Ebere Chukwuebuka, his accomplice, over an illicit $25,000 access credential deal.
Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment.
Financial institutions in Nigeria filed 42,082 suspicious transactions reports to the Nigerian Financial Intelligence Unit (NFIU) in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight.
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PwC Nigeria have said Nigeria’s new tax guidelines for virtual assets provide welcome clarity but leave practical and legal uncertainties that could complicate
Securities and Exchange Commission (SEC) has directed all capital market regulated entities to terminate correspondent banking relationships and restrict business dealings involving the Democratic People’s Republic of Korea (DPRK) and Iran.
Cybercriminals have developed a new Android malware that can turn victims smartphones into a bridge for stealing bank card information and carrying out contactless payment fraud, cybersecurity…
The Securities and Exchange Commission (SEC) has cleared additional Virtual Asset Service Providers (VASPs) for admission into its Accelerated Regulatory Incubation Programme (ARIP). Among the newly…
Leadway Assurance has unveiled the Leadway Lifetime Plan, a one-of-a-kind whole-of-life insurance solution designed to extend financial protection beyond the immediate household to the wider family…
Mastercard and TeamApt Ltd., a subsidiary of Moniepoint Inc. and a provider of financial infrastructure and payment solutions, have entered a strategic collaboration to strengthen digital payment…
Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of six individuals and three entities designated as terrorism financiers by the Nigeria…
Securities and Exchange Commission (SEC) has issued an urgent directive requiring all capital market-regulated entities (CMREs) to immediately subscribe to Nigeria’s Sanctions (NigSac) Alerts system.…
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
KudiWave Technologies Limited has raised questions over the transfer of N750,369,439.04 from its account with PalmPay Limited, seeking clarification on the timing, destination and circumstances…
Credit demand for house purchases by Nigerian households rose to 9.6 index points in the second quarter of 2026 (Q2 2026), indicating increased borrowing for personal home acquisition. The Central…
Federal Ministry of Finance has halted enforcement of about N680 million in disputed fees imposed by the National Insurance Commission (NAICOM) on NICON Insurance Limited and Nigeria Reinsurance…