Business

Growth slowed in the Nigerian private sector at the end of the first quarter of the year as higher fuel costs led to a steep intensification of inflationary pressures. Output growth was only modest, but underlying demand reportedly remained resilient, leading to a further sharp rise in new orders. In …

  The Managing Director of Guaranty Trust Bank, Miriam Olusanya has identified Leadership, Technology and Inclusion as the forces that will define true disruption in African finance ecosystem. Speaking recently as the Keynote speaker at the 2026 Marquee event of the Association of Professional Women Bankers, on the theme, “Disrupting …

World Bank Group has said that it is working with governments, the private sector, regional partners, and other stakeholders to help them through this new set of challenges posed by the U.S.—Israel war on Iran. The Multilateral Institution in a statement, said “A number of the World Bank Group’s clients …

Billionaire Industrialist, Philantropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year. According to the latest Forbes list, Rabiu’s wealth surged 120 percent to …

Following a major breach of FCMB’s digital applications, the EFCC has remanded a suspected syndicate member involved in the ₦3.09 billion cyber-enabled fraud. First City Monument Bank (FCMB), one of Nigeria’s leading Tier-2 financial institutions, has reportedly lost a staggering sum of N3.09 billion to suspected cybercriminals. One of the …

On Saturday, March 28 2026, Zenith Bank held the climax of its month-long activities to commemorate March as women’s month. The event which held at The Civic Centre, was the second of such activity at the Centre, having held the International Women Day Seminar on the 9th of March, 2026. …

  … Commends CBN’s Global Recognition The Association of Corporate Affairs Managers of Banks (ACAMB) has commended the Nigerian banking industry for its strength, capacity and resilience following its enviable compliance ahead of the March 31 recapitalisation deadline. With over 96% compliance, the association applauded the disciplined execution of the …

  The Central Bank of Nigeria (CBN) has filed an appeal against the Federal High Court, Lagos Division’s judgment that voided its takeover of Union Bank of Nigeria Plc and ordered the reinstatement of the bank’s former board of directors.   The March 25, 2026 ruling, delivered by Justice Chukwujekwu …

Leading payment service bank, MoneyMaster Payment Service Bank (MMPSB), has raised the bar of its mobile banking app to improve the order flow for its airtime and data products so as to enhance customers’ experience. MoneyMaster’s Head of Business, Tajudeen Omokhide, disclosed in a press statement that the PSB’s “mission is to transform …

FirstBank, West Africa’s premier financial institution and financial inclusion services provider, is pleased to announce the upcoming edition of the SMEConnect Webinar scheduled to hold on Tuesday, 31 March 2026. The event will equip small and medium-sized enterprises (SMEs) with the knowledge and tools to harness the power of Artificial …