Business

Credit ratings agency Fitch Ratings has downgraded Ecobank Nigeria’s viability rating to ‘f’ from ‘ccc.’ A viability rating assesses a financial institution’s intrinsic creditworthiness, including its standalone strength and capacity to weather economic downturns. The downgrade of the viability rating to ‘f’ “reflects Fitch’s view that the bank has suffered …

The Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to dismantling structural bottlenecks hindering the realisation of a self-sufficient refining ecosystem in Africa. Ojulari disclosed this while delivering a keynote address titled “Building an African Refinery Hub” at the Global Community Insights …

Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN). The 30-day moving average between June 18 and July 18 …

…Says Dangote Refinery imports 9-10m barrels of crude monthly from US, others Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief …

Domestic investors maintained a commanding presence on the Nigerian Exchange Limited (NGX) in the first five months of 2025, with total transactions surging to N2.419tn, more than double the N996.03bn recorded from foreign portfolio investors within the same period. This is according to the May 2025 edition of the Domestic …

As part of its ongoing commitment to environmental sustainability and social inclusion, Nestlé Nigeria has launched a comprehensive Safety, Health, and Environment (SHE) Training Program, empowering 100 plastic waste workers across Lagos and Abuja. This initiative aims to enhance the safety and wellbeing of these invaluable workers while empowering them …

Zenith Bank Plc has been named “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025, emerging as Nigeria’s standout performer, and clinching the biggest and most coveted country award. The award, which was presented to the bank on Thursday, July 17, 2025 at The Peninsula, London, is a testament …

FirstBank, a leading financial institution and provider of financial inclusion services in West Africa, announces the achievement of ₦1 trillion in cumulative instant digital loan disbursements. This accomplishment further consolidates the Bank’s reputation for innovation, leadership in financial inclusion, and commitment to customer empowerment within. Since its inaugural digital loan …

Following the success of its debut season, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, announces the return of the InvestBeta Game Show, with registration officially open. The second season of the InvestBeta show builds on the first edition, aimed at equipping young Nigerians with real-world financial …

In recognition of its position as a digital pioneer in the African banking landscape, Africa’s first fully digital bank, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most innovative bank, Wema Bank, has been awarded Nigeria’s Best Digital Bank at the Euromoney Awards 2025. Euromoney is a …