President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period…
By Marcel Okeke It is really worth celebrating that the bank recapitalization exercise of the Central Bank of Nigeria (CBN) came to a successful conclusion on March 31, 2026, twenty-four…
President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate. The appointment is…
By Marcel Okeke Without any technical jargons or the blame games currently ongoing in the Presidency and topmost echelon of the officialdom, the stark reality is that the President Bola…
By ETIM ETIM Negotiations over the proposed merger of Providus Bank and Unity Bank have been stalled over the huge amount of insider credits owed by the directors of Unity…
By Marcel Okeke The popular idiom: “The chicken has come home to roost,” seems to be playing out in the Nigerian financial services industry where the policies of the Central…
After 12 years of meritorious service as a director of Access Bank PLC, Paul Usoro, SAN, retired last week, ending one of the most glorious eras in the history of…
By Marcel Okeke For upwards of a decade-and-half, the Central Bank of Nigeria (CBN) has been implementing the financial inclusion and cashless economy initiative. Introduced in 2011, the policy aimed…
Isaac Samuel Nigeria’s 2026 federal budget, a N51.59 trillion blueprint spanning nearly 2,800 pages, reads less like a roadmap for national development and more like a catalogue of misplaced priorities.…
By Tanimu Yakubu A striking feature of Nigeria’s current economic debate is the enthusiasm with which huge numbers are circulated—and the casualness with which they are assembled. Tax collections are…
By ETIM ETIM The annual dinner of the Chartered Institute of Bankers is one of the most enduring events in Nigeria’s corporate calendar. It brings together industry chiefs and senior…
By ETIM ETIM Less than a year after meeting the N500 billion minimum capital requirement, Access Holdings, the parent company of Access bank Plc, is raising additional N40 billion through…
By Akpandem James Every year, about this time, governments across Nigeria, both states and federal, shift attention to fiscal proposals for the coming financial cycle. By then, the Medium-Term Sector…
By ETIM ETIM While I wait for the Commissioners for Budget and Finance to give further details on the N1.39 trillion budget presented to the House of the Assembly by…
By Marcel Okeke The number and variety of taxes proposed, or already imposed by the President Bola Ahmed Tinubu administration in its 30-month of existence have begun to generate a…
By ETIM ETIM When in 2013 Aliko Dangote dreamt of establishing the first privately –owned refinery in his country, he turned to syndicate of 13 Nigeria’s banks to raise the…
By Aigboje Aig-Imoukhuede At the 2025 Africa Financial Industry Summit, I reminded my colleagues in finance that Africa’s capital challenge is not one of scarcity, it is one of…
By Marcel Okeke Palpable jubilation has been going on in Nigeria, especially in the officialdom and the financial sector in the past few days owing to the country’s removal from…
By ETIM ETIM When it was apparent that the tenure of Bolaji Agbede as the acting Group CEO of Access Holdings was coming to an end early this year, the…
By Prof. James Chinedu Ihemeje The recent report by The New Diplomat (October 8, 2025) that “Central Banks Now Hold More Gold Than U.S. Treasuries” is both significant and instructive.…
By ETIM ETIM Olayemi Michael Cardoso was named Nigeria’s twelfth Central Bank Governor on September 15, 2023 by President Tinubu; and after a rigorous senate confirmation hearing, he and…
By ETIM ETIM Access Holdings on Thursday announced the appointment of Mr. Innocent Ike as the substantive Group Managing Director/Chief Executive Officer of the Company, effective August 29, 2025, following…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its meeting on July 21 and 22, 2025 to decided to maintain the current monetary policy stance…
The International Monetary Fund (IMF) has commended the Federal Inland Revenue Service (FIRS) for the significant progress it has made in tax administration and Reforms in Nigeria. A Senior Economist…
The Nigerian Economic Summit Group (NESG) has declared that the 2025 Tax Reform Acts, would deliver “a more equitable, efficient, and transparent tax system provided its implementation is timely, inclusive,…
The federal government has directed the Financial Reporting Council of Nigeria (FRC) to peg the annual dues payable by private sector’s Public Interest Entities (PIEs) at ₦25 million. The federal…
The Managing Director/CEO, Financial Institution Training Centre (FITC) Dr. Chizor Malize, has said that Environmental, Social and Governance (ESG) is central to economic competitiveness, institutional resilience, and national transformation. Malize…
Isaac Samuel The House of Representatives Committee on Customs and Excise has issued a seven-day ultimatum to the Nigeria Customs Service (NCS) to stop the collection of the one per…
Isaac Samuel The House of Representatives Public Accounts Committee (PAC) has uncovered over N9.4 trillion in unpaid financial obligations owed to the Federation Account by several oil and gas companies…
As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) introduced time-bound measures for a small number of banks still completing their transition…
Fayemi Alleges Delay over Implementation of 2025 National Budget Former Ekiti State Governor, Dr. Kayode Fayemi, has alleged that the administration of President Bola Tinubu has not released funds to…
The BudgIT has itemized some of the crazy Insertions in the 2025 federal government’s budget, which revealed that the National Assembly 1,477 streetlights for N393.29 billion. It said that with…
The United Capital Asset Management Limited (UCAM) will roll out its N1 billion Children Investment Fund (CIF) today at a minimum of N5 million per subscriber through Initial Public Offer…
Isaac Samuel President Bola Ahmed Tinubu on Tuesday asked the National Assembly to approve $21.5 billion and €2.2 billion in fresh external loans to finance key infrastructure projects across Nigeria…
The NGX equity market capitalization dropped by N7.893 billion on Monday, May 19. The market opened at N68.953 trillion but closed at N68.945 trillion. Also, the NGX All-Share Index (NGX-ASI)…
The BudgIT has alleged that 11,122 projects valued at N6.93 trillion were inserted by the National Assembly into the 2025 federal government’s budget. The BudgIT’s breakdown of the alleged insertions…
Isaac Samuel The House of Representatives Committee on National Planning and Economic Development has cautioned the Central Bank of Nigeria (CBN) against the unintended consequences of maintaining high interest rates…
The Equipment Leasing Association of Nigerian (ELAN) has announced that the Nigerian leasing industry recorded N5.16 trillion transactions in 2024, which represented a growth of 23.2 per cent against N4.19…
Isaac samuel The House of Representatives has summoned the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and Governor of the Central Bank of Nigeria (CBN), Yemi…
Central Securities Clearing System PLC (CSCS), has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, which would go live on May 8, 2025. The USSD…
The Executive Secretary/ CEO of Financial Reporting Council of Nigeria (FRC), Dr. Rabiu Olowo, has announced that companies in Nigeria should not apply IAS 29 in preparing their Year 2025…
David Olujinmi Access Holdings spent the bulk of the N351 billion capital raised during its 2024 rights issue on acquiring Standard Chartered subsidiaries across Africa, the bank has revealed. Roosevelt…
Union Bank of Nigeria Plc is scrambling to recover a staggering N9.3 billion stolen from customers’ accounts in a sophisticated fraud linked to a major system breach. The incident, which…
Comfort Isaac Vice President Kashim Shettima has asked staff members of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to uphold the principles of transparency, equity and service excellence in…
By ETIM ETIM Shareholders of Access Holdings will meet in Lagos on May 15 to consider the group’s financial results for FY 2024 and review its expansion strategy for the…
Access Holdings PLC, a leading African financial services group, has announced its audited financial results for the full year ended December 31, 2024. The Group delivered 88% year-on-year growth in…
Securities and Exchange Commission (SEC) has declared that it is illegal under the Investment and Securities Act (ISA 2025) for anyone to operate digital asset exchanges or online foreign exchange…
Nigerian Naira again: “The Central Bank of Nigeria (CBN) on Friday injected $197.71 million into the foreign exchange (FX) market in a bid to restore calm as the naira crashed…
…Banks may resort to Commercial Paper to offset high interest expense By ETIM ETIM The decision of Access Bank to issue a N400 billion Commercial Paper (CP) to raise short-term…
With only one year left for banks to meet the deadline for the new share capital benchmarks, the Central Bank Governor, Yemi Cardoso has expressed satisfaction at the progress being…
