Nigeria’s smartphone ownership has risen to 75% as mobile devices become increasingly central to how Nigerians access digital services. The finding was disclosed in the […]
Category: Economy
CBN faces N8.57 trillion liquidity surge as OMO, Bond maturities hit banking system
Nigeria’s apex bank could face significant upsurge in system liquidity up to about N8.57 trillion this week beginning Monday, September 28, following a potential N2.59 […]
FCMB Group extends deadline for release of Q3 2026 financial results
FCMB Group Plc has notified the Nigerian Exchange Limited (NGX), shareholders and the investing public of a potential delay in the release of its nine-month […]
CBN raises regulatory questions over non-banks offering instalment credit
The Central Bank of Nigeria (CBN) has raised questions over the growing use of “pay small small” schemes by non-bank businesses to offer credit to […]
African Alliance Insurance gets shareholder approval to raise N12 billion
African Alliance Insurance Plc has secured shareholder approval to raise up to N12 billion in fresh capital as part of efforts to strengthen its balance […]
Coronation targets higher premiums from capital raise, but investors want returns
Coronation Insurance Plc, one of the insurance companies listed on the NGX, says its stronger capital base will allow it to take on larger insurance […]
Bill Gates warns AI can drive events that could cause a billion deaths
Billionaire and Microsoft co-founder Bill Gates has warned that artificial intelligence is powerful enough to drive events that could cause a billion deaths. He made […]
DisCos fail to collect N45.26 billion from electricity customers in July
Nigeria’s electricity distribution companies (DisCos) failed to collect N45.26 billion from customers out of the N250.79 billion they billed for electricity in July 2026. The […]
CBN identifies 40 million Nigerians with disabilities as untapped fintech market
The Central Bank of Nigeria (CBN) has identified about 40 million Nigerians living with disabilities as an underserved segment of the financial system that could […]
AI borrowing pushes long-term bond yields to 15-year highs
Long-term bond yields have risen to their highest levels in 15 years or more across most major advanced economies, with heavy borrowing by artificial intelligence […]