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Something unusual happened on the Nigerian Exchange on May 8, 2026, and it has market watchers divided. The benchmark All-Share Index climbed 2.10% to a fresh all-time high of 244,775.83 points in a single session. That move alone added ₦3.2 trillion to investor portfolios before the closing bell sounded at 4:00 PM local time. Here […]
Nigeria’s banking recapitalization exercise wrapped up in March 2026 with 33 institutions collectively raising ₦4.65 trillion in fresh equity. FirstHoldCo Plc, the holding company that controls First Bank of Nigeria, already cleared that regulatory hurdle months earlier. But a filing dated May 6, 2026, shows the Femi Otedola-chaired group is not slowing down after meeting […]
If you hold Access Holdings shares for the income they typically deliver, the first half of 2026 could test your patience once more. The financial group just printed its most profitable year ever, crossing the N1 trillion mark in pre-tax earnings for the first time. Ordinarily, shareholders would be preparing to collect a generous payout […]
A viral online post has been circulating for days, claiming that Africa’s richest man secretly turned to four fellow billionaires for cash. The post sparked the kind of social-media frenzy you would expect when a story implicates the upper tier of African business. The story names some of Nigeria’s most recognizable business titans, attaches eye-popping […]
For the better part of two years, agentic AI in banking has been discussed mostly as an internal efficiency story, in which autonomous software helps employees underwrite loans faster, triage fraud alerts, or write code.
In a move that has sent shockwaves through the financial industry, President Donald Trump took to Truth Social on Friday evening to announce his call for a temporary cap on credit card interest rates. The proposal, which would limit rates to just 10% for one year beginning on the first anniversary of his second inauguration, represents one of the administration’s boldest moves yet to address consumer affordability concerns.
When President Trump took to Truth Social on Wednesday morning, his message was direct and unambiguous: “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations.”
For more than a decade, PayPal has acted like a bank for small businesses without actually being one. Since launching its lending programs, the payments company says it has provided more than $30 billion in financing to hundreds of thousands of small businesses worldwide.
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