News
Tin Can port rakes in ₦401bn in just one quarter
A single customs command at one Lagos seaport just pulled in more revenue in three months than many federal agencies collect in a full year.
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Everything we’ve published recently — across personal finance, investing, credit, taxes, and business.
News
S&P lifts 7 Nigerian banks after sovereign upgrade
If you hold money in a Nigerian bank or follow African markets, a significant shift just landed on global investors’ radar.
News
Dangote Refinery IPO draws $2bn before September launch
Aliko Dangote spent over a decade building the largest single-train oil refinery on Earth, and it has not gone public yet.
News
Cardoso holds firm on 26.5% rate as fuel costs surge
For eleven straight months, Nigeria’s inflation rate had been falling, rewarding one of the most aggressive monetary tightening campaigns on the continent.
News
CBN faces tough call as MPC meets amid rising inflation
For eleven straight months, Nigeria’s inflation moved in the direction borrowers and business owners wanted: downward.
News
Dangote, BUA Foods, MTN stun NGX with 2026 surge
If you have been watching the Nigerian Exchange in 2026, you have probably noticed something the consensus models did not see coming this fast.
News
BUA Cement finance income explodes 638% in just one quarter
Something unusual showed up in BUA Cement’s first-quarter filing for 2026, buried several pages past the profit headlines that grabbed most of the coverage.
News
DMO rolls out N600 billion offer with 22.60% coupon
If you have watched Nigerian fixed-income markets at all this year, the level of government yields is no longer a surprise to you.
News
S&P lifts Nigeria’s rating after 14 long years of waiting
For 14 years Nigeria sat in the same corner of the global credit map, slipping further into territory investors call speculative.
News
OPay’s IPO quietly lists 40 million Nigerians, too
OPay’s planned US stock market listing has been reported by Bloomberg, citing people familiar with the deal, as a $4 billion fintech milestone, with three Wall Street banks running the offering.
News
AfDB channels $200 million into Nigeria’s industrial future
If you run a small business in Nigeria, finding affordable, long-dated capital can feel difficult given the cost of credit nationally.
News
FMDA projects inflation creeping back to 16.42%
For eleven consecutive months, Nigeria’s inflation rate moved in one direction: down, from a peak of 27.4% to a five-year low.
News
FG braces investors for N600bn bond auction next week
Nigeria’s federal government is returning to the domestic debt market with a fresh bond offering that carries notable signals for fixed-income investors. The Debt Management Office published its May 2026 offer circular on May 12, outlining plans to raise N600 billion through two reopened instruments. The auction is scheduled for May 18 with settlement on […]
News
Tinubu reveals Nigeria will spend $11.6bn on debt service in 2026
Nigeria will hand over roughly $11.6 billion to creditors this year, a sum that swallows nearly half of everything the government expects to collect in revenue. President Bola Tinubu put that number on the record at an international summit in Nairobi on May 12, 2026. The disclosure was not buried in a budget document or […]
News
Nestlé and NB surge to profit as FX storm fades
For nearly two years, Nestlé Nigeria Plc and Nigerian Breweries Plc bled cash at a pace that spooked even seasoned Lagos investors. Foreign exchange chaos wiped hundreds of billions of naira off their bottom lines and forced both to suspend dividends. That picture has flipped with startling speed, and the numbers landing on the Nigerian […]
News
CBN forex window sees naira inch toward ₦1,350 mark
At the start of 2026, most of Nigeria’s top economists expected the naira to trade between ₦1,430 and ₦1,500 against the dollar. A few optimistic voices floated ₦1,350 as a best case, but the consensus treated it as aspirational. Five months later, the official Nigerian Foreign Exchange Market has delivered a number that those forecasters […]
News
Zenith Bank targets 20% loan growth after masked 2025
On the surface, Zenith Bank’s 2025 loan book barely moved, expanding by a mere 0.6% over the full financial year. For investors scanning annual reports, that number looked like stagnation from one of Nigeria’s most prominent Tier-1 lenders. According to a fresh equity research note from CardinalStone, the real story was buried beneath a regulatory […]
News
Unilever Nigeria’s N32.2bn profit rewrites its five-year streak
Five years ago, Unilever Nigeria posted N3.4 billion in after-tax profit, a modest figure for one of the country’s oldest manufacturers. Since then, every single financial year has delivered a higher number than the one before it. The 2025 result broke the pattern wide open. After-tax profit landed at N32.2 billion, more than double the […]
News
Dangote eyes $50bn valuation in bold refinery listing
Africa’s biggest single industrial bet is heading for its biggest financial test, and the price tag attached to it has nearly doubled. Less than a year ago, the Dangote Petroleum Refinery and Petrochemicals FZE was valued in the $20 billion to $25 billion range by most analysts. The figure now being pitched to global investors […]
News
FUGAZ banks set aside N153bn for Q1 loan losses
Nigeria’s five biggest tier-one lenders just released their first quarter 2026 financial statements, and the impairment numbers tell a striking story. Combined provisions on customer loans across First HoldCo, United Bank for Africa, Guaranty Trust, Access Holdings, and Zenith reached roughly N153 billion in the period. That figure runs about 36% above what the same […]
News
CAP Plc sits on a N13 billion cash pile after Q1
When a paint company’s bank balance grows faster than its revenue, investors tend to pay attention. Chemical and Allied Products Plc closed the first quarter of 2026 with cash and cash equivalents totaling N12.99 billion, a 69% year-on-year increase that accounts for roughly half of its total asset base. If you hold CAP shares or […]
News
UNCTAD exposes the hidden cost crushing global exports
Most countries pay more for paperwork than they do for tariffs, and trade policy has become much more interventionist in recent years globally. A new United Nations report has put a precise number on a problem that has long shaped global trade without ever drawing tariff-style political attention. It also exposes a structural disadvantage that […]
News
Airtel Africa revenue storms past $6 billion mark
Africa’s biggest telecom story of 2026 just landed, and the numbers behind it suggest something deeper than a strong year. The London and Lagos-listed group reported full-year results that crossed thresholds investors had penciled in for a later financial year. Behind the headline number sits a structural shift in how 183.5 million people across 14 […]
News
NGX shatters all-time high as investors pocket ₦3.2trn
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 […]
News
FirstHoldCo proposes plan to hit ₦1tn capital mark
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 […]
News
Access Holdings faces fresh hurdle to H1 2026 dividend
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 […]
News
Dangote denies asking 4 billionaires for refinery help
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 […]
Payments
The Quiet Return of Deposit Dynamic Pricing. And the Risk It Poses to Primary Relationships
Deposit pricing used to be a quiet, predictable exercise. A treasury team reviewed competitor rates, adjusted a handful of posted tiers once a quarter, and relied on customer inertia to do most of the retention work.
Financial Law
The New Front Line Against Elder Scams: How State Transaction Hold Laws Are Rewriting Branch Playbooks
For most of the past decade, the teller or call-center agent who suspected an older customer was being scammed could do surprisingly little about it.
Artificial Intelligence
Agentic AI Is About to Move Deposits for Customers. Banks Have Months, Not Years, to Respond
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.