Banking

Punch reports states and LGs cut bank debts by about ₦547.5bn, helped by stronger FAAC inflows.

FirstBank hits N500bn capital target; Femi Otedola credits Tinubu and Cardoso's reforms.

Reporting by The Nation indicates Nigeria’s capital-market regulator says companies raised over ₦753bn through commercial paper issuance within months, poi…

Nigeria’s external reserves reportedly rose by $4.39bn year-on-year to about $45.24bn, raising expectations of steadier FX buffers.

Capital importation reportedly dropped to $1.13bn in August as portfolio inflows cooled despite an uptick in FDI.

CBN figures show formal remittance inflows via IMTOs falling, raising fresh questions about FX liquidity and incentives to route money through official channels.

According to The Punch, Champion Breweries opened a ₦15.91bn rights issue to eligible shareholders as part of a wider capital-raising programme tied to acquisition and expansion plans.

Reporting by Punch indicates the Central Bank of Nigeria (CBN) is warning that the ongoing bank recapitalisation drive could tilt capital-market funding even more heavily toward banks, leaving other issuers struggling to attract investor attention.

Air Peace says a ground-handling incident damaged a newly inducted aircraft in Lagos, disrupting flights and renewing calls for stronger ramp-safety accountability.

According to Punch, NIRSAL Plc says it is closing out 2025 with more than ₦100bn in approved credit guarantees for agriculture and agribusiness loans, posi…