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Breaking news and reports on financial institutions, fiscal policies, government spending, and corporate finance developments.
FinanceFintech
Paystack launches Paystack Microfinance Bank after Ladder MFB acquisition
Paystack Inc., the Nigerian fintech owned by Stripe, has formally entered Nigeria’s banking sector following the acquisition of Ladder Microfinance...
Finance
BudgIT requests FOI details on FG intervention funds to States
BudgIT Foundation, a civic tech organisation known for promoting transparency and accountability in Nigeria’s governance, has requested detailed information from...
Finance
Afreximbank provides $64m funding for Levene Energy gas sector entry
The African Export-Import Bank (Afreximbank) has approved a $64 million acquisition finance facility for Levene Energy Development Limited to back...
Finance
Heritage Bank: NDIC declares N24.3bn liquidation dividend for depositors
Heritage Bank Limited has entered another phase in its liquidation process as the Nigeria Deposit Insurance Corporation, NDIC, announced a...
Finance
AltBank targets livelihood sectors, creative economy in 2026
AltBank’s 2026 strategy will prioritize financing in sectors that directly shape livelihoods and is also exploring structured partnerships within the...
Finance
ALAT App Upgrade Set for January Launch
The digital banking arm of Wema Bank Plc, ALAT, is set for an upgrade this month, according to a statement...
Finance
UBA raises N157.84bn as rights issue records full subscription
United Bank for Africa has successfully raised N157.84bn to close its rights issue after the exercise was fully subscribed, the...
Finance
Fidelity Bank Raises Up to N270bn in One-Day Private Placement
Fidelity Bank Plc has successfully raised between N250 billion and N270 billion through a private placement, boosting its qualifying capital...
Finance
FirstBank meets CBN N500bn capital requirement ahead of deadline
First HoldCo Plc has announced that First Bank of Nigeria Limited, FirstBank, has successfully met the Central Bank of Nigeria’s...
EducationFinance
Raven Bank launches free campus internet for 400,000 Nigerian students
The Chief Executive Officer of Raven Bank, Uchenna Nnodim, has said the bank has begun the empowerment of 400,000 students...
