Browsing Category
Finance
51 posts
Central Bank of Nigeria Withdraws Licences of 46 Microfinance Banks
The Central Bank of Nigeria has officially revoked the operational licences of 46 microfinance banks due to their failure to meet mandatory regulatory and financial requirements.
Central Bank of Nigeria Withdraws Operating Permits for 46 Microfinance Banks
The Central Bank of Nigeria has stripped 46 microfinance banks of their licenses for failing to meet regulatory obligations, including capital requirements and operational mandates.
United Bank for Africa Distributes Over N400 Million in Bumper Account Bonuses
United Bank for Africa has rewarded thousands of its Bumper Account holders with over N400 million in bonuses to celebrate their commitment to consistent saving.
Donald Trump reports $1.2 billion in cryptocurrency earnings for 2025
Financial disclosures indicate Donald Trump accrued $1.2 billion through cryptocurrency ventures in 2025, largely driven by his involvement with World Liberty Financial and various digital asset licensing agreements.
June Market Downturn: Investors Shed N13.3 Trillion Amid Profit-Taking
Investors on the Nigerian Exchange lost N13.3 trillion in June as profit-taking dominated, while FTSE Russell delayed Nigeria’s Frontier Market status due to settlement cycle concerns.
Naira Maintains Stability Against US Dollar on July 1, 2026
The Nigerian naira remained steady against the US dollar on July 1, 2026, with the official exchange rate hovering at ₦1,380.17 and a narrow spread maintained in the parallel market.
Nigerian Equities Market Recovers with N653 Billion Gain
The Nigerian stock market posted a N653 billion gain on Tuesday, driven by interest in key stocks, even as the broader market saw more losers than winners.
June 30, 2026: Nigerian Naira Experiences Initial Gains Against the Dollar
The Nigerian Naira recorded a minor gain against the dollar in the official market on June 30, 2026, marking its first appreciation in nearly a week.
Naira Value Slips Against Dollar in Both Parallel and Official Markets
The Naira weakened in both the parallel and official markets as the exchange rate margin widened, despite a significant rise in interbank trading volume.
Decade of packed lunches leads to early retirement at 40
By living frugally and consistently investing, one couple managed to retire in their thirties and forties, fueling interest in the global FIRE movement.