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Finance
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UK Home Loan Interest Rates Climb to Monthly Peak
Average UK mortgage rates have returned to their highest point in a month due to Middle East instability and rising oil prices, prompting lenders to increase costs on new fixed-rate deals.
Naira Performance Against the US Dollar: July 24, 2026
On July 24, 2026, the Nigerian naira showed stability, trading at ₦1,369.92 in the official market and approximately ₦1,420 in the parallel market.
NDIC Advances Financial Education and Deposit Safety Awareness in Ebonyi
The NDIC conducted a financial literacy workshop for students in Ebonyi State, focusing on deposit protection and smart money management during the 2026 Global Money Week.
United Bank for Africa wins major ESG and retail banking accolades at 2026 Euromoney Awards
United Bank for Africa has been named Nigeria’s Best Bank for Retail and Sustainability Leadership at the 2026 Euromoney Awards for its significant ESG progress and retail expansion.
Central Bank of Nigeria falls behind on mandatory annual financial report disclosures
The Central Bank of Nigeria has not published audited financial statements since 2022, effectively ignoring statutory requirements under the CBN Act.
Zenith Bank Secures Africa’s Best Bank Title and Retains Nigerian Top Honors
Zenith Bank Plc has maintained its status as a top financial institution by winning Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence.
NAICOM Praises Senate for Approving National Insurance Regulatory Commission Bill
NAICOM has lauded the Nigerian Senate for passing the National Insurance Regulatory Commission Bill, citing it as a vital advancement for industry regulation and financial inclusion.
Femi Otedola Increases First HoldCo Stake to 21.96 Percent in N77.6 Billion Deal
Chairman Femi Otedola has expanded his interest in First HoldCo Plc to 21.96 percent after purchasing over 700 million additional shares.
Nigerian Naira Hits Weekly High Against US Dollar on July 22, 2026
The Nigerian naira strengthened significantly in both official and parallel markets on July 22, 2026, reaching its highest weekly gains as external reserves climbed to $52.03 billion.
Currency Exchange Update: Dollar to Naira Rates for July 22, 2026
On July 22, 2026, the naira traded at ₦1,381.68 per dollar in the official market, while the parallel market saw rates reaching ₦1,413 per dollar.