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AMCON Transfers 34% Stake in Unity Bank to Providus, Strengthening Merger Deal

September 26, 2025/Chain Reactions Rising from a court-ordered Extraordinary General Meeting (EGM) on Friday, the shareholders and Boards of Directors of Providus Bank and Unity Bank have given their resounding approval to proceed with the business combination of the two financial institutions. The nod to go ahead by the boards […]

Nigeria’s Vanishing Savings: $10Bn Subsidy Removed, Yet Reserves Stuck at $41Bn

August 22, 2025 By Blaise Udunze  When the Nigerian government scrapped the decades-old fuel subsidy in 2023, it promised relief for the nation’s bleeding finances. Nearly $10 billion was to be freed up annually, and by scrapping it, President Bola Tinubu’s administration projected that the fiscal space created could be […]

Mobile Subscriptions Record Modest Y/Y Growth

August 12, 2025/CSL Research According to the latest data from the Nigerian Communications Commission (NCC), active mobile subscriptions grew modestly by 825,807 year-on-year (+0.48%) to 171.73 million in June 2025, up from 170.90 million in June 2024. However, on a month-on-month basis, the sector recorded a slight contraction, with total […]