Central Bank of Nigeria (CBN) has approved the upgrade of operating licences for major FinTech companies and Microfinance Banks (MFBs), including Opay, Moniepoint MFB,...
By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet...
Nigeria’s banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds...
An Economic and Financial Crimes Commission (EFCC) witness told an Abuja Court that the Kogi State Board of Internal Revenue (KSIRS) paid over ₦1.1 billion in...
By Blaise Udunze Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will...
Central Bank of Nigeria (CBN) projects that Premium Motor Spirit (PMS), known as petrol, could average N950 per litre throughout 2026, according to its...
Nineteen Nigerian banks have fulfilled the Central Bank of Nigeria’s (CBN) recapitalization requirements as of January 6, 2026, six weeks before the March 31...
Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) have finalized a consumer protection framework to swiftly resolve complaints from failed airtime and...
By Blaise Udunze As the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of...