Banking & Finance
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Rivers State Cabinet Approves Landmark ₦1.85 Trillion ‘Budget of Resilience’ for 2026
The Rivers State Executive Council has formally approved a proposed expenditure of ₦1,854,248,734,475.76 for the 2026 fiscal year. The ambitious…
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CBN Disowns Microfinance Bank operating in 4 States, Declares it Illegal
The Central Bank of Nigeria (CBN) has issued a stern warning to the public, disowning Zuldal Microfinance Bank Limited and…
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IMF Warns: Sub-Saharan Africa’s Shift to Local Banks Sparks Debt Trap Fears, Squeezes Private Investment
Washington, D.C.—Sub-Saharan African governments are increasingly relying on domestic banks to fund their national budgets, a strategy that is proving…
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Assembly Issues Vicious Warning to Banks
Osogbo, Osun State – The Osun State House of Assembly has escalated its oversight role by issuing a stern warning…
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Fourteen Nigerian Banks Meet New Capital Requirement, CBN Assures Stability
Abuja, Nigeria — The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced that 14 Nigerian banks have now met…
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CBN, NIBSS Bridge the Gap: Diaspora Nigerians Can Now Obtain BVN Remotely
ABUJA, NIGERIA – In a significant move aimed at enhancing financial inclusion and connecting with its global citizens, the Central…
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Over N1 Trillion Vanishes as in Nigeria Unregistered Crypto Platform CBEX Collapses
significant number of Nigerians have expressed outrage and recounted substantial financial losses on social media following the alleged collapse of…
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Rest in peace, Pascal Dozie: Founder of Diamond Bank, pioneer chairman of MTN Nigeria
Nigeria has lost a towering figure in its financial and telecommunications sectors with the passing of Pascal Dozie at the…
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Economic Concerns Mount as Nigeria’s Public Debt Reaches N144.67 Trillion
Nigeria’s total public debt reached N144.67 trillion ($94.23 billion) as of December 31, 2024, marking a substantial 48.58 percent increase…
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Heritage Bank: NDIC to commence payments of uninsured deposit balances
The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant acceleration in the liquidation process of the defunct Heritage Bank,…
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