The Nigerian naira has rallied to its strongest level in 15 months, trading at 1490 per dollar on the parallel market as reduced demand for the greenback eases pressure on the local currency. The gain [Read More!]
In a significant development for Nigeria’s financial industry, the Central Bank of Nigeria (CBN) has confirmed that fourteen commercial banks have now met the bank’s newly established capital requirements ahead of the March 2026 deadline. [Read More!]
The FCCPC Loan App Harassment crackdown has begun. The Federal Competition and Consumer Protection Commission (FCCPC) is urging Nigerians to report any harassment by digital loan apps. The move follows the launch of the Digital [Read More!]
Electronic Payments in Nigeria surged to ₦284.99 trillion in the first quarter of 2025, marking a 17.7% increase compared to the same period in 2024. This milestone confirms the country’s accelerating shift away from cash [Read More!]
Nigeria has been officially removed from the list of African countries in debt to the International Monetary Fund (IMF) after fully repaying its COVID-19-era loans. In contrast, ten other African countries still owe significant amounts [Read More!]
Activist Omoyele Sowore has made new claims concerning a high-end hotel in Port Harcourt allegedly owned by Nyesom Ezenwo Wike, currently Minister of the Federal Capital Territory, stating that the least expensive room at the [Read More!]
The political tug-of-war over TikTok may seem like a distant dispute between Washington and Beijing, but its repercussions could reach Africa, including Nigeria, where millions of young people use the app daily. This week, former [Read More!]
The World Bank’s latest Nigeria Development Update (NDU) report paints a concerning picture of Nigeria’s economic future, highlighting the country’s struggles with poverty and economic growth. According to the report, Nigeria’s poverty rate remains stubbornly [Read More!]
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