The Central Bank of Nigeria (CBN) has announced plans to take control of the country’s fixed income market in November 2025. Under the new system, the bank will manage both settlement and trading activities. This [Read More!]
Lagos State government has launched a renewed push to substantially increase Nigeria’s non-oil export earnings, setting an ambitious target of USD 2.5 billion for the period between January and June. A key plank of this [Read More!]
Oil marketers across Nigeria are pushing back hard against Dangote Refinery’s new requirement: to qualify for free delivery, buyers must procure at least 500,000 litres of petrol in a single order. Under the refinery’s gantry [Read More!]
Lagos — Four Nigerian banks have approved a combined dividend payout of ₦135 billion to their shareholders, even as the sector grapples with mounting regulatory and economic headwinds. The dividend declarations come at a time [Read More!]
The Internal Revenue Service is set to eliminate paper tax refund checks for individual taxpayers beginning September 30, 2025, marking a major step in its drive toward full digital payment systems. Refunds will instead be [Read More!]
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!]
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