Shell Partners Banks To Launch $3bn Finance Facility For Oil Contractors
Shell Nigeria Exploration and Production Company Limited has partnered with nine Nigerian banks to launch a $3 billion contract finance facility aimed at improving...
CBN Withdraws 46 Microfinance Banks Licenses Over Breaches In Regulatory Requirements
The Central Bank of Nigeria has withdrawn the operating licenses of 46 microfinance banks across the country, citing their failure to meet key regulatory...
World Bank To Gradually Withdraw Lending China By 2031
According to the organization's new country partnership framework, the World Bank will gradually stop lending to China by 2031, a source with knowledge of...
Bank Deductions: How Hidden Charges Erode Nigerians’ Trust In Digital Payments
“I recently came to the painful realisation of how much I am losing to bank charges after reviewing my transactions linked to a contribution...
Cocoa, Coffee Farmers Seek African Bloc, $6,000 Floor Price To End Foreign Control
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has called for a unified African cocoa producers’ bloc and a minimum floor price...
Net Forex Inflow Falls 24% To $6.92bn
Net Foreign exchange (forex) into the economy fell by 24 per cent, month-on-month, MoM to $6.92 billion in February from $9.22 billion recorded the...
Nigeria’s Current Account Surplus Rises 46% To $4.98bn
The Central Bank of Nigeria, CBN, yesterday said the nation’s current account surplus grew year-on-year (YoY) by 46 percent to $4.98 billion in the...
Crypto-Asset Surge Poses Risks To Monetary Policy – IMF Warns
The International Monetary Fund (IMF) has warned that the rising use of dollar-backed stablecoins in Nigeria could undermine monetary policy effectiveness, financial stability and...
IMF Warns As Nigeria Captures 60% Of SSA Stablecoin Inflows
•Flags risks to monetary policy, financial integrity •As Nigeria ranks 2nd globally, with $59bn crypto inflows The International Monetary Fund (IMF) has disclosed that Nigeria accounts for...
FG Debt Repayments Surpasses 2025 Budget Allocation By Nearly N2tn
Federal government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, fresh data from the...
