Witness: How Emefiele Withdrew $6.23m From CBN With Forged Documents
The 11th prosecution witness (PW11), Bashirudden Muhammed Maishanu, yesterday told the Federal Capital Territory High Court in Abuja how $6.23 million was allegedly withdrawn...
Federal Government’s Domestic Borrowing Surges In 2025, Crowding Out Private Sector Credit
The Federal Government’s domestic borrowing from banks and financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public...
Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy
A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...
CBN Elevates Opay, Moniepoint, Kuda, Others To National Status, Boosting Financial Inclusion Nationwide
The Central Bank of Nigeria (CBN) has upgraded the licenses of leading FinTech firms and Microfinance Banks (MFBs), including Opay and Moniepoint, granting them...
CBN Removes Bank Cash Deposit Limit For Customers
The Central Bank of Nigeria has removed all cash-deposit limits for bank customers while maintaining strict weekly withdrawal ceilings under a revised set of...
Sanwo-Olu Presents ₦4.24 Trillion ‘Budget Of Shared Prosperity’ For 2026, Lagos Assembly Pledges Thorough Scrutiny
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday presented a proposed ₦4.237 trillion budget for the 2026 fiscal year to the Lagos State House of...
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On...
New York Times Faces $15 Billion Trump Lawsuit Over Alleged Smears
US President Donald Trump announced Monday that he has filed a $15 billion defamation and libel lawsuit against The New York Times. In a post...
Foreign Portfolio Flows Surge on Nigerian Stock Market
Foreign portfolio inflows into the Nigerian stock market rose sharply by 354.4% to N609.73 billion in the first seven months of 2025 (7M’25), up...
FG Begins Payment To Contractors After Year-Long Delay
The Federal Government has commenced payment to contractors handling projects across its ministries, departments, and agencies (MDAs) after over a year of suspended disbursements. Spokesperson...
