BUSINESS
OPay Wins Fintech/Digital Bank Of The Year 2025 Award
Digital pay platform, OPay, has been named Fintech/Digital Bank of the Year 2025. The company won the award at The Sun Awards, organised by The...
New Tax Law: DisCos Request Corporate Customers For Identification Details
Electricity Distribution Companies, DisCos, have requested their corporate customers to provide identification details as part of conditions for electricity supply to them, citing the...
Ogun Debt Hits N494bn, IGR Rises Above N240bn
The Ogun State Commissioner for Finance and Chief Economic Adviser to the Governor, Dapo Okubadejo, on Tuesday said the state’s debt profile currently stands...
Tinubu’s Signed Executive Order May Increase FG, States, LG Allocations
The federal, state, and local governments may receive additional revenue allocations of about N14.57tn following the recent Executive Order signed by President Bola Tinubu,...
Nigeria’s Money Supply Drops Sightly To N123trn
…as currency outside bank drops 3% •Credit to govt, private sector shrinks Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in...
Capital Projects Ongoing, Not Abandoned —Finance Ministry
The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs)....
CBN Removes Cash Pooling Requirement For IOCs
THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in...
CBN Tightens Digital Safety Net, Gives Banks And Fintechs 3 Weeks To Boost Cybersecurity Transparency
The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, as...
33 Banks Now Bigger, Stronger
The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...
Recapitalisation: 12 Insurance Firms In Tight Corner
•Regulator insists on the deadline •Some insurers consider scaling down As the July 31 deadline given to insurance companies to meet the recapitalisation requirement draws near, indications...
