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Business News; Tracks, records, analyzes, and interprets the businesseconomic and financial activities, and changes that take place in societies.

Sanwo-Olu Presents ₦4.24 Trillion ‘Budget Of Shared Prosperity’ For 2026, Lagos Assembly Pledges Thorough Scrutiny

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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...

CBN Removes Bank Cash Deposit Limit For Customers

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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...

Witness: How Emefiele Withdrew $6.23m From CBN With Forged Documents

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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Muhammed Maishanu, yesterday told the Federal Capital Territory High Court in Abuja how $6.23 million was allegedly withdrawn...

OPay Wins Fintech/Digital Bank Of The Year 2025 Award

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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

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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

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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 

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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

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Naira Depreciates To N1,395/$ In Parallel Market

…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

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Nigeria Spends $2.34bn On Food Imports In 2025, Down 7.4%

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

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33 Banks Now Bigger, Stronger

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...

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