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...
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The Central Bank of Nigeria has withdrawn the operating licenses of 46 microfinance banks across the country, citing their failure to meet key regulatory...
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...
FG’s Debt From Bond Market Increases By 77.8% In Six Months
The Federal Government raised N5.08tn from the domestic bond market in the first six months of 2026, marking a 77.8 percent increase from the...
States Govt. Generates N2.37tn VAT In First Half Of 2026
State governments received N2.37tn from Value Added Tax revenue generated in the first half of 2026, representing an increase of N451.25bn compared with the...
Zenith Bank wins Africa’s Best Bank, Retains Nigeria’s Top Banking Award
Zenith Bank Plc has been named Africa’s Best Bank and Nigeria’s Best Bank for the second consecutive year at the Euromoney Awards for Excellence...
Sterling Financial Records 31% Revenue Growth In H1’26
Sterling Financial Holding Company Limited has recorded a 31.5 per cent growth in gross earnings to N279. 6 billion in the half-year ended 30...
FG, States, LGs Shares N3tn FAAC Allocation For July
The Federal Government, 36 states and 774 local government councils shared a record N3.007tn from the Federation Account in July 2026, the highest monthly...
FG Sets September 18 Deadline For MDAs To Submit 2027 Budget Proposals
The Federal Government plans to submit the 2027 budget proposal to the National Assembly in September in an attempt to advance the budget cycle...
FG’s Debt Interest Rises By 124% Above Total Revenue
The Federal Government spent N7.7tn on interest payments in the first half of 2026, representing 124.2 per cent of its total revenue of N6.2tn...
