The Central Bank of Nigeria (CBN) has granted Point of Sale (PoS) operators, banks, and payment service providers additional time to […]
Category: Business/Finance
NDIC Boss Warns Strong Deposit Insurance Funds Vital for Nigeria’s Banking Stability
The Managing Director of the Nigeria Deposit Insurance Corporation, Sunday Thompson Oludare, has said strong Deposit Insurance Funds are […]
Nigeria’s GDP rises by 3.89% in Q1 2026 as non-oil sector drives 96% growth
Nigeria’s Gross Domestic Product (GDP) grew by 3.89 percent in real terms in the first quarter of 2026, with the […]
CBN keeps interest rate at 26.5% amid rising inflation concerns
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 per […]
Majority of Nigerians prefer rate cut ahead of MPC meeting — CBN
The Central Bank of Nigeria (CBN) has disclosed that most Nigerians prefer a reduction in interest rates ahead of the Monetary […]
FirstBank, Visa Unveil Naira Visa Debit Card to Boost Nigeria’s Cashless Payment Drive
First Bank of Nigeria has launched its Naira Visa Debit Card in partnership with Visa to expand secure and accessible […]
CBN Reaffirms Strategic Role of Non-Interest Financial Institutions in Nigeria’s Economic Growth
The Central Bank of Nigeria has reaffirmed the strategic importance of Non-Interest Financial Institutions (NIFIs) in driving Nigeria’s economic growth, noting that […]
Fidelity Bank Plc Records 45.6% Growth in Gross Earnings for FY 2025
Leading Nigerian financial institution, Fidelity Bank Plc, has announced its audited financial results for the year ended Dec. 31, 2025, reporting […]
CBN to governors: Unpredictable fiscal behaviour undermines price stability
The Central Bank of Nigeria (CBN) has cautioned state governors that unpredictable fiscal policies at the sub-national level could frustrate […]
NESG Explains How Nigeria’s Economy Transitioned From Adjustment To Gradual Stabilisation In One Year
The Nigerian Economic Summit Group (NESG) says Nigeria’s macroeconomic environment has moved from a phase of intense economic adjustment in 2024 toward […]