States’ foreign debt service rises 25.77% to N455.38 billion in 2025
States paid a combined N455.38 billion as foreign debt service in 2025, up from N362.08 billion in 2024, according to...
CBN allows BDCs back into official FX market with $150,000 weekly cap
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market (NFEM),...
Nigeria Revenue Service targets N40.7 trillion revenue in 2026
The Nigeria Revenue Service (NRS) has set a revenue target of N40.7 trillion for 2026, reinforcing the Federal Government’s drive...
CBN, NCC plan regular audits of banks, telcos over airtime failures
The Central Bank of Nigeria and the Nigerian Communications Commission are proposing regular joint audits of banks, telecom operators and...
Government securities account for 11% of banks’ assets in Nigeria – S&P Global
Government securities now account for about 11% of Nigerian banks’ total assets, reflecting years of constrained credit extension and a...
CBN survey: 87.5% of Nigerian fintechs use AI for fraud detection
About 87.5% of Nigerian fintech companies now deploy artificial intelligence (AI) for fraud detection, highlighting how risk management concerns are...
Nigeria’s private sector slips into contraction as PMI drops to 49.7
The PMI reading fell below the 50.0 no-change threshold, signalling a deterioration in business conditions compared with the previous month.
Nigeria’s reforms need development finance institutions with patient capital, strong governance – Cardoso
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said the success of Nigeria’s ongoing financial sector...
CBN okays use of expired NAFDAC licences for imports till February
The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food...
Trump tariffs: US swings to $1.45 billion trade surplus with Nigeria
The United States swung to a $1.45 billion goods trade surplus with Nigeria in the first ten months of 2025,...
