Banks Channel Surplus Funds to CBN as Liquidity Pressures Deepen in Interbank Market
Liquidity pressures intensified in Nigeria’s interbank market last week as commercial banks continued to channel surplus funds to the Central...
FG Extends Probe into NNPC, Revenue Agencies’ Remittances to December 2025
The Federal Government, through the Federation Account Allocation Committee (FAAC), has extended the ongoing probe and reconciliation of payments made...
Dangote Refinery Challenges Marketers to Bring Trucks for Loading Amid Petrol Price Hike
As petrol prices continued to rise over the weekend, the Dangote Refinery has challenged fuel marketers to bring their trucks...
PenCom: Over 844,000 Retirees Enjoy Steady, Transparent Benefits Under Contributory Pension Scheme
The National Pension Commission (PenCom) has revealed that more than 844,000 retirees across Nigeria’s public and private sectors currently enjoy...
CSCS Set to Launch T+2 Settlement Cycle on November 28 to Enhance Market Efficiency
The Central Securities Clearing System (CSCS) Plc has announced its readiness to fully transition to a T+2 settlement cycle on...
Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54...
NUPRC Remits N6.215 Trillion to Federation Account in Nine Months
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it remitted a total of N6.215 trillion to the Federation...
NDIC Reassures Depositors of Up to N5 Million Compensation in Case of Bank Failure
As part of efforts to boost public confidence in the banking system, the Nigeria Deposit Insurance Corporation (NDIC) has reassured...
NCC Seeks 100% Right of Way Waiver to Accelerate Broadband Expansion in Nigeria
In a bid to eliminate one of the strongest barriers to broadband deployment in Nigeria, the Nigerian Communications Commission (NCC)...
Nigeria’s National Single Window Project to Revolutionise Trade by 2026
Nigeria’s National Single Window (NSW) project, launched in April 2024 by President Bola Tinubu, represents one of the country’s most...
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