Banks Park N4.1tn with CBN Despite System Liquidity Deficit
Banks operating in Nigeria deposited about N4.1 trillion with the Central Bank of Nigeria over five days, even as the...
DisCos Remit N77.99bn in Q4 2025, Performance Drops to 91.19% — NERC
Nigeria’s electricity distribution companies have remitted a total of N77.99 billion to the market in the fourth quarter of 2025,...
WATRA Warns Submarine Cable Disruptions Threaten West Africa’s $150bn Digital Economy
The West African Telecommunications Regulators Assembly has warned that recurring submarine cable disruptions are exposing a major vulnerability in West...
PalmPay Reaffirms Commitment to Reliable Payment Infrastructure for Nigeria’s Digital Economy
One of Nigeria’s leading fintech platforms, PalmPay, has reaffirmed its commitment to building reliable payments infrastructure as a critical foundation...
FG, Shipping Firms Deadlocked Over Proposed Tariff Hike
Fresh negotiations between the Federal Government and shipping companies over a proposed increase in shipping tariffs have ended in a...
Iran’s Reclosure of Strait of Hormuz Dashes Hopes of Petrol Price Drop in Nigeria
The decision by Iran to reclose the Strait of Hormuz has dampened expectations of a sharp drop in petrol prices...
FCCPC welcomes judgment affirming right to probe airlines
The Federal Competition and Consumer Protection Commission (FCCPC) has welcomed the judgment of the Federal High Court in Abuja affirming...
Wema Bank Surpasses CBN Recapitalisation Target, Retains National Banking Licence
Wema Bank has secured its position in Nigeria’s top tier of financial institutions after surpassing the Central Bank of Nigeria’s...
Nigeria Imports 61.7m Barrels of US Crude in Two Years Despite Strong Oil Exports
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting...
CBN, NCC Sign Pact to Combat SIM-Related Fraud and Boost Consumer Protection
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) on Monday signed a Memorandum of Understanding aimed...
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