Banks Channel Most Credit to Oil, Gas Sector
By Babatunji Wusu| Deposit Money Banks (DMBs) in Nigeria continued to direct the largest share of lending to the oil and gas sector in 2025, even as financing for manufacturers…
Reps Recover N521.77m VAT From CBN
By Babatunji Wusu| The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of…
CBN Introduces N100m Forex Documentation Penalty
By Babatunji Wusu| The Central Bank of Nigeria (CBN) has introduced a tough compliance framework for the foreign exchange market, imposing a N100 million penalty on banks that process foreign…
CBN Shuffles Top Management Team to Boost Efficiency
By Babatunji Wusu The Central Bank of Nigeria has redeployed its four Deputy Governors in a major management shake-up. The extensive changes aim to strengthen the leadership framework of the…
CBN Moves PoS Geo-Fencing Deadline To August
By Babatunji Wusu The Central Bank of Nigeria (CBN) has moved the strict deadline for the mandatory tracking of Point of Sale terminals to August 1, 2026. Alongside this extension,…
E-NAIRA: 12 THINGS TO KNOW ABOUT NIGERIA’S FIRST DIGITAL CURRENCY
Prior to the President, Muhammadu Buhari launch of Nigeria’s first digital currency, e-Naira at the State House on Monday, report listed 12 things to know about the digital currency. The…
SUPREME COURT TO DELIVER JUDGMENT ON APGA CANDIDACY AT 12 NOON
Supreme Court set to pronounce judgment, at 12 noon on Thursday, on a suit challenging the candidacy of Professor Charles Chukwuma Soludo as the governorship candidate of the All Progressive…
PDP DEMANDS CBN GOVS’ RESIGNATION
On Thursday, at a media briefing in Abuja, the Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank of Nigeria, Godwin Emefiele. National Publicity Secretary…
N60bn Printing: Experts Disagree With CBN Gov
A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and a professor of Political Economy, Pat Utomi, have faulted the CBN Governor, Godwin Emefiele’s justification of…
400 Suspects Nabbed For Funding Boko Haram, Bandits -Report
By Olamilekan Alani More than 400 people allegedly funding Boko Haram insurgents and bandits are currently cooling in the net of the military and department of state service (DSS) in…
