Monday, May 18, 2026
CBN’s hammer falls on 8 PSPs in Nigeria, revokes operating licences
By Charles Abuede The Central Bank of Nigeria (CBN) has revoked the operating licences of seven payment services providers...
Read moreDetailsNigerians expect naira appreciation, moderation in inflation, borrowing rates
By Charles Abuede In the next 12 months Nigerians have built an expectation that the domestic currency, the naira,...
Read moreDetailsNigerian manufacturers could shut down as early as January, MAN warns
By Onome Amuge Seeks urgent government intervention, foreign exchange allocation Manufacturing companies in Nigeria face imminent collapse as...
Read moreDetailsAfCFTA: Southern Africa’s $53bn export potential puts it in pole position
Nigeria and West Africa in distant third with just $9.5bn South Africa accounts for 80% of Southern region’s untapped export...
Read moreDetailsNigeria bourse climbs to N19.6trn as DangCem, Wapco, Oando help bring N333.8bn home to investors
By Charles Abuede Naira gains N3 at start of Christmas week T-bills close negative, FGN bonds positive The...
Read moreDetailsNDIC to pay insured sums to depositors of 42 failed MfBs, begins verification
By Zainab Iwayemi The Nigeria Deposit Insurance Corporation (NDIC) said it has begun the process of closure and payment...
Read moreDetailsDangote Cement begins 10% share buyback in ‘testing the waters’ move
By Charles Abuede Analysts say decision to negligibly impact company’s EPS estimate Dangote Cement Plc on Monday announced...
Read moreDetailsNigeria’s banks hold ground in $8.61bn capital imports
By Phillip Isakpa & Charles Abuede Foreign toppers: StanChart: $2.5bn; StanbicIBTC: $2bn; Citibank: $1.79bn Nigerian toppers: First Bank: $798m; Access:...
Read moreDetailsNew CBN directive requires banks to close all Naira accounts of IMTOs, conduct proper audit
By Charles Abuede The Central Bank of Nigeria (CBN) in a circular sequel to the earlier released operational...
Read moreDetailsNew economic fortunes seen for Nigeria’s south-east in Waltersmith’s 5,000-bpd refinery
Will boost energy output, manufacturing, downstream jobs Will facilitate petroleum products supply, contribute to development, eco-friendly Members of...
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