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This article is presented in two parts. In this first part, the focus is on understanding the conceptual foundations of read more CBN’s New Payments Framework: Is Nigeria Introducing Functional Separation into the Payments Ecosystem? Part 1
The World Bank has approved a $1.25 billion financing package for Nigeria aimed at supporting economic reforms and stimulating private investment. This funding is expected to accelerate job creation in the country.
Niyi Toluwalope, managing director and chief executive officer of eTranzact Plc, has said Nigeria’s digital payment ecosystem has become a read more Digital payments key to Nigeria’s economic growth, transparency, revenue drive
On the list of the 46 microfinance banks whose licences were revoked, Kano State accounted for the highest number with 13 banks, followed by Lagos with eight. The post FULL LIST: CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.
NNPC Ltd. reported a 12.8% drop in monthly revenue, generating N4.34 trillion in May 2026, down from N4.97 trillion in April. This decline occurred despite an increase in crude oil and natural gas production.
The IMF's Resident Representative in Nigeria, Christian Ebeke, disclosed this on Wednesday during a meeting with business executives in Lagos. The post IMF raises concerns over unrecorded spending in Nigeria’s recent fiscal accounts appeared first on Vanguard News.
The groups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks linked to their operations and business relati...
The gorups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks linked to their operations and business relati...
Sahara Group has named Folake Soetan as the new managing director of Arahas Global Oilfield Services, reinforcing its “Beyond XXX” read more Sahara Group appoints Folake Soetan to lead Arahas Global Oilfield Services
Wale Igbintade Justice Deinde Dipeolu of the Federal High Court in Lagos has urged parties in a N98.5 billion patent infringement suit involving Enterprise Logistics Speciale Limited, the Central Bank
The Central Bank of Nigeria has revoked the licenses of 46 microfinance banks due to non-compliance with regulations. This decision aligns with the CBN's authority under the Banks and Other Financial Institutions Act.
James Emejo in Abuja The Central Bank of Nigeria (CBN), Wednesday revoked the operating licences of 46 microfinance banks across the country, citing persistent regulatory violations and failure to meet
The Central Bank of Nigeria (CBN) has introduced a maximum two-business-day limit on the suspension of certain payment obligations and read more CBN sets two-day limit for bank resolution contract suspensions
…Nigeria misses global ranking Despite an average petrol price of about N1,179 per litre, several oil-producing nations continue to sell read more Top 10 countries with cheapest petrol prices
Until the reclassification this March, Nigeria had been excluded from frontier markets for 30 months, following a sharp devaluation of its currency and other FX reforms. The post FTSE Russell halts Nigeria’s frontier market upgrade appeared first on Premium Times Nigeria.
Ejiofor Alike Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global stability, with
The Central Bank of Nigeria has revoked the operating licenses of 46 microfinance banks due to non-compliance with regulatory standards. This decision was approved by CBN Governor Yemi Cardoso to ensure the integrity of the financial system.
The World Bank has approved $1.25 billion in funding for Nigeria, introducing a six-year development plan. This initiative aims to support the growth of Africa's largest economy.
The CBN said the decision became necessary because of one or more regulatory breaches committed by the affected institutions. The post JUST IN: CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.
The Central Bank of Nigeria has revoked the operating licenses of 46 microfinance banks. This decision aims to strengthen the banking sector and ensure compliance with regulatory standards.
Nigeria's petrol prices remain high, averaging N1,179 per litre, failing to place among the ten countries with the lowest prices. This highlights ongoing challenges in the nation's oil sector despite being a major oil producer.
Nigeria's Human Capital Index stands at 36%, significantly hindering economic development. This low score highlights the urgent need for investment in education and health to boost growth.
President Bola Tinubu has endorsed digital economy initiatives and emphasized the importance of enhanced intra-African trade. He promises increased collaboration with African nations to unlock the continent's economic potential.
Vice President Shettima has arrived in Jigawa for the upcoming J-Invest Summit 2026. The summit aims to unlock opportunities and promote sustainable growth in the region.
The Enterprise Development Centre, Pan-Atlantic University, in partnership with the Alliance for Green Revolution in Africa (AGRA), Kaduna Business School, read more EDC, SMEDAN, others strengthen agric-economy, certify business development service providers
Cooking gas prices in Nigeria have decreased, now ranging from ₦1,100 to ₦1,350 per kilogram in Lagos. This decline is a positive development for consumers facing high living costs.
The rate reflects continued stability in the official market after the Central Bank of Nigeria’s recent efforts to improve liquidity and transparency in the foreign exchange system. The post Naira To Dollar Exchange Rate July 1, 2026 appeared first on Channels Television.
Comprising 1.4 million barrels per day in Nigeria and a planned 700,000 barrels per day refining complex in Kenya to serve East African markets. The post Dangote To Raise Refining Capacity To 2.1mb/d appeared first on Channels Television.
A five-year research project by the Petroleum Technology Development Fund (PTDF), in partnership with the University of Jos (UNIJOS), has read more Plateau sits on oil, gas deposits, five-year UniJos’ study reveals
ASHON has criticized FTSE Russell for halting Nigeria's upgrade to the Frontier Market due to the T+1 transition. This decision has sparked backlash among domestic stockbrokers who are concerned about the implications for the market.