Nigerian insurance sector’s total gross premium hit N2.3trn
The Nigerian insurance sector in the year 2025 achieved a gross premium income of N2.3trillion. The outgoing Chairman of Nigerian…
CBN limits suspension of payment obligations involving troubled banks to two days
The Central Bank of Nigeria (CBN) has issued new guidance limiting the suspension of payment obligations involving troubled banks and…
PenCom, ICPC recover over N3b un-remitted pension contribution
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) in partnership with the National Pension Commission (PenCom) have recovered…
NDIC begins liquidation of 46 microfinance banks after CBN revoked licences
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the liquidation of the 46 microfinance banks (MFBs) whose operating…
DBN secures N200m EIB loan for SMEs
The European Investment Bank Group’s development arm, EIB Global and the Development Bank of Nigeria have announced a €200 million…
FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF
The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about…
CBN revokes licences of 46 microfinance banks over breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
World Bank approves $1.25 billion loan to Nigeria despite backlash
The World Bank has approved a $1.25 billion Development Policy Financing loan for Nigeria despite widespread public criticism over the…
EU financiers expand Nigeria investment push with €20m
European development finance institutions have expanded their investment presence in Nigeria with the launch of a fresh €20m Nigeria Country…
NDIC pays over N37.8bn paid to depositors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) says it paid N4.06 billion to 13,446 insured depositors of failed banks in 2025.…