Nigeria’s banking sector maximum lending rate drops to 34.78%
Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector…
70% of Nigerians lack access to mortgage financing – Report
About 70 per cent of Nigerians remain excluded from mortgage financing, leaving the country’s real estate market heavily dependent on…
Daya Raised $2.4 million to Facilitate Stablecoin Payments
There are indications that the African fintech sector in 2026 is making a play for stablecoins. The latest company joining…
DMO ramps up domestic debt, raises N1.2trn via FGN bonds
The Federal Government significantly ramped up its domestic borrowing programme in June, raising N1.2 trillion through the Debt Management Office…
S&P raises Nigeria’s 2026 inflation forecast to 16.9%, cuts growth outlook
S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9 per cent from an earlier…
Nigeria needs more taxpayers, not higher taxes, says Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says Nigeria’s revenue challenge lies in expanding the…
Organised private sector faults tax laws’ implementation
Fresh controversy is raging between the Organised Private Sector of Nigeria (OPSN) and the Nigeria Revenue Service (NRS) over the…
FG directs banks to freeze assets of terrorism financiers
The Federal Government yesterday directed financial institutions and designated non-financial businesses and professions to maintain full compliance with sanctions obligations…
Nigeria’s poor transparency rating may scare investors away, says NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has warned that Nigeria could lose significant foreign investment in its oil, gas…
CBN reports N17.4tn surge in FG borrowing
Fresh data released by the Central Bank of Nigeria (CBN) reveals that credit to the Federal Government rose sharply over…