CBN Recapitalization Update: 20 Banks Meet Capital Requirements Ahead of Deadline Join our WhatsApp community The Central Bank of Nigeria’s recapitalization exercise has recorded fresh progress as 20 commercial banks have so far met the required capital thresholds. This was…
The Securities and Exchange Commission (SEC) has formally announced an increase in minimum capital requirements for all categories of capital market operators (CMOs). In a Friday circular, the SEC stated that the need to improve investor protection and market resiliency…
Nigeria inflation rate falls to 15.15 percent as food prices drop significantly Join our WhatsApp community For many Nigerians who have been battling with the high cost of living over the last two years, the latest news from the National…
Paystack Banking License Signals New Era as Fintech Acquires Ladder Microfinance Bank Join our WhatsApp community Paystack’s banking license has become a major talking point in Nigeria’s fintech space following the company’s acquisition of Ladder Microfinance Bank. The move grants…
Nigeria prepares for a massive shift as electric vehicles take over the roads in 2026. Join our WhatsApp community If you have spent any time in Nigerian traffic lately, you will notice that the conversation is slowly changing from the…
Nigerians Brace for New Charges as 7.5% VAT on Bank Transfers Begins January 19, 2026 Join our WhatsApp community Nigerians will soon begin paying a 7.5% VAT on bank transfers following a new government-backed directive that introduces additional charges on…
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been ordered by a Federal Capital Territory (FCT) high court to freeze N7.15 billion associated with Parallex Bank Limited. After FHT Mega Express Limited filed an…
NRS Boss says New Tax Laws Reduce January Salary Deductions for Low-Income Earners Join our WhatsApp community The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has advised Nigerians in the lower income category to carefully check…
World Bank predicts Nigeria’s economic growth to hit a decade high of 4.4 percent. Join our WhatsApp community If you have been following the news lately, you would know that the conversation around Nigeria’s economy has been quite heavy. We…
New U.S. guidelines on immigration status and credit applications If you have ever dreamt of making it big in the United States, you probably know that credit is the lifeblood of that system. From buying a “tear rubber” car to…
Satellite TV giant, Multichoice Nigeria has officially announced the appointment of Kemi Omotosho as its new Chief Executive Officer following the retirement of John Ugbe. The company, in a statement on Monday, revealed that Omotosho’s appointment will take effect from…
Nigeria morning news recap and daily updates Join our WhatsApp community Good morning to every Nigerian waking up to the hustle and bustle of another busy week. If you have been following the headlines, you will know that the air…
Aliko Dangote drags ex NMDPRA boss to EFCC over corruption claims. Join our WhatsApp group The new year has barely taken its first full breath, yet the Nigerian business and political landscape is already witnessing a heavyweight battle that many…
NCC and CBN to enforce 30 second refund for failed airtime and data purchases. Join our WhatsApp group We have all been there. You are in a hurry to join a virtual meeting or send an urgent message, and you…
Nigeria cash outside banks report Join our WhatsApp group The latest financial data from the Central Bank of Nigeria has brought a very serious matter to the table for discussion. According to the recent reports for November, more than 93…
