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CBN Unveils Tough Regulations as Banks Reposition For Growth

The Central Bank of Nigeria has tightened oversight of banks after lenders raised N4.65 trillion in a major recapitalisation exercise...

  • tinubu worldbank tinubu worldbank tinubu worldbank
    Business2 days ago

    BREAKING: Tinubu, World Bank in Talks Over Second-Largest $1.25bn Loan as Nigeria’s Debt Nears N161tn

    The Federal Government is seeking a fresh $1.25 billion World Bank loan to support economic reforms and job creation, a move that could push Nigeria’s total...

  • Jim Ovia and Zenith Jim Ovia and Zenith Jim Ovia and Zenith
    Business1 week ago

    BREAKING: Zenith Bank Founder Jim Ovia Retires, Details

    Zenith Bank has announced the retirement of its founder and chairman, Jim Ovia, after completing his mandatory tenure, with Mustafa Bello appointed as successor.

  • Dangote3 Dangote3 Dangote3
    Business2 weeks ago

    Dangote Refinery’s 1.4mbpd Expansion to Create 95,000 Jobs

    Aliko Dangote says the planned expansion of the Dangote Petroleum Refinery will significantly boost employment, strengthen local expertise...

  • CBN Office Abuja CBN Office Abuja CBN Office Abuja
    Business3 weeks ago

    CBN Announces 10 New BVN Rules Nigerians Must Follow Starting May 1

    The Central Bank of Nigeria has unveiled 10 major changes to the new BVN system, introducing stricter controls on devices, transactions...

  • CBN Building Abuja CBN Building Abuja CBN Building Abuja
    Business2 months ago

    BREAKING: CBN Bars Loan Defaulters from New Credit, Banking Services

    The Central Bank of Nigeria has directed banks to deny additional credit facilities and certain banking services to large borrowers with non-performing loans.

  • dangot dangot dangot
    Business2 months ago

    Monopoly Fears Rise as Dangote Controls ₦14.4tn Petrol Market in Nigeria

    Energy experts, economists and labour leaders have raised concerns after the Federal Government halted petrol import licences.

  • Kadoso CBN Kadoso CBN Kadoso CBN
    Business3 months ago

    BREAKING: CBN Allows BDCs Back into FX Market, Sets $150,000 Weekly Purchase Limit

    The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the foreign exchange market.

  • Nigeria 2025 Tax Law Reforms Nigeria 2025 Tax Law Reforms Nigeria 2025 Tax Law Reforms
    Business4 months ago

    Bank Transfer Narrations That Could Save Nigerians from Being Taxed

    As Nigeria prepares to implement a new tax regime in 2026, tax experts warn that vague bank transfer narrations could expose Nigerians to unexpected tax bills.

  • Allen and Air Peace Allen and Air Peace Allen and Air Peace
    Business5 months ago

    FG Counters Air Peace CEO’s Claim on New Tax Laws

    The Federal Government has dismissed claims by Air Peace CEO Allen Onyema that Nigeria’s new tax reforms will hurt airlines and push ticket prices sky-high.

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