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CBN Revokes Licences of 46 Microfinance Banks
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026,...
Nigeria’s Inflation Rises for Third Consecutive Month, Hitting 15.93% in May 2026
BY NKECHI NAECHE-ESEZOBOR—Data released by the National Bureau of Statistics (NBS) shows that Nigeria’s annual headline inflation rate rose for the third consecutive...
Nigeria’s Inflation Rate Rises to 15.69% in April 2026 – NBS
BY NKECHI NAECHE-ESEZOBOR—The National Bureau of Statistics (NBS), has said that Nigeria’s headline inflation rate increased to 15.69% in April 2026, when compared...
CBN Introduces Revised Foreign Exchange Guide for Improved Market Efficiency
The Central Bank of Nigeria has introduced the fourth edition of its Foreign Exchange Handbook as part of efforts aimed at improving openness,...
Reaffirms Commitment to Stronger Shariah Governance in Non-Interest Finance Sector
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening Shariah governance, regulatory clarity, and risk management within the...
CBN Warns Against Rising State Debt
BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has warned that reckless borrowing, uncontrolled spending and poor fiscal coordination by State Governments could...
Senate Approves ₦2.2trn FCT 2026 Budget, Allocates 76% to Capital Projects
BY NKECHI NAECHE-ESEZOBOR—The Senate has approved the 2026 Federal Capital Territory (FCT) budget of ₦2.2 trillion, allocating approximately ₦1.7 trillion, representing 76 per...
Afreximbank Targets Fuel Import Reduction with New Refinery Projects
BTNKECHI NAECHE-ESEZOBOR—The African Export-Import Bank plans to fund three new refineries in Nigeria to cut fuel imports and boost local production capacity. Senior...
