Business & Economy Desk · News Category
Banking
Banking · Hot Pulse
CBN Cuts Interest Rate From 26.5% to 23%
The CBN has reduced its benchmark interest rate from 26.5% to 23%, a 350-basis-point cut aimed at easing monetary conditions amid moderating inflation…
Banking · Viral Pulse
Dangote Refinery IPO Opens for Subscription at ₦525 Per Share
The Dangote Petroleum Refinery IPO is now open, offering investors an opportunity to acquire shares in the major industrial project for as little as ₦…
Banking · Viral Pulse
PRESS DISCUSSION: The History of OPay
OPay has become a familiar name in Nigeria’s financial landscape, but its journey began in 2018 as an Opera-incubated fintech venture. This Press Disc…
Banking · Hot Pulse
Tinubu Signs Executive Order to Regulate Cryptocurrency, Virtual Assets in Nigeria
President Bola Tinubu has signed an executive order establishing a unified regulatory framework for virtual assets and cryptocurrencies, creating a CB…
Banking · Hot Pulse
CBN Revokes Licences of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks across the country, citing their failure to comply with…
Banking · Viral Pulse
CBN Orders Banks, Fintechs to Localise Payment Data Storage by 2027
The Central Bank of Nigeria (CBN) has directed banks, fintech companies, and other payment service providers operating in the country to ensure that a…
Banking
World Bank Withdraws $717 Million Loan Amid Power Sector Crisis in Nigeria
Nigeria's $717 million World Bank loan cancellation reveals deeper financial turmoil in the power sector. Analysts warn of worsening tariff shortfalls…
Banking
Naira Dips Again: Dollar Soars to ₦1,395 Amid Rising Demand Pressure
The Nigerian naira falters as the dollar reaches ₦1,395, revealing deep market pressures. What’s driving this alarming trend in the foreign exchange l…
Banking
CBN to States: “End the Overdraft Habit” — Warning Issued Over Inflation Risks
CBN to States: Curb Short-Term Debt or Risk Inflation. The Central Bank of Nigeria warns that reckless state borrowing and a $5.68bn debt surge threat…
