CBN reduces number of licensed BDCs to 82 under revised guidelines
Dec. 8, 2025 The Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect from Nov. 27. A statement issued in…
Nationwide massive discounts headline Konga Naija Shopping Festival
Nigeria’s leading composite e-commerce giant, Konga, has officially flagged off the Konga Naija Shopping Festival, a nationwide end-of-year shopping campaign designed to bring unmatched value, convenience, and festive cheer to…
UBA emerges Africa’s Bank of the Year, wins Best Bank in nine out of 20 African subsidiaries
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank…
Emadeb Energy Group presents first oil from Ibom field to Akwa Ibom governor
The Emadeb Energy Group has presented the first oil from the Ibom Field, PPL 236, to the Akwa Ibom State Governor, Pastor Umo Eno. The presentation was made during a…
CAC moves against illegal PoS operators, sets Jan. 1 compliance deadline
Dec. 6. 2025 The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The CAC in a…
Police Inspector shot dead at checkpoint in Edo
Dec. 5, 2025 A police inspector attached to the Ekiadolor Area Command was on Friday shot dead by gunmen who opened fire during a routine stop-and-search operation in Benin, the…
Chevron to join Nigeria oil licence auction, plans rig deployment in 2026
December 5, 2025 Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to…
FEC approves 2026–2028 MTEF, targets N34.3trn revenue
Dec. 3, 2025 The Federal Executive Council (FEC) on Wednesday approved the 2026–2028 Medium-Term Expenditure Framework (MTEF), outlining revenue projections, fiscal assumptions and spending priorities for the next three years….
Developing Countries’ Debt Outflows Hit 50-Year High During 2022-2024
December 3, 2025 Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap…
CBN raises cash withdrawal limit; makes other changes
The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000. This is…