Banking & Finance
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218CBN Gives Banks Oct. 31 Deadline for Payment System Upgrade
The Central Bank of Nigeria has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to...
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2.8KHighlights of New Tax Laws Starting January 1, 2026
Nigeria’s new tax laws, set to take effect on January 1, 2026, represent a significant overhaul of the country’s fiscal framework. These...
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3.0KBanks’ Cash Deposits with CBN Fall 41.6% in 1 Week, Borrowing Hits ₦820b
Nigeria’s banking system witnessed a sharp reversal in liquidity dynamics last week, as commercial banks cut back excess cash placements with the...
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Customers’ Bill of Rights: CBN Strengthens Fair Banking Drive
With over 66 million Nigerians enrolled on the Bank Verification Number system, the Central Bank of Nigeria has introduced a Customers’ Bill...
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2.9KEdun, Cardoso Pledge to Strengthen Fiscal, Monetary Coordination
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria, Olayemi...
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3.0KCurrency Outside Banks Tapers to ₦4.49tr, Now 90% of Cash in Circulation
Currency outside the formal banking system moderated to N4.49 trillion in June 2025, down from N4.63 trillion in May, though it continued...
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CBN Promises Sustenance of Financial Sector’s Consumers Protection Initiatives
The Central Bank of Nigeria (CBN), has assured Nigerians that the apex financial institution would sustain various initiatives aimed at boosting the...
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CBN Intensifies Public Sensitisation in Drive for Financial Inclusion
The Central Bank of Nigeria (CBN) has intensified efforts to connect directly with Nigerians through its inaugural “CBN Fair” in Lagos, using...
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2.8KWorld Bank Approves ₦12.88tr Loans to Nigeria in Two Years
The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to...
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2.7KFIRS Begins E-Invoicing for Large Taxpayers
The Federal Inland Revenue Service (FIRS) has commenced an electronic invoicing solution (e-invoicing) aimed at revolutionising tax payment in the country. The...
