CBN

Business and Economy

Business lending to cost less as CBN cuts interest rates to 26.5%

BANKING and other financial lending institutions are expected to adjust their cost of funds for businesses as the Monetary...
Harrison EDEH -
Banking and Finance

Banking recapitalisation: bank-merging risks loom as March 31, deadline draws closer

THERE are indications that some banks will merge as some deposit money banks (DMBs) in last-ditch efforts to meet...
Harrison EDEH -
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Business and Economy

FG’s budget carryover casts doubt on projected 4.49% economic growth in 2026

NIGERIA'S economy is projected to expand by 4.49 per cent in 2026, reflecting sustained gains from ongoing reforms. However,...
Harrison EDEH -
Banking and Finance

CBN revokes Union Homes, Aso Savings lincences, cites capitalisation concerns

THE Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union...
Harrison EDEH -
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Business and Economy

CBN licenses 82 BDCs, warns against patronising unlicensed operators

THE Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with...
Harrison EDEH -
Business and Economy

CAC sets January 2026 deadline, moves against unregistered PoS agents

THE Corporate Affairs Commission (CAC) has issued a directive to Point-of-Sale (PoS) operators nationwide as it launches a sweeping...
Nurudeen AKEWUSHOLA -
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