97 m. ago Appeal Court Directs Custody Of FPSO Tamara Tokoni Crude Amid $225.8m Debt Row

The Court of Appeal in Abuja has directed its Chief Registrar, in collaboration with the Admiralty Marshal, to take custody and safeguard crude oil cargo aboard the FPSO Tamara Tokoni. The order is to prevent expropriation, dissipation, or fraudulent dealings by any of the parties involved in the ongoing dispute between First Bank of Nigeria […] The post Appeal Court Directs Custody Of FPSO Tamara Tokoni Crude Amid $225.8m Debt Row appeared first on Information Nigeria.

Politics

4 h. ago Nigeria, World Bank Deepen Engagement With States On Nutrition Financing

In collaboration with the World Bank, the Federal Ministry of Budget and Economic Planning has commenced the fourth round of training for budget officers from the different states of Nigeria on integrating nutrition into the national budget cycle. Delivered under the Accelerating Nutrition Results in Nigeria (ANRiN) Project, the exercise has expanded from 11 pilot […]

Politics

9 h. ago Central Bank, Securities Exchange Approve Wema Bank’s N150bn Rights Issue

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved Wema Bank Plc’s N150 billion rights issue. The bank concluded its Rights Issue on May 21st,2025, having opened the Issue on April 14th,2025. This Rights Issue was undertaken in response to the CBN’s directive on the recapitalisation of banks in […]

Politics

32 h. ago CBN launches PSV 2028 to power inclusive, innovative payments future

By Chiwendu Obienyi and Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has unveiled the Nigeria Payments System Vision 2028 (PSV 2028), a bold blueprint designed to transform the country’s financial ecosystem into a more inclusive, innovative, and globally competitive payments landscape. The new strategy was launched at the inaugural meeting of the PSV […] The post CBN launches PSV 2028 to power inclusive, innovative payments future appeared first on The Sun Nigeria.

Politics

56 h. ago CBN targets $1bn diaspora reserve by 2026, hails banks’ role

The Central Bank of Nigeria (CBN) has announced plans to grow the country’s diaspora reserve to one billion dollars by 2026, building on current inflows of about 600 million dollars. Dr. Olayemi Cardoso, Governor of the CBN, disclosed this on Tuesday at the 18th Annual Banking and Finance Conference organised by the Chartered Institute of […] The post CBN targets $1bn diaspora reserve by 2026, hails banks’ role appeared first on The Sun Nigeria.

Politics

62 h. ago CBN announces interest rate decisions meeting to hold September 22

Naira trades flat at 1,506.08/$ The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its read more CBN announces interest rate decisions meeting to hold September 22

Politics

63 h. ago IATF hosting right reaffirms Nigeria’s role in Africa’s trade – OPS

By Merit Ibe The organised private sector (OPS) has asserted that the right granted Nigeria by the African Export-Import Bank (Afrexim Bank) to host the Intra-African Trade Fair (IATF) 2027 in Lagos reaffirms the country’s central role in Africa’s trade integration agenda. Extending its congratulations to the Federal Government on the announcement, the Nigerian Association […] The post IATF hosting right reaffirms Nigeria’s role in Africa’s trade – OPS appeared first on The Sun Nigeria.

Politics

64 h. ago Cardoso rallies banks to meet $1bn monthly diaspora remittance target

… Tinubu urges banks, regulators to deepen reforms, drive inclusive digital growth Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN), read more Cardoso rallies banks to meet $1bn monthly diaspora remittance target

Politics

3 d. ago Council Funds: Osun Govt Contests Jurisdiction Of Abuja Court

A legal battle began yesterday at the Federal High Court, Abuja, with the Osun State government challenging the transfer of a suit from the Osogbo Division of the court to the Abuja. The suit seeks to restrain the Central Bank of Nigeria (CBN) from opening accounts for the chairmen elected on the platform of the […]

Politics

3 d. ago Power sector: FG seeks $500m World Bank loan to reset DisCos

From Isaac Anumihe, Abuja Following the poor performance of the power sector, Federal Government has disclosed that it is working with the World Bank to assess a loan facility of $500 million to reset the distribution side (DIsCos). Speaking to newsmen in Abuja, Director General (DG) of Bureau of Public Enterprises (BPE), Mr Ayodeji Ariyo […] The post Power sector: FG seeks $500m World Bank loan to reset DisCos appeared first on The Sun Nigeria.

Politics

4 d. ago Cardoso signals possible rate cuts as inflation cools, capital flows strengthen

Olayemi Cardoso, governor, Central Bank of Nigeria (CBN) has said there is room for interest rates to fall as inflation read more Cardoso signals possible rate cuts as inflation cools, capital flows strengthen

Politics

4 d. ago Cardoso signals rate cuts as inflation cools, capital flows strengthen

Central Bank of Nigeria (CBN) governor Olayemi Cardoso has hinted that interest rates could fall as inflation eases and capital read more Cardoso signals rate cuts as inflation cools, capital flows strengthen

Politics

4 d. ago CBN creates new unit to tackle bank risks, protect customers

Tribune Online CBN creates new unit to tackle bank risks, protect customers The Central Bank of Nigeria (CBN) has set up a new Compliance Department to improve supervision of financial institutions and strengthen the fight against risks in the banking sector. The department, which started operations in the second quarter of 2025, will now handle areas that were previously managed by different CBN units. According to Olubunmi […] CBN creates new unit to tackle bank risks, protect customers Tribune Online

Economics

4 d. ago First Bank Supports Gold, Minerals Value Chain, Sponsors Exhibition

First Bank of Nigeria (FBN) Limited has offered its support to the gold and minerals value chain; hence, it has decided to be a major sponsor of the upcoming Gold and Gemstone Conference & Exhibition (GGCE) 2025. The exhibition is slated for November 24 to 28, 2025, in Lagos. The organisers said, FirstBank’s sponsorship underscores […]

Politics

4 d. ago Abuja Customers Cry Out To BCAN Amid Rising Unauthorized Bank Debits

  A growing number of bank customers in Abuja have raised concerns about repeated debits from their accounts, despite having lodged formal complaints with their banks. Some affected customers, who spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja, urged the Bank Customers Association of Nigeria (BCAN) to intervene and safeguard their […] The post Abuja Customers Cry Out To BCAN Amid Rising Unauthorized Bank Debits appeared first on Information Nigeria.

Economics

4 d. ago Afreximbank, BoA seal $1bn deal to support Nigerian farmers, SMEs

Tribune Online Afreximbank, BoA seal $1bn deal to support Nigerian farmers, SMEs The African Export-Import Bank (Afreximbank) and Nigeria’s Bank of Agriculture (BoA) have signed a landmark $1 billion agreement to support smallholder farmers and small and medium-sized enterprises (SMEs) in Nigeria. Afreximbank, BoA seal $1bn deal to support Nigerian farmers, SMEs Tribune Online

Politics

7 d. ago CBN Strengthens Regulatory Oversight With Compliance Department

The Central Bank of Nigeria (CBN) has announced the establishment of a dedicated Compiance Department as part of ongoing reforms to enhance regulatory effectiveness and streamline supervisory responsibilities. According to a circular signed by Olubunmi Ayodele-Oni, the new department was created in the first quarter of 2025 with full operational responsibilities commencing in the second […]

Politics

7 d. ago CBN strengthens banking sector surveillance with new compliance department

The Central Bank of Nigeria (CBN) has established a dedicated Compliance Department as part of efforts to enhance regulatory oversight read more CBN strengthens banking sector surveillance with new compliance department

Politics

7 d. ago Osun ALGON accuses CBN of replacing civil servants with APC members as signatories to LG bank accounts

The Association of Local Governments of Nigeria (ALGON), Osun State chapter, has accused the Central Bank of Nigeria (CBN) of colluding with members of the All Progressives Congress (APC) to illegally open bank accounts in the names of local governments. At a press conference held in Osogbo yesterday, the state ALGON chairman, Sarafadeen Awotunde, flanked […] The post Osun ALGON accuses CBN of replacing civil servants with APC members as signatories to LG bank accounts appeared first on The Sun Nigeria.

Politics

9 d. ago NEXIM Bank disburses over N420bn to exporters, creates 12,000 direct jobs

Nigeria’s Export-Import Bank (NEXIM) has disbursed over ₦420 billion in export financing, creating more than 12,000 direct jobs and thousands read more NEXIM Bank disburses over N420bn to exporters, creates 12,000 direct jobs

Politics