21 h. ago Nigeria’s cashew boom hits as industry pushes for scale, value, forex gains

Nigeria’s cashew industry is quietly becoming one of the country’s most bankable non oil export stories. Annual cashew exports have read more Nigeria’s cashew boom hits as industry pushes for scale, value, forex gains

Politics

23 h. ago 13,417 Nigerian Fraudsters Listed On Person Of Interest Portal

At least 13,417 individuals linked to fraudulent activities in Nigeria’s financial system have been captured on the Person of Interest Portal jointly developed by the Nigeria Inter Bank Settlement System (NIBSS) in collaboration with the Central Bank of Nigeria (CBN), security agencies and other stakeholders. The managing director of NIBSS,  Premier Oiwoh disclosed this while […]

Politics

23 h. ago Liquidity Pressures Persist As Banks’ Standing Deposit Facility Placements Hit N33.05trn

The Standing Deposit Facility (SDF) rose to N10.14 trillion last week from N8.8 trillion the previous week, underscoring persistent excess liquidity in the banking system despite the Central Bank of Nigeria’s (CBN) ongoing monetary tightening measures. In total, banks’ deposits into the CBN’s coffers were N33.05 trillion in the 16 working days of this January, […]

Politics

44 h. ago Land banking tops destinations for investors as opportunities unfold

As investment opportunities in real estate unfold across cities and market nodes in Nigeria, the most promising of the various read more Land banking tops destinations for investors as opportunities unfold

Politics

52 h. ago FG plans internet for 55,675 schools, hospitals with $500m loan

Nigeria’s digital infrastructure project, backed by a $500m World Bank loan, aims to connect over 55,000 schools and hospitals to broadband internet. Read More: https://punchng.com/fg-plans-internet-for-55675-schools-hospitals-with-500m-loan/

Politics

67 h. ago Africa Finance Brief: Regional banks step in as global lenders retreat

African finance is being reshaped by a shift toward regional capital as global lenders retreat, with Nigerian and South African read more Africa Finance Brief: Regional banks step in as global lenders retreat

Politics

3 d. ago World Bank Approves $50m Solar Farming Expansion Project For Nigeria, Others

The project is expected to have significant implications for Nigeria’s agricultural value chain, particularly in tackling post-harvest losses driven by inadequate storage, unreliable electricity, and limited access to modern processing tools. The post World Bank Approves $50m Solar Farming Expansion Project For Nigeria, Others appeared first on Channels Television.

Politics

3 d. ago Investors’ Appetite Spikes As Treasury Bills Subscription Hits N3.44trn

The Central Bank of Nigeria (CBN), recorded strong investor appetite at its Nigerian Treasury Bills primary market auction on Wednesday, with total subscriptions rising to N3.44 trillion. This is far above the offer amount and the highest level seen since December 2024, as investors moved to lock in elevated returns. At the auction, the apex […]

Economics

4 d. ago Zenith gets Kenyan nod for full takeover of Paramount Bank, bolsters East Africa reach

Zenith Bank, Nigeria’s second biggest lender by market value, has received approval from the Competition Authority of Kenya (CAK) to read more Zenith gets Kenyan nod for full takeover of Paramount Bank, bolsters East Africa reach

Politics

5 d. ago Nigeria’s big banks tighten grip on African expansion as global lenders retreat

…Recapitalisation, profit pressure, foreign exits reshape continental banking As global lenders retreat from Africa, some of Nigeria’s biggest banks have read more Nigeria’s big banks tighten grip on African expansion as global lenders retreat

Politics

5 d. ago W’Bank Approves $12m Loan For Nigerian States Hosting IDP Camps

The fresh funding for a federal project focuses on closing data gaps on displacement-related vulnerabilities. The post W’Bank Approves $12m Loan For Nigerian States Hosting IDP Camps appeared first on Channels Television.

Politics

5 d. ago Benue Government, World Bank And The New Empowerment Initiative For Women

Benue State Government just last week engaged with the Federal Ministry of Women Affairs and a World Bank team to activate the Nigeria for Women Program Scale-Up Project (NFWP-SU) in the state. This is a World Bank-backed initiative aimed at empowering women economically across Nigeria. With a $500 million funding, the project targets over 4 […]

Politics

6 d. ago Standard Chartered appoints Ayodeji Adelagun as acting CEO for Nigeria

Standard Chartered Nigeria has appointed Ayodeji (Deji) Adelagun as the acting chief executive officer of the bank’s operations in Nigeria. read more Standard Chartered appoints Ayodeji Adelagun as acting CEO for Nigeria

Politics

6 d. ago Like World Bank, IMF Upgrades Nigeria’s Economic Growth Outlook To 4.4%

The International Monetary Fund (IMF) has upgraded its economic growth forecast for Nigeria to 4.4 per cent in 2026 and 4.1 per cent in 2027, aligning with a similar positive revision by the World Bank, and citing improved macroeconomic stability as a key driver for the country and sub-Saharan Africa. In its January 2026 World […]

Politics

7 d. ago Nigeria’s fastest growth projection since 2015 can’t curb poverty

The International Monetary Fund (IMF) and the World Bank Group are predicting Nigeria’s fastest growth in 11 years in 2026, read more Nigeria’s fastest growth projection since 2015 can’t curb poverty

Politics

7 d. ago Abuse of court process: Parallex Bank urges court to dismiss FHT Mega Express’ N7.15bn suit

Parallex Bank Limited, A new generation financial institution in Nigeria, has urged the High Court of the Federal Capital Territory read more Abuse of court process: Parallex Bank urges court to dismiss FHT Mega Express’ N7.15bn suit

Politics

7 d. ago Nigerians Withdraw ₦36.3trn Via ATMs In 6 Months Despite Higher Charges — CBN

Nigerians withdrew a total of ₦36.34 trillion through Automated Teller Machines (ATMs) between January and June 2025, despite higher transaction charges introduced by the Central Bank of Nigeria (CBN) to curb excessive cash usage, according to data from the apex bank. Figures from the CBN’s quarterly statistical bulletin showed that withdrawals in the first half […]

Politics

1 week ago Nigeria’s growth upgrade is welcome, but turning it into jobs is the real test

When the World Bank raised Nigeria’s 2026 growth projection to 4.4 percent, it offered something the country has been short read more Nigeria’s growth upgrade is welcome, but turning it into jobs is the real test

Politics

1 week ago Recapitalisation: 20 banks hit capital mark ahead of deadline

The CBN reports that 20 banks have met the new capital requirements in the ongoing banking recapitalisation, aiming to boost Nigeria’s economy. Read More: https://punchng.com/recapitalisation-20-banks-hit-capital-mark-ahead-of-deadline/

Events

1 week ago VAT applies only to bank service charges, not transfers — NRS

The Nigeria Revenue Service clarifies that the 7.5% VAT on bank charges applies only to service fees, not the total amount of customer transfers. Read More: https://punchng.com/vat-applies-only-to-bank-service-charges-not-transfers-nrs/

Politics