The Central Bank of Nigeria (CBN) said the bank recapitalisation exercise is progressing steadily, with 16 banks already meeting the new capital requirements ahead of the March 31, 2026 deadline. Another 27 banks have also raiseRead More
Finance and Economy
Nigeria’s Money Supply Surges 75.9% In 2 YearsMoney supply to Nigeria’s economy has significantly surged to a record N117.8 trillion in two years, amid growing banks’ credit to the governmentVanguard findings from the data releaRead More
Pastors And Imams Must Pay Tax On Salaries – OyedeleThe Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that pastors, imams, and other religious workers are liable to pay taxRead More
Inflation drops to 16.05% in OctoberNigeria’s inflation trajectory showed a notable improvement in October 2025, with the headline inflation rate easing to 16.05%, a significant decline from the 18.02% recorded in September 2025Read More
Nigerians To Stop Paying Five Common Bank Charges From January 2026 — OyedeleMillions of Nigerians will experience significant financial relief from January 2026 as five frequently applied bank charges are set to be abolished unRead More
S&P Raises Nigeria's Outlook To 'Positive' As Reforms Take Hold - ReutersS&P Global Ratings revised its outlook on Nigeria to "positive" from "stable" on Friday, backing the country's ongoing economic reforms, and also afRead More
Nigeria Leapfrogs 15 Places On FX Access, Now Fourth In AfricaTax: Nigeria partners with over 100 countries to track remote workers’ income – OyedeleChairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Read More
FG Mulls Refineries Sale To Boost Competition Nigeria’s four state-owned refineries — located in Port Harcourt, Warri, and Kaduna — have a combined installed capacity of 445,000 barrels per day (bpd) but have remainedRead More
Oando suspends petrol imports as Dangote raises output Oando Plc says it has suspended petrol importation into the country as the commencement of domestic fuel supply by the Dangote Refinery continues to disrupt Nigeria’s Read More
Nigerian Eurobond oversubscribed by 400% despite Trump’s threat The Eurobond issued today was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat.The duaRead More
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Finance, Investment and Economic matters
Finance, Investment and Economic matters
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12 Members
Olugbemi. Adeyinka Ogunleye
The economy is attractive enough, banks will easily raise the capitalization this time around