Nigeria is making its most ambitious fiscal push yet, projecting to generate at least ₦17.85 trillion ($11.92 billion) in tax and customs revenues by 2026. With oil revenues shrinking, the...
The naira strengthened across both the official and parallel foreign exchange markets in the first week of September 2025, extending the steady gains recorded at the close of August. The...
Kenya’s Central Bank (CBK) has intensified its regulatory grip on the banking sector, fining 11 commercial lenders and several forex bureaus a combined KES 191 million ($1.48 million) in the...
Olusegun Alebiosu is the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), having assumed the role in June 2024, following a stint as Acting...
In a decisive step to strengthen its strategic and operational core, Abbey Mortgage Bank Plc has appointed Mr. John Okonkwo as Executive Director for Finance, Risk, and Operations, effective August...
In a bold regulatory pivot, Nigeria’s Federal Inland Revenue Service (FIRS) is rolling out a real-time transaction monitoring system to track Value Added Tax (VAT)-eligible digital payments. The platform—dubbed the...
In a continued show of monetary restraint, the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%, following the conclusion of its 301st Monetary Policy...
Eight Nigerian commercial banks have successfully surpassed the Central Bank of Nigeria’s (CBN) new recapitalisation benchmarks, marking a major milestone in the country’s most ambitious banking reform in over a...
A new World Bank Global Findex 2025 report reveals a startling insight into Nigeria’s evolving financial behavior: 59% of Nigerian adults borrowed money in 2024—one of the highest borrowing rates...
In a strategic relaunch that underscores its growing global ambitions, Nigerian neobank Kuda Technologies has re-entered the cross-border remittance market—this time with a multi-currency wallet built entirely in-house. This follows...
