Standard Chartered completes transfer of Cameroon business to Access bank
Standard Chartered has completed the transfer of its Cameroon business to Access Bank Cameroon. The move follows the bank’s plan to reduce its presence... Read more.
Nigeria bets on digital payments VAT for more revenue
Nigeria is leveraging the growth of digital payments to increase Value Added Tax (VAT) collection. Officials said today that the surge in cashless transactions... Read more.
Nigeria faces uphill task selling new upstream oil dream
Nigeria’s latest plan to attract foreign investment in the upstream oil sector faces significant challenges. Despite launching strategies to license new acreage,... Read more.
Naira extends decline, closes week at ₦1,454/$1 amid holiday demand pressure
…holiday season triggers increased forex demand The naira continued its downward slide this week, ending trading at ₦1,454 per US dollar, driven largely... Read more.
Software spending by 7 SWOOT giants surges in 9M 2025 as competition intensifies
Nigeria’s seven SWOOT giants — Seplat, Wema Bank, Oando, MTN Nigeria, Dangote Cement, GTCO, and Zenith Bank — increased their software and digital-infrastructure... Read more.
OPEC reports oil output slips in november, nigeria among countries affected by outages
Global oil production among OPEC members fell in November 2025 to 28.40 million barrels per day, a decline of 30,000 bpd compared with October, according to a survey... Read more.
Nigeria approves ₦185 billion payment for gas debts to boost power supply
The Federal Government of Nigeria has approved a payment of ₦185 billion (≈ US$128 million) to settle debts owed to gas producers supplying power-generating... Read more.
CBN tightens cash withdrawal limits to strengthen anti-money laundering measures
Nigeria’s Central Bank has introduced new cash withdrawal rules aimed at reducing cash-based transactions and strengthening the country’s defences against money-laundering... Read more.
Nigeria’s business climate sees steady uptick as confidence strengthens in November
…Business confidence extends 11-month expansion Nigeria’s business environment continued its upward momentum in November 2025, marking the 11th consecutive... Read more.
FEC approves 2026–2028 MTEF, sets N34.33 trillion revenue target
The Federal Executive Council (FEC) has approved Nigeria’s Medium-Term Expenditure Framework (MTEF) for 2026–2028, outlining the country’s fiscal direction... Read more.
