CBN Mandates AI-Powered AML Systems for Banks and Fintechs in Landmark Guidelines
Nigeria's Central Bank (CBN) has taken a historic step by formally incorporating artificial intelligence and machine learning into its anti-money...
Nigeria’s External Debt Servicing Bill Climbs to $5.21bn in 2025, Claiming 72% of International Outflows
Nigeria channeled approximately $5.21 billion toward servicing its external debt obligations in 2025, representing a sharp 11.9% increase from $4.66...
Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue
Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...
FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence
FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...
NGX All-Share Index Breaks Historic 197,000 Barrier in Landmark Session
The Nigerian stock market achieved a major milestone today, with the All-Share Index (ASI) surging past the 197,000-point level for...
Naira Slips to N1,398/$ on Friday, Marking Weakest Close Since Late January
The Nigerian naira extended its recent downward drift, closing the trading week at N1,398 per US dollar in the official...
NGX All-Share Index Climbs 2.14% WoW to 196,968 Amid Oil Price Surge
The Nigerian Exchange (NGX) wrapped up last week on a positive note, with the benchmark All-Share Index (ASI) advancing 2.14%...
China’s Exports to Nigeria Hit Record $24.9 Billion in 2025, Widening Trade Imbalance
Bilateral trade between China and Nigeria reached new heights in 2025, with Chinese exports to Africa's most populous nation surging...
CBN Reforms Push Reserves to 13-Year High of $50.45bn.
Nigeria's foreign exchange reforms under the Central Bank of Nigeria (CBN) are starting to deliver tangible results, pushing gross external...
Strong Investor Demand Fuels Oversubscribed Treasury Bills Auction as CBN Allots N1.01 Trillion
The Central Bank of Nigeria (CBN) saw robust appetite for government securities in its latest Treasury Bills Primary Market Auction...
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FG Releases Revised Import Prohibition List, Bans Paracetamol, Tomato Paste and others.
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