Business

The Central Bank of Nigeria (CBN) welcomes the Financial Action Task Force’s (FATF) formal announcement of Nigeria’s removal from the list of jurisdictions under increased monitoring, known as the “grey list”, following a successful on-site evaluation of reforms implemented across the financial system. The FATF decision recognises significant improvements in…

The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion as Federation Account revenue for September 2025 to the Federal Government, States, and Local Government Councils (LGCs). The allocation was made at the October 2025 FAAC meeting held in Abuja. The N2.103 trillion total distributable revenue…

In an effort to enhance bilateral cooperation and technical exchange, the Central Bank of Nigeria (CBN) and the Bank of Angola, on the sidelines of the ongoing Annual meetings of the IMF and World Bank, signed a Memorandum of Understanding (MOU) for bilateral technical cooperation. The agreement, which was signed …

As the various economic reforms policy of President Bola Tinubu is taking its toll on the financial wellbeing of most Nigerians, the Central Bank of Nigeria (CBN) too is not only showing that it’s aware of the concomitant pains that must come with the policy, but is also advancing on…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to establishing macroeconomic stability, fortifying the banking sector, and establishing Nigeria as a top investment destination. Mr. Cardoso stated during a fireside chat moderated by Andreas Voss, Chief Country Representative, Deutsche Bank Nigeria,…

Dangote Industries Limited (DIL) has reiterated its warning to truck operators against the unauthorised use of its logo on their trucks, noting that their actions have caused serious embarrassment to the brand. The company stated that despite previous warnings, certain truckers with no affiliation to Dangote continue to display its…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has congratulated to the newly Managing Director and the Executive Director Operations of the Nigeria Deposit Insurance Corporation (NDIC) on their appointments and expressed optimism about deepening collaboration between the two institutions. Speaking on Wednesday at the CBN…

Samsung has reported a significant drop in its second-quarter (Q2) 2025 operating profit, with figures plunging by 55 per cent year-on-year to KRW 4.7 trillion ($3.4 billion), as the company grappled with a downturn in the semiconductor sector. Samsung made this known in its second quarter report made available on…

Access Bank Tanzania has presented the Power of 100 Africa Women Award to President Samia Suluhu Hassan of the United Republic of Tanzania, in recognition of her exceptional leadership, inclusive governance, and contributions to national and regional development. The award was formally presented during a courtesy visit to the State…

The Corporate Affairs Commission (CAC) has postponed the enforcement of new fees and penalties on its upgraded registration portal to September 1, 2025. In a public notice, the Commission explained that the decision was taken in response to transitional challenges faced by users, including difficulties in downloading documents, processing payments,…