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POLICYSTREET
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For years, Nigeria’s financial conglomerates have operated in ways that blur the lines between their constituent parts. A bank holds deposits. Its fintech subsidiary processes payments. Its...
United Bank for Africa Plc has announced the appointment of Mr. Emmanuel N. Nnorom as its next Group Chairman, effective 21 August 2026, following the scheduled retirement of Mr. Tony O. Elumelu from...
Nigeria enters the July 2026 MPC meeting with an economy that is expanding but still constrained, and a stabilisation effort that is incomplete rather than finished. Real GDP grew by 3.89 percent in...
The Central Bank of Nigeria's Monetary Policy Committee holds its 306th meeting on 20 – 21 July 2026, the third of five scheduled sessions this year. The decision it faces is more constrained than the...
Effective today, the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks under Sections 12 and 13 of BOFIA 2020, approved by Governor Cardoso. The stated grounds:...
When Nigeria's Central Bank raises its interest rate, commercial banks raise the rates they charge borrowers quickly and by a large amount. When the Central Bank cuts its rate, commercial banks reduce...
TikTok removed 4.02 million videos and terminated 86,000 live sessions in Nigeria during the fourth quarter of 2025, according to the platform's Community Guidelines Enforcement Report released this...
Seplat Energy, one of Nigeria's largest upstream oil producers, is undergoing a significant leadership transition that signals a broader shift in ownership and control of the country's energy sector...
Ecobank Transnational Incorporated, the pan-African banking group, has approved a dividend distribution of $40 million to shareholders following its 38th Annual General Meeting held in Lomé, Togo on...
Oil is trading with a clear war premium again. Prices have not returned to the April spike, but the latest jump shows that markets are re-pricing risk as if the Strait of Hormuz were a structural...
Nigeria now moves more than ₦1 quadrillion a year through electronic payments, based on Nigeria Inter‑Bank Settlement System (NIBSS) data for 2024. That means money sent by bank transfer, card, mobile...
The Central Bank of Nigeria (CBN) has increased the maximum amount that Nigerian students can receive in foreign exchange for tuition payments abroad to 25,000 dollars per semester, up from 15,000...