The Central Bank of Nigeria (CBN) has directed banks, fintech firms, mobile money operators and other payment service providers to store all payment transaction data generated within Nigeria on local servers, as part of a broader regulatory push to strengthen oversight, improve transparency and reduce concentration risks in the country’s fast-growing digital payments ecosystem.
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The African Export-Import Bank (Afreximbank) and Ibom Power Company have formally agreed that the latter will make quarterly repayments on an over $7 million loan(Settlement Sum) obtained from the bank, […]
The Central Bank of Nigeria (CBN) intensified its liquidity tightening campaign on June 8, 2026, mopping up N1.689 trillion through an Open Market Operations (OMO) […]
The Federal Government will begin construction of the Kaduna two-corridor light rail project next month, as preparations for full project mobilisation reach an advanced stage. […]