New CBN directive permits 100% repatriation of export proceeds by IOCs, replacing earlier restrictions to deepen Nigeria’s FX market.
Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send...
The true capital of any banking system is not just money. It is trust. And whether this recapitalisation ultimately succeeds will depend on whether Nigerians see...
CBN directs commercial banks to restrict access to loans, letters of credit, and guarantees for large-ticket borrowers with non-performing facilities.
Nigeria’s Central Bank says locally sourced gold refined to London Bullion Market Association standards has been added to its reserves as part of diversification efforts.
Judging by the past reform in 2004-2005, it has shown that Nigeria’s banking recapitalisation will be judged not by the size of balance sheets, but by...
Nigeria has travelled this road before. Bigger banks and higher capital thresholds have previously delivered reassuring headlines, only for familiar weaknesses to resurface in new forms....
Well-capitalised banks can take on larger single obligor exposures, finance infrastructure projects, expand regionally, and compete more credibly with pan-African and global peers. From this perspective,...
Nigeria’s rising loan defaults are not merely an economic statistic; they are a governance signal. They reflect a system under stress, yes, but also one still...
The CBN’s macroeconomic outlook for 2025 and projections for 2026 provide both reassurance and a call to action. Nigeria’s recent performance highlights the economy’s underlying strengths...
The Vatican will unveil a landmark AI manifesto warning about the risks of artificial intelligence in warfare, society and ethics.
US officials suggest a deal to end the Iran conflict could be reached, though negotiations are still ongoing.
Foreign ministry spokesman Esmaeil Baqaei says key issues have been discussed but no agreement is close.
Tehran has rejected claims that a US-Iran agreement is imminent, with officials saying no one can make such a claim...
Dollar to naira exchange rates remained relatively stable, with the naira selling higher in the black market across Lagos and...
The ex-South-East spokesman for President Bola Tinubu says Gowon’s civil war narrative misrepresents historical facts.
The ADC challenged David Umahi to “do his worst,” insisting the South-East cannot be intimidated into supporting Tinubu in 2027.
The fight for European football in the Premier League will be decided on the final day, with nine clubs still...
BBNaija star Phyna has opened up about financial pressure from relatives and how saying “no” changed family relationships.
Tottenham need a result to stay up as Champions League and European qualification battles unfold alongside emotional exits for top...
Bayern boss Kompany says Guardiola’s leadership, not just tactics, helped him develop the mindset of a coach.
Thomas Tuchel announced England’s squad for the 2026 FIFA World Cup in North America, with several high-profile stars omitted from...
Cesar Azpilicueta will retire at the end of the season, bringing an end to a decorated career that included Premier...
In fact, before seeking sympathy, he should demonstrate remorse. Because Nigerians, despite the noise and outrage of social media, still...
Sevilla top the list of Europa League winners with seven titles, ahead of Liverpool, Inter Milan and Juventus.
Germany coach Julian Nagelsmann confirmed Neuer will be first-choice goalkeeper ahead of Oliver Baumann at the World Cup.
The NFF technical director warned against underrating Nigeria’s opponents in the AFCON 2027 qualifiers despite confidence in qualification.
Reports in Germany claim Manuel Neuer will be recalled by coach Julian Nagelsmann for the FIFA World Cup despite previous...
An emotional video of João Pedro’s family reacting to his omission from Brazil’s 2026 FIFA World Cup squad has gone...