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Nigerian banks and customers lost N134bn to banking fraud between 2020-2025, CBN reports. Discover how digital payment expansion fuels this surge.
The Oluwo of Iwo praises Dangote Refinery’s crucial role in stabilizing Nigeria’s fuel supply and economy amidst global energy market volatility.
The Bank of England has decided to keep interest rates steady, mirroring the Federal Reserve's recent decision. This move comes amidst expectations of a potential US rate increase later this year.
Egypt's pound has become the world's top-performing currency due to declining oil prices, significantly boosting its economy. This development highlights Egypt's growing financial strength in the global market.
A new study highlights the escalation of banditry and farmer-herder conflicts in Northern Nigeria, which are exacerbating poverty levels. This situation is severely affecting household welfare and the overall economy in the region.
Mutual Benefits Assurance Plc highlights Nigeria's credit shortfall as a key factor in promoting financial inclusion. The company emphasizes that only 6% of financially included adults currently have access to credit.
Standard Bank Group is ramping up its push into Africa’s fast growing business banking market, targeting a revenue opportunity worth read more Six markets Africa’s biggest bank is targeting in its hunt for $15.4bn in revenue
Meanwhile, some residents of Yenagoa have decried alleged aggressive revenue drive by the Port Harcourt Electricity Distribution Company since the return of regular power supply to the city. The post Independent Power Plant: Bayelsa govt yet to decide tariff appeared first on Pre...
The bank said the unit doubled its earnings and return on capital since 2020 and sustained growth of its markets in the continent at the same time. The post Standard Bank targets $15.4bn expansion in Nigeria, African SME markets appeared first on Premium Times Nigeria.
Payaza says that the platform, which covers Nigeria, Ghana, Kenya, Tanzania, as well as North America and Europe, is poised to provide businesses with access to wider markets while simplifying online transactions and product delivery. The post Payaza Unveils Shopaza to Power Cros...
Residents in Osun are increasingly using firewood for cooking due to the rising prices of cooking gas, which has reached N2,000 per kilogram. This shift highlights the economic challenges faced by families in the region.
Less than a week after pulling off the largest initial public offering in Wall Street history, Elon Musk has turned read more Musk reunites with South African ally to help guard SpaceX’s $2.1trn empire
One of the victims, who refused to be taken abroad, subsequently reported the matter to the police. The post Lagos police foil plot to traffic Kaduna girls to Ivory Coast appeared first on Premium Times Nigeria.
For many Nigerians, volatility often triggers fear-driven financial decisions. Some move entirely into cash positions. Others chase speculative returns in unfamiliar assets. The post Building Wealth in Volatile Markets: Smarter investment strategies for Nigerians, By Margaret Agb...
Residents in Osun are turning to firewood for cooking as the price of gas skyrockets to N2,000 per kilogram. This surge in cooking gas prices is putting financial pressure on households and businesses alike.
The Federation Account Allocation Committee has distributed N2.3 trillion to federal, state, and local governments for May 2026. This allocation aims to support various governmental functions and services across Nigeria.
OGTAN emphasizes the importance of human capital development for Nigeria's oil sector amidst a rapidly changing global energy landscape. The association highlights the increasing demand for skilled professionals to leverage technology and enhance operational efficiency.
Oil prices tumbled after Trump and Iran signed a deal to reopen the Strait of Hormuz, easing supply fears. However, Fed rate hike expectations tempered mar
Nigeria's Treasury Bills yields have increased significantly, with the one-year notes issued by the CBN reaching the highest rate in five months. This rise reflects growing investor interest and confidence in the market.
Oil prices have fallen after a peace agreement between Trump and Iran. The deal aims to resolve conflicts and reopen the Strait of Hormuz without tolls.
Nigeria's petrol imports increased by 60% in May, as reported by NMDPRA. This surge raises concerns about the effectiveness of local refining efforts.
Oil prices fell sharply following the agreement between US President Donald Trump and Iranian President to reopen the Strait of Hormuz. This deal marks a significant step towards easing tensions in the region.
A group is pushing to retain $240m spent annually on oil sector training within Nigeria, aiming to boost local capacity and reduce capital flight.
Brazil has reduced its key interest rate to 14.25% amid ongoing inflation concerns. This marks another step in the country's monetary policy adjustments.
By Obas Esiedesa, Abuja Fuel marketers across Abuja on Wednesday continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at old prices more than 24 hours after Dangote Petroleum Refinery announced a reduction in its ex-depot price. Checks by our correspondent sh...
Mutual Benefits Assurance Plc has highlighted Nigeria's significant credit shortfall, noting that only six percent of adults can access credit through formal channels. The company proposes potential solutions to improve access, which is crucial for economic growth.
Over 92% of personal pension savings accounts in Nigeria are unfunded, highlighting a significant gap in the pension scheme. The National Pension Commission is working to include informal sector workers in the Personal Pension Plan.
Oil prices have dropped following a US-Iran agreement to reopen the Hormuz Strait, raising hopes for lasting peace. This development comes after months of conflict that had destabilized energy markets and contributed to inflation.
Nigeria's current account surplus has surged by 46% to $4.98 billion in Q1 2026. This growth reflects positive economic trends as reported by the Central Bank of Nigeria.
Oil prices have dropped over $1 per barrel, sparking optimism for a return to pre-war fuel costs in Nigeria. This decline follows an interim agreement between the U.S. and Iran.