Business & Economy - Page 15

The Central Bank of Nigeria (CBN) has inaugurated a Payments Service Providers’ Committee to strengthen coordination, address challenges and sustain growth in digital payments. Dr Abdullahi Sani, CBN Deputy Governor (Economic Policy), said the committee unites licensed providers and key regulators at

The Central Bank of Nigeria (CBN) has selected six virtual asset service providers to participate in the initial phase of its pilot supervision programme as part of efforts to strengthen oversight of anti-money laundering and counter-terrorism financing risks within Nigeria’s financial system.

The World Bank has approved a $500 million credit facility for Nigeria to strengthen the country’s agricultural sector, improve food security, and create jobs through a new programme targeting smallholder farmers and agricultural value chains. The funding, approved under the International Development

The recent surge in global crude oil prices is beginning to reshape Nigeria’s domestic energy strategy, as the Nigerian National Petroleum Company Limited (NNPCL) moves to increase crude supply to the Dangote Oil Refinery in a bid to boost local fuel production

The Ambassador of Republic of Türkiye to Nigeria, Mehmet Poroy, says both countries need to work harder to raise bilateral trade to five billion dollars, describing current levels as far below potential. Poroy made this known on Wednesday during his official visit

The World Bank has reaffirmed its strong support for Nigeria’s reform agenda, highlighting steady progress toward economic recovery and the importance of parliamentary oversight in development projects. The Bank’s Country Director for Nigeria, Matthew Verghis, made the statement on Wednesday during a meeting with the

AXA Mansard Insurance has recorded a 22 per cent increase in insurance revenue to N160.56 billion for the financial year ended Dec. 31, 2025 in spite of a sharp decline in profit driven by foreign exchange (FX) volatility. The company disclosed this

The Federal Government of Nigeria officially launched a landmark report titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA.” ​This initiative is a strategic move to help Nigerian Micro, Small, and Medium Enterprises (MSMEs) transition from informal, inefficient trade methods

President Bola Tinubu’s naira-for-crude policy has ensured Nigeria’s energy security amid the ongoing Middle-East crisis, a presidential aide has said. Mr Temitope Ajayi, Senior Special Assistant on Media and Publicity to the President, stated this in an article released on Wednesday in

Abdul-Samad Rabiu has reaffirmed BUA Group’s long-standing partnership with United Bank for Africa (UBA) to drive industrial expansion and economic growth. In a statement on Tuesday, Rabiu spoke while hosting UBA Chairman, Tony Elumelu, and his executive team at BUA headquarters in