Economy

CBN Caps Market Share in Card Issuing, Merchant Acquiring to Boost Competition

Jun 16, 2026 By Bukola Kuteyi

Kerosene Nears ₦4,000/Litre as Energy Costs Deepen Hardship Across Nigeria

May 28, 2026 By Samuel Goboze

Nigeria’s World Bank Debt Hits $18.5bn, Ranks Third Globally Among Poorest-Country Borrowers

May 26, 2026 By Bukola Kuteyi

Sanusi Slams Fresh Borrowing Despite Fuel Subsidy Removal, Warns of Economic Risk

Apr 24, 2026 By Daily Observer Reporter

Muhammadu Sanusi II, former CBN Governor and Emir of Kano, has criticised the Federal Government for continued borrowing despite removing fuel subsidy

CISLAC Slams Nigeria’s 2026 Tobacco Tax as Weak, Demands Broader Stakeholder Input

Apr 24, 2026 By Abdullahi Alhassan, Kaduna

CISLAC criticises Nigeria’s 2026 tobacco tax regime as weak and ineffective, urging wider stakeholder consultation, higher excise rates, and alignment with ECOWAS and WHO standards

CBN Hikes ATM Card Fees by 50% to N1,500, Scraps Monthly Maintenance Charge

Apr 24, 2026 By Bukola Kuteyi

CBN increases ATM card fees to N1,500, removes monthly maintenance charges, and introduces new banking policies to boost financial inclusion and digital payments in Nigeria.

CBN Clamps Down on Loan Defaulters, Bars Large Borrowers from Banking Services

Mar 13, 2026 By Bukola Kuteyi

The Central Bank of Nigeria has ordered commercial banks to immediately cut off credit and contingent liability services to large-ticket loan defaulters, as the industry's non-performing loan ratio climbs to 7% — above the 5% regulatory limit.

CBN Upgrades Moniepoint, Opay, Kuda, Palmpay and Paga to National Licences

Jan 27, 2026 By Daily Observer Reporter

The Central Bank of Nigeria has upgraded Moniepoint, Opay, Kuda, Palmpay and Paga to national licences, allowing nationwide operations while imposing stricter capital

CBN Caps Market Share in Card Issuing, Merchant Acquiring to Boost Competition

Kerosene Nears ₦4,000/Litre as Energy Costs Deepen Hardship Across Nigeria

Nigeria’s World Bank Debt Hits $18.5bn, Ranks Third Globally Among Poorest-Country Borrowers

Sanusi Slams Fresh Borrowing Despite Fuel Subsidy Removal, Warns of Economic Risk

CISLAC Slams Nigeria’s 2026 Tobacco Tax as Weak, Demands Broader Stakeholder Input

CBN Hikes ATM Card Fees by 50% to N1,500, Scraps Monthly Maintenance Charge

CBN Clamps Down on Loan Defaulters, Bars Large Borrowers from Banking Services

CBN Upgrades Moniepoint, Opay, Kuda, Palmpay and Paga to National Licences

Benue Police Nab 10 Over Killing of MACBAN Chairman, Launch Manhunt for Other Suspects

Ogun Police Arrest Seven Suspects, Recover Stolen SUV, Firearms, 17 Phones in Major Crackdown

Seven Suspected Boko Haram, ISWAP Commanders Arrested at Katsina Airport After Hajj Return

28 Years on Death Row: Widow Begs for Son’s Release Over Alleged Wrongful Conviction

‘She Only Needed Oxygen’: Outrage as UNIOSUN Final-Year Student Dies Amid Healthcare Controversy

Spain Edge Uruguay to Top Group H as La Celeste Crash Out of World Cup

Belgium Thrash New Zealand 5–1 to Top Group G and Storm Into World Cup Knockouts

Venezuela Earthquake Disaster: Death Toll Hits 920 as Desperate Rescue Efforts Intensify

CSO Petitions IGP, Accuses DanBello of Spreading ‘₦1.7trn Falsehood’ Against Senator Yari, Firm

Pochettino Offered USMNT Extension Through 2030 World Cup Amid Impressive Start

Court Voids NDC Registration, Orders Fresh Hearing Over Party Logo Dispute

Nigeria, Netherlands Seal Customs Pact to Strengthen Trade, Tighten Border Security

Ekiti Court Sentences Two to Death for Kidnapping NYSC Official

FG Moves to Review ₦70,000 Minimum Wage Amid Rising Cost of Living

Venezuela Devastated by Twin Quakes: Death Toll Hits 235, Over 4,000 Injured as Desperate Search for Survivors Intensifies