Industry
Money supply records first decline in 2025, falls to N110 trillion
According to data from the CBN, the country's money supply fell for the first time in 2025, from N110.94 trillion in January to N110.32 trillion in February.
NERC issues new instruction to DisCos over metre refund to consumers
All DisCos have been compelled by NERC to disclose the reimbursements they have provided to customers who purchased meters through the MAP program.
New targets identified as NDIC speaks on shutting down more banks after Heritage
Bello Hassan the NDIC's managing director stated that the organization's goal is to continue liquidating failed bank without the need for court cases and litigation.
Keystone Bank takes over sugar company over N25 billion debt
In his ruling on an ex-parte motion, presiding judge Justice A. O. Awogboro asked Keystone Bank to take over all of Bacita Sugar company's assets.
PenCom announces changes in retirement benefits, names 8 payment providers in Nigeria
The National Pension Commission has made changes to the retirement benefits under the Contributory Pension Scheme and has approved payment providers.
Customers of failed Heritage Bank call on national assembly to intervene over unpaid deposits
Depositors of more over N5 million in funds at Heritage Bank have urged the National Assembly to intervene and support the CBN's license decision.
Emirates Airlines finally clears air on reported plan to leave Nigeria again
Since resuming operations in Lagos last year, United Arab Emirates carrier Emirates Airlines reports that its load factors have been solid and consistent.
Emirates Airlines: ‘I haven’t booked a UAE trip in months’, agents lament as travelers shift focus
Travel experts have noted that Nigerian travelers now prefer Europe and Turkey as strict UAE visa requirements make Dubai a less attractive destination.
PoS terminal transaction increases as Nigerians seek alternative to traditional banks
According to data from the NIBSS, the value of transactions made through PoS terminals in Nigeria reached an all-time yearly record in 2024, rising to N18 trillion.
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