16 Bank Transactions Exempted From CBN’s New Cyber Security Charges
In a significant move, the Central Bank of Nigeria (CBN) has issued a directive for all banks to implement a...
Sunday, May 3, 2026
News
Banks To Begin Deduction of Cybersecurity Levy
The Central Bank of Nigeria (CBN) has directed all financial institutions in the country to begin the deduction of cybersecurity...
FG Caps International Electricity Sales At 6%
The federal government has instructed system operators in Nigeria's power industry to restrict international electricity sales to a maximum of...
Pension Fund Assets Dip To N19.69trn In March – PenCom
According to the National Pension Commission (PenCom), Nigeria's pension fund assets decreased marginally to N19.669 trillion as of March 31,...
Global Petrol Demand To Flatten As Electric Vehicle Sales Surge
Global demand for petrol is expected to remain stagnant by 2024 as the adoption of electric vehicles (EVs) accelerates, according...
NDIC Raises Depositors’ Coverage For Banks From N500,000 To N5m
The Nigerian Deposit Insurance Corporation (NDIC) has increased the maximum coverage of all deposit-taking financial institutions across all levels. Managing...
New CIS President To Reposition Stockbroking Profession
The Chartered Institute of Stockbrokers (CIS) has elected a finance professional, Mr. Oluropo Dada, as its 13th president who has...
EKEDC CEO Rekhiat Momoh Tasks District Teams On Service Improvement
The chief executive officer of EKEDC (Eko Electricity Distribution Company), Mrs Rekhiat Momoh, has concluded a comprehensive tour of the...
World Bank Pledges Continued Support For Nigeria’s Water Sector
The World Bank has pledged to continue to support the water, sanitation and hygiene sector in Nigeria. The new...
FG To Fast-Track 100 CNG Conversion Facilities With $50m Secured Fund
The federal government is set to intensify efforts to meet its target of installing about 100 Compressed Natural Gas (CNG)...
