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Payment downtime spikes during ‘Detty December’, CBN reveals

By Babajide Komolafe The Central Bank of Nigeria, CBN, has disclosed that payment system downtime and service interruptions increased significantly during the December festive season, popularly known in Lagos as “Detty December,” exposing coordination gaps across Nigeria’s digital payments ecosystem. According to the CBN Fintech Report, insights drawn from surveys of fintech executives, stakeholder workshops and […]

Wike, Labour reach midnight truce as strike is suspended

The Federal Capital Territory (FCT) Minister, Nyesom Wike, and organised labour unions have reached a midnight agreement that led to the suspension of the ongoing strike and the immediate resumption of work by affected employees.

Nigerian content policy not targeted at foreign oil companies — FG

By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has clarified that the Nigeria’s local content policy was not designed to restrict scope of operation of foreign oil companies in the country’s oil and gas sector. Lokpobiri spoke at the pre-conference opening of the 2026 Nigeria International Energy Summit (NIES) in […]

New tax law: NTPIC emphasises need for clear communication, public trust

By Cynthia Alo The National Tax Policy Implementation Committee (NTPIC) has continued its stakeholder engagement programme, convening a high-level consultative session with leading tax advisory firms, professional bodies and institutional representatives to support the effective implementation of Nigeria’s newly enacted tax laws. The institutions were represented by their national presidents, while the advisory firms were represented […]

Nigeria’s fintechs raise $520m, lead Africa amidst interest rate pressure — CBN

•Urges domestic funding to sustain fintech growth •Says over 60% of fintechs eye regional expansion By Babajide Komolafe, Economy Editor Nigeria’s fintech ecosystem remained Africa’s leading innovation hub in 2024, raising over $520 million in equity funding despite rising global interest rates and tightening financial conditions, the Central Bank of Nigeria (CBN) has disclosed. According to […]

Petrol, cooking gas prices fall year-on-year in December — NBS

By Progress Godfrey Abuja — Petrol and cooking gas prices declined year-on-year in December 2025, signalling a broader easing of household energy costs, according to separate reports released by the National Bureau of Statistics (NBS). Data from the bureau showed that both Liquefied Petroleum Gas (LPG), commonly used for cooking, and Premium Motor Spirit (PMS), […]

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