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CBN engages Singapore’s MAS, signs innovation MoU with GFTN

CBN engages Singapore’s MAS, signs innovation MoU with GFTN

By Babajide Komolafe The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has undertaken high-level engagements in Singapore aimed at strengthening Nigeria’s financial connectivity with Asia through institutional cooperation, financial-market development and innovation. The engagements included discussions with the Monetary Authority of Singapore (MAS), the signing of a Memorandum of Understanding (MoU) […]

Nigeria’s economy to grow at 4.3% in 2026 —World Bank

Nigeria’s economy to grow at 4.3% in 2026 —World Bank

Nigeria’s economy is expected to ‌ grow by 4.3 percent in 3026 and rise to an average 4.4% from 2027 to 2028, according to the World Bank, in its latest edition of Nigeria Development Update (NDU). This was contained in the latest edition of the NDU, released in Abuja, yesterday, with the bank assuring that […]

Insurers pay N347bn claims despite N10.9bn premium decline

Insurers pay N347bn claims despite N10.9bn premium decline

By Rosemary Iwunze Claims paid by insurance companies  rose by 0.1 per cent, year-on-year, YoY  to N346.87 billion in the first half of 2026, H1’26, from N346.59 billion in the corresponding period of 2025. The rise in claims payment was in spite of a 1.8 per cent YoY decline in Gross Premium Written, GPW, raising […]