Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
FCCPC removes defaulting digital lenders from register
… as compliance window closes By Progress Godfrey ABUJA — The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing regulations against Digital Money Lending (DML) operators that failed to regularise their status under the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Vanguard recalls that the FCCPC had set January 5, […]
Losses to fraud in banks decline, CBN intensifies measures
•Unveils industry-wide war on e-fraud •Internet banking fraud leads with N13.37bn, 4,507 cases •Lagos tops with 63% fraud volumes •3, 417 individuals on fraud watch list By Babajide Komolafe Losses to fraud in Nigerian financial institutions declined to N25.85 billion, 51 per cent year-on-year, from N52.26 billion in 2024. This comes as the Central Bank […]
CBN unveils new industry-wide war on e-fraud
The Central Bank of Nigeria (CBN) has unveiled an industry-wide offensive against rising digital fraud, with the aim of reducing fraud response time to under 30 minutes
Banks record 51% fall in fraud losses to N25.9 billion
Banks and other financial institutions recorded a 51 per cent year-on-year decline in fraud losses to N25.85 billion, down from N52.26 billion in 2024.
Local refineries supply 87% of Nigeria’s cooking gas in 2025
By Udeme Akpan, Energy Editor Local refineries and gas processing plants, led by the Dangote Petroleum Refinery and NLNG Limited, supplied 87% of Nigeria’s domestic Liquefied Petroleum Gas (LPG), also known as cooking gas, in 2025, significantly reducing the country’s dependence on imports. Findings by Vanguard showed that the sharp rise in domestic supply marked a major […]
