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FG borrows N4.72trn through treasury bills sales in Q4’25

FG borrows N4.72trn through treasury bills sales in Q4’25

By Elizabeth Adegbesan As part of the Federal Government, FG’s borrowing plan for the 2025 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N4.72 trillion in the fourth quarter of 2025 (Q4’25). This represents a 168 percent quarter-on-quarter (QoQ) increase when compared to N1.76 trillion sold in Q3’25. The CBN […]

Nigeria ranked among top global sources of cyber-attacks — Union Bank CEO

Nigeria ranked among top global sources of cyber-attacks — Union Bank CEO

By Peter Egwuatu Nigeria has been ranked among top global sources of cybercrime given the reported huge losses in 2023. The Managing Director/ CEO, Union Bank Nigeria, Mrs.Yetunde Oni, revealed this during the 63rd Quarterly General Meeting, QGM, of the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, held in Lagos over the weekend. […]

FG bans cash payments for its services

FG bans cash payments for its services

By Emma Ujah, Abuja Bureau Chief   The Federal Government, FG, is set to implement full cashless policy in the collection of its revenues, banning cash payments, with effect from January 1, 2026. Under the arrangement there will be a new mandatory e-receipt system (FTeR)  and full-scale rollout of the Revenue Optimisation (RevOp) Platform. A document released by […]

Cornerstone Insurance shines at 2025 industry awards, clinches two top honours

Cornerstone Insurance shines at 2025 industry awards, clinches two top honours

Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance companies reaffirmed its leadership in Nigeria’s insurance landscape after securing two major recognitions at the prestigious industry awards held in Lagos. The company won Most Innovative Digital Insurance Company of the Year and Excellence in Technology Deployment – Insurance Service Company of the Year, […]

Amid blackouts: NERC, experts clash as DisCos’ revenue rises to N1.7trn

Amid blackouts: NERC, experts clash as DisCos’ revenue rises to N1.7trn

•Billing, collection efficiency on the rise – NERC • Experts disagree, say customers are being cheated By Ediri Ejoh The Nigerian Electricity Regulatory Commission, NERC, and experts in the sector appear to be singing a different song  over the factors driving the  increase in the revenue of  electricity distribution companies, DisCos. While NERC attributed the increase in […]