The Central Bank of Nigeria (CBN), Thursday assured that the ongoing banking sector recapitalisation will translate into increased credit flow to the real sector, a critical step toward achieving the country’s $1 trillion economic growth target.

By Udeme Akpan The Central Bank of Nigeria, CBN, said the price of Premium Motor Spirit, PMS, also known as petrol could rise to about N950 per litre in 2026.  The Dangote Petroleum Refinery currently puts its gantry price at N699 per litre while the retail price at MRS Oil, authorized distributor stood at N739 per litre. […]

The Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors.

The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion, amid sustained reforms, improved oil sector performance and easing monetary conditions.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is seeking a licence from the Central Bank of Nigeria (CBN) to operate a microfinance bank, allowing it to directly disburse and monitor funds meant for small businesses, as well as attract more international development finance.