Archives for April 7, 2026
Banks to undergo regular stress tests under new CBN framework
CBN Governor, Olayemi Cardoso The Central Bank of Nigeria (CBN) has disclosed plans to implement regular stress tests for all commercial banks in the country as part of its effort…
CBN’s BVN overhaul major banking security boost
The Central Bank of Nigeria has introduced stricter Bank Verification Number enrolment and data access rules as part of efforts to curb fraud and strengthen trust in the financial system.…
Electricity tariff hike imminent as Gencos step up pressure
Electricity generation companies have called on the Nigerian Electricity Regulatory Commission to urgently review electricity tariffs following the Federal Government’s recent increase in the domestic base price of gas, warning…
Oil Up, S&P 500 Futures Drop Before Iran Deadline: Markets Wrap
Crude oil advanced in volatile trading and equities lost momentum as investors remained wary ahead of President Donald Trump’s deadline for Iran to make a peace deal, with tentative ceasefire…
Oil prices climb as Hormuz stays shut ahead of Trump deadline
Oil prices extended gains on Tuesday as a deadline loomed for Iran to open the Strait of Hormuz or be "taken out", with President Donald Trump threatening to order…
NAICOM Increases Micro Insurance Capital To N3b
BY NGOZI ONYEAKUSI CFI, NAICOM, Olusegun Omosehin In an effort geared towards promoting insurance penetration among the low-income earners, the National Insurance Commission (NAICOM) has raised the minimum capital requirement…
BudgIT Appoints Vahyala Kwaga to Lead Nigeria Operations as Country Director
BudgIT, a civic-tech organisation working to improve transparency, accountability, and citizen engagement across Africa, has appointed Mr. Vahyala Kwaga as Country Director for Nigeria, effective April 1, 2026. Mr. Kwaga…
Miracles, Revival Mark Opening of Dominion City’s Night of Glory 2026
The atmosphere was charged with faith, worship, and expectancy as Dominion City’s Global Camp Meeting 2026 entered its peak with the first day of the “Night of Glory,” drawing thousands…
N4.65 Trillion in the Vault, but is the Real Economy Locked Out?
BY BLAISE UDUNZE Following the successful conclusion of the banking sector recapitalisation programme initiated in March 2024 by the Central Bank of Nigeria, the industry has raised trillion. No doubt,…
