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CBN Hits Banks With N1.69bn In Fines As Consumer Complaints Hit 23,129 In 2025

July 30, 2026

The Central Bank of Nigeria has intensified its enforcement drive, imposing N1.69 billion in penalties on financial institutions in 2025 for compliance failures ranging from delayed complaint resolution to outright disregard for regulatory directives. The sanctions are contained in the CBN’s 2025

News·Top Stories·Transport

Air Peace Deepens Travel Trade Partnership, Launches New Regional Routes

July 29, 2026

Air Peace has reaffirmed its commitment to strengthening partnerships with travel agencies and expanding regional air connectivity ahead of the commencement of scheduled flights to Bamako, Conakry, Douala and Libreville on August 1, 2026, Prime Business Africa reports. The airline reiterated

Business News·Top Stories

Dollar Rate Rises To N1,366/$, Euro Trades At N1,554/€ In Official Window

July 29, 2026

The traders in the Nigerian foreign exchange market (NFEM) offered N1,366.71 kobo for the United States dollar (USD) on Wednesday, according to the Central Bank of Nigeria’s (CBN) NFEM tracker. Dollar: FX Traders Slightly Increase USD Rate The foreign exchange (FX) rate

Africa·Business News·News·Top Stories

Nigerian-Owned Caribbean Bank Sues Zambia Over $40m Investment Dispute

July 29, 2026

A Caribbean bank owned by Nigerian businessman and energy investor Michael Prest has instituted legal proceedings against the Zambian government, seeking $40 million (about ₦61.4 billion) in compensation over the liquidation of Investrust Bank Plc in a dispute that could shape investor

Nigerian Stock Market Cap Plunges By N684bn, Traders Reduce Transactions To N23bn Deals

Business News·Top Stories

Over N647bn Wiped Off NGX As Traders Cut Deals To N33bn

July 29, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the bourse declined to N159.34 trillion on Wednesday. NGX data showed that the market capitalisation dropped by N647.99 billion from the N159.99 trillion recorded on Tuesday. This followed a 1,004.38 basis points decline

Africa·Business News·News·Top Stories

African Economic Leaders Meet in Abuja to Shape Response to Global Market Risks

July 29, 2026

Top policymakers, central bankers, business executives and development experts from across Africa have converged on Abuja for the 7th African Emerging Markets Forum, where they are seeking practical solutions to shield the continent’s economies from mounting global economic and geopolitical pressures. The

Ecobank Fined N3.2m, PZ Cussons Slammed With N4.8m Amid Clampdown

Business News·Top Stories

Decline In FX Gains, Lending, Fee Income… Why Ecobank’s Q2 Profit Dropped 14%

July 29, 2026

In the second quarter (Q2) of 2026, Ecobank’s earnings from lending and securities investment and its bottom line declined, with the former dropping by 6 percent and the latter decreasing by 14 percent. The financial institution generated N745.51 billion from interest income,

Opinion·Politics·Top Stories

Resurfaced: ‘No Victor, No Vanquished Was A Lie’ — Late Biafra Officer Gbulie Accused Gowon Of 5-Year Detention

July 29, 2026

A 2022 interview of late Biafran officer Lt. Captain Ben Gbulie has resurfaced on TikTok this week, reigniting debate over the treatment of Biafran soldiers after the Nigeria-Biafra Civil War and the legacy of General Yakubu Gowon’s “No Victor, No Vanquished” policy.

News·Opinion

Recapitalised Banks And Access To Credit

July 29, 2026

After a successful implementation of the banks recapitalisation policy by the Central Bank of Nigeria (CBN), which started in 2024 and ended in March 2026, it is expected that there will be greater access to credit to the real sector of the

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Latest

CBN Hits Banks With N1.69bn In Fines As Consumer Complaints Hit 23,129 In 2025

Air Peace Deepens Travel Trade Partnership, Launches New Regional Routes

Dollar Rate Rises To N1,366/$, Euro Trades At N1,554/€ In Official Window

Nigerian-Owned Caribbean Bank Sues Zambia Over $40m Investment Dispute

Over N647bn Wiped Off NGX As Traders Cut Deals To N33bn

African Economic Leaders Meet in Abuja to Shape Response to Global Market Risks

Decline In FX Gains, Lending, Fee Income… Why Ecobank’s Q2 Profit Dropped 14%

Resurfaced: ‘No Victor, No Vanquished Was A Lie’ — Late Biafra Officer Gbulie Accused Gowon Of 5-Year Detention

Recapitalised Banks And Access To Credit

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