Economy

Economy

Sanusi Slams Fresh Borrowing Despite Fuel Subsidy Removal, Warns of Economic Risk

Sanusi Slams Fresh Borrowing Despite Fuel Subsidy Removal, Warns of Economic Risk

Apr 24, 2026 By Daily Observer Reporter

CISLAC Slams Nigeria’s 2026 Tobacco Tax as Weak, Demands Broader Stakeholder Input

CISLAC Slams Nigeria’s 2026 Tobacco Tax as Weak, Demands Broader Stakeholder Input

Apr 24, 2026 By Abdullahi Alhassan, Kaduna

CBN Hikes ATM Card Fees by 50% to N1,500, Scraps Monthly Maintenance Charge

CBN Hikes ATM Card Fees by 50% to N1,500, Scraps Monthly Maintenance Charge

Apr 24, 2026 By Bukola Kuteyi

CBN Clamps Down on Loan Defaulters, Bars Large Borrowers from Banking Services

CBN Clamps Down on Loan Defaulters, Bars Large Borrowers from Banking Services

Mar 13, 2026 By Bukola Kuteyi

The Central Bank of Nigeria has ordered commercial banks to immediately cut off credit and contingent liability services to large-ticket loan defaulters, as the industry's non-performing loan ratio climbs to 7% — above the 5% regulatory limit.

View more

CBN Upgrades Moniepoint, Opay, Kuda, Palmpay and Paga to National Licences

CBN Upgrades Moniepoint, Opay, Kuda, Palmpay and Paga to National Licences

Jan 27, 2026 By Daily Observer Reporter

The Central Bank of Nigeria has upgraded Moniepoint, Opay, Kuda, Palmpay and Paga to national licences, allowing nationwide operations while imposing stricter capital

View more

Your experience on this site will be improved by allowing cookies Cookie Policy