In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
Author: Godwin Anyebe
Mental Health Awareness in Nigeria: A Call for Urgent Attention
By Paul Onehi Mental health awareness in Nigeria is a pressing issue that urgently requires increased attention and education for the population. Despite affecting millions of individuals, mental health often remains stigmatized and overlooked within Nigerian society. As Africa’s largest economy grapples with severe economic challenges, many citizens are struggling[Read More…]
From Bricks to Click: The Future of Banking in Nigeria
The Nigerian banking sector is undergoing a significant transformation, moving from traditional brick-and-mortar branches to digital platforms. This shift is driven by a combination of regulatory reforms, technological advancements, and changing customer preferences. The future of banking in Nigeria is increasingly digital, with banks leveraging technology to enhance efficiency, reduce[Read More…]
Thriving Against the Odds: Stories of SMEs in Nigeria
Small and Medium Enterprises (SMEs) in Nigeria are the backbone of the nation’s economy. Despite the challenges they face—ranging from poor infrastructure and limited access to finance, to a volatile economic environment—many SMEs have managed to thrive, showcasing remarkable resilience and ingenuity. These businesses, spread across sectors like agriculture, manufacturing,[Read More…]
Navigating the Digital Age: ICT’s Role in Nigeria’s Development
In the last two decades, the global landscape has been reshaped by the rapid advancement of information and communication technology (ICT), and Nigeria is no exception. From the way we work and communicate to how we access services and education, ICT has become a cornerstone of modern life. In Nigeria,[Read More…]
Rising Food Prices in Nigeria: A Crisis in the Making
Nigeria is currently facing a troubling escalation in food prices, a situation that threatens to plunge more of its population into food insecurity and exacerbate the already high cost of living. The rising cost of basic staples like rice, beans, yams, tomatoes, and other essential food items has become a[Read More…]
Recapitalization Drive: Reshaping Nigeria’s Financial Landscape and Business Outlook
By Godwin Anyebe The Nigerian financial sector is undergoing a significant transformation with the recent push for recapitalization across various industries. This move, primarily targeted at banks, insurance companies, and other financial institutions, is expected to strengthen balance sheets, improve liquidity, and enhance the ability of these institutions to withstand[Read More…]
Banking on Change: Exploring the Evolution of Nigeria’s Financial Sector
By Olu-kings Boluwatife Ayobami The financial sector in Nigeria has undergone profound changes, but its origins are rooted in a complex interplay of traditional practices, colonial influences, and early attempts at formal banking. Understanding this historical context is crucial for appreciating the subsequent evolution of the sector. Traditional Financial Practices[Read More…]
Beyond the Field: The Business of Sports in Nigeria
In recent years, the landscape of sports in Nigeria has evolved from a mere pastime into a thriving business sector, fueled by passionate fans, emerging talents, and increasing investment. With a population of over 200 million people, Nigeria is not just a powerhouse in football but is rapidly diversifying into[Read More…]
Navigating Inflation: Strategies for Business Success in a Volatile Market
In today’s dynamic economic landscape, Nigeria faces the pressing challenge of inflation, characterized by rising prices and fluctuating costs that can significantly impact businesses. As inflation rates soar, companies must develop innovative strategies to not only survive but thrive in this volatile environment. Understanding the Impact of Inflation Inflation can[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]