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CBN orders banks, fintechs to submit Cybersecurity report in 3 weeks

By Elizabeth Adegbesan The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks (DMBs), Payment Service Banks, Microfinance Banks, fintechs and […]

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Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn
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Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn

By Udeme Akpan The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it […]

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Residents roam streets with gallons as water scarcity hits Ebonyi
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Residents roam streets with gallons as water scarcity hits Ebonyi

RESIDENTS of Ebonyi State, particularly those in Abakaliki, the state capital, are groaning under severe scarcity of drinking water, which has triggered fear of imminent water-borne diseases as they now make use of any water they can lay their hands on.

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STOCK MARKET: Investors reap N29trn in 3mths amid economic reforms
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STOCK MARKET: Investors reap N29trn in 3mths amid economic reforms

By Peter Egwuatu  Nigeria’s stock market ended the first quarter of 2026 on a high note, with investors making massive gains of over N29 trillion in just three months. The strong performance comes amid ongoing economic reforms in the country. The total value of all listed companies on the Nigerian Exchange Limited (NGX), known as market capitalization, […]

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We must urgently tackle Africa’s $88bn illicit financial flows – Edun
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We must urgently tackle Africa’s $88bn illicit financial flows – Edun

By Emma Ujah, Abuja Bureau Chief Abuja – Nigeria and other African countries must act urgently to curb the continent’s $88 billion annual Illicit Financial Flows (IFFs), the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has said. Speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the […]

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NASS passes N68trn 2026 budget, boosts RMAFC allocation

By Henry Umoru & Gift ChapiOdekina, Abuja The National Assembly has passed the N68.323 trillion 2026 budget, representing a N9 trillion increase from the initial N58.47 trillion proposal presented by President Bola Tinubu. The increase was made following adjustments by the executive, which were concurred with by lawmakers, to cover unfunded capital obligations, priority projects […]

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