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Super Eagles Slip to 44th in FIFA Ranking

The Business NG

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The BusinessNG

PLUS D'HISTOIRES DE The Business NG

The Business NG

94% of Nigeria's Currency Circulates Outside Banking System

Despite a rapid rise in digital payments, over 94% of Nigeria’s cash—about ₦5.43 trillion out of ₦5.73 trillion in circulation—remained outside the banking system in 2025, according to data presented at the annual Committee of Heads of Banks’ Operations (CHBOs) conference.

time to read

1 min

BusinessNg

The Business NG

The Business NG

Ahead of Elections, CBN Prepares for N1.2Trn Cash Flow Surge

Uses High TB Rates to Tame Liquidity

time to read

1 min

BusinessNg

The Business NG

94% of Nigeria's Currency Circulates Outside Banking System

Despite a rapid rise in digital payments, over 94% of Nigeria’s cash—about ₦5.43 trillion out of ₦5.73 trillion in circulation—remained outside the banking system in 2025, according to data presented at the annual Committee of Heads of Banks’ Operations (CHBOs) conference.

time to read

1 min

BusinessNg

The Business NG

The Business NG

Ahead of Elections, CBN Prepares for N1.2Trn Cash Flow Surge

Uses High TB Rates to Tame Liquidity

time to read

1 min

BusinessNg

The Business NG

Profit-Taking Wipes N557bn Off Equities as NGX Slides Ahead of Q4 Earnings

The Nigerian equities market closed lower on Thursday as sustained profit-taking by investors erased N557 billion from market value on the Nigerian Exchange (NGX).

time to read

1 min

BusinessNg

The Business NG

CBN Sounds Alarm: Banks Must Strike Fast Against Rising Digital Fraud

The Central Bank of Nigeria (CBN) has called on banks and financial institutions to respond more swiftly to emerging electronic fraud threats, as the country’s digital payments ecosystem continues to expand.

time to read

1 min

BusinessNg

The Business NG

US, Nigeria Hold First High-Level Talks After CPC Designation

Details have emerged of a high-level engagement between the United States and the Federal Government of Nigeria following Washington's designation of Nigeria as a Country of Particular Concern (CPC) over alleged violations of religious freedom.

time to read

1 min

BusinessNg

The Business NG

FG to Scrap HND Dichotomy, Allow Polytechnics to Award Degrees

The Federal Government has announced plans to eliminate the longstanding distinction between Higher National Diploma (HND) and Bachelor's degree qualifications, while empowering polytechnics to award their own degree programs.

time to read

1 min

BusinessNg

The Business NG

Inflation Pressure Pushes Banks to Raise Wages as Personnel Costs Top N644bn

Nigeria's worsening inflation crisis, which reached an 18-year high in 2024, has forced commercial banks to implement significant salary increases and welfare adjustments in a bid to cushion the impact of the rising cost of living on their workforce.

time to read

1 min

BusinessNg

The Business NG

66% of Nigerians Earn N50,000 or Less Monthly, Report Shows

97.6% of Nigerians Earns less than N200,000

time to read

1 min

BusinessNg

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