मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
FCCPC Enforces N100m Fine on Rogue Loan Apps
The Business NG
|The BusinessNG
The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing a new regulation that slams non-compliant digital lending operators with fines of up to N100 million or 1% of annual turnover, as Nigeria intensifies its crackdown on unethical lending practices.
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The Commission, in a statement issued Wednesday, confirmed the official commencement of the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEO
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हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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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.
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Ahead of Elections, CBN Prepares for N1.2Trn Cash Flow Surge
Uses High TB Rates to Tame Liquidity
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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).
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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.
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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.
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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.
1 min
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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.
1 min
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The Business NG
66% of Nigerians Earn N50,000 or Less Monthly, Report Shows
97.6% of Nigerians Earns less than N200,000
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The Business NG
NNPP Tells Gov Yusuf to Resign Before Defecting to APC
The Boniface Aniebo-nam-led faction of the New Nigeria People's Party (NNPP) has called on Kano State Governor Abba Kabir Yusuf to formally resign from the party if he intends to join the All Progressives Congress (APC).
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The Business NG
T-Bill Yields Fall to 18.10% as Investors Demand for Naira Assets Strengthens
Yields on Nigerian treasury bills declined to an average of 18.10% per year in the secondary market as investor demand for Naira-denominated government assets increased ahead of this week's primary auction.
1 min
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