Category : Search result: balance of payments


CBN Reforms End Festive Cash Scarcity in Nigeria

The Central Bank of Nigeria's strategic reforms, led by Governor Olayemi Cardoso, have successfully eliminated cash scarcity during the 2025 festive season. Learn how new regulations and digital initiatives are transforming Nigeria's financial landscape.

Modern POS Systems Drive Nigerian Retail Sales

Discover how modern POS systems help Nigerian retailers increase sales, improve customer experience, and build loyalty through seamless digital payments and data insights. Act now to upgrade your retail operations.

Flutterwave Buys Mono to Boost Open Banking

Flutterwave has acquired open banking pioneer Mono. The deal aims to build a connected financial system for Africa, enhancing payments, data access, and security. Discover the future of fintech.

CBN Reforms End Festive Season Cash Scarcity

The Central Bank of Nigeria's committee, led by Governor Olayemi Cardoso, implemented holistic reforms ensuring seamless cash flow during the 2025 festive season, marking a historic shift from perennial shortages.

Bluebulb Wins Finance Excellence Award at 2025 PBN Awards

Bluebulb, a cross-border payments fintech, has won the Finance Excellence Award at the 2025 PBN Awards. The award recognises its work in removing barriers for African businesses in global trade. Read more about this achievement.

Nigeria records $4.6bn BoP surplus in Q3 2025

Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

Nigeria's Q3 Current Account Surplus Falls 41%

Nigeria's current account surplus dropped sharply to $3.42bn in Q3 2025, a 41% decline. Explore the CBN data on oil exports, remittances, and rising external obligations shaping the nation's balance of payments.

Kidnappers collect ₦2.57bn ransom in one year

A new report exposes that kidnappers in Nigeria collected a staggering ₦2.57 billion in ransom from July 2024 to June 2025, with the Northwest as the epicentre. Discover the shocking scale of this criminal enterprise.

FG Orders Road Contractors to Stay on Site for Christmas

Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.

OneDosh Launches Borderless Payments in US and Nigeria

OneDosh launches its cross-border payments platform in the US and Nigeria, using stablecoin tech for instant, low-cost international transfers. The service is live in 49 US states, with New York coming soon.

NIBSS assures seamless festive e-payments

NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.

What to Do When You Hate Your Dream Job

Feeling drained by the career you once chased? You're not alone. This guide offers practical steps for Nigerians to handle job disillusionment, from grieving the dream to planning a strategic exit.

Man Reveals VDM's NGO Balance Amid Harrison Gwamnishu Feud

A Nigerian man, Charles Obinwanne Don, shares the N10 million balance in VeryDarkMan's NGO account, defending the activist against claims of jealousy towards Harrison Gwamnishu. Get the full story on the social media drama.

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