The Federal Government of Nigeria has made a worthy to note move to transform its power sector with the unveiling of an advanced Supervisory Control and Data Acquisition (SCADA) system.…
The Nigerian banking sector witnessed a remarkable boost in liquidity last week, as cash and liquid assets within the financial system surged by a substantial 62.4 percent. This surge was…
The Nigerian National Petroleum Corporation (NNPC) is seeking an additional $2 billion in oil-backed loans from international creditors. According to a Reuters report and confirmation from the Group Chief Executive…
In a major boost for financial security, OPay, a leading Nigerian fintech company, has announced that its users’ deposits are now insured up to ₦5 million by the Nigeria Deposit…
In a significant development for Nigeria’s energy sector, Aliko Dangote, President of the Dangote Group, announced a 600 million liter expansion of the dangote refinery storage capacity. This will bring…
CEM REPORT, BANKING| The recent revocation of the licence of Heritage Bank has stirred up fear and debate among the banking citizens of the country. With many harbouring the thought…
CEM REPORT, BANKING| In a move aimed at safeguarding the integrity of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank Plc,…
CEM REPORT, BUSINESS| Nigeria’s e-commerce landscape is about to experience a seismic shift with the launch of GiDDi, a groundbreaking platform designed to offer a secure, seamless, and efficient marketplace…
CEM REPORT, FINANCE| The Central Bank of Nigeria (CBN) has withdrawn the National Cybersecurity Levy introduced just eleven days earlier on May 6, 2024. The apex bank in a concise…
CEM REPORT, POWER| Nigeria’s power sector is on the verge of a significant change with the establishment of the Nigerian Independent System Operator (NISO) by the Nigerian Electricity Regulatory Commission…