Banking News

Nigeria Secures $5bn Africa Energy Bank Headquarters as Continent Moves to Close $200bn Funding Gap

By The Insight Team November 1, 2026 153 0

By Emmanuel Kwada Nigeria has secured a major position in Africa’s energy financing landscape with the formal establishment of the $5bn Africa Energy Bank in Abuja, a new pan-African financial institution expected to mobilise funding for oil, gas and other strategic energy projects across the continent. The bank, established through a partnership between the African Continue Reading

Banking Business Economy

‎Analysis: Why N5.08tn Remains Outside Nigeria’s Banking System

By The Insight Team June 6, 2026 311

By The Insight Team ‎Nigeria’s cash-based economy continues to defy years of financial inclusion campaigns and cashless policy initiatives, with a staggering N5.08tn remaining outside the banking system as of April 2026. ‎ ‎Latest data from the Central Bank of Nigeria shows that out of N5.65tn in currency circulating across the country, only Continue Reading

Banking News

‎ITMB Posts Strong Earnings, Announces N1.46bn Dividend

By The Insight Team May 21, 2026 379

By Daniel Adaji ‎ ‎Shareholders of Infinity Trust Mortgage Bank Plc have approved a gross dividend payout of N1.46bn for the 2025 financial year. ‎ ‎This is as the mortgage lender posted stronger earnings despite persistent affordability and accessibility challenges confronting Nigeria’s housing finance sector. ‎ ‎The Continue Reading

Banking Business Economy News

‎BVN Update: 10 New Rules You Need to Know, Effective May 1

By The Insight Team April 10, 2026 1090

By Emmanuel Kwada The Central Bank of Nigeria (CBN) has announced sweeping reforms to the Bank Verification Number (BVN) framework, with 10 key changes set to take effect from May 1, 2026. The measures, aimed at tightening digital banking security and significantly reducing fraud, will directly impact how millions of Nigerians access mobile apps, switch […]Continue Reading

Banking Business Economy News Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

EXPLAINER: What Does CBN’s Order to Restrict Banking Services to Loan Defaulters Mean?

By The Insight Team March 13, 2026 741

key points: What exactly is a “large-ticket obligor” What services are restricted? Does this affect everyone who has ever defaulted on a loan? What does this mean for businesses and the economy? What about ordinary Nigerians? Why is the CBN doing this?   By Emmanuel Kwada The Central Bank of Nigeria (CBN) has introduced a […]Continue Reading

Banking Business Economy Education News

The Most Common Cyberthreats for Businesses

By The Insight Team January 23, 2026 515

By  Tristan Gaudiaut, Jan 19, 2026 As AI-related capabilities and vulnerabilities are accelerating at an unprecedented pace, cyber-enabled fraud continues to proliferate worldwide, with several major cybercrime cases having made the headlines recently. According to the Global Cybersecurity Outlook 2026 published by the World Economic Forum in January, Continue Reading

Banking Business Economy News Politics Top Story

Nigeria’s New Tax Reality: What You Need to Know

By The Insight Team November 3, 2025 782

By Emmanuel Kwada  From January 1, 2026, four new tax reform laws signed by President Bola Tinubu will introduce 50 exemptions, deductions, and reliefs aimed at easing the burden on low- and middle-income earners, small businesses, and vulnerable sectors. The government presents these changes as a pro-poor overhaul of a fragmented system. Critics, however, argue […]Continue Reading

Banking Business Economy Education News Politics Terrorism Monitor Top Story

Weekly Roundup: Tinubu Orders Food Price Reduction, Ex-NNPCL Boss in EFCC Net, 166 Lives Lost to Insecurity, Crashes, Floods, Others

By The Insight Team September 12, 2025 777

By The Insight Team Nigeria’s week in review reveals a harrowing toll: President Tinubu orders swift measures to curb soaring food prices amid economic strain, a former NNPCL boss, Mele Kyari, was arrested by the EFCC over refinery probe, and over 166 lives claimed by rampant insecurity, deadly accidents, devastating floods. Senator Natasha stays suspended, […]Continue Reading

Banking Business Economy News

‎Nigeria’s Capital Inflow Plummets 51.9% in Q3 2023 Despite Year-on-Year Growth, NBS Reports

By The Insight Team August 5, 2025 839

By Emmanuel Kwada ‎Nigeria’s capital importation took a sharp downturn in the third quarter of 2024, dropping by 51.90% to $1.25 billion from $2.60 billion in Q2 2024, according to the latest report from the National Bureau of Statistics (NBS). ‎Despite this quarterly decline, the $1,252.66 million recorded in Q3 2024 reflects a robust 91.35% […]Continue Reading

Banking

Infinity Trust Secures N5bn from  MREIF to Expand Mortgages

By The Insight Team June 11, 2025 787

Infinity Trust Mortgage Bank Plc (ITMB) has secured a N5bn facility from the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to boost access to affordable housing across Nigeria. The Federal Government-backed initiative, administered by ARM Investment Managers, is designed to improve mortgage availability for low- and middle-income earners and aligns Continue Reading

Banking

Infinity Trust Mortgage Bank Wins Prestigious Customer Care Award

By The Insight Team April 14, 2025 725 0

Infinity Trust Mortgage Bank PLC has emerged as the winner of the Best Customer Care Award in the Mortgage Finance and Home Ownership Category at the 14th West Africa Innovation Awards held in Lagos, a recognition that highlights the bank’s unwavering commitment to delivering top-tier customer service. The award, presented during a gathering of industry […]Continue Reading

Banking Business

Retail, Hospitality, Food Industries Top the List as Lagos Records N6.3 Trillion in PoS Transactions in 2024

By The Insight Team February 8, 2025 1524 0

By Emmanuel Kwada The Nigerian economy has witnessed a significant surge in Point of Sales (PoS) transactions in 2024, with the total value of transactions reaching an all-time high of N18 trillion. This represents a 69% increase compared to the N10.7 trillion recorded in 2023. The data, obtained from the Nigeria Inter-Bank Settlement System (NIBSS), […]Continue Reading