Banking Business Economy News

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

By The Insight Team April 10, 2026 649

mostbet mostbet az mostbet mostbet az mostbet pin up mostbet mostbet 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 246

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

Economy Opinions

Nigeria’s Overreliance on Western Aid and the Threat to Our Sovereignty

By The Insight Team August 17, 2025 537

Hassan A. Karofi In recent years, Nigeria’s increasing dependence on Western aid has raised serious concerns about our national sovereignty and our ability to adequately protect our citizens’ welfare. This reliance not only undermines our sovereignty but also jeopardizes our capacity to address pressing social, economic, and political challenges effectively. Continue Reading

Economy

AfDB Forecasts Nigeria’s Inflation to Decline to 24.7% in 2025, 17.3% in 2026 Amid Economic Reforms

By The Insight Team May 28, 2025 1095

By Emmanuel Kwada The African Development Bank (AfDB) has projected Nigeria’s inflation to ease from 33.2% in 2024 to an average of 24.7% in 2025, with a further decline to 17.3% by 2026, according to its 2025 African Economic Outlook released during the AfDB’s Annual Meetings which is holding at the Sofitel Abidjan Hotel Ivoire […]Continue Reading

Business

Nigeria Faces Economic Squeeze as Tariffs, Charges Skyrocket Across Multiple Sectors

By The Insight Team February 14, 2025 629

By Emmanuel Kwada In a concerning trend that has left many Nigerians reeling, tariffs across various sectors have seen significant increases, exacerbating the financial strain on households and businesses alike. Citizens are awakening to a harsh reality as a series of tariff increases hit essential services, from telecommunications to banking and importation. The latest 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 896

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