CBN Grants JPMorgan Approval-in-Principle to Launch Merchant Bank
The Central Bank of Nigeria (CBN) has officially granted an Approval-in-Principle (AIP) to JPMorgan Merchant Bank Nigeria Limited. The milestone...
JPMorgan Chase Deposits $38 Million with CBN to Secure Institutional Banking License in Nigeria
JPMorgan Chase & Co., the largest banking institution in the United States by assets, has deposited ₦50 billion ($38 million)...
Elon Musk Pledges $10.5 Billion SpaceX Share Giveaway to Every American Child
Tesla and SpaceX CEO, Elon Musk has announced a high-profile equity pledge on X (formerly Twitter), declaring plans to distribute...
IMF Cautions Nigeria Against Restoring Petrol Subsidies, Recommends Reliefs
The International Monetary Fund (IMF) has strongly advised the Federal Government of Nigeria against reinstating universal petrol subsidies, cautioning that...
17.9 Million Nigerians Fall Into Poverty in Three Years, UN Report Reveals
An additional 17.9 million Nigerians slipped into acute multidimensional poverty between 2021 and 2024, marking the single largest poverty increase...
Moove Announces Shut Down, To Transfer ₦35 Billion Cars to 9,000 Nigerian Drivers
Mobility fintech giant Moove has announced a full exit from the Nigerian market, marking its operational shutdown with a landmark...
Lagos Life Developer, Vatar Inc. Secures $500,000 Pre-Seed Round at $10 Million Valuation
Vatar Inc., the gaming startup behind Nigeria's viral browser game Lagos Life, has closed a $500,000 pre-seed funding round at...
Personal Loans Hit ₦2.06 Trillion as Nigerians Rely On Credit To Survive High Living Costs
Outstanding personal loans obtained by Nigerians reached ₦2.06 trillion, accounting for nearly two-thirds of all consumer credit extended nationwide, according...
CBN Opens Q4 2026 With ₦900 Billion Treasury Bills Issuance
The Central Bank of Nigeria (CBN) has kicked off its primary market liquidity management for the fourth quarter of 2026...
Only 1 in 10 Nigerian Adults Can Comfortably Raise ₦156,000 for an Emergency, PiggyVest Report Reveals
Only 1 in 10 Nigerian adults can comfortably raise ₦156,000 (representing about 10% of Nigeria’s GNI per capita) within a...
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