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By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said 6,422 insured depositors of 651 financial institutions were paid N3.31 billion in the first half of 2025 (H1’25). CBN disclosed this in its latest Financial Stability Report noting that the 651 financial institutions in liquidation comprises 50 Commercial Banks (CMBs), 546 Microfinance Banks (MFBs) and […] The post 6,422 insured depositors of defunct banks receive N3.31 bn in H1’25 appeared first on Vanguard News.

… as compliance window closes By Progress Godfrey ABUJA — The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing regulations against Digital Money Lending (DML) operators that failed to regularise their status under the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Vanguard recalls that the FCCPC had set January 5, […] The post FCCPC removes defaulting digital lenders from register appeared first on Vanguard News.

•Unveils industry-wide war on e-fraud   •Internet banking fraud leads with N13.37bn, 4,507 cases   •Lagos tops with 63% fraud volumes   •3, 417 individuals on fraud watch list By Babajide Komolafe Losses to fraud in Nigerian financial institutions declined to N25.85 billion, 51 per cent year-on-year, from N52.26 billion in 2024. This comes as the Central Bank […] The post Losses to fraud in banks decline, CBN intensifies measures appeared first on Vanguard News.

Meanwhile, the market activity showed a three per cent growth in volume, 25 per cent increase in value but four per cent decline in deals. The post Stock market extends upward trend with N6bn gain appeared first on Premium Times Nigeria.

Guinea-Bissau's junta said in a decree published on Wednesday that the country would hold presidential and legislative elections on December 6.

Egypt "announces its acceptance of the invitation and its commitment to fulfilling the relevant legal and constitutional procedures," the statement said, praising Trump's Middle East policies.

Northern Nigeria has been the hardest-hit part of the country, with a surge in kidnappings for ransom by gunmen across the northwest and north-central regions over the recent months, alongside an insurgency in the northeast.

The US$240 million project, which includes a new cement line, power plant, and other key facilities, will significantly increase BUA Cement’s production capacity to 20 million tons upon completion, strengthening regional supply. The post BUA Cement signs agreement to build new 3-million-ton-per-annum facility in Sokoto appeared first on Premium Times Nigeria.

CPPE said evidence from other countries shows that sugar taxes, when applied in isolation, have a limited impact on public health outcomes, particularly in developing economies grappling with poverty and structural challenges. The post CPPE warns against sugar tax, cites threat to manufacturing, jobs appeared first on Premium Times Nigeria.

Mambé previously served as prime minister from 2023 until his resignation on January 7, following Ivory Coast’s parliamentary elections in December.