Revised Agent Banking Regulation – Explained Simply
The Central Bank of Nigeria (CBN) has updated the rules guiding agent banking (POS operators and other bank agents) to make financial services safer, more reliable and accessible. The changes…
Oven vs Air Fryer: Which Uses Less Energy?
When comparing appliances, the first thing to look at is power consumption (watts). A typical oven uses 2,000–5,000 watts, while most airfryers run on 1,000–1,800 watts – about half or…
Prices Still High, But Rising More Slowly
Inflation in Nigeria dropped again in August 2025, making it the fifth month in a row that prices have been slowing down. The inflation rate is now 20.12%, down from…
Banking Operations and Innovations in Nigeria: A Case Study of Fintech Companies (Opay)
Introduction Banking operations in Nigeria have evolved from the traditional brick-and-mortar model to include technology-driven solutions. While commercial banks like GTBank, Zenith and Access Bank dominate the sector, fintech companies…
Consumer Protection in Aviation: Rights, Regulations, and Responsibilities
1. Legal Framework and Passenger RightsGlobally, air travelers are protected by robust legal regimes—ranging from international treaties to national regulations. Key instruments include: 2. Responsibilities of Airlines and AirportsEntities across…
Nigeria Needs $10bn Yearly for Stable Power – FG Launches Major Rural Electrification Drive
The Minister of Power, Chief Adebayo Adelabu, stated that Nigeria requires $10 billion annually for the next 10 to 20 years to achieve a stable electricity supply, citing decades of…
NERC Orders DisCos to Compensate Band A Customers for Poor Power Supply
If you’re a Band A electricity customer – meaning you’re supposed to get at least 20 hours of light daily and pay the highest tariff – here’s some good news:…
Global Standing Instruction & Loan Recovery in Nigeria
The Global Standing Instruction (GSI) is a policy introduced by the Central Bank of Nigeria (CBN) to enhance loan recovery and promote financial stability. Official Circulars and GuidelinesOperational Guidelines on…
Nigeria Set to Modernize 2003 Telecom Law to Reflect Today’s Digital Reality
In a bold move to keep pace with modern technology and digital trends, Nigeria’s telecom regulators and lawmakers have begun reviewing the Nigerian Communications Act (NCA) of 2003. This review…
A Smart Shield for Consumers in Distress: Why Nigerian Banks Must Innovate Beyond PINs
Imagine this: you’re being coerced at an ATM or POS by rogue officers or scammers and you’re forced to make a transfer. Right now, all your options feel like a…
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